10 h. ago What residents of TV's Benefits Street say about Reeves' welfare bonanza: From 'more money is good news' to 'they're getting free money'

So what do today's inhabitants of Benefits Street in Birmingham - 11 years on from that now-infamous documentary - really think of the Chancellor's cash grab?

Economics

21 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

23 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

24 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

37 h. ago With a smirk that says if you work hard and save prudently I'm coming for you, Reeves launches 43 tax rises in spiteful raids on strivers

The Chancellor shattered Labour's manifesto pledges on tax with a £13 billion freeze on income tax and National Insurance thresholds lasting three years.

Economics

39 h. ago Painful choices on welfare still lie ahead for Reeves despite tax rises

OBR sounds alarm on special needs and sickness spending

Economics

40 h. ago Rachel Reeves has condemned us to a doom loop of ever higher taxes, debt and welfare spending. All the experts are saying the same thing about her cruel Budget

Be in no doubt: Rachel Reeves ' second Budget, which will tax the so-called 'working people' of this country until the pips squeak, is condemning us all to an ever-accelerating economic doom loop.

Economics

43 h. ago Tories accuse Reeves of taxing workers to pay for £9bn in extra welfare spending

Half a million families on universal credit will gain an average £5,000 a year each due to abolition of two-child limit

Economics

43 h. ago Reeves launches £26 billion tax raid as welfare spending rises

Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax.

Economics

44 h. ago So much for cutting the benefits bill: Cost of welfare to soar by an extra £16 billion, Budget reveals after Reeves surrendered over two

The Office for Budget Responsibility (OBR) said that Ms Reeves' decision to ease the limit on how many children parents are given money for would add £3.1billion to the bill on its own.

Economics

3 d. ago Fury at 5m Brits paid NOT to work – as Reeves’s Budget will make 10m pensioners pay income tax

FIVE million people are now on benefits with no requirement to work — as Rachel Reeves gets ready to hike taxes to pay for even more welfare spending. The revelation ahead of tomorrow’s Budget sparked claims that Britain is in the grips of a welfare “crisis”. While benefits spiral, it emerged 10 million pensioners could...

Economics

3 d. ago Now Reeves hits prudent savers: As she prepares £15billion welfare splurge, Chancellor is to slash the annual cash Isa from £20,000 to £12,000

In a major blow to millions of hard-working savers, the Chancellor will significantly cut the annual £20,000 cash Isa tax-free allowance to £12,000, it emerged on Monday.

Economics

4 d. ago Chancellor urged to take ‘hard choices’ rather than hit businesses with more tax

CBI boss Rain Newton-Smith called for Rachel Reeves to stand up to opposition to welfare cuts.

Economics

4 d. ago Reeves to launch crackdown on benefit fraud alongside lifting two

Move aims to bring in extra £1.2bn of savings as government seeks to head off criticism over welfare spendingYou be the chancellor: play our budget gameRachel Reeves will launch a fresh crackdown on benefit fraud at the same time as lifting the two-child limit for universal credit at a cost of £3bn, as ministers seek to head off criticism over rising welfare spending in the budget.The chancellor has made the decision to scrap the two-child limit in full, a move that will be welcomed by Labour MPs who have long highlighted its effect on increasing child poverty.Freezing income tax thresholds for an extra two years to 2030, bringing more people into higher tax bands as wages rise.Making salary sacrifice schemes less generous, including those for pension contributions.A pay-per-mile scheme on electric cars to help fill the tax gap from petrol duty as more people opt for green vehicles.Bringing in higher tax on the most expensive properties, including a surcharge on the highest-value ho...

Politics

2 w. ago Fury as four million Brits receive jobless benefits WITHOUT the need to look for work

FOUR million people are receiving jobless benefits without the need to look for work. The number is half the eight million who claim Universal Credit. The Department for Work and Pensions figures heap more pressure on Chancellor Rachel Reeves — months after a welfare shake-up to save £5billion was shelved. Reform UK’s Lee Anderson said:...

Economics

4 w. ago Panicking Reeves 'could cripple economy with 2p income tax hike'

Chancellor Rachel Reeves could effectively torch the Labour manifesto as analysts warn that she needs to fill a black hole in the public finances of up to £50billion.

Economics