The Latest Breaking News from Rachel Reeves

SALMAN Rushdie has released an extract from his new novel, his first new work since he was stabbed in the US this summer.

HM Revenue and Customs has said it will close its dedicated taskforce for getting back wrongly-paid-out Covid cash - even though £3.4billion in fraud and mistakes is still outstanding

The shadow chancellor is set to address the Great Northern Conference in Manchester.

In the shadow of the Truss debacle and with hard times ahead, the chancellor faced a ‘politically impossible’ job, according to a former Tory minister. But the party’s morale is at rock bottom

Recession to last until 2024 as taxes climb to highest level since Second World War

Make no mistake, the contents of this financial statement are hitting the ‘just about managing’ middle classes devastatingly hard. No jam in sight anywhere for the JAMs… By freezing the basic and higher rate income tax thresholds until 2028, the Treasury hopes to raise £6 billion, as this stealth tax…

Jeremy Hunt whose Autumn Statement included £24 billion of tax rises

Headlines in traditionally friendly Daily Mail, Sun and Telegraph make for tough reading for chancellor

The country is facing the biggest tax burden for many years with millions being hit in the pockets