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The Latest Breaking News from Rachel Reeves

Leaders hope budget funding will boost Labour in next year’s Scotland and Wales elections

Scottish Labour’s Anas Sarwar and the Welsh first minister, Eluned Morgan, both face humiliating defeat in next year’s elections, according to polling

The Guardian - UK

Rachel Reeves’s budget has inflamed, not calmed, Britain’s febrile mood

The chancellor’s statement will be remembered for the many taxes it raised, rather than the big one – income tax – it did not, says Guardian columnist Martin Kettle

The Guardian - UK

‘Struggling to pay the bills’: Britons under pressure react to budget 2025

As they struggle with the cost of living, people weigh up whether Rachel Reeves’s measures will help them

The Guardian - UK

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Rachel Reeves hands farmers inheritance tax break

Treasury says concession could be worth £30m next year and £70m a year until 2030

The Guardian - UK

‘You will be worse off’: Martin Lewis reveals what Rachel Reeves’s Budget will mean for your wallet

The chancellor unveiled £26 billion worth of tax hikes to close a large hole in the public finances

The Independent UK

Chancellor to face more questions after Budget overshadowed by major leak

The Chancellor’s decisions put Britain on course for a record tax burden as she hiked levies.

The Independent UK

'You won't write my obituary': Under-fire Reeves hits back at critics of her tax and benefits Budget

The Chancellor’s statement put Britain on course for a record tax burden as she hikes levies

Evening Standard

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Jeremy Corbyn slams Labour’s Budget as he issues tax warning

Jeremy Corbyn has accused Rachel Reeves of not going far enough to tax high earners in her Budget.

The Independent UK

'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

Evening Standard

Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget

Chancellor axes two-child benefit cap and cuts energy bills paid for by mansion tax and freezing tax thresholds

The Guardian - UK

Voices: Never mind the backbenchers – this Budget will squeeze working people until it hurts

THE INDEPENDENT VIEW: Editorial: Make no mistake, this was a traditional Labour ‘tax and spend’ budget of the kind not seen since before the days of Tony Blair and Gordon Brown – and while it will please the party, for many it will feel like a kick in the teeth

The Independent UK

Budget ‘missed opportunity’ to tackle rising cost of living – O’Neill

Northern Ireland’s First Minister said instead of ‘real action’ to bring down bills, many will now face higher tax bills in the year ahead.

The Independent UK

Morning Mail: Hong Kong tower block inferno, John Kerry’s advice to Australia, survivor tells of Chilean mountain horror hike

At least 36 dead after fire engulfs high-rise housing blocks; US statesman urges government to use Cop leadership to seal fossil fuels deal

The Guardian - AU

OBR warns Reeves’s budget still leaves public finances in ‘vulnerable’ position

Damaging events could knock finances off course, says Treasury’s independent forecaster as it downgrades growth outlook

The Guardian - UK

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The Guardian - UK

How Rachel Reeves’s budget was leaked 40 minutes early

By the time the chancellor reached the dispatch box, the OBR had accidentally published its verdict in full online

The Guardian - UK

The Guardian view on Labour’s budget: real gains for children and struggling families are a welcome shift

Editorial: Rachel Reeves’s interventions will ease the cost of living and suggest a desire to revive growth and protect public services

The Independent UK

‘I’m a landlord - renters will pay the price for Labour’s war on landlords’

Deshal Raja says landlords are an easy target for the government

Evening Standard

Rachel Reeves kicked Sadiq Khan out of her office in major bust up over London funding

Rachel Reeves cut a scheduled meeting with the Mayor of London short after they argued about cash for the capital

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The Guardian - UK

Has Rachel Reeves broken her manifesto promises with the budget?

Reeves told MPs she had stuck to her pledges. Responding, Kemi Badenoch said the opposite. Who is right?

The Guardian - UK

A budget to save Britain’s finances? More like Operation Save Our Skins

Only 20% of tax rises will go towards making people better off. The vast majority will be spent meeting Labour’s fiscal rules and paying for U-turns, says Guardian columnist Aditya Chakrabortty

Evening Standard

Budget ‘papers over cracks’, say economists as UK growth forecasts downgraded

The Office for Budget Responsibility also pointed to a worsening short-term picture for inflation and unemployment.

The Independent UK

Millions more dragged into paying higher income tax in Reeves’s £26bn Budget squeeze

Chancellor admits ‘I am asking ordinary people to pay a little more’ as she unveils dozens of tax rises, but finally scraps the much-criticised two-child benefit cap

The Guardian - UK

OBR’s leak was the only leak Reeves wasn’t responsible for in pre-budget shambles

Chancellor tried a different approach to this budget, revealing all her plans and causing chaos before she even delivered it

The Guardian - UK

‘A bit of a relief’: a City trading floor reacts to Reeves’s budget

After initial chaos caused by OBR leak, London financial traders say markets do not appear to have been upset

The Independent UK

Tax, spending and investment: Where the Budget ranks in history

The Government has committed to the longest sustained period of high spending since the Second World War.

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