The Latest Breaking News from Rachel Reeves

Warning comes after Rachel Reeves’s record tax-raising budget sent tremors through financial markets

Labour said it would bring taxation of performance-related pay in the industry in line with others – but the chancellor had a change of heart

The lobbying coup of the decade saw a major climbdown on the chancellor’s planned raid on carried interest

Editorial: The chancellor has given the health service a boost. But huge challenges remain

Letters: Politicians including Jeremy Corbyn and MPs from the Green party and Plaid Cymru respond to the chancellor’s plans. Plus a letter from Peter Riddle

The chancellor, on the morning-after media round, just scraped a no-score draw despite a pervasive sense of unkept promises

Critics say changes to inheritance tax and nature-friendly subsidies could break up family farms and risk food security

Chancellor Rachel Reeves insisted she had no alternative but to raise taxes in her first Budget.

Perhaps the most important long-term change announced in the first Labour budget are the new rules the government has set itself to fund the expansion of public services and increase public investment. These fiscal rules, which set out how much the government can borrow and spend, are seen as critical…

London’s FTSE 100 was down 49.53 points, or 0.61%, to close at 8,110.1.

Unless the chancellor’s capital spending increases stimulate private investment, expect more tax rises ahead