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The Latest Breaking News from OBR

‘I don’t live in a mansion. It’s a 1930s house’: Richmond residents react to council tax rise

Rachel Reeves’s new council tax surcharge on homes worth £2m or more earns mixed reception in well-heeled London borough

The Guardian - UK

Warning of £20bn timebomb as Reeves switches Send funding in England to education department

Councils welcome move but OBR says it is significant fiscal risk equivalent to 4.9% real fall in spending per pupil

The Guardian - UK

Rachel Reeves’s budget has inflamed, not calmed, Britain’s febrile mood

The chancellor’s statement will be remembered for the many taxes it raised, rather than the big one – income tax – it did not, says Guardian columnist Martin Kettle

The Guardian - UK

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‘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

The Independent UK

Chancellor to face more questions after Budget overshadowed by major leak

The Chancellor’s decisions put Britain on course for a record tax burden as she hiked levies.

The Independent UK

'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

Evening Standard

'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’

Evening Standard

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Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget

Chancellor axes two-child benefit cap and cuts energy bills paid for by mansion tax and freezing tax thresholds

The Guardian - UK

OBR warns Reeves’s budget still leaves public finances in ‘vulnerable’ position

Damaging events could knock finances off course, says Treasury’s independent forecaster as it downgrades growth outlook

The Guardian - UK

How Rachel Reeves’s budget was leaked 40 minutes early

By the time the chancellor reached the dispatch box, the OBR had accidentally published its verdict in full online

The Guardian - UK

The Guardian view on Labour’s budget: real gains for children and struggling families are a welcome shift

Editorial: Rachel Reeves’s interventions will ease the cost of living and suggest a desire to revive growth and protect public services

The Guardian - UK

A budget to save Britain’s finances? More like Operation Save Our Skins

Only 20% of tax rises will go towards making people better off. The vast majority will be spent meeting Labour’s fiscal rules and paying for U-turns, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Budget ‘papers over cracks’, say economists as UK growth forecasts downgraded

The Office for Budget Responsibility also pointed to a worsening short-term picture for inflation and unemployment.

Evening Standard

OBR’s leak was the only leak Reeves wasn’t responsible for in pre-budget shambles

Chancellor tried a different approach to this budget, revealing all her plans and causing chaos before she even delivered it

The Guardian - UK

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The Independent UK

Tax, spending and investment: Where the Budget ranks in history

The Government has committed to the longest sustained period of high spending since the Second World War.

The Independent UK

Stocks rise, pound firms after ‘tolerable’ Budget

Financial markets gave a guarded welcome to Chancellor Rachel Reeves’s plans on Wednesday.

The Guardian - UK

Reeves’s tax-raising budget is crash-landing on an economy that is struggling for growth

Bond vigilantes may be reassured but the jury is out for households and businesses

The Independent UK

Sir Grant Shapps criticises ‘catastrophic’ budget after receiving knighthood

The former defence secretary criticised the ‘chaos’ he said surrounded Rachel Reeves’s Budget after receiving his knighthood from the Princess Royal.

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The Guardian - UK

Online betting firms to pay billions more in UK tax, Reeves confirms

The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next year

Evening Standard

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.

Euronews

UK budget raises taxes by £26bn, gaining investor approval after surprise leak

Britain's Chancellor of the Exchequer Rachel Reeves announced tax-raising measures, including new duties on high-value properties, dividends, and savings, in the state budget presented on Wednesday.

Evening Standard

Pay-per-mile for electric vehicles revealed: Typical EV driver faces paying more than £250 a year

Drivers of battery electric cars will pay 3p per mile from April 2028

The Independent UK

Deputy speaker Nusrat Ghani condemns government after ‘unprecedented’ OBR Budget leaks

IN FULL

The Independent UK

The most chaotic Budget in living memory ends in complete shambles – before it’s even started

NEWS ANALYSIS: The accidental leak of details of Rachel Reeves’ Budget by the Office for Budget Responsibility before she got to her feet was one final bit of chaos for this make-or-break Budget, says political editor David Maddox

Evening Standard

Taxes hiked to ‘all-time high’ by Reeves as growth forecasts cut

More than 1.7 million people will face paying more income tax under the Chancellor’s plans.

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