The Latest Breaking News from Rachel Reeves

Policy known as ‘fiscal drag’ could bring in as much as £7bn a year after 2028, while dragging workers into paying more tax

Fish and chips owners are ‘hoping to stay afloat’ amid speculation of further tax hikes on the October Budget

Virtually all new Chancellors raise taxes in their first Budget. But few plan to do so by quite as much as Rachel Reeves. The much-vaunted £22 billion fiscal blackhole seems to be growing ever wider, with reports swirling that the Chancellor is seeking to raise up to £40 billion in…

Only around 4 per cent of families have to pay ‘death tax’ under current legislation

Just 5 per cent of all deaths incurred Inheritance Tax in 2022–23

PM meets Biden, Macron and Scholz at pivotal moment for global conflicts

Charities warned cuts proposed by the Tories would have a ‘devastating impact’ on disabled people

Taxes which may rise include National Insurance on employers, capital gains tax, inheritance tax and stamp duty

Exclusive: news comes as figures show a quarter of 11 to 15-year-olds in England have tried vaping