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Badenoch: Chancellor could be prosecuted over Budget

The Gazette

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December 04, 2025

THE Chancellor could be prosecuted for market abuse, Kemi Badenoch claimed as she came face-to-face with the Prime Minister for the first time since the Budget was announced.

Rachel Reeves has faced accusations she misled voters and the Cabinet in the run-up to the Budget, which included £26 billion of tax rises.

But Sir Keir Starmer hit back at Tory leader Mrs Badenoch during Prime Minister’s Questions yesterday. He also referred to the Office for Budget Responsibility’s (OBR) suggestion that Ms Reeves's messaging in the weeks before the statement was “not inconsistent” with analysis it shared with her.

The Prime Minister has previously said there was “no misleading” by the Chancellor.

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