The Latest Breaking News from Rachel Reeves

When the full, unexpurgated diaries of the Conservative MP Sir Henry “Chips” Channon were published in 2021, these disarmingly frank accounts of his aristocratic life in mid-20th century Britain caused a stir. They revealed the inner thoughts of a renowned social climber and rightwing snob, whose political career never recovered…

Chancellor Rachel Reeves weighs 20% settling-up charge on UK assets for wealthy leavers in budget 2025, targeting tax havens and aligning with G7 amid 16,500 millionaire migrations.

The Conservative leader travelled to the north-east of Scotland to launch her party’s new campaign to end the moratorium on new oil and gas licences.

Chief executive Stuart Machin said the Chancellor’s pre-Budget speech on Tuesday did not ease customer fears or give certainty to business.

Tory ex-chancellor George Osborne conceded large reforms to the tax system can be difficult politically as he pointed to his 2012 ‘pasty tax’ budget.

Rachel Reeves might cut the cash ISA allowance in a bid to push more Brits towards stocks and shares

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

Watch live as David Lammy, Britain’s deputy prime minister, faces Prime Minister’s Questions on Wednesday (5 November).

Rachel Reeves has given strong indications she will break Labour’s manifesto promise not to raise taxes on “working people” at her Budget on November 26

Education Secretary Bridget Phillipson’s comments came after Chancellor Rachel Reeves prepared the ground for tax hikes in her November 26 Budget.

While the education secretary insisted the government takes its manifesto pledges seriously, she said there are ‘major problems’ plaguing the economy