The Latest Breaking News from Rachel Reeves

Rachel Reeves’s spending plans signal a welcome break with the past and underline the scale of the challenges facing Britain

The Conservatives will only be taken seriously when they are honest about their multiple mistakes in government

Former PM wants to prove a point by staying the course, but other Tories said to be mulling their own early exit

A JOURNALIST has claimed benefits claimants are “parasites” during a TV appearance ...

Editorial: This week’s budget provided an emergency injection of cash for struggling councils. But a bigger vision is needed

Rayner celebrates ‘bold political vision’ of Reeves’ policies, though markets and farmers are less keen

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.