Budget 2025 live: Rachel Reeves says tax and spending changes based on ‘fair and necessary’ choices

Chancellor to deliver fiscal statement, billed as decisive moment for fate of Starmer government, at 12.30pm

• Tax, pensions, savings: what to expect in the budget

• Reeves’s high-stakes budget in five key charts

• Could you do better than Reeves? Play our game

Here are some more pictures of ministers arriving at Downing Street this morning for the pre-budget cabinet.

Darren Jones, the Cabinet Office minister and chief secretary to the prime minister, admitted this morning that some of the pre-budget leaks have infuriated No 10.

There have been some leaks which are unacceptable and not very helpful.

We’ve had to read the riot act to people in government about that.