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The Latest Breaking News from Rachel Reeves

Rachel Reeves gambles on £40bn tax rise in her first Budget

With a £40bn hike, Rachel Reeves delivered the highest level of tax increases ever announced in a Budget, but questions remain as to whether her measures will deliver the economic growth she hopes for

The Independent UK

Budget 2024: what it means for you

How the chancellor’s changes to tax, benefits and pensions will affect your personal finances – we look at a range of scenarios

The Guardian - UK

Extra billions for schools in England will be quickly swallowed up, say experts

The roughly £9bn unveiled in budget expected to disappear rapidly due to rising costs and years of underinvestment

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Reeves offers few laughs and no great surprises in budget speech – but austerity it isn’t

The chancellor played to packed Labour benches as the party relished its first budget in 15 years

The Guardian - UK

Historical benchmarks and milestones in Rachel Reeves’ first Budget

Government investment is forecast to reach the highest sustained level since the 1970s.

The Independent UK

NHS receives major Budget boost but ‘lacklustre’ social care settlement will hit councils, experts warn

Government’s Budget settlement for the NHS will not ‘drastically improve care’ this year, experts say

The Independent UK

Reeves uses first Budget to hike taxes, increase borrowing and boost spending

Chancellor Rachel Reeves used Labour’s first budget since 2010 to put extra money into public services but sent taxes to a post-war high.

Evening Standard

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First-year tax rates for petrol, diesel and hybrid cars set to rise following Budget

First-year VED rates will increase by more than double after the announcement.

Evening Standard

Budget 2024: how will Labour’s £40bn tax rises & huge spending plans impact me? ...The Standard podcast

Listen here on your chosen podcast platform.

Evening Standard

Budget 2024 calculator: How will Chancellor Rachel Reeves' statement affect you?

Our ready reckoner calculator will allow you to work out whether you are better or worse off

Evening Standard

Firms ‘set to pass on most of higher tax costs to employees through lower wages’

The Office for Budget Responsibility said it assumes that firms will ‘pass on most but not all of their higher tax costs to employees’.

The Independent UK

What does the Autumn Budget mean for women?

Everything you need to know about Rachel Reeves’ Autumn Budget 2024 and what it means for you

Marie Claire

‘A private jet to, say, California?’: Rachel Reeves’s best budget day jokes

Chancellor poked fun at Rishi Sunak, Kemi Badenoch and Kwasi Kwarteng in a budget tradition

The Guardian - UK

The UK plans to rebuild its crumbling classrooms – but it should take this chance to transform the school environment

Chancellor Rachel Reeves has pledged £1.4 billion to meet a target of rebuilding 50 schools in England a year. The funding boost follows the news of slow progress on the government’s school rebuilding programme. This effort began in 2020 but has been under particular scrutiny since the closure of school…

The Conversation

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The Independent UK

Inflation and mortgage rates elevated by Chancellor’s spending plans, says OBR

Chancellor Rachel Reeves announced almost £70 billion of extra spending each year in her maiden budget.

The Independent UK

Tax calculator: See how Rachel Reeves’ Budget will affect you

Use our Budget calculator to determine whether Reeves’ announcements will leave you better or worse off

The Independent UK

Budget watchdog finds £9.5bn shortfall in previous government’s spending plans

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

The Guardian - UK

What budget 2024 means for your personal finances

How Rachel Reeves’s measures on pensions, income tax, stamp duty and fuel duty will affect UK consumers

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The Guardian - UK

Rachel Reeves goes back to the future with a tax and spend budget

Chancellor heeds calls long made on the left for spending to match other European countries with rise of £70bn a year

The Guardian - UK

OBR says budget unlikely to lift economic growth over next five years

Forecaster says extra spending revealed by Rachel Reeves will give only a short-term lift to economy

Evening Standard

Chancellor: Budget gives Holyrood its largest ever real-terms funding settlement

Rachel Reeves said the Scottish Government will receive an additional £3.4 billion in 2025-26 due to her tax and spending decisions.

The Conversation

What Labour’s first budget means for wages, taxes, business, the NHS and plans to grow the economy – experts explain

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…

Evening Standard

NHS gets £22bn funding boost in Budget – how will it affect hospitals and patients?

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

The Independent UK

Budget 2024: What was missing from Labour’s historic event?

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

The Guardian - UK

Is Reeves still the green chancellor after her budget? Yes … and no

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

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