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The Latest Breaking News from Rachel Reeves

Flutter warns over earnings hit from Budget gambling tax blow

The Paddy Power owner said the tax raid will impact earnings by around £241.7 million in 2025-26 and £407.9 million in 2026-27.

Evening Standard

The two-child limit is abolished at last. Watch out for the narrative that will follow

The right is already in a frenzy about the migrant groups it thinks will benefit – and the budget contained other trade-offs, says Guardian columnist Frances Ryan

The Guardian - UK

'You Cannot Treat Our Farmers Like This in Britain': Tax-Protesting Farmers Bring Tractors to the Streets, Get Arrested

British farmers protesting inheritance tax were met with police restrictions and arrests for bringing tractors into central London, as tensions surged over budget changes affecting family farms.

International Business Times UK

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JPMorgan to build £3 billion mega tower HQ at Canary Wharf in boost for London

Facilities including terraces and roof-tops, wellness spaces, nursing rooms, restaurants and cafés, and bicycle parking spaces.

Evening Standard

Thursday briefing: What could the government’s proposals to scrap jury trials mean for democracy?

In today’s newsletter: As pressure mounts to tackle the backlog of almost 80,000 cases, the government is considering sweeping reforms that senior lawyers warn may reshape justice in England and Wales

The Guardian - UK

‘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

Leaders hope budget funding will boost Labour in next year’s Scotland and Wales elections

Scottish Labour’s Anas Sarwar and the Welsh first minister, Eluned Morgan, both face humiliating defeat in next year’s elections, according to polling

The Guardian - UK

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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

‘Struggling to pay the bills’: Britons under pressure react to budget 2025

As they struggle with the cost of living, people weigh up whether Rachel Reeves’s measures will help them

The Guardian - UK

Rachel Reeves hands farmers inheritance tax break

Treasury says concession could be worth £30m next year and £70m a year until 2030

The Guardian - UK

‘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

Jeremy Corbyn slams Labour’s Budget as he issues tax warning

Jeremy Corbyn has accused Rachel Reeves of not going far enough to tax high earners in her Budget.

The Independent UK

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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’

The Guardian - UK

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 Independent UK

Voices: Never mind the backbenchers – this Budget will squeeze working people until it hurts

THE INDEPENDENT VIEW: Editorial: Make no mistake, this was a traditional Labour ‘tax and spend’ budget of the kind not seen since before the days of Tony Blair and Gordon Brown – and while it will please the party, for many it will feel like a kick in the teeth

The Independent UK

Budget ‘missed opportunity’ to tackle rising cost of living – O’Neill

Northern Ireland’s First Minister said instead of ‘real action’ to bring down bills, many will now face higher tax bills in the year ahead.

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The Guardian - AU

Morning Mail: Hong Kong tower block inferno, John Kerry’s advice to Australia, survivor tells of Chilean mountain horror hike

At least 36 dead after fire engulfs high-rise housing blocks; US statesman urges government to use Cop leadership to seal fossil fuels deal

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 Independent UK

‘I’m a landlord - renters will pay the price for Labour’s war on landlords’

Deshal Raja says landlords are an easy target for the government

Evening Standard

Rachel Reeves kicked Sadiq Khan out of her office in major bust up over London funding

Rachel Reeves cut a scheduled meeting with the Mayor of London short after they argued about cash for the capital

The Guardian - UK

Has Rachel Reeves broken her manifesto promises with the budget?

Reeves told MPs she had stuck to her pledges. Responding, Kemi Badenoch said the opposite. Who is right?

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