Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
David Hughes

Reeves hikes taxes by £40bn to address ‘black hole’ in public finances

Rachel Reeves Black Hole Economy

Chancellor Rachel Reeves set out a Budget which will hike taxes by £40 billion as she promised to “fix the foundations” of the economy and repair the public finances.

In the first Labour budget since 2010 – and the first ever delivered by a woman – Ms Reeves promised to “invest, invest, invest”.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
A$AP Rocky Makes Cheeky Rihanna Confession After Son Riot Joins Him on Stage
A$AP Rocky said his three-year-old son Riot 'stole' a moment during the rapper's Copenhagen tour performance, after Rihanna brought the toddler on stage at the Royal Arena.
International Business Times UK
International Business Times UK
For centuries, bird migration was a mystery – a tech revolution is changing that, and could help save these amazing creatures
For more than 2,000 years, scientists have scratched their heads over one of the most basic mysteries of the natural world: Where do birds go?
The Conversation
The Conversation
The Elizabeth Holmes Documentary You Can See Everything Is an Act of Radical Empathy
The high-concept documentary from Nathan Fielder and Lance Oppenheim offers surprising generosity to a Big Tech villain without fully excusing her crimes.
Reason
Reason
Women just want to work out in peace. Why all the thigh-rubbing lechery?
On Saturday Night Live last week, comedian Shane Gillis made a pathetic ‘joke’ about the clothes women wear to the gym. It was puerile – but also pernicious, writes Emma Beddington
The Guardian - UK
The Guardian - UK
‘He’s terrified, panicked, can’t sleep’: the tragic, lonely death of Beatles manager Brian Epstein
Spandau Ballet’s Gary Kemp paid £10k at auction for Epstein’s address book. He then used it to co-author a thrilling account of the swinging 60s – and an intimate portrait of a tormented man whose life was unravelling
The Guardian - UK
The Guardian - UK
Qianlong vase found in Cornish property brochure sells at Sotheby’s for £304,800
A large imperial porcelain vase, standing thirty-seven centimetres tall and made for the Qianlong emperor, passed down through a single English family before arriving at Sotheby's. Estimated at between £100,000 and £200,000, it sold in November 2025 for £304,800, comfortably above the top end of the estimate. Its story combines…
The Times of India
The Times of India
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play