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The Latest Breaking News from Rachel Reeves

Budget watchdog finds £9.5bn shortfall in previous government’s spending plans

Rachel Reeves’ Budget on Wednesday afternoon sought to address a ‘black hole’ in finances.

The Independent UK

What budget 2024 means for your personal finances

How Rachel Reeves’s measures on pensions, income tax, stamp duty and fuel duty will affect UK consumers

The Guardian - UK

Rachel Reeves goes back to the future with a tax and spend budget

Chancellor heeds calls long made on the left for spending to match other European countries with rise of £70bn a year

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

OBR says budget unlikely to lift economic growth over next five years

Forecaster says extra spending revealed by Rachel Reeves will give only a short-term lift to economy

The Guardian - UK

Chancellor: Budget gives Holyrood its largest ever real-terms funding settlement

Rachel Reeves said the Scottish Government will receive an additional £3.4 billion in 2025-26 due to her tax and spending decisions.

Evening Standard

What Labour’s first budget means for wages, taxes, business, the NHS and plans to grow the economy – experts explain

For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise…

The Conversation

NHS gets £22bn funding boost in Budget – how will it affect hospitals and patients?

NHS leaders welcome injection of cash but funding must be matched by delivery

Evening Standard

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Budget 2024: What was missing from Labour’s historic event?

The chancellor confirmed that new tax rises add up to £40bn

The Independent UK

Is Reeves still the green chancellor after her budget? Yes … and no

The fuel duty freeze angered some but there were boosts for renewable energy and heat decarbonisation

The Guardian - UK

What the budget will actually mean for you

The experts have shared their praises and some reservations on the Reeves’ Autumn Budget.

The Independent UK

Rachel Reeves delivers Budget message to ‘girls and women’ as UK’s first female chancellor

Rachel Reeves delivered a powerful message to “girls and women” as she became the first female chancellor to deliver the UK Budget on Wednesday (30 October).

The Independent UK

At a glance: the key points from the Budget

Rachel Reeves set out £40 billion of tax rises along with major spending commitments as she sought to set the tone for Labour’s term in office.

Evening Standard

U.K. joins Europe in targeting the super-rich with fresh crackdown on foreign wealth, capital gains, and private jets

Rachel Reeves plans to jack up taxes on capital gains and foreign wealth of affluent individuals—although there might be other casualties, too.

Fortune

Reeves goes after employers with young workers the clear winners

The minimum wage for 18 to 20-year-olds will rise 16 per cent to £10 as part of a plan to equalise the rate with older earners

The Independent UK

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The Independent UK

Voices: A strong performance, chancellor – but you can’t afford another Budget like this

COMMENT: Thanks to some nifty sleights of hand, the chancellor was able to declare that she had not broken any electoral pledges. But will Rachel Reeves’s spending plans revive the government’s floundering fortunes, asks Andrew Grice

The Independent UK

Stamp duty blow to first-time buyers and second home investors

Experts said Britain’s property sector would be knocked by stamp duty changes, with an ‘overnight’ hike for second-home buyers.

Cycling Weekly

Budget has 'betrayed' local bike shops, says British retailer association

More money to combat potholes and active travel funding also announced in budget

The National (Scotland)

What was in Rachel Reeves's Budget for Scotland? See the key points

CHANCELLOR Rachel Reeves has laid out a Budget which will see the tax burden reach an historic high, while borrowing increases by an average £32.3…

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The Independent UK

Charities condemn ‘negative’ language as Reeves vows welfare fraud crackdown

The Government also said it would set out reforms to health and disability benefits in the early part of next year.

Evening Standard

Small business owner considers selling firm amid minimum wage increase

Christina French, founder of an electrical contracting business, fears she will have to sell one of her businesses to make ends meet.

The Guardian - UK

HS2 will run to London Euston after chancellor commits to funding

Rachel Reeves allocates funds for tunnelling work on high-speed rail link from Old Oak Common to central London

The Independent UK

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning

Exclusive: Figures published alongside Budget spark claims UK’s exit from EU is ‘elephant in chancellor’s study’

Evening Standard

Chancellor allocates ‘increase in funding’ for BBC World Service in Budget

A BBC statement said the broadcaster ‘welcomed the funding’.

Evening Standard

OPINION - Rachel Reeves's £40bn of tax rises sets up the dividing line for the next election

Ask two Blairites when the New Labour project died, and you might get three different answers. The first is June 2007, when Tony Blair stood down as prime minister. The second is May 2008, when the party ran a class-based (and unsuccessful) campaign at the Crewe and Nantwich by-election. While…

Evening Standard

If anyone needs me I’ll be in Yorkshire, Sunak tells MPs amid California talk

Rishi Sunak made the joke during his final Prime Minister’s Questions exchanges with Sir Keir Starmer.

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