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The Latest Breaking News from Rachel Reeves

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

Evening Standard

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…

The Independent UK

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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.

Evening Standard

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 Independent 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

The Guardian - UK

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What the budget could mean for you – experts react to the chancellor’s announcement

UK chancellor Rachel Reeves has made some significant reforms in her latest budget. Notably, she has committed to easing living cost pressures with widespread energy bill support, higher taxes for the most expensive homes, and axing the two-child cap on certain benefits.

The Conversation

How Rachel Reeves’ budget might impact your pension

The changes will affect a wide array of people.

The Independent UK

North Sea plan allows drilling while enabling Labour to keep ‘no new licences’ pledge

‘Tiebacks’ will permit small amount of new fossil fuel extraction, but campaigners want bolder strategy

The Guardian - UK

CAMRA slam Budget as 'a dark day for UK drinkers, pubs and breweries'

The Budget did not address the pub industry’s concerns over VAT, energy bills or employer National Insurance contributions

Evening Standard

Budget 2025: Renters braced for price hikes after Rachel Reeves hits landlords with tax increase

The Conservative leader says Rachel Reeves’s plan to increase taxes on rental income will force landlords out of the market and leave tenants paying the price

The Independent UK

Customs duty to apply to all small parcels to UK, Chancellor confirms

Currently, overseas retailers can send small parcels worth less than £135 to the UK without paying import duties.

The Independent UK

Reeves launches £26 billion tax raid as welfare spending rises

Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax.

Evening Standard

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Euronews

UK budget raises taxes by £26bn, gaining investor approval after surprise leak

Britain's Chancellor of the Exchequer Rachel Reeves announced tax-raising measures, including new duties on high-value properties, dividends, and savings, in the state budget presented on Wednesday.

The Guardian - UK

Has Rachel Reeves made the right calls in this budget? Our panel responds

After a tumultuous run-up to a make-or-break moment for the government, has the chancellor struck the right balance?

The Independent UK

‘A grotesque indignity to women’: Rachel Reeves scraps dehumanising rape clause

Rachel Reeves hit out at the “grotesque” rape clause tied to the two-child cap policy during her Budget speech.

Evening Standard

Government targets expensive homes and landlords with property taxes

Experts said the new high value council tax surcharge, dubbed a ‘mansion tax’, could have knock-on effects for the property market.

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Evening Standard

Swinney urged to increase spending on benefits as Chancellor lifts two-child cap

Scottish Labour leader Anas Sarwar said the UK Government’s actions will lift thousands of Scottish children out of poverty.

The Guardian - UK

Ask the Guardian your budget questions

If you have a question about the budget, let us know here and we’ll try to answer it

The Guardian - UK

Reeves freezes fuel duty for now as she confirms 3p-a-mile electric vehicle charge

Rishi Sunak’s ‘temporary’ 5p-a-litre cut to be reversed in stages from next September in effort to keep EVs attractive

Evening Standard

Budget 2025: Reeves hammers London in £26billion tax grab hitting homeowners, renters, landlords and workers

Middle income workers, renters and the owners of expensive homes will be hit with tax hikes, but the poorest families and low paid employees got a Budget boost

The Independent UK

Steep increases for online gambling tax to address ‘highest levels of harm’

There are no changes for in-person gambling or horse racing, while bingo duty is being abolished entirely from April next year.

The Independent UK

What Rachel Reeves’ cut to vehicle excise duty will cost EV owners with new pay-per-mile measure

What the Chancellor’s 3p-a-mile plan means for EV drivers – plus Electric Car Grant and Expensive Car Supplement changes explained

Evening Standard

Budget 2025: All the property announcements from Chancellor Rachel Reeves

From the introduction of a ‘mansion tax’ to increasing the tax on property income, here are the property announcements contained in today’s Budget

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