mercredi 26 novembre 2025

Budget’s ‘dirty dozen’ tax rises

The political war in Britain’s asylum capital | Best and worst supermarket hot chocolate
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Wednesday, 26 November 2025

Issue No. 276

Good morning.

Today we will find out just how painful Rachel Reeves’s Budget will be. The Chancellor wants to protect the NHS and other public services, and is said to be eyeing up more spending on benefits. To fund this, it’s Middle England that will be hit the hardest with tax rises. Sir Mel Stride, the shadow chancellor, has labelled the anticipated raid a “dirty dozen”, that seeks to “punish those who play by the rules”. Szu Ping Chan, our Economics Editor, has the latest. Follow our live blog for the announcement as it happens, and the sharpest commentary and analysis.

Chris Evans, Editor

P.S. Try one year of The Telegraph for £1.99 a month.


 

In today’s edition

The political war in Glasgow, Britain’s asylum capital

‘Elves claim I’m a natural Santa. I don’t know how to take this’

Plus, the best and worst supermarket hot chocolate

Get ahead of the Autumn Budget.

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Reeves to sting voters with ‘dirty dozen’ tax rises in Budget

Szu Ping Chan

Szu Ping Chan

Economics Editor

 

Rachel Reeves unleashes her version of The Dirty Dozen today. But unlike the war film, it won’t be receiving many plaudits.

That tale, based on the 1965 novel by EM Nathanson, proved that bad men can be heroes. The Chancellor will argue on Wednesday that, like the dozen convicts in the story, her tax rises can be the heroic rogues that get the job done.

Ms Reeves will use her speech to argue that tax rises are essential if the NHS and other vital public services are to be protected. The price, however, is an assault on Middle England, which will bear the brunt of a raid on wages, pensions, electric vehicles and even lattes as she also uses the Budget to fund an expansion of the welfare state.

She will say: “Today I will take the fair and necessary choices to deliver on our promise of change.

“I will not return Britain back to austerity, nor will I lose control of public spending with reckless borrowing. I will take action to help families with the cost of living… cut hospital waiting lists… cut the national debt.”

Sir Mel Stride, the shadow chancellor, branded the package of 12 or more tax rises a “dirty dozen”.

He said: “Rachel Reeves is dressing up a dirty dozen tax hikes as fair and compassionate – but working people can see the truth. It looks as though this Budget will dodge all the tough choices, punish those who play by the rules, and proves Labour still can’t be trusted with the nation’s finances.”
Read the full story here

Budget predictions: what’s in and what’s out


Tool: How is Reeves spending your money
?

Live updates: Chancellor to insist tax rises are ‘fair and necessary’

 

Opinion

Neil Record Headshot

Neil Record

It’s madness that our prosperity is in the hands of the OBR (which is always wrong)

Labour is pinning its hopes – and its Budget – on nothing more than a crystal ball

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<span style="color:#DE0000;">Hamish de Bretton-Gordon</span> Headshot

Hamish de Bretton-Gordon

Trump has failed to understand Putin’s warped psychology

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<span style="color:#DE0000;">Judith Woods</span> Headshot

Judith Woods

Hell hath no fury like an ex-duchess scorned

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Matt Cartoon
 

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Your essential reads

The political war in Glasgow, Britain’s asylum capital

For centuries, Glasgow has taken pride in being a city of refuge, but now it is Britain’s asylum capital. Annabel Denham headed north of the border to find an area divided by escalating costs, friction and resentment. “We might not be experiencing mass protests outside hotels,” said Thomas Kerr, Reform councillor. “But the city is at boiling point.”

Continue reading

 

‘Elves claim I’m a natural Santa. I don’t know how to take this’

In an increasingly cynical world, writer George Chesterton decided to find the true meaning of Christmas – by going to Santa school. Alongside 30 other Santas-in-training, he learnt to make his “ho ho ho” sound as if “summoned up from a barrel of mulled wine” and style his Santa hat just so (the bobble must land on the left, not the right, side). See George’s full transformation, and find out if he really has what it takes to play the Big Man after being complimented by the elves.

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Archbishop of Canterbury or BBC director-general: Which is Britain’s most impossible job?

The prospects of the director-general of the BBC and Archbishop of Canterbury have never been reassuring. Three of the past five director-generals have resigned – although none has been executed yet, unlike at least four archbishops. With each of the roles carrying huge responsibility and coming under intense scrutiny, it must be asked: why would anyone want to do them? Iain Hollingshead takes a closer look at what makes both jobs uniquely awful.

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‘I get paid £100k as a modern-day butler – but it’s still a bit like Downton Abbey’

Being a good butler is only 25 per cent skill; the rest is intuition. The best in the business anticipate someone’s needs before they realise themselves. It’s also hard work, from 7am to 1am, six days a week. Here, we reveal all from a butler who has served dukes, billionaires, princes and even Mariah Carey.

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Victoria Beckham (centre), and models Paloma Elsesser (left) and Taylor Hill (right) all style the look

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Seize the day

The best and worst supermarket hot chocolate

Stirred with warm milk to make the most comforting of drinks, there’s a hot chocolate out there for every taste. But not all are created equal, as Xanthe Clay discovered in her latest supermarket taste test. Want to swerve the cardboard-flavoured option with a greyish tinge? You’d better read on...

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Below are two more helpful articles for you this morning:

 
 

Travel diary

The world’s 20 most spectacular railway stations

Antwerpen-Centraal

Antwerpen-Centraal is often hailed as the ‘Railway Cathedral’

Adrian Bridge

Adrian Bridge

Travel writer

 

There’s nothing like a grand railway station to fire the imagination and stoke the spirit of adventure – and don’t we have some great ones! As The Telegraph’s rail travel expert, I’ve been fortunate enough to visit hundreds of stations over the years, and have, with much difficulty, compiled a list of my 20 favourites.

They include the greatest station on British soil, St Pancras, which has a magnificent, gothic, red-brick construction, epitomising the splendour (and deep pockets) of rail companies in the Victorian era.

With a dome inspired by the Pantheon in Rome, and a breathtakingly luxurious interior, Antwerp’s central station – often hailed as the “Railway Cathedral” – also makes the cut.

I’ve included several dazzling modern creations, such as Riyadh’s Qasr Al-Hokm Station, a stylish marvel of concrete and steel. All are worth a visit – whether or not you’ve got a train to catch.

Don’t agree with my choices, or think I’ve left out a stunner? Please join the debate in the comments section.
See Adrian’s list in full

 

The morning quiz

RAF photo competition


For which occasion did this formation of military aircraft fly over Buckingham Palace?

 

Your say

Losing the plot

Every weekday, Orlando Bird, our loyal Reader Correspondent, shares an off-piste topic that has brought out the best of your opinions and stories.

Orlando writes...
It’s often said that audiences – whether at the theatre, the opera or the cinema – are less well behaved these days. There are the predictable crimes: fiddling with a phone, say, or tucking into some ridge-cut cheese and onion crisps. But I had never encountered this one, described by Diane Donnelly: “Last Saturday, during a magnificent performance of Mozart’s Requiem, a lady in front of me sat knitting – a distraction for those sitting nearby, and surely a discourtesy to the professionals on stage.”


 

What to do? At least knitting doesn’t make a noise. I’m not really one for hissed confrontations, so would probably have settled for glaring at the back of the offender’s head. Jean-Marc Evans, however, advocated a more direct approach: “Rather than putting up with it, I would suggest that in future Diane tells anyone knitting or doing anything else distracting to stop – politely but firmly. I’ve found it always works.”


 

In truth, this problem isn’t especially new. I remember reading 20 years ago about how Richard Griffiths – now the late Richard Griffiths, sadly – had booted an audience member out of the theatre because her phone went off. “Never, ever come back,” he admonished.


 

Nicholas Young had a story from further back: “I acted in a West End production of Forty Years On. On a weekly basis we would suffer the presence of a man who always sat in the front row, armed with a copy of the play. He would assiduously follow every line with his finger, and if any of us deviated from the script by a single word he would visibly twitch, jerking his head between the transgressing actor and the written page. This was disconcerting for us all – but imagine how challenging it must have been for Alan Bennett, who was not only appearing on stage but had also written the play.”


 

Extraordinary. It doesn’t have to be this way, though. Last week I was at a concert at the Wigmore Hall in London, and in two and a half hours I didn’t see (or hear) a single phone. Maybe it’s just that we early-music fans didn’t have any friends to be messaging – but I highly recommend it, anyway.

Send me your tales of audiences behaving badly here, and the best of the bunch will feature in a future edition of From the Editor PM, for which you can sign up to here.

Please confirm in your reply that you are happy to be featured and that we have your permission to use your name.

 

Puzzles

Panagram

Find as many words as you can in today’s Panagram, including the nine-letter solution. Visit Telegraph Puzzles to play a range of head-scratching games, including PlusWord, Sorted, and Quick, Mini or Cryptic Crosswords.


 

Yesterday’s Panagram was UNDAMAGED. Come back tomorrow for the solution to today’s puzzle.

 

Thank you for reading. Have a fulfilling day and I hope to see you tomorrow.

Chris Evans, Editor

P.S. I’d love to hear what you think of this newsletter. You can email me your feedback here.

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