The Latest Breaking News from Rachel Reeves

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

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

Members of the Independent Schools Council board voted to take action after the policy was confirmed in the Budget.

Industry reaction suggests that renters and First Time Buyers are going to be hit hardest by measures in the Autumn Statement

Nine out of 10 taxpayers will benefit as a percentage of income from the Budget, according to a Treasury analysis