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The Latest Breaking News from Rachel Reeves

FM pledges more cash for tackling poverty after Reeves scraps two-child cap

First Minister John Swinney said money freed up by the Chancellor’s announcement would be used to help in the fight against child poverty.

The Independent UK

Stocks rise, pound firms after ‘tolerable’ Budget

Financial markets gave a guarded welcome to Chancellor Rachel Reeves’s plans on Wednesday.

The Independent UK

Labour MPs celebrate end of two-child benefit cap in Reeves’s budget

The Guardian - UK

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Badenoch takes aim at Reeves over chancellor’s complaints of misogyny

Kemi Badenoch used her Bidget speech to launch an extraordinary attack on Ms Reeves, accusing her of ‘whining’ over sexism claims

The Independent UK

‘I can’t afford to keep my heating on overnight - Reeves’ Budget doesn’t do enough for pensioners’

Elaine Yates says the cost of living for pensioners is not matched by government support after Rachel Reeves announced her second Budget

The Independent UK

Reeves’s tax-raising budget is crash-landing on an economy that is struggling for growth

Bond vigilantes may be reassured but the jury is out for households and businesses

The Guardian - UK

Sir Grant Shapps criticises ‘catastrophic’ budget after receiving knighthood

The former defence secretary criticised the ‘chaos’ he said surrounded Rachel Reeves’s Budget after receiving his knighthood from the Princess Royal.

The Independent UK

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Millions of savers and investors to face higher tax bills after Reeves’s budget

Chancellor unveils measures that will affect Isas, pensions, and income from dividends, property and savings interest

The Guardian - UK

Electric vehicle owners face new pay-per-mile tax – what could be the environmental costs?

Modern electric vehicles are transforming the roads with low noise, rapid acceleration and zero exhaust emissions. However, drivers of electric vehicles in the UK will now face a new 3p per mile charge and drivers of hybrid vehicles a 1.5p per mile charge.

The Conversation

Tax calculator: Work out how Rachel Reeves’ Budget will affect your finances

Use our Budget calculator to determine whether Reeves’ package of measures will leave you better or worse off

The Independent UK

Campaigners and Labour MPs hail Rachel Reeves’ decision to scrap two-child limit

Ditching the policy will result in an estimated reduction of child poverty by 450,000.

Evening Standard

Budget 2025 calculator: How will Rachel Reeves' statement affect you?

Our calculator will help you to work out whether you are better or worse off

Evening Standard

Reeves to tax online gambling associated with ‘highest levels of harm’

Rachel Reeves has announced steep increases in online gambling tax associated with the "highest levels of harm" across the sector. Remote gaming duty will increase from 21% to 40%, while levies on online betting will rise from 15% to 25%. The Chancellor said she was reforming gambling taxes in response…

The Independent UK

Boost for London market as three-year stamp duty holiday on IPOs confirmed

But a shock rise in dividend tax ‘undermines the drive to increase investing in Britain’, experts warned.

Evening Standard

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The Independent UK

Voices: ‘A kick in the teeth’: Readers say Rachel Reeves’ Budget ‘punishes responsibility’

YOUR VIEWS: Our community overwhelmingly feel the Budget prioritises Labour’s political goals over public needs, hitting already-squeezed taxpayers with steep rises while offering little confidence in meaningful economic improvement

The Independent UK

How the Budget will affect you: Winners and losers from Rachel Reeves’ tax rises and new spending

Business owners, landlords and EV drivers were hit in the chancellor’s Budget

The Guardian - UK

Online betting firms to pay billions more in UK tax, Reeves confirms

The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next year

The Conversation

What the budget could mean for you – experts react to the chancellor’s announcement

UK chancellor Rachel Reeves has made some significant reforms in her latest budget. Notably, she has committed to easing living cost pressures with widespread energy bill support, higher taxes for the most expensive homes, and axing the two-child cap on certain benefits.

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The Independent UK

How Rachel Reeves’ budget might impact your pension

The changes will affect a wide array of people.

The Guardian - UK

North Sea plan allows drilling while enabling Labour to keep ‘no new licences’ pledge

‘Tiebacks’ will permit small amount of new fossil fuel extraction, but campaigners want bolder strategy

Evening Standard

CAMRA slam Budget as 'a dark day for UK drinkers, pubs and breweries'

The Budget did not address the pub industry’s concerns over VAT, energy bills or employer National Insurance contributions

The Independent UK

Budget 2025: Renters braced for price hikes after Rachel Reeves hits landlords with tax increase

The Conservative leader says Rachel Reeves’s plan to increase taxes on rental income will force landlords out of the market and leave tenants paying the price

The Independent UK

Customs duty to apply to all small parcels to UK, Chancellor confirms

Currently, overseas retailers can send small parcels worth less than £135 to the UK without paying import duties.

Evening Standard

Reeves launches £26 billion tax raid as welfare spending rises

Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax.

Euronews

UK budget raises taxes by £26bn, gaining investor approval after surprise leak

Britain's Chancellor of the Exchequer Rachel Reeves announced tax-raising measures, including new duties on high-value properties, dividends, and savings, in the state budget presented on Wednesday.

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