24 m. ago Budget 2025 live: IFS warn Rachel Reeves she is ‘disincentivising growth’ after Starmer defends tax rises

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

Events

2 h. ago Starmer says budget did not break manifesto tax pledge and scrapping two

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’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 ...

Economics

2 h. ago Budget 2025 live: Starmer says ‘everyone must contribute’ as he defends Rachel Reeves’ tax rises

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

Economics

2 h. ago State Pension rise leaves retirees just £22 from tax threshold

The Chancellor has confirmed a 4.8% rise in the State Pension with experts warning those on the full rate will breach the tax threshold soon

Economics

3 h. ago Did Rachel Reeves break her manifesto pledge on tax? Her own words suggest she did

The chancellor is using semantics to argue she has not broken her pledge – which will be of little comfort to those whose income tax bill will soar, writes David Maddox

Politics

4 h. 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

4 h. 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

5 h. 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

6 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

7 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

13 h. ago The strivers hit hardest: As Reeves' Budget clobbers workers, the Britons who say it's a 'kick in the teeth' and 'I wish I hadn't bought an EV'

The Chancellor bowed to Left-wing demands and shattered Labour's manifesto pledges on tax with a £13billion freeze on income tax and National Insurance thresholds lasting three years.

Economics

18 h. ago With a smirk that says if you work hard and save prudently I'm coming for you, Reeves launches 43 tax rises in spiteful raids on strivers

The Chancellor shattered Labour's manifesto pledges on tax with a £13 billion freeze on income tax and National Insurance thresholds lasting three years.

Economics

19 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

22 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

23 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

24 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

25 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

25 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

25 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

26 h. ago Autumn Budget 2025 live: Rachel Reeves blames OBR for 'deeply disappointing' error over Budget leak

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.

Politics