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The Latest Breaking News from Rachel Reeves

What the budget will actually mean for you

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

The Independent UK

Rachel Reeves delivers Budget message to ‘girls and women’ as UK’s first female chancellor

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).

The Independent UK

At a glance: the key points from the Budget

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.

Evening Standard

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

U.K. joins Europe in targeting the super-rich with fresh crackdown on foreign wealth, capital gains, and private jets

Rachel Reeves plans to jack up taxes on capital gains and foreign wealth of affluent individuals—although there might be other casualties, too.

Fortune

Reeves goes after employers with young workers the clear winners

The minimum wage for 18 to 20-year-olds will rise 16 per cent to £10 as part of a plan to equalise the rate with older earners

The Independent UK

Voices: A strong performance, chancellor – but you can’t afford another Budget like this

COMMENT: Thanks to some nifty sleights of hand, the chancellor was able to declare that she had not broken any electoral pledges. But will Rachel Reeves’s spending plans revive the government’s floundering fortunes, asks Andrew Grice

The Independent UK

Stamp duty blow to first-time buyers and second home investors

Experts said Britain’s property sector would be knocked by stamp duty changes, with an ‘overnight’ hike for second-home buyers.

The Independent UK

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Budget has 'betrayed' local bike shops, says British retailer association

More money to combat potholes and active travel funding also announced in budget

Cycling Weekly

What was in Rachel Reeves's Budget for Scotland? See the key points

CHANCELLOR Rachel Reeves has laid out a Budget which will see the tax burden reach an historic high, while borrowing increases by an average £32.3…

The National (Scotland)

Charities condemn ‘negative’ language as Reeves vows welfare fraud crackdown

The Government also said it would set out reforms to health and disability benefits in the early part of next year.

The Independent UK

Small business owner considers selling firm amid minimum wage increase

Christina French, founder of an electrical contracting business, fears she will have to sell one of her businesses to make ends meet.

Evening Standard

HS2 will run to London Euston after chancellor commits to funding

Rachel Reeves allocates funds for tunnelling work on high-speed rail link from Old Oak Common to central London

The Guardian - UK

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning

Exclusive: Figures published alongside Budget spark claims UK’s exit from EU is ‘elephant in chancellor’s study’

The Independent UK

Chancellor allocates ‘increase in funding’ for BBC World Service in Budget

A BBC statement said the broadcaster ‘welcomed the funding’.

Evening Standard

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Evening Standard

OPINION - Rachel Reeves's £40bn of tax rises sets up the dividing line for the next election

Ask two Blairites when the New Labour project died, and you might get three different answers. The first is June 2007, when Tony Blair stood down as prime minister. The second is May 2008, when the party ran a class-based (and unsuccessful) campaign at the Crewe and Nantwich by-election. While…

Evening Standard

If anyone needs me I’ll be in Yorkshire, Sunak tells MPs amid California talk

Rishi Sunak made the joke during his final Prime Minister’s Questions exchanges with Sir Keir Starmer.

The Guardian - UK

Is this the budget Britain needs? Our panel responds

In Labour’s first budget for almost 15 years, Rachel Reeves has unveiled tax rises and promises of investment in public services

Evening Standard

The Budget: Winners and losers

Who are the winners and losers from the Budget?

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Evening Standard

NHS cash injection will ‘bring waiting lists down’ – Chancellor

Health officials have welcomed a boost to capital funding to help repair hospitals.

Evening Standard

UK economic growth upgraded this year amid ‘temporary boost’ from spending

The Office for Budget Responsibility has predicted that UK gross domestic product will grow by 1.1% in 2024.

Evening Standard

Euston WILL be the London terminus for HS2, Chancellor Rachel Reeves confirms in Budget

£485m for TfL could bring extra investment in the Tube and DLR

The Independent UK

Alcohol duty rise a ‘hammer blow’ to Scottish whisky, industry warns

The Scottish Whisky Association has accused the Prime Minister of breaking his promise of backing producers ‘to the hilt’.

The National (Scotland)

Stephen Flynn reacts to Labour Budget as 'Scots still paying the price'

LABOUR’S first Budget in 14 years “fails to deliver” the change Scots expected from Keir Starmer, the SNP have said.

Evening Standard

Mortgage rates to rise after Rachel Reeves' tax, borrow and spend Budget, says official forecaster

The Chancellor has clashed with the Tories over whether her Budget would push up mortgage bills

Evening Standard

Budget contains broken promises which will hit working people, Sunak claims

The outgoing Conservative Party leader was making his final appearance at the despatch box before stepping down.

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