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The Latest Breaking News from Rachel Reeves

Thursday briefing: What you need to know about Rachel Reeves’s plans for the economy

In today’s newsletter: They spent weeks bracing the country for ‘tough decisions’, but in Labour’s first budget in 14 years, the chancellor adopted a slightly more optimistic tone

The Guardian - UK

Replacement Bakerloo line trains can be 'explored' thanks to Budget, says Sadiq Khan

Mr Khan said the Budget was ‘the best’ he’d heard as mayor, but critics say he has ‘quietly dropped’ his biggest asks

Evening Standard

At last, a government willing to spend – but this budget will expose it to two great dangers

The good news: more money is on the table. The problems lie around how it will be raised – and who doesn’t stand to benefit, says the Guardian columnist Aditya Chakrabortty

The Guardian - UK

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‘They’ve won me over’: chancellor’s constituents welcome budget

Rises in state pension and minimum wage garner praise from Rachel Reeves’s constituents

The Guardian - UK

Former miners celebrate ‘hard-fought’ win in pension scandal

Rachel Reeves’s budget ended arrangement whereby government took half surplus of pension scheme

The Guardian - UK

Papers react to Labour’s Budget ‘gamble’

There was a mix of optimism and pessimism with the national papers’ views on Rachel Reeves’s Budget.

Evening Standard

Reeves to face scrutiny over Budget that raises taxes, borrowing and spending

The overall tax burden will reach a record 38.3% of gross domestic product (GDP) in 2027-28.

Evening Standard

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Kirstie Allsopp accuses Rachel Reeves of breaking up farms and estates after Budget

TV presenter says inheritance tax of 20% over £1m announced in Budget will stop farmers passing on businesses to children

The Independent UK

Lack of reform to child benefit bad news for single-parent families, says Martin Lewis

Chancellor Rachel Reeves keeps in place system branded ‘unfair’ on single parents earning over £60,000

The Independent UK

Chancellor Rachel Reeves says it would be ‘irresponsible’ to rule out further tax rises

Chancellor Rachel Reeves said it would be “irresponsible” to rule out further tax rises following Labour’s historic budget.

The Independent UK

UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work?

Chancellor’s solutions to improving economy and public services will be a radical change for country

The Guardian - UK

Will Rachel Reeves’s borrow-and-spend Budget actually work?

ANALYSIS: Business will bear the burden of this Budget, so the chancellor must hope it delivers a better economy, says Howard Mustoe

The Independent UK

Rachel Reeves bets on public spending increases in budget winning over voters

Chancellor hopes cash injection for NHS and extra money for public services will make public forgive higher taxes and slow growth

The Guardian - UK

OPINION - Rachel Reeves's Budget ignored London — that may prove a costly mistake

This was a Budget written in London, delivered in London, but almost totally ignored the region that drives the British economy. Rachel Reeves made only one mention of London — about par by recent standards — in her 77-minute speech, compared with five references to Manchester and Scotland, three to…

Evening Standard

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Evening Standard

Impact of inheritance tax on farmers slammed

DUP MP Carla Lockhart said farmers have been dealt ‘potentially a killer blow’.

Evening Standard

Fact check: Budget 2024 claims about National Insurance, bus fares and growth

Round up of fact checks about the Autumn Budget 2024, compiled by Full Fact.

The Independent UK

Leaderless Tories can’t comment on biggest Budget for three decades

The Tories said the party wouldn’t be making detailed comments on the fiscal event

The Guardian - UK

Rachel Reeves didn’t scare the markets. But nor did she impress with a growth plan

Businesses adopt a wait-and-see response as it becomes clear the autumn budget is part of a long-term missionBusinesses react to

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The Guardian - UK

Reeves accused of betraying small family firms with inheritance tax rises

Chancellor also criticised for letting the very rich off the hook with a lower than expected rise in capital gains tax

The Guardian - UK

The Guardian view on Labour’s choices: emphasising a big state amid economic challenges

Editorial: The budget favours increased public spending and taxation, contrasting with Tory austerity. However, there were missed opportunities to address poverty and inequality

The Guardian - UK

Labour wants to reverse decline – but with a big budget comes a big risk

The government knows cynical voters will need to see tangible change in public services and to feel better off

The Guardian - UK

‘That’s two people we won’t hire now’: bosses react to Reeves’s tax rises

Employers say they will be counting costs of budget amid increases to national insurance contributions

The Independent UK

Budget 2024: Key takeaways as Rachel Reeves reveals £40bn in tax hikes

The UK’s first female chancellor Rachel Reeves has announced tax hikes that will raise an eye-watering £40bn in her historic Budget.

The Guardian - UK

Chancellor announces £22.6bn cash injection for NHS in England

Rachel Reeves hails biggest increase ‘outside of Covid’ since 2010 but health experts say patients may not feel impact

The Independent UK

Nigel Farage ‘thrilled’ to save ‘over £1 a week’ on beer after Budget

The Reform UK leader said Rachel Reeves had become ‘fund manager of the nation’ after Wednesday’s Budget.

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