The Latest Breaking News from Rachel Reeves

Watch as Rachel Reeves and treasury ministers answer questions in parliament a week after Sir Keir Starmer said the upcoming October Budget “would be painful”.

Melanie Onn has written to the chancellor asking her to consider measures to ensure older people are ‘not left in the cold this winter’

Rachel Reeves should reform vehicle taxes to fill £5bn ‘black hole’ in revenues, says Campaign for Better Transport

THERE’S no denying that Scotland’s public finances are in perhaps the most challenging state in the entire devolution era.

Successive governments have found the prospect of introducing road pricing to be too politically toxic

Wealthy people are said to be leaving the country or selling up over fears Chancellor Rachel Reeves will hike capital gains tax in the autumn budget

Keir Starmer has warned that things will get worse for the UK before they get better. The prime minister asked the country to accept short-term pain for the long-term good and warned of a tough budget to come in October, blaming the Conservatives for leaving a “black hole” in the…

The PM’s grim rose-garden message hasn’t impressed voters and some MPs fear ‘tough decisions’ show a lack of empathy – and no promise they’ll pay off

Since Labour’s victory the new PM and chancellor have hardly stopped warning us that cuts are on the way. It’s no way to turn a country around