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Taxes, borrowing and spending up in Rachel Reeves’ first Budget

Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War.

Evening Standard

At a glance: Key points from the 2024 Autumn Budget

Here are the main points from Chancellor Rachel Reeves’ Budget, the first by a Labour government since March 2010.

Evening Standard

Fuel duty frozen as Government maintains 5p cut

In her Budget speech to the Commons, Chancellor Rachel Reeves said this is a ‘substantial commitment’.

Evening Standard

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Inflation set to stay above 2% for next four years, says OBR

The fiscal watchdog said inflation is expected to be 2.6% next year, significantly ahead of a previous prediction of 1.5%.

Evening Standard

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

Chancellor Rachel Reeves will also increase investment as she promised to ‘fix the foundations’ of the economy.

The Independent UK

Reeves pledges ‘more pounds in people’s pockets’ after warnings of tough choices

The Chancellor’s Budget is expected to focus on fixing the NHS, growing the economy and making people feel better off.

Evening Standard

Minimum wage to rise 6.7% as Chancellor plots path to ‘genuine living wage’

Wages will rise for 3.5 million workers, but the Low Pay Commission warned businesses were beginning to struggle with large increases.

Evening Standard

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Reeves: Budget will end ‘neglect’ of NHS but turnaround will take time

The Chancellor is expected to pump billions of pounds into the health service.

Evening Standard

Prison population dips 3% as inmates released early to cut overcrowding

there were 85,867 prisoners behind bars in England and Wales on Monday.

Evening Standard

Bus fare cap of £2 to increase to £3 in Budget, Starmer announces

The increase will be announced at Rachel Reeves’ first Budget on Wednesday.

Evening Standard

£2 bus fare cap to increase to £3 in Budget, Starmer announces

The increase will be announced at Rachel Reeves’ first Budget on Wednesday.

The Independent UK

Fertility rate in England and Wales drops to new record low

The average age of mothers remained stable at 30.9, while fathers’ average age increased to 33.8.

The Independent UK

Lando Norris calls Max Verstappen’s driving ‘dangerous’ after title rivals clash

Verstappen received 20 seconds of penalties as Norris closed the gap in the title standings.

The Independent UK

UK woman aiming to be first to row solo from Europe to South America sets off

Zara Lachlan, 21, set off from Lagos in Portugal on Sunday morning.

Evening Standard

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Evening Standard

Man dies after migrant boat deflates in English Channel

The man, who was Indian and aged about 40, was in a boat which left from the town of Tardinghen in northern France, French authorities said.

The Independent UK

Migrant Channel crossings top 29,000 for year so far

More than 500 people made the journey on Thursday, Home Office figures show.

The Independent UK

Police-recorded shoplifting offences in England and Wales hit new 20-year high

Major retailers have raised concerns about the increased cost of thefts.

The Independent UK

Reeves promises ‘reset for our economy’ as she prepares for first Budget

The Chancellor said she will make the UK ‘a rock of economic stability’.

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Evening Standard

Cocaine deaths rise 30% in a year, latest official data shows

Evening Standard

Heathrow expects to handle record 83.8m passengers in 2024

This follows a summer of strong demand, with 30.7 million passengers passing through the west London airport’s terminals between June and September.

Evening Standard

Three migrants dead after boat sinks in English Channel, French coastguard says

A rescue operation was launched on Wednesday off the coast of Calais after a life jacket was spotted in the sea.

Evening Standard

FTSE 100 regains most of its losses after early falls

The UK’s top stock index recovered later in the day after improved predictions for the UK economy by the International Monetary Fund.

Evening Standard

Clive Myrie among presenters hosting BBC’s US election night coverage

The results programme will start at 10.45pm GMT on Tuesday November 5.

Evening Standard

IMF upgrades UK economic growth as elections drive global uncertainty

It came as the financial agency held its forecasts for the global economy steady for 2024, with a slight downgrade for next year.

Evening Standard

NHS care can be a ‘death sentence’ for some patients – Wes Streeting

Ministers have launched a ‘national conversation’ on the future of the service.

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