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The Latest Breaking News from Rachel Reeves

Government must not ruin LISA's huge success story for young savers

Since 2021, the Lifetime ISA has delivered a £1bn net boost to the Treasury with revenues consistently outweighing the cost of government bonuses.

Evening Standard

Sadly, this taxing Reeves Budget does nothing for business or growth

Labour has no ministers with any business experience and appear deaf and unsympathetic to what is required for growth.

Evening Standard

NI minister warns against additional revenue-raising on back of Budget

Gordon Lyons said such measures would target working people in the region who were already being ‘hammered’.

Evening Standard

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Keir Starmer says Labour ‘kept to our manifesto’ over budget tax rises

PM seeks to rebuff claims government broke its promises while conceding budget ‘asked everybody to contribute’

The Guardian - UK

Rachel Reeves rules out independence vote even if SNP wins Holyrood majority

Scottish Finance Secretary Shona Robison said the Chancellor had shown an ‘astonishing level of arrogance’ with the comment.

Evening Standard

Martin Lewis: Income tax freeze 'breaks spirit of Labour manifesto and 1p rise would be less damaging'

In her Budget on Wednesday, Rachel Reeves announced £26 billion of tax rises

Evening Standard

Dreaming of a White Christmas? Met Office reveals long-range forecast up to December 25

The recent cold blast across the UK has sparked discussion around whether the UK will enjoy a white Chrismas this year

Evening Standard

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Reeves’ stealth tax hits low earners harder than ‘sensible’ income tax change, says top think tank

People earning less than £35,000 a year will pay more than if chancellor had raised basic rate by 1p, says Resolution Foundation

The Independent UK

How Does the Salary Sacrifice Work: Updated Rules and Changes as Reeves Releases UK Budget

The 2025 UK Budget confirms a major change to salary sacrifice pensions from April 2029, capping National Insurance exemptions at £2,000. Here's how the new rule works and who it affects.

International Business Times UK

Income tax threshold freeze will hit poorer households harder, experts say

Move will have greater impact on living standards of taxpayers in bottom half of income scale, thinktanks say

The Guardian - UK

This was Rachel Reeves’s ‘live now, pay later’ budget. The big question is: what happens when ‘later’ arrives?

The chancellor can only hope for an upturn in the government’s fortunes before tax increases kick in, says Guardian columnist Larry Elliott

The Guardian - UK

Keeping windfall tax is right thing to do, says Reeves amid concerns over jobs

The Chancellor responded to criticism from the sector and the Scottish Government following her decision to maintain the energy profits levy.

The Independent UK

‘External person’ may have leaked Budget document link, says OBR chief

Contentious Budget was leaked nearly an hour before chancellor was set to announce it

The Independent UK

US banks announce UK expansion projects hours after budget

JP Morgan and Goldman Sachs reveal plans for London and Birmingham as sector is spared tax rises

The Guardian - UK

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The Guardian - UK

‘Mortified’ OBR chair hopes inquiry into budget leak will report next week

Reuters news agency says it obtained document after visiting URL it predicted file would be uploaded to

Evening Standard

The Standard podcast: How will Rachel Reeves' autumn budget affect you?

Listen here on your chosen podcast platform.

Evening Standard

Revealed: £600-a-year average income tax rise for millions with London hardest hit in Reeves Budget

The Chancellor was facing criticism that she was hitting workers with tax rises to pay for more benefits

Evening Standard

Rachel Reeves insists tax on working people kept at ‘absolute minimum’ at Budget

The Chancellor struck a defiant tone, saying: ‘You’re not going to write my obituary,’ a day after her statement.

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Evening Standard

'External person' may have accessed leaked Budget document link, says under-fire OBR chief

OBR chairman Richard Hughes tells Radio 4’s Today: ‘It appears there was a link that someone was able to access - an external person’

The Guardian - UK

Starmer says budget did not break manifesto tax pledge – as it happened

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’

Evening Standard

Flutter warns over earnings hit from Budget gambling tax blow

The Paddy Power owner said the tax raid will impact earnings by around £241.7 million in 2025-26 and £407.9 million in 2026-27.

The Guardian - UK

The two-child limit is abolished at last. Watch out for the narrative that will follow

The right is already in a frenzy about the migrant groups it thinks will benefit – and the budget contained other trade-offs, says Guardian columnist Frances Ryan

International Business Times UK

'You Cannot Treat Our Farmers Like This in Britain': Tax-Protesting Farmers Bring Tractors to the Streets, Get Arrested

British farmers protesting inheritance tax were met with police restrictions and arrests for bringing tractors into central London, as tensions surged over budget changes affecting family farms.

Evening Standard

JPMorgan to build £3 billion mega tower HQ at Canary Wharf in boost for London

Facilities including terraces and roof-tops, wellness spaces, nursing rooms, restaurants and cafés, and bicycle parking spaces.

The Guardian - UK

Thursday briefing: What could the government’s proposals to scrap jury trials mean for democracy?

In today’s newsletter: As pressure mounts to tackle the backlog of almost 80,000 cases, the government is considering sweeping reforms that senior lawyers warn may reshape justice in England and Wales

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