Chancellor Rachel Reeves unveiled the U.K. Budget, which aims to tackle child poverty by ending the two-child benefit cap, allowing parents to claim benefits for more than two children. The Budget also introduces a variety of new taxes totaling £26 million, including a mansion tax on homes valued over £2 million and freezing income tax thresholds until 2031. Despite avoiding major tax rate hikes, the measures reflect a shift in policy as the government seeks to address the needs of 4.3 million children living in relative poverty. The Office of Budget Responsibility's early release of the budget analysis caused controversy, with officials criticizing the trend of pre-briefing media. The Budget emphasizes economic growth through trade deals while rejecting austerity measures.