For such an awful Budget, it’s incredible that it’s since unravelled further: - Reeves lied about the fiscal situation to justify tax rises she said were unnecessary - the OBR says school budgets will be cut by 4.9%. Ministers deny it - but the OBR gets its info from ministers.

My letter to @TheFCA calling for a full investigation into potential market abuse at HM Treasury and No.10. Confidential market sensitive information appears to have been spun, leaked and misused - and markets, businesses and families have paid the price.

Many struggling families will now be poorer to subsidise families who will get the equivalent of a £71,000 salary from benefits. This will kill work incentives and aspiration. It is not compassionate to trap families on benefits and create a system that’s patently unfair.

Sir @Keir_Starmer & @RachelReevesMP repeatedly said that massive tax rises were necessary due to a black hole in the finances. All the time they were doing this, they knew it wasn't true. Not ‘contested’ or ‘possible’. False. Every. Single. Time. But they did it anyway to try

I'm subject to Market Abuse Regulations and Insider Trading rules at work. The penalties for breach can reach 10 yrs imprisonment and even for a minor breach would, at the very least, constitute gross misconduct and instant dismissal. Why is the chancellor allowed to to this?

The @Telegraph headline says it all. VAT on school fees wasn’t a one-off — it was the opening act to @UKLabour's wider campaign of class warfare. Some supported it believing it wouldn’t affect them. But the budget makes the truth clear: when aspiration is taxed, eventually

The PM and Chancellor rolled the pitch for big tax rises by telling the public there was a massive black hole in the nation's funding. All the time they were doing this, they **KNEW** it wasn't true, but did it anyway. Bloody hell.

The mansion tax is, in principle, a horror show, in context of high taxes already paid by the same cohort. Taxpayers need to speak up against this government, even if you think a >2m tax doesn't affect you. The pitchforks will come for you next.

Rachel Reeves said repeatedly during the run-up to the Budget that she would have to raise taxes because of a productivity downgrade by the OBR The Office for Budget Responsibility has today suggested that was not the case Here is what Reeves said publicly - and what the OBR

“Judge us on what we’ve done so far when it comes to schools & education” says @bphillipsonMP. She has presided over taxing education, damaging outcomes for SEND kids, closing good schools & disrupting kids mid academic year. She is a disgrace. Worst Education Secretary ever.

Warning of £20bn timebomb as Reeves switches Send funding in England to education department - “OBR says it is a significant fiscal risk and could lead to 4.9% real fall in spending per pupil” 🧐 ⁦⁦@NoEducationTax⁩

Quite a big correction by the OBR here. Reeves has nuked schools budget, but somehow forgot to mention it.

Countless households work hard to meet their mortgage or rent, bills, student loans, and basic expenses, and make the responsible decision to limit their family size for financial reasons - or not to have a child at all. Serious question: Why on EARTH should those same

Labour’s budget is already unravelling and these are significantly worse cuts for schools. OBR is now forecasting 4.9% per pupil cut, rather than the 1.7% they said early today. The Rachel Reeves effect is engulfing DfE.

I don’t care if your home is worth £2m. Well done to you. You’ve worked hard to buy it, using money you’ve already been taxed on, and you’ve also paid stamp duty to buy it. For a govt to then say they deserve *more* money, literally for *nothing* every month due to its value

Reflections on the shambles today... 😠 The premature release of the OBR’s analysis was outrageous, but at least it was accidental. In contrast, the Treasury and No.10 have deliberately engaged in selective leaks and briefings throughout this Budget process. Moreover, these

Tax rises are a choice. Returning the working age welfare bill to pre-pandemic levels would save £47 billion a year. Excellent piece by @Jeremy_Hunt. https://t.co/fFyHNPKhnj

The mansion tax - this is what the OBR says: "From April 2028, owners of properties identified as being valued at over £2 million by the Valuation Office (in 2026 prices) will be liable for a recurring annual charge which will be additional to existing council tax liability.

I have never, ever seen a Budget process as shambolic as this one. And it's just got worse... 🙄 "Budget details released early as OBR unexpectedly publishes growth forecast ahead of Reeves statement"

Top OBR takeaways: Growth down Spending up Tax up #Budget