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The Latest Breaking News from Rachel Reeves

Labour challenges Badenoch to back billions for public services and tax rises

Rachel Reeves throws down budget gauntlet to new Tory chief as party’s first black leader is congratulated on win

The Guardian - UK

The Observer view: a bold budget that’s the right response to years of neglect

Rachel Reeves’s spending plans signal a welcome break with the past and underline the scale of the challenges facing Britain

The Guardian - UK

Kemi Badenoch’s first task as Tory leader: say sorry to the people for her party’s failings

The Conservatives will only be taken seriously when they are honest about their multiple mistakes in government

The Guardian - UK

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Is austerity over? Will farmers lose out? Six big questions about Rachel Reeves’s budget

The Labour chancellor unveiled lots of plans for long-term investment. But there is plenty of lively debate about the immediate impact

The Guardian - UK

NHS £22.6bn funding boost in England ‘not enough’, warn health experts

The chancellor’s budget spending increase will largely be absorbed by pre-existing plans, says top thinktank

The Guardian - UK

UK budget checklist: what you need to do now to make the most of your cash

Use your Isa allowance if you can, hurry up with your property purchase and review your pension provision

The Guardian - UK

UK politics live: Jenrick gets justice role in Badenoch’s shadow cabinet as Stride and Patel land top jobs

It comes as education secretary Bridget Phillipson announced a rise to university tuition fees

The Independent UK

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Rishi Sunak keen to remain MP after jetting-off jibes, insist friends

Former PM wants to prove a point by staying the course, but other Tories said to be mulling their own early exit

The Guardian - UK

Journalist claims benefits claimants are ‘parasites’ on TalkTV appearance

A JOURNALIST has claimed benefits claimants are “parasites” during a TV appearance ...

The National (Scotland)

The Guardian view on local government under Labour: reviving the civic gospel

Editorial: This week’s budget provided an emergency injection of cash for struggling councils. But a bigger vision is needed

The Guardian - UK

Labour MPs welcome budget that ‘nails colours to the mast’

Rayner celebrates ‘bold political vision’ of Reeves’ policies, though markets and farmers are less keen

The Guardian - UK

Labour has bet big on green industrial policy. But there may be there cheaper ways to net zero

Labour’s first budget in 15 years included a highly anticipated change to the so-called fiscal rules which constrain how much the government can borrow or spend. By relaxing the rules, chancellor Rachel Reeves has opened the door for additional capital spending, much of which has been earmarked for low-carbon investment.

The Conversation

Financial market worries over the UK budget appear to ease

Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies

The Independent UK

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget

A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards.

Evening Standard

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Evening Standard

Budget tax hikes will be ‘devastating’ for charities, body warns

The National Council for Voluntary Organisations said charities across the UK will be forced to make ‘difficult choices’.

The Conversation

Five ways the budget shows Rachel Reeves is thinking long-term more than the Tories ever did

Chancellor Rachel Reeves presented Labour’s first budget in 14 years by promising to put an “end to short-termism”.

The Guardian - UK

‘She knows her history’: why Rachel Reeves wore a pussybow blouse on budget day

Chancellor’s clothing choice shrewdly followed fashion footsteps of Thatcher, Harris and 17th-century menswear

The Guardian - UK

A huge, hideous Canary Wharf by Regent’s Park: this could be the result of Labour’s plan for HS2

Where will Rachel Reeves find billions for a tunnel from Old Oak Common to Euston? Private development is one answer, says Guardian columnist Simon Jenkins

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The Independent UK

OBR error cut £18bn of headroom from Rachel Reeves’ Budget

The error may have contributed to the market jitters that were seen in the wake of the Budget

Evening Standard

Ryanair to cut UK flights by 10% as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

The Independent UK

Ryanair to cut flights by 10% from major UK airports as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

The Guardian - UK

Two-thirds of bosses feel negatively about budget, Reeves is told

Warning from Institute of Directors comes as ratings agency Moody’s says budget will do little to improve growth

Evening Standard

GPs ask Streeting for ‘assurances’ over employers’ national insurance hike

The Royal College of GPs is seeking assurances that practices will be protected like ‘the rest of the NHS and public sector’.

The Independent UK

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget

ANALYSIS : Ignore the comparisons, writes Howard Mustoe – any suggestions that market concerns over Rachel Reeves’s Budget bear any similarity to the chaos that followed Liz Truss’s economic disaster are wide of the mark

The Guardian - UK

Digested week: Crap telly, power naps – oh and I think I may have saved a friend’s life

Also this week, Sunak fails to go out with a bang, while his party can just about be bothered to pick his replacement

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