66 m. ago Mansion tax to wipe £10,000s off value of London homes hit by the new levy in Reeves Budget

One in four homes which will pay the property surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden

Economics

96 m. ago I earn £93,000 and salary sacrifice £620 a month in my pension, what will the cap cost me?

In the Budget the Chancellor announced a future restriction on the National Insurance benefit of salary sacrifice pension contributions. Here's what you need to know.

Economics

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 DWP payment increases in full after PIP, UC and benefit Budget changes

Rachel Reeves announced £15 billion in benefits spending at Wednesday's Budget with increased payments for those receiving Universal Credit, PIP and child benefits

Economics

4 h. ago DWP mum in line for Universal Credit and benefit boost to £2,770 after budget

Wales mum Lisa White says the Budget change will allow her children to finally join after-school activities like football and dancing

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 'How can we believe anything you say?' Susanna Reid confronts Reeves over tax rise broken promises as Chancellor fails to rule out MORE taxes

Chancellor Rachel Reeves was challenged by Susanna Reid on how anyone could 'believe anything you say' as she toured broadcast studios defending her raid.

Events

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 More than 500,000 people in London and South East to be dragged into paying 40% income tax after Reeves Budget

The Chancellor was facing criticism that she was hitting workers with tax rises to pay for more benefits

Economics

7 h. ago Pull the other one, Chancellor! Reeves insists £30bn Budget tax hike was the 'absolute minimum'... despite OBR watchdog downgrade being just £6bn and huge sums going on benefits

Chancellor Rachel Reeves said she 'had' to impose more pain on the country even though the Treasury's own watchdog only told her there was a £6billion hole in the public finances.

Economics

7 h. ago 'You won't write my obituary,' under fire Reeves hits back at critics of her tax and benefits Budget

The Chancellor’s statement put Britain on course for a record tax burden as she hikes levies

Events

8 h. ago Rachel Reeves faces grilling over her 'spend now, pay later' Budget hitting millions with £26bn more in taxes

The Chancellor’s statement put Britain on course for a record tax burden as she hikes levies

Economics

8 h. ago Family to get £2,770 a month in benefits after Budget announcement

Rachel Reeves made the change in her statement on Wednesday

Economics

18 h. ago 'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

Economics

21 h. ago Martin Lewis gives Budget verdict and how new changes will impact your money

Rachel Reeves has announced the changes to this year's Budget, including scrapping the two-child benefit cap.

Economics

23 h. ago DWP benefits rates for 2026 confirmed at Budget, including Universal Credit and PIP increases

DWP benefits increase each year in line with inflation

Economics

23 h. ago Voices: ‘A kick in the teeth’: Readers say Rachel Reeves’ Budget ‘punishes responsibility’

Our community overwhelmingly feel the Budget prioritises Labour’s political goals over public needs, hitting already-squeezed taxpayers with steep rises while offering little confidence in meaningful economic improvement

Politics

24 h. ago ‘A grotesque indignity to women’: Rachel Reeves scraps dehumanising rape clause

Rachel Reeves hit out at the “grotesque” rape clause tied to the two-child cap policy during her Budget speech.

Events

25 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

25 h. ago Rachel Reeves Budget's 10 key points as major benefit and ISA changes explained

Chancellor Rachel Reeves unveils £26bn tax rises including mansion tax on homes over £2m, scrapping the two-child benefit limit, rail fare freeze and minimum wage hike

Politics