2 w. ago Cash ISA update as Rachel Reeves confirms ‘worthwhile’ reform

The Chancellor warned saving money could be ‘a disservice to people’

Economics

3 w. ago ‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – UK politics live

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world eventsIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move from welfar...

Politics

3 w. ago Reeves denies welfare cuts will increase poverty amid warning poorest set to be £500 a year worse off – UK politics live

The Resolution Foundation says the UK’s poorest will be £500 a year worse off by the end of the parliament due to the spring statementIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move ...

Events

3 w. ago Rachel Reeves defends benefit cuts and denies further tax rises likely in autumn – UK politics live

Chancellor confirmed welfare cuts of £4.8bn in spring statement, but insisted the priority was to restore stability to the public finances Nick Robinson is interviewing Rachel Reeves on the Today programme now.Q: You promised just one budget a year, but yesterday you had to announce drastic cuts. What’s gone wrong?We’re not at the moment at a position where we want to do anything to escalate these trade wars.Trade wars are no good for anyone. It will end up with higher prices for consumers, pushing up inflation after we’ve worked so hard to get a grip of inflation, and at the same time will make it harder for British companies to export. Continue reading...

Politics

3 w. ago Rachel Reeves' emergency budget was a humiliation and it confirmed what we knew already... Labour isn't working, writes MEL STRIDE

MEL STRIDE: Rachel Reeves' emergency budget was a humiliation. It confirmed what I'm sure many Daily Mail readers knew already: Labour isn't working.

Economics

3 w. ago Rachel Reeves accused of 'balancing books on backs of poor' with Spring Statement benefit cuts

Blaming increased global uncertainty, Rachel Reeves squeezed £4.8billion out of sickness and disability benefits, leaving disabled people, their families and carers to bear the brunt

Politics

3 w. ago Reeves’s benefit cuts to plunge 250,000 people into poverty, government admits

There was outrage as the chancellor announced yet more welfare cuts which are now set to affect 3.2 million families

Politics

3 w. ago PIP claimants with 'fluctuating conditions' to be hit 'profoundly' after Spring Statement

EXCLUSIVE: Chancellor Rachel Reeves confirmed sweeping changes to the welfare system aimed at saving £5billion per annum as daily living element of PIP is to be targeted by the Labour Government

Events

3 w. ago Spring Budget 2025 RECAP: Chancellor Rachel Reeves outlines spending cuts in Spring Statement

Chancellor Rachel Reeves has delivered her Spring Statement, confirming the 2025 growth estimate for the UK has been halved to 1 per cent by the government's official forecaster

Economics

3 w. ago PIP disability benefit change will see 150,000 people lose other DWP payments

Chancellor Rachel Reeves delivered her Spring Statement today where she confirmed major cuts to the welfare bill which will impact up to 3.2 million families by 2030

Politics

3 w. ago Everything you need to know about PIP changes and Universal Credit as Labour slashes £5billion off welfare budget and Rachel Reeves blasts 'broken system' in Spring Statement

Chancellor Rachel Reeves today announced further welfare cuts as she confirmed changes for personal independence payment (Pip) and Universal Credit.

Economics

3 w. ago Reeves’ benefit cuts to plunge 250,000 people into poverty, government admits

An extra 50,000 children will also be left in poverty after the Labour chancellor’s move to slash £5bn from the welfare bill

Politics

3 w. ago Rachel Reeves confirms decision on alcohol price rise in Spring Statement months after implementing 'crushing' tax hikes

The news, although expected, will come as a relief to hard-hit pubs and breweries nationwide struggling after Labour's brutal £25billion tax raid last year.

Economics

3 w. ago Every DWP Universal Credit change confirmed as Rachel Reeves' 'brutal' cuts are slammed

Further cuts to benefits have been announced by the Chancellor in today's Spring statement in which she confirmed financial support for people with health conditions will be frozen for new claimants

Politics

3 w. ago 250,000 more people will face relative poverty after Rachel Reeves’ benefits cuts, DWP says – spring statement live

Department for work and pensions says thousands, including children, will be hit by chancellor’s reforms, as OBR forecasts UK growth to halve in 2025Spring statement 2025: key points at a glanceRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers...

Politics

3 w. ago Key PIP changes from Spring Statement as Rachel Reeves slashes disability benefits

Chancellor Rachel Reeves delivered her Spring Statement to parliament, which featured a raft of benefit cuts. Here is everything you need to know about the proposed changes

Politics

3 w. ago The DWP Universal Credit cut confirmed in Rachel Reeves' Spring Statement

The Chancellor confirmed changes to welfare payments in her address to the House of Commons.

Politics

3 w. ago Spring statement 2025 summary: Key takeaways from benefit cuts to tax crackdowns

As the chancellor was forced to deliver a brutal spring statement due to the flatlining economy, The Independent looks at what cuts Rachel Reeves rolled out

Politics

3 w. ago Spring Budget 2025 LIVE: Chancellor Rachel Reeves outlines spending cuts in Spring Statement

Chancellor Rachel Reeves has delivered her Spring Statement, confirming the 2025 growth estimate for the UK has been halved to 1 per cent by the government's official forecaster

Economics

3 w. ago Rachel Reeves confirms major DWP Universal Credit change that will affect all claimants

Rachel Reeves delivered her Spring Statement to the House of Commons this afternoon.

Politics