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The Latest Breaking News from Rachel Reeves

Taxi costs in London set to soar as Chancellor announces new tax on minicabs

During her Budget on Wednesday, Rachel Reeves revealed private-hire vehicles from ride-sharing apps such as Uber and Bolt will see 20% VAT added on to journeys

Evening Standard

Budget does not go far enough in public service investment – Stormont minister

Stormont Finance Minister John O’Dowd said Rachel Reeves’ spending plan ‘strengthened the need’ for fiscal devolution in Northern Ireland.

Evening Standard

How will some workers’ pensions be affected by salary sacrifice changes?

Capping salary sacrifice for pension saving has been described as ‘a short-sighted tax grab which will lower pension saving.’

Evening Standard

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What will the budget mean for economic growth? Experts give their view

Since the election last year, the UK government has said economic growth is its top priority, as a way to improve living standards, cut NHS waiting lists and ease pressure on household finances. But with the Office for Budget Responsibility predicting growth this year to be a below-average 1.5%, it…

The Conversation

IFS responds to £150 cut to energy bills pledged in Rachel Reeves’ Budget – will it work?

Some climate campaigners have criticised the move by Rachel Reeves to cut green levies

The Independent UK

Rachel Reeves dodges question on her future after Budget unveiled

Rachel Reeves dodged a question about whether she would still be chancellor at the next general election after unveiling a package of £26bn tax hikes in the Budget.

The Independent UK

The budget has averted an immediate crisis for Labour – but the danger is not over yet

Sense of relief among many Labour MPs but chancellor’s broad mix of measures leaves room for things to go wrong

The Guardian - UK

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Racing celebrates ‘Axe the Tax’ Budget campaign victory after Reeves spares sport

Racing celebrated its ‘Axe the Tax’ Budget campaign victory on Wednesday after Rachel Reeves left the rate of duty on betting on the sport unchanged

The Guardian - UK

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

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

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The Independent 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 Guardian - UK

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 Conversation

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 Independent UK

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

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Evening Standard

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

The Independent UK

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…

Evening Standard

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.

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

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