73 m. ago Rachel Reeves insists taxes kept at 'an absolute minimum' on workers after backlash

The defiant-sounding Chancellor also defended her position, saying “you’re not going to write my obituary today” after delivering a Budget she was “incredibly proud” of

Economics

1 hour ago How Chancellor Rachel Reeves missed obvious way to kickstart UK economy: a Customs Union with EU

Leaving the EU has cost the UK Government a staggering £90 billion a year in lost tax revenues, according to new research

Politics

1 hour ago Did Labour break their tax manifesto pledge? Martin Lewis gives his opinion

Martin Lewis has revealed whether he thinks Rachel Reeves broke Labour's manifesto pledge on tax.

Politics

2 h. ago 'Ordinary people are paying the price for Rachel Reeves' budget'

In this opinion piece for WalesOnline, Plaid leader Rhun ap Iorwerth argues that Labour has given up on Wales

Economics

2 h. ago Rachel Reeves to rush pensions tax raid into law to reassure markets

Legislation on salary sacrifice schemes expected to be introduced in weeks, even though it will not take effect until 2029

Economics

2 h. 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 h. ago IFS responds to £150 cut to energy bills pledged in Rachel Reeves’ Budget – will it work?

Some climate campaigners have criticised the move by Rachel Reeves to cut green levies

Economics

2 h. ago Britain's biggest stealth tax to cost families £340BILLION with more than 10million paying higher rates

Rachel Reeves this week extended the freeze on income tax thresholds for another three years to help fund extra spending on benefits - hitting millions of working people in the process.

Economics

3 h. ago Graduates to pay more on their student loans as Chancellor Rachel Reeves freezes repayment threshold

By freezing the threshold, more graduates will be pushed into repayment as wage growth increases their salaries

Politics

3 h. ago Labour's new 'mansion tax' sparks fears of 'Big Brother snoopers' marauding the streets to spy on Brits' homes

In her Budget on Wednesday, Chancellor Rachel Reeves said she was introducing a 'high value council tax surcharge' in England for homes worth £2million or more.

Politics

3 h. ago Teachers threaten to go on STRIKE as Rachel Reeves's Budget sparks fears of school cuts after Government vows to prop up councils struggling with spiralling costs of special needs

The National Education Union (NEU) said it will not accept 'the continued underfunding of our schools' or 'another pay cut'.

Events

4 h. ago Rachel Reeves's Budget shows Labour is reversing Tory injustice, Neil Kinnock says

Neil Kinnock, who called for the two-child benefit limit to be scrapped, says the Chancellor's decision to remove the policy is a 'fine way of combatting child poverty and good for the economy'

Politics

4 h. 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

4 h. ago ‘You will be worse off’: Martin Lewis reveals what Rachel Reeves’s Budget will mean for your wallet

The chancellor unveiled £26 billion worth of tax hikes to close a large hole in the public finances

Politics

4 h. ago Teachers threaten to go on STRIKE as Rachel Reeves' Budget sparks fears of school cuts after Government vows to prop up councils struggling with spiralling costs of special needs

The National Education Union (NEU) said it will not accept 'the continued underfunding of our schools' or 'another pay cut'.

Events

4 h. ago Tax calculator: Work out how Rachel Reeves’ Budget will affect your finances

Use our Budget calculator to determine whether Reeves’ package of measures will leave you better or worse off

Economics

4 h. ago Martin Lewis delivers Budget verdict after Rachel Reeves meeting

Martin Lewis has interviewed Chancellor Rachel Reeves about the Budget

Politics

5 h. ago Andy Burnham issues message to Rachel Reeves as he gives budget verdict

The Greater Manchester mayor will be allowed to introduce a tourist tax

Events

5 h. ago Rachel Reeves' Budget verdict as huge child poverty boost but families warned on spending

The much respected Institute for Fiscal Studies has given its verdict on the Budget and warned Labour will struggle to keep to its spending plans ahead of the next general election

Events

6 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