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The Latest Breaking News from Rachel Reeves

OBR challenges claims Reeves dropped income tax rise due to rosier forecasts

Official forecaster’s chair says chancellor knew about revised predictions well before her budget change of heart

The Guardian - UK

Woman who tried to summon her MP to court is jailed for harassment

Tracey Smith used phrases including ‘a person is dangerous when they have nothing to lose’, ‘be warned’, and ‘bullets will be flying around’.

Evening Standard

How homeowners’ plans to downsize could be impacted by Budget as mortgage rates fall

A new mansion tax and falling interest rates for mortgage deals might have older homeowners considering a move

The Independent UK

From analysis to the latest developments in health,
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Reeves vows state pensioners won’t have to pay tax despite alarm over Budget changes

Chancellor says Treasury won’t go after ‘tiny amounts of money’ and pledges they won’t pay any tax in this parliament

The Independent UK

UK government tells telecoms to do more to protect customers

Telecoms customers must have access to all the pricing details, presented in a clearer way.

TechRadar

The Budget’s stealth tax phenomenon and how much it will cost you

Even when taxes don’t rise, your payments might as a result of what’s called fiscal drag

The Independent UK

Rachel Reeves’ uncle blasts Budget as 'worst I’ve ever heard'

His comments come as the Chancellor is accused of breaking a Labour manifesto pledge amid £26billion of tax rises

Evening Standard

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Senior minister insists employment rights U-turn does not breach manifesto

Education Secretary Bridget Phillipson insisted the Employment Rights Bill remained ‘the biggest upgrade to workers’ rights in a generation’.

Evening Standard

Starmer accused of ‘complete betrayal’ by Labour backbenchers after workers’ rights U-turn

The government has found itself in a stand off with Labour backbenchers who have accused ministers of breaking a manifesto pledge

The Independent UK

JP Morgan boss gave go-ahead for new £3bn tower in London after UK assurances

Decision by US bank’s CEO Jamie Dimon followed trip to New York by top adviser to Keir Starmer

The Guardian - UK

No 10 dismisses claim that OBR revelations show Reeves misled public about need for tax rises in budget – UK politics live

Downing Street brushes off claims that the chancellor misled voters about the state of the public finances ahead of the budget

The Guardian - UK

'Mansion tax' could wipe £150,000 off top-end homes in London targeted by Reeves Budget

One in four of the properties hit by the new surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden, according to the Institute for Fiscal Studies

Evening Standard

Budget questions answered: Money expert Gabriel Nussbaum on pensions, ISAs and what it means for you

ASK ME ANYTHING: Financial expert Gabriel Nussbaum (aka That Money Guy) answers your questions on the Budget’s pension changes, ISA limits, family support, and what the announcements mean for your finances

The Independent UK

Why Starmer’s desire to govern as ‘Mr Rules’ is bound to fail

In the face of multiple crises, disruptive technology and populism, making Britain orderly again is an impossible goal, says Guardian columnist Andy Beckett

The Guardian - UK

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The Independent UK

Starmer calls two-child benefit cap a ‘failed social experiment’ that had to go

Scrapping the benefit cap will cost around £3 billion by the end of this Parliament, according to the OBR

Evening Standard

Two-child benefit cap a ‘failed social experiment’ that had to go, PM says

Ditching the cap will cost about £3 billion by the end of this Parliament, according to the Office for Budget Responsibility.

The Independent UK

Is this the ‘change’ that Britain voted for?

THE INDEPENDENT VIEW: Editorial: Now that the dust has settled on the Budget, it becomes clearer that this government’s priorities are out of line with the national interest, insulting to many and corrosive to the public’s threadbare trust in politicians’ ability to deliver on promises

The Independent UK

‘Mortified’ OBR chief prepared to resign if Reeves loses confidence in him over Budget leak

Richard Hughes has written to the Chancellor and Commons Treasury Committee chair Dame Meg Hillier to apologise for the incident

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The Guardian - UK

The chancellor’s growth mission is missing in action

Businesses grumble about lack of ambition and urgency as Rachel Reeves continues to shy away from meaningful tax reform

The Conversation

The two-child limit failed – all it did was increase poverty

UK chancellor Rachel Reeves has taken decisive action in getting rid of the two-child limit – a policy that has held a totemic place in the UK for more than a decade. Since 2017, this policy has limited the means-tested support that families can receive from the state to the…

The Guardian - UK

Ministers face calls to explain how £6bn Send funding hole will be paid for

Bridget Phillipson tells MPs that Send costs in England will not fall on core schools funding but on government budget

The Guardian - UK

Was Rachel Reeves’s budget really that bad?

Letters: Linda Marriott and Oane Jansen give Labour the benefit of the doubt. Plus a letter from John Thorn

The Guardian - UK

Chances missed in a short-termist budget

Letters: Despite Wednesday’s budget, massive public spending will still be needed to revive the UK economy, writes Colin Hines. Plus a letter from Bernie Evans

The Guardian - UK

Balancing the books at the expense of the poor

Brief letters: Threshold freeze | Two-child limit | Badenoch’s vitriol | Cost-cutting at Christmas | Office for Budget Irresponsibility?

The Independent UK

Did Labour break their tax manifesto pledge? Martin Lewis gives his opinion

Martin Lewis has revealed whether he thinks Rachel Reeves broke Labour's manifesto pledge on tax.

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