23 m. ago Martin Lewis reveals Budget 'wrong move' that will impact millions

Good Morning Britain's Martin Lewis has opened up about what the Budget means for those at home, revealing how the new cash ISA policy will impact those hoping to save

Economics

32 m. ago 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.

Economics

41 m. ago Reeves should have included more tax reform in budget to help growth, IFS thinktank says – UK politics live

Institute for Fiscal Studies director says chancellors continue to ‘shy away from meaningful tax reform that could move the dial’Ask the Guardian your budget questionsShare your views on the new ‘mansion tax’ Budget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any lo...

Politics

81 m. ago Betting giants say Budget tax raid will hurt jobs, close bookies and boost black market

Britain's biggest gambling firms have warned the Budget tax raid on the sector will cost jobs, close high street bookies and strengthen illegal black market operators.

Economics

86 m. ago Reeves dismisses Tory claims of ‘Benefits Street budget’ – UK politics live

Chancellor says 60% of families that will be better off after the two-child limit is scrapped are in workAsk the Guardian your budget questionsBudget calculator: find out if you are better or worse offThe Conservative party is attacking the budget on the grounds that Rachel Reeves is putting up taxes supposedly to fund more spending on benefit claimants. Even though the rationale for this claim is questionable, the Tories were making it before the budget was announced, and Kemi Badenoch firmed it up last night, claiming it was a “Benefits Street budget”.On LBC this morning, asked if the budget meant “alarm clock Britain paying for Benefits Street”, Reeves said she did not accept that. She said 60% of the families that would benefit from the removal of the two-child benefit cap (the most expensive welfare announcement in the budget) were in work.I don’t think children should be punished by this pernicious policy any longer. And the cost to society of this is huge, the cost for counci...

Politics

2 h. ago Good Morning Britain viewers fume over 'unacceptable' Rachel Reeves interview

The Chancellor of the Exchequer, Rachel Reeves, stopped by Good Morning Britain this morning to discuss yesterday's 2025 Budget - however, some viewers weren't happy

Politics

2 h. ago 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.

Economics

5 h. ago Rachel Reeves’s budget has inflamed, not calmed, Britain’s febrile mood | Martin Kettle

The chancellor’s statement will be remembered for the many taxes it raised, rather than the big one – income tax – it did notRachel Reeves’s chancellorship was already balanced on a knife-edge, even before the 2025 budget. After she delivered her second budget statement, it still is. Even more than usual, Wednesday’s speech was full of significant fiscal changes, altered spending commitments and adjusted economic forecasts, most of them accidentally (and, for journalists, conveniently) released a short while in advance by the obviously misnamed Office for Budget Responsibility. Politically, however, almost nothing has changed at all.Reeves arrived in the Treasury last year offering what she, like Keir Starmer, had promised as the Conservative years ebbed: competence, stability and, above all, a focus on economic growth. Her problem, despite her upbeat assessments, is that she has delivered none of them. Nothing about the 2025 budget guarantees any early change in that, however defia...

Politics

8 h. ago ANDREW NEIL: This is a watershed moment in our economic history that will consign Britain to a Lost Decade

In the end it was the old-fashioned Labour tax-and-spend Budget. But it was even worse marked a new era for Britain in which taxes and public spending remain permanently elevated.

Economics

11 h. ago Chancellor to face more questions after Budget overshadowed by major leak

The Chancellor’s decisions put Britain on course for a record tax burden as she hiked levies.

Politics

13 h. ago What does Britain think of the Budget? Brits weigh in on Reeves's raid and share their biggest worries

Electric vehicle owners, pub landlords and the average worker told the Daily Mail today they felt the hardest hit, while others said they were fed up of 'being taxed, taxed, taxed'.

Politics

19 h. ago 'There's no reason to start a business in Britain': Budget delivers another hammer blow for small firms

The Chancellor said she wanted to grow the economy, but founders say the Budget is unlikely to encourage entrepreneurship.

Economics

19 h. ago As France prepares military expansion, how is Europe beefing up its armies?

European nations are rushing to bolster their defences amid Russia threat and uncertainty of US supportFrance will this week become the latest EU country to set out plans to expand its army, with Emmanuel Macron expected to announce on Thursday that military service will be restored – albeit on a voluntary basis – nearly 30 years after the end of conscription.In the face of Russia’s military threat and uncertainty over the US’s commitment to defending its transatlantic allies, Europe is rushing to bolster its defence industry and its deployment capability after radically cutting them back since the cold war. Continue reading...

Events

24 h. ago Red alert! Reeves heads for Commons as she braces to smash tax vows and ramp up benefits in Budget despite admitting Britain is 'angry'

Chancellor Rachel Reeves brandished her red box outside 11 Downing Street as she gears up to impose another scorching round of tax hikes in her big set-piece at 12.30pm.

Economics

25 h. ago Heated Good Morning Britain budget chat interrupted as breaking news stirs up 'awful memories'

A discussion about the budget was rapidly descending into an argument when Susanna Reid was forced to interrupt Good Morning Britain to reveal some devastating news

Politics

27 h. ago Big tax or bust: Reeves admits Britain is 'angry' as she braces to smash vows to 'working people' and ramp up benefits in Budget TODAY

Chancellor Rachel Reeves is gearing up to impose another scorching round of tax hikes in her big set-piece at 12.30pm as she desperately tries to fill a black hole in the finances.

Economics

28 h. ago Rachel Reeves' secret talent, adorable childhood pic and family life

Rachel Reeves, Britain's first ever female Chancellor, will present Labour's second Budget of the parliament at the despatch box on November 26 - here's a rundown on who she is

Society

29 h. ago Rachel Reeves has many problems. She’s realising that her Brexit bind may be the biggest of all | Rafael Behr

Brutal economic realities are prompting a shift in Labour’s tone on Europe. But will it dare tell the whole truth about Britain’s predicament? Rachel Reeves has approached this week’s budget like a reluctant swimmer inching into freezing water, trying to ease the unpleasantness by incremental exposure. The chancellor started paddling delicately around the problem of insufficient revenue at the end of the summer. First, she refused to stand by former insistence that tax rises in last year’s budget would be the last. “The world has changed,” she said.Then, earlier this month, she took a bigger stride into the icy waves. There was a speech promising to “do what is necessary” to fund public services and keep borrowing costs down. Downing Street did not discourage speculation that this meant reneging on Labour’s 2024 manifesto promise not to raise income tax. Too deep! Within 10 days the Treasury had retracted the hint. The manifesto commitment still stood after all. As any cold-water sw...

Politics

49 h. ago GB gambling industry makes £16.8bn in year to March – up 7.3%

The Gambling Commission said the latest annual industry statistics showed the rise was largely driven by online gambling.

Economics

54 h. ago Britain’s Budget woes illustrate the threat to Europe’s social contract

Many governments have not come clean with voters about the growing fiscal strains on the welfare state

Events