35 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

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

5 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

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 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

23 h. ago UK Budget LIVE: OBR forecast leaked early in error as SNP claim 'absolute chaos' for Scotland

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 fall out be?

Events

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

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 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 Budget 2025 live: Rachel Reeves delivers £26bn tax rises after OBR leaks plan early

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

26 h. ago Budget 2025 LIVE: Rachel Reeves delivers statement as leak blunder reveals £26billion tax raid

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

Economics

27 h. ago Budget 2025 live: OBR error reveals Rachel Reeves’ full tax plans just minutes before speech

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

Economics

27 h. ago Budget 2025 LIVE: Early release fiasco reveals income tax thresholds frozen for another THREE years in £26billion tax raid

Office for Budget Responsibility increases its forecast for economic growth this year from 1% to 1.5% but downgraded its forecasts for the following four years

Economics

27 h. ago UK Budget LIVE: OBR forecast leaked early in error as Scotland impact revealed

The UK Budget is set to be defining for Sir Keir Starmer and his Chancellor Rachel Reeves - but just how will it be received?

Politics

28 h. ago Budget 2025 live: Rachel Reeves appears with iconic red Budget briefcase ahead of unveiling tax rises and cuts

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