The Latest Breaking News from Rachel Reeves

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

Analysts warned that the UK manufacturing sector’s recovery remains uncertain

Rachel Reeves used her speech at the Wales Investment Summit to warn against the politics of ‘national retreat’.

A damning report into last week’s Budget leak said the error was the worst failure in the OBR’s 15-year history

Investigation finds organisation’s leadership over many years was to blame for error, and similar breach happened earlier this year

Chancellor Rachel Reeves has delivered her second budget, in which she raised taxes by £26 billion. This will take the UK tax burden to an all-time high of 38% of GDP by 2030-31. But it will also more than double Reeves’ “fiscal headroom” to £22 billion.

The Budget’s ‘soft landing’ triggered the £10.95 million deal, say selling agents Beauchamp Estates

NEWS ANALYSIS: The prime minister’s claim that he always wanted to scrap the two-child benefit cap will cast doubt on his attempt to reassure voters – and his own cabinet colleagues – that he and the chancellor told the truth about tax rises, writes political editor David Maddox

Rachel Reeves has also reportedly been accused of misleading the Cabinet.