The Latest Breaking News from Rachel Reeves

A further two-year freeze on Income Tax thresholds would drag 790,000 more people into paying the 40% higher rate, according to the IFS

The Chancellor is due to deliver her budget later this month.

It comes amid concerns about ‘Surrey Hills’ cyclists taking advantage of the scheme

Distilleries say they are ‘on their knees’ ahead of Rachel Reeves’ looming budget

Exclusive: Supporters say grants largely going to middle-class households, but experts warn move will slow transition from gas boilers

Labour chancellor under fire ahead of crunch Budget as new figures show GDP growth has slowed

The UK budget is usually a story of growth forecasts, borrowing levels and fiscal discipline. But ahead of this month’s high-stakes event, growth has been slower than expected. At the same time, as households struggle with living costs, the climate crisis intensifies and inequality persists, growth might seem like too…

The Scottish Labour leader said the situation had ‘not been helpful’.

Former NatWest boss Sir Howard Davies accused the Government of making it harder for businesses with its ‘behaviour’ and policies