The Latest Breaking News from Budget

Steve Reed faced questions in the Commons over whether the Government had checked its sums on the tax change before the Budget.

Reforms will be introduced under a new Pension Schemes Bill next year, as part of Government plans to boost economic growth.

It’s hard to pinpoint the most egregious side effects of Rachel Reeves’s Budget so far, with its blizzard of bizarre policies fraught with unpleasant unintended consequences. Who do they most want to hurt? Business owners, farmers and parents who have the cheek to want the best education for their children…

Sir Keir Starmer’s press secretary confirmed the threshold for council tax increases will remain at 5%.

The Conservative leader raised the issue during Prime Minister’s Questions with Sir Keir Starmer.

The pub group said the rise in employers’ National Insurance contributions will cost it £3 million with a further £5 million due in wage increases.

Wes Streeting said he recognised the pressures that organisations which provided care outside the public sector were facing.

Pub bosses have warned that prices will have to go up

The combination of increases in national insurance contributions and higher wage bills could force or cuts or even closures, the BMA said.