The Latest Breaking News from Rachel Reeves

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Rachel Reeves’ Budget on Wednesday afternoon sought to address a ‘black hole’ in finances.

For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise…

NHS leaders welcome injection of cash but funding must be matched by delivery

The chancellor confirmed that new tax rises add up to £40bn

The fuel duty freeze angered some but there were boosts for renewable energy and heat decarbonisation

The experts have shared their praises and some reservations on the Reeves’ Autumn Budget.

Rachel Reeves delivered a powerful message to “girls and women” as she became the first female chancellor to deliver the UK Budget on Wednesday (30 October).

Rachel Reeves set out £40 billion of tax rises along with major spending commitments as she sought to set the tone for Labour’s term in office.