The Latest Breaking News from Rachel Reeves

Labour’s first budget in 15 years included a highly anticipated change to the so-called fiscal rules which constrain how much the government can borrow or spend. By relaxing the rules, chancellor Rachel Reeves has opened the door for additional capital spending, much of which has been earmarked for low-carbon investment.

Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies

A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards.

The National Council for Voluntary Organisations said charities across the UK will be forced to make ‘difficult choices’.

Chancellor Rachel Reeves presented Labour’s first budget in 14 years by promising to put an “end to short-termism”.

Chancellor’s clothing choice shrewdly followed fashion footsteps of Thatcher, Harris and 17th-century menswear

Where will Rachel Reeves find billions for a tunnel from Old Oak Common to Euston? Private development is one answer, says Guardian columnist Simon Jenkins

The error may have contributed to the market jitters that were seen in the wake of the Budget

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

Warning from Institute of Directors comes as ratings agency Moody’s says budget will do little to improve growth