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The Latest Breaking News from Rachel Reeves

A shackled economy, no long-term vision for growth — and no help for London

Once again the capital did not get a single mention in the Chancellor’s speech

Evening Standard

Budget tax rises may be ‘fiscal fiction’ as pain delayed for election year, IFS warns

Labour MPs welcome scrapping of two-child benefit cap but worry about hefty future tax increases on constituents

The Guardian - UK

Chancellor summons telecoms bosses to demand action on mid-contract price hikes

The move follows increasing anger from customers and consumer groups over rising mobile and broadband tariffs.

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Will the budget save Rachel Reeves and Keir Starmer? Experts give their views

Rachel Reeves’s budget was seen as a “make or break” moment for the chancellor and the government, which is suffering from low approval ratings and rapidly fading public confidence. At the same time, threats of a leadership challenge and the impending May elections mean Keir Starmer has a tricky path…

The Conversation

Welcome to the half-real, half-fantasy world that is ‘the day after the budget’

This is the day when politicians and amateur commentators talk more doggybollox than on any other day of the year

The Guardian - UK

Mansion tax to wipe £10,000s off value of London homes hit by new levy in Reeves Budget

One in four homes which will pay the property surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden

Evening Standard

Analysts back British gambling firm stocks despite tax rises for sector

Paddy Power owner Flutter and other betting and gaming firms say higher online gambling taxes will hit profits hard

The Guardian - UK

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Use cash freed up by end of two-child cap to cut income tax, Swinney urged

But the Scottish First Minster said he will instead use the £155 million to further act to reduce child poverty in Scotland.

Evening Standard

Starmer says Budget ‘asked everybody to contribute’ to protect public services

The Prime Minister rejected claims the scrapping of the two-child cap had been announced to shore up his own position.

Evening Standard

What does a 'mansion' look like in London? £2m homes that will be liable for Reeves' surcharge from 2028

Under Rachel Reeves’ new “mansion tax”, owners of properties worth more than £2 million will need to pay an annual surcharge on their homes. But what does a £2 million property look like in London today?

Evening Standard

Adele Roberts praises NHS after ‘concerning’ lump removed from her neck

The presenter said she is ‘proud’ of her ‘wonky’ scar.

Evening Standard

Watch: Reeves stumbles as she’s confronted over broken Labour manifesto promises

Susanna Reid left Rachel Reeves flustered after questioning her on accusations she broke Labour’s manifesto promises in the Budget.

The Independent UK

Did Rachel Reeves break her manifesto pledge on tax? Her own words suggest she did

BUDGET ANALYSIS: The chancellor is using semantics to argue she has not broken her pledge – which will be of little comfort to those whose income tax bill will soar, writes David Maddox

The Independent UK

US banks announce UK expansion in ‘commitment’ to economy post-Budget

JP Morgan Chase has unveiled plans to build a new tower in London’s Canary Wharf.

Evening Standard

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The Independent UK

US banking giant to build new Canary Wharf headquarters

Chancellor Rachel Reeves avoided imposing new taxes on the banking sector in her Budget

Evening Standard

Government must not ruin LISA's huge success story for young savers

Since 2021, the Lifetime ISA has delivered a £1bn net boost to the Treasury with revenues consistently outweighing the cost of government bonuses.

Evening Standard

Sadly, this taxing Reeves Budget does nothing for business or growth

Labour has no ministers with any business experience and appear deaf and unsympathetic to what is required for growth.

Evening Standard

NI minister warns against additional revenue-raising on back of Budget

Gordon Lyons said such measures would target working people in the region who were already being ‘hammered’.

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news in one place.

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The Guardian - UK

Keir Starmer says Labour ‘kept to our manifesto’ over budget tax rises

PM seeks to rebuff claims government broke its promises while conceding budget ‘asked everybody to contribute’

Evening Standard

Rachel Reeves rules out independence vote even if SNP wins Holyrood majority

Scottish Finance Secretary Shona Robison said the Chancellor had shown an ‘astonishing level of arrogance’ with the comment.

Evening Standard

Martin Lewis: Income tax freeze 'breaks spirit of Labour manifesto and 1p rise would be less damaging'

In her Budget on Wednesday, Rachel Reeves announced £26 billion of tax rises

Evening Standard

Dreaming of a White Christmas? Met Office reveals long-range forecast up to December 25

The recent cold blast across the UK has sparked discussion around whether the UK will enjoy a white Chrismas this year

The Independent UK

Reeves’ stealth tax hits low earners harder than ‘sensible’ income tax change, says top think tank

People earning less than £35,000 a year will pay more than if chancellor had raised basic rate by 1p, says Resolution Foundation

International Business Times UK

How Does the Salary Sacrifice Work: Updated Rules and Changes as Reeves Releases UK Budget

The 2025 UK Budget confirms a major change to salary sacrifice pensions from April 2029, capping National Insurance exemptions at £2,000. Here's how the new rule works and who it affects.

The Guardian - UK

Income tax threshold freeze will hit poorer households harder, experts say

Move will have greater impact on living standards of taxpayers in bottom half of income scale, thinktanks say

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