The Latest Breaking News from Rachel Reeves

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

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

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

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

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

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…

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

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.

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