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The run-up to the 2025 Budget may have been characterised by greater conjecture about what would, or wouldn’t, be announced than in perhaps any other “pre-fiscal event” period in the UK’s modern political history. The last-minute leak of the Office for Budget Responsibility’s forecasts only added to the sense of anticipation of what would be revealed. For better or for worse, the Chancellor has now delivered her statement, and the official “Red Book” of policy announcements (