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The Latest Breaking News from Rachel Reeves

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.

Euronews

Has Rachel Reeves made the right calls in this budget? Our panel responds

After a tumultuous run-up to a make-or-break moment for the government, has the chancellor struck the right balance?

The Guardian - UK

‘A grotesque indignity to women’: Rachel Reeves scraps dehumanising rape clause

Rachel Reeves hit out at the “grotesque” rape clause tied to the two-child cap policy during her Budget speech.

The Independent UK

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Government targets expensive homes and landlords with property taxes

Experts said the new high value council tax surcharge, dubbed a ‘mansion tax’, could have knock-on effects for the property market.

Evening Standard

Swinney urged to increase spending on benefits as Chancellor lifts two-child cap

Scottish Labour leader Anas Sarwar said the UK Government’s actions will lift thousands of Scottish children out of poverty.

Evening Standard

Ask the Guardian your budget questions

If you have a question about the budget, let us know here and we’ll try to answer it

The Guardian - UK

Reeves freezes fuel duty for now as she confirms 3p-a-mile electric vehicle charge

Rishi Sunak’s ‘temporary’ 5p-a-litre cut to be reversed in stages from next September in effort to keep EVs attractive

The Guardian - UK

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Budget 2025: Reeves hammers London in £26billion tax grab hitting homeowners, renters, landlords and workers

Middle income workers, renters and the owners of expensive homes will be hit with tax hikes, but the poorest families and low paid employees got a Budget boost

Evening Standard

Steep increases for online gambling tax to address ‘highest levels of harm’

There are no changes for in-person gambling or horse racing, while bingo duty is being abolished entirely from April next year.

The Independent UK

What Rachel Reeves’ cut to vehicle excise duty will cost EV owners with new pay-per-mile measure

What the Chancellor’s 3p-a-mile plan means for EV drivers – plus Electric Car Grant and Expensive Car Supplement changes explained

The Independent UK

Budget 2025: All the property announcements from Chancellor Rachel Reeves

From the introduction of a ‘mansion tax’ to increasing the tax on property income, here are the property announcements contained in today’s Budget

Evening Standard

Budget 2025: Winners and Losers from Reeves' tax and spend plan

The Chancellor is targeting the wealthy while trying to protect people on low incomes

Evening Standard

Pay-per-mile for electric vehicles revealed: Typical EV driver faces paying more than £250 a year

Drivers of battery electric cars will pay 3p per mile from April 2028

Evening Standard

The most chaotic Budget in living memory ends in complete shambles – before it’s even started

NEWS ANALYSIS: The accidental leak of details of Rachel Reeves’ Budget by the Office for Budget Responsibility before she got to her feet was one final bit of chaos for this make-or-break Budget, says political editor David Maddox

The Independent UK

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The Guardian - UK

How does freezing income tax thresholds affect your own tax bill?

Rachel Reeves is freezing tax thresholds in an attempt to plug the hole in the public accounts. Find out how it affects your tax bill

Evening Standard

Taxes hiked to ‘all-time high’ by Reeves as growth forecasts cut

More than 1.7 million people will face paying more income tax under the Chancellor’s plans.

The Independent UK

Reeves takes aim at ‘hypotherapist’ Zack Polanksi during Budget address

Rachel Reeves made a jab at “hypnotherapist” Zack Polanski whilst announcing her Budget on Wednesday (26 November).

The Independent UK

From mansion tax to cash ISA changes: Key announcements in Reeves’ Budget

The chancellor has unveiled £26bn worth of tax rises in the Commons as she attempts to plug a multi-billion pound gap in Britain’s ailing public finances

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Evening Standard

Criminal inquiry demanded as ‘unprecedented’ leak of Chancellor's Budget reveals £26bn tax rises

Rachel Reeves condemns ‘deeply disappointing’ accidental release of Budget details ahead of her Commons statement

Evening Standard

Freeze to income tax thresholds extended to 2031 – what does it mean for me?

It means the current income tax bands will stay as they are until at least April 2031, for taxpayers in England, Wales and Northern Ireland.

The Independent UK

Rachel Reeves to change pension salary sacrifice schemes — what you need to know

IN FULL

Evening Standard

Several arrests after farmers bring tractors to capital for Budget protest

Reform UK promised to provide legal support for those held by the Metropolitan Police

The Independent UK

Farage makes pledge after multiple arrests made at farmers’ London protest

Reform UK said they will cover the legal defence of those arrested

International Business Times UK

Millions of UK Minimum Wage Earners to Get Pay Rise, but Business Leaders Warn Against Possible Backlash

Chancellor Rachel Reeves announced the pay increase for millions of low-income workers, causing concern for business experts.

Evening Standard

Budget 2025: Key points on Reeves tax, pensions and benefits plan after details leaked in shock blunder

The Chancellor told the Commons how she is launching a £26 billion tax raid as she unveiled some giveaways to tackle the cost-of-living crisis

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