42 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

53 m. ago Budget 2025 live: IFS accuses Rachel Reeves of breaking tax manifesto promise in damning Budget verdict

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Economics

65 m. ago Reeves should be more ambitious on tax reform to boost economic growth – IFS

The Institute for Fiscal Studies’ director Helen Miller called on the Chancellor to be more ambitious about measures to boost growth.

Economics

87 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 Budget 2025 live: OBR chief warns Rachel Reeves none of her measures boost growth as chancellor defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Events

3 h. ago Budget 2025 live: Rachel Reeves admits ‘working people will pay more’ but denies breaking manifesto tax pledge

Tory leader Kemi Badenoch brands package of measures ‘a smorgasbord of misery’ and urges chancellor to resign

Economics

5 h. ago ‘Struggling to pay the bills’: Britons under pressure react to budget 2025

As they struggle with the cost of living, people weigh up whether Rachel Reeves’s measures will help themWhat the budget means for people on a range of incomesBudget calculator: find out if you are better or worse offFor Brett and Maria MacDonald, the cost of living has been biting this year, from rising mortgage payments to childcare fees. Living in London with two young children and no extended family nearby, the pair are juggling work with parenting. Continue reading...

Economics

15 h. ago Budget 2025 live: Rachel Reeves raises taxes to record high as economic growth forecast to weaken

Tory leader Kemi Badenoch brands package of measures ‘a smorgasbord of misery’ and urges chancellor to resign

Economics

17 h. ago How to beat Rachel Reeves'  mansion tax: The nine measures that could save you a huge bill

Homeowners with valuable properties will be forced to hand over between £2,500 and £7,500 to the Treasury every year from 2028 in a so-called 'mansion tax' sting.

Economics

17 h. ago What the UK Budget changes mean for your ISAs, savings, and pension

No rabbits were pulled out of the hat by Rachel Reeves in the UK Budget, with widely-trailed measures - such as changes to individual savings accounts (ISAs) and salary sacrifice pension contributions - confirmed by the Chancellor.

Economics

18 h. ago How to beat Rachel Reeves' brutal mansion tax: Our experts reveal the nine simple measures that can save you a huge bill

Homeowners with valuable properties will be forced to hand over between £2,500 and £7,500 to the Treasury every year from 2028 in a so-called 'mansion tax' sting.

Economics

18 h. ago Budget 2025 live: Reeves claims freezing tax thresholds in budget does not breach manifesto pledge

Chancellor says she will not ‘get into semantics’ when questioned on issue after her statementAt a glance: the key points from the budgetHow does freezing income tax thresholds affect you?Paul Nowak, the TUC general secretary, has rejected the concerns raised by the Resolution Foundation (see 9.54am) about the rise in the minimum wage rates. Asked about the thinktank’s comments, Nowak told Times Radio:I don’t accept those concerns ...First of all, that recommendation is based on the Low Pay Commission, which brings together employers, unions, independent experts, they’re tasked with making a recommendation on the minimum wage, which balances getting money into people’s pockets and the impact on unemployment. Continue reading...

Economics

18 h. ago UK Budget RECAP: SNP on 'absolute chaos' for Scotland as Rachel Reeves defends tax rises

The UK Budget was a crucial moment for under-pressure Sir Keir Starmer and his Chancellor Rachel Reeves - the markets seem happy, but what will the ultimate fallout be?

Economics

19 h. ago Budget 2025 live: Rachel Reeves announces £26bn tax rises and scraps two

Tory leader Kemi Badenoch brands package of measures ‘a smorgasbord of misery’ and urges chancellor to resign

Economics

20 h. ago Autumn Budget 2025 live: OBR boss apologises and promises probe after 'deeply disappointing' technical error saw Budget leaked early

Follow the Daily Mail's liveblog for updates as Rachel Reeves delivers her budget after the OBR apologises for 'deeply disappointing' error over Budget leak.

Economics

20 h. ago Budget 2025: What it means for your money from savings to tax and pensions

The Mirror rounds up all the key measures from Rachel Reeves' Budget and how they will affect you and your money

Economics

21 h. ago Budget 2025 live: Rachel Reeves announces £26bn plan for income tax, pensions and ISA cuts after OBR leak

Chancellor unveils series of tax hikes to fill black hole in public finances in addition to ditching two-child benefit cap and changes to ISAs

Economics

21 h. ago Huge change to council tax with four new categories and £7,500 annual charge

Chancellor Rachel Reeves announced the so-called 'mansion tax' measure during Wednesday's Budget speech

Economics

21 h. ago Watch live: Rachel Reeves announces £26bn tax rises as MPs react

Watch live from the Commons after Rachel Reeves delivered her Budget speech on Wednesday (26 November).

Economics

21 h. ago Budget 2025 LIVE: Rachel Reeves unveils £26bn tax raid but cuts energy bills amid leak fiasco

Rachel Reeves calls the blunder by the Office for Budget Responsibility ‘deeply disappointing’ as she delivers Budget

Economics