2 w. ago Reeves defends Budget tax and spending choices as ‘fair and necessary’

The Chancellor she had made choices to increase taxes and improve public infrastructure, and had ‘chosen to protect public spending’.

Economics

2 w. ago Keeping windfall tax was 'right choice', insists Anas Sarwar amid industry backlash

The Scottish Labour leader said the move allowed the UK Government to cut energy bills and reduce child poverty

Events

2 w. ago By ending a cruel Tory social experiment, this budget clearly set out how Labour will fight the battle to renew Britain | Lucy Powell

The two-child benefit cap was a totem of 14 years of failed ideology. Now it is goneLucy Powell is deputy leader of the Labour partyYesterday the chancellor, Rachel Reeves, delivered a Labour budget. People have been asking for Labour’s purpose and values to be more clearly expressed. Through the choices made – a shift to a fairer tax system, targeting wealth to pay for tackling child poverty, good public services and the cost of living – we have clearly set out what we stand for.That’s why Labour MPs cheered in the Commons, and it’s why we are up for the fights to come. And it’s why the cries from the right began immediately.Lucy Powell is MP for Manchester Central and deputy leader of the Labour partyDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...

Events

2 w. ago 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.

Politics

3 w. ago Painful choices on welfare still lie ahead for Reeves despite tax rises

OBR sounds alarm on special needs and sickness spending

Economics

3 w. ago Budget 2025 live: Rachel Reeves to unveil billions in tax rises based on ‘fair and necessary’ choices

Chancellor to unveil series of tax hikes to fill black hole in public finances in addition to ditching two-child benefit cap and changes to ISAs in highly anticipated Budget on Wednesday

Economics

3 w. ago Budget 2025 live: Rachel Reeves says tax and spending changes based on ‘fair and necessary’ choices

Chancellor to deliver fiscal statement, billed as decisive moment for fate of Starmer government, at 12.30pmTax, pensions, savings: what to expect in the budgetReeves’s high-stakes budget in five key chartsCould you do better than Reeves? Play our gameYesterday the Metropolitan police said they were not allowing a planned protest in Westminster by farmers to coincide with the budget. Farmers have been protesting regularly about the decision announced in Rachel Reeves’ budget last year to extend inheritance tax to farms.The decision was criticised by the Conservative party, who said originally the Met had indicated the protest would be allowed. Last night Victoria Atkins, the shadow environment secretary, issued a statement saying:It doesn’t smell right, particularly when we think of the regular and frequent protests that are allowed in SW1 which inconvenience motorists, residents and businesses without consideration. Is this to save the chancellor embarrassment ahead of her budget o...

Economics

3 w. ago Chancellor urged to take ‘hard choices’ rather than hit businesses with more tax

CBI boss Rain Newton-Smith called for Rachel Reeves to stand up to opposition to welfare cuts.

Economics

3 w. ago Failure to scrap windfall tax will 'sound death knell' for North Sea oil, Rachel Reeves told

The Chancellor has also been warned to make ‘hard choices” and avoid “death by a thousand taxes” by one of Britain’s biggest business leaders ahead of Wednesday’s announcement.

Events