UK Chancellor Rachel Reeves will present the Autumn Budget on November 26, 2025, aiming to tackle a £20 billion fiscal gap without increasing taxes on working individuals. The budget announcement, scheduled for 1230 GMT, follows Prime Minister's Questions and comes amid heightened scrutiny over the country's fiscal health. Public sector net debt has surged to 95.3% of GDP as of September, marking the highest level in over six decades. Government borrowing for the first half of the financial year reached £99.8 billion, exceeding projections by £7.2 billion. Market participants will closely monitor the budget for its impact on fiscal credibility, with potential implications for gilts, the sterling, and the Bank of England's interest rate decisions.