46 m. ago Autumn budget 2025: Live updates as Rachel Reeves insists tax hikes are 'fair and necessary' 

Follow the Daily Mail's liveblog for updates as Rachel Reeves delivers her Budget today and plans to raise taxes to fund handouts worth thousands of pounds to Britain's biggest jobless families.

Society

48 m. ago Budget 2025 LIVE: Chancellor Rachel Reeves to announce tax and spending plans in critical moment for Labour and UK economy

A ‘mansion tax’, income tax threshold freeze extension and pay-per-mile levy for electric vehicle drivers are among the measures the Chancellor is expected to announce today

Economics

51 m. ago £14,000 handouts to 18,000 families: Reeves's Budget will raise taxes to fund benefits windfall for parents of six or more children

Official figures show the Chancellor's Budget plan to scrap the two-child benefit cap will be worth more than £14,000 a year each to 18,000 low-income families with six or more children.

Economics

63 m. ago Reeves faces chorus of condemnation for 'pricing young people out of work': Chancellor's inflation

Rachel Reeves is facing a major backlash after she announced a 'bonkers' inflation-busting minimum wage hike that threatens to push even more young people out of work.

Economics

64 m. 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

1 hour ago The three financial ghosts haunting Rachel Reeves’ crucial Budget

Three issues have fundamentally shaped the UK’s money woes, writes Renaud Foucart of The Conversation

Economics

1 hour ago Financial experts reveal whether increasing income tax or VAT will have ‘least damaging’ impact on economy

Economic analysis has revealed which tax rise will be the better option for the economy

Economics

1 hour ago Rachel Reeves says 'worse than we thought' as she says Budget is 'fair'

The Chancellor said the changes announced today are 'fair and necessary'

Politics

1 hour ago Autumn Budget 2025: Live updates as Chancellor Rachel Reeves prepares to deliver Labour's money grab budget 

Follow the Daily Mail's live blog for updates as Rachel Reeves unveils her second budget today in a bid to fill a £35billion 'black hole' in Labour's finances.

Economics

2 h. ago Rachel Reeves says she is ‘pushing ahead with biggest drive for growth’ ahead of Budget

Scottish Cabinet minister Mairi McAllan welcomes minimum wage rise but warns against ‘piecemeal approach’ from Chancellor

Politics

2 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

2 h. ago Rachel Reeves says public ‘angry at unfairness’ in economy ahead of Budget

The Chancellor said the Government had started to see results in the past year.

Economics

3 h. ago Britons brace for highly uneven impact of Rachel Reeves’ ‘stealth tax’

Use the FT’s interactive calculator to understand how a further freeze to income tax thresholds could affect you

Events

3 h. ago Rachel Reeves urged to cut fuel bills for Scots in 'crucial' cost of living Budget

EXCLUSIVE: Civic Scotland groups want Rachel Reeves to help families heat their homes.

Economics

3 h. ago Rachel Reeves to announce UK Budget after weeks of speculation over tax rises

Reeves told Labour MPs the Budget was "a package, not a pick-and-mix. You can't say you like the cola bottles but you don't like the fruit salad".

Economics

4 h. ago £14,000 handouts to 18,000 families: Rachel Reeves's Budget will raise taxes to fund benefits windfall

Official figures show the Chancellor's Budget plan to scrap the two-child benefit cap will be worth more than £14,000 a year each to 18,000 low-income families with six or more children.

Economics

5 h. ago Rachel Reeves is mocked in AI video game called 'Grand Theft Austerity' ahead of Budget

The video, produced by the same group behind similarly comedic content that lampooned Rachel Reeves and the former deputy Prime Minister Angela Rayner, comes ahead of the Budget.

Politics

6 h. ago SARAH VINE: If Rachel Reeves thinks all her critics are misogynists, how come so many women like me think she's useless?

This lunchtime, all eyes will be on the Chancellor Rachel Reeves as she finally swings the axe.

Politics

7 h. ago Rachel Reeves makes 'fair' promise ahead of Budget despite tax rise fears

She has promised to push ahead and drive growth rather than lose control of public spending

Economics

8 h. ago Reeves vows to make ‘fair and necessary choices’ as Budget day dawns

The Chancellor will aim to grasp the cost of living, and fiscal credibility in her second Budget.

Politics