3 h. ago Turmoil in markets blamed on Rachel Reeves putting out mixed messages over tax rises

Bond markets swung wildly in the weeks leading up to the Budget amid speculation over the state of the public finances and Chancellor Rachel Reeves' plans.

Economics

4 d. 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

4 d. 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

4 d. 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 d. ago Made up your mind yet, Rachel? Reeves puts finishing touches to tax hikes in chaotic Budget

Chancellor Rachel Reeves posed for the traditional eve-of-package photos in her study with a chess set visible on the desk.

Economics

7 d. ago Gatwick second runway plans could be SHELVED if Reeves hikes taxes on airline industry, warns airport boss

GATWICK’S boss has warned that plans for a second runway could be shelved if the Chancellor pushes ahead with a hefty business rates hike in tomorrow’s Budget. Stewart Wingate, managing director of UK airports for owners VINCI and GIP, said the £2.2billion expansion would be “put into question” if Rachel Reeves increases taxes on the...

Events

7 d. ago Budget 'will revalue 2.4m homes' to raise council tax AND introduce a 'mansion tax' to fund £15bn benefits splurge including axing of two

Chancellor Rachel Reeves is putting the final touches to another grim package, despite promising just a year ago that she would not be back for more taxes.

Economics

1 week ago Rachel Reeves needs to put cutting household energy bills at forefront of budget

Record View says if the government doesn't bring gas and electricity bills down, voters will wonder if Labour are serious about the cost-of-living crisis.

Economics

2 w. ago 'Reeves is looking terrible. I'm worried for her': Damning verdict of Labour insiders who tell full story of Budget chaos to DAN HODGES, the new money

Today, Rachel Reeves is sitting in the Treasury putting the final touches to her Budget. Or she should be.

Events

3 w. ago Almost 9million pensioners to be hit by Rachel Reeves's income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics

3 w. ago Almost 9million pensioners to be hit by Rachel Reeves' income tax raid as Chancellor 'tells Budget watchdog she will break Labour's manifesto pledge'

The Chancellor has paved the way for fresh levy hikes later this month after she used a Downing Street speech on Tuesday to warn Britons: 'Each of us must do our bit.'

Economics

3 w. ago 2p or not 2p? Rachel Reeves 'tells Budget watchdog she plans to break Labour's manifesto' as Chancellor mulls 'putting 2p on income tax while cutting 2p from National Insurance'

The Chancellor is said to have told the Office for Budget Responsibility (OBR) that a rise in personal taxation is one of the 'major measures' she is planning to announce.

Economics

3 w. ago Susanna Reid and Lorraine Kelly mock Rachel Reeves for 'bonkers' Downing Street Budget speech

Rachel Reeves put Britain on notice for higher taxes saying ‘we will all have to contribute’ to the country’s economic future in a speech on Tuesday

Politics

3 w. ago Brexit, Trump, Covid, the Tories: All the things Rachel Reeves blamed for breaking Labour's promise not to put up your taxes... and the one person she didn't!

The Chancellor refused to recommit to Labour 's manifesto promise not to increase income tax, National Insurance or VAT.

Politics

3 w. ago Rachel Reeves puts UK on notice that tax rises are on the way with Brexit and Trump blamed

Rachel Reeves could become the first UK Chancellor in 50 years to rip up a manifesto commitment not to increase income tax.

Politics