The Latest Breaking News from Rachel Reeves

The chancellor’s budget spending increase will largely be absorbed by pre-existing plans, says top thinktank

Use your Isa allowance if you can, hurry up with your property purchase and review your pension provision

Rayner celebrates ‘bold political vision’ of Reeves’ policies, though markets and farmers are less keen

Labour’s first budget in 15 years included a highly anticipated change to the so-called fiscal rules which constrain how much the government can borrow or spend. By relaxing the rules, chancellor Rachel Reeves has opened the door for additional capital spending, much of which has been earmarked for low-carbon investment.

Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies

A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards.

The National Council for Voluntary Organisations said charities across the UK will be forced to make ‘difficult choices’.

Chancellor Rachel Reeves presented Labour’s first budget in 14 years by promising to put an “end to short-termism”.

Chancellor’s clothing choice shrewdly followed fashion footsteps of Thatcher, Harris and 17th-century menswear