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The Latest Breaking News from Rachel Reeves

Tax hiked and growth downgraded as details of Budget released early

The OBR confirmed Rachel Reeves’ Budget ‘raises taxes by amounts rising to £26 billion in 2029-30’.

Evening Standard

Rachel Reeves says budget will cut living costs after shock OBR leak

Chancellor unveils action on energy bills, rail fares and two-child benefit cap as she reveals £26bn tax rises

The Guardian - UK

Australia will enforce a social media ban for children under 16 despite a court challenge

The Australian government says children under 16 will be banned from social media next month as scheduled despite a legal challenge

The Independent UK

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Live: Reeves asks ‘everyone to make contribution’ in Budget tax threshold freeze

The OBR has apologised after the unprecedented early release of its economic and fiscal outlook document ahead of the Budget.

Evening Standard

Rachel Reeves mocked in fake 'Grand Theft Austerity' AI video game

The parody video depicts the AI chancellor beating up people, and even pigeons, to steal their coins and ‘feel the thrill of fiscal responsibility’

Evening Standard

Rachel Reeves says Labour does not need to raise taxes in Budget in resurfaced clip

Rachel Reeves vowed not to increase taxes in the Budget, a resurfaced clip shared by Kemi Badenoch shows.

The Independent UK

Crisis-hit Your Party rules out co-leadership after Corbyn and Sultana’s public spats

The decision to rule out co-leadership in the short term comes after a turbulent first few months for the party, marred by infighting

The Independent UK

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The Standard Podcast: Labour support in London hits all-time low

Listen here on your chosen podcast platform.

Evening Standard

Simon Harris responds to warning Ireland is budgeting ‘like there’s no tomorrow’

The Irish Fiscal Advisory Council (IFAC) issued the warning a week after Mr Harris became Finance Minister.

The Independent UK

Farage offers legal support to farmers after ‘several arrests’ at tractor protest in Whitehall

The Met Police put down restrictions on tractors in Whitehall due to prospect of ‘serious disruption’ – but protest organisers said it was ‘impossible at this stage to stop farmers coming’

The Independent UK

Watch live: Rachel Reeves announces £26bn tax rises as MPs react

Watch live from the Commons after Rachel Reeves delivered her Budget speech on Wednesday (26 November).

The Independent UK

Farmers bring tractors to Budget day protest despite Met police ban

Police said the decision to ban agricultural machinery from Whitehall had been taken because of ‘serious disruption’ the vehicles may cause.

Evening Standard

Tractors descend on London for Budget protest despite police ban

‘Several arrests’ as convoy of tractors come to capital on Budget Day in protest at the Family Farm Tax, bringing central London traffic to a standstill

Evening Standard

Budget 2025: Income tax rate will not rise, signals minister - but millions of families 'face £1,600 hit'

Chief Secretary to the Prime Minister Darren Jones makes clear the Government has ruled out a manifesto-busting increase in income tax

Evening Standard

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The Guardian - UK

Budget 2025: Reeves claims freezing tax thresholds in budget does not breach manifesto pledge – as it happened

Chancellor says she will not ‘get into semantics’ when questioned on issue after her statement

The Independent UK

Pets At Home eyes ‘urgent’ cost-saving measures as retail profits plunge

The group said cost-cutting would be a key part of its retail revival plan

Evening Standard

Rachel Reeves will announce the Budget today: Here's what to expect

The Standard looks at the measures the Chancellor is expected to announce today

Evening Standard

Reeves acknowledges anger over economic unfairness as she prepares to hike tax

Chancellor Rachel Reeves will deliver her Budget as she battles to turn around the Government’s fortunes.

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Evening Standard

FTSE 100 Live 26 November: Pets at Home profit slides, National Express owner targets cost cuts

Rachel Reeves will today attempt to bridge a fiscal black hole estimated to be between £20 billion and £30 billion.

Evening Standard

Rachel Reeves must avoid a ‘Del Boy Trotter’ Budget

Black hole can’t be filled if there are ‘No income tax, no VAT’ rises

The Independent UK

Budget 2025 live: IFS warn Rachel Reeves she is ‘disincentivising growth’ after Starmer defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

The Guardian - UK

UK borrowing costs fall after early release of budget forecasts – as it happened

OBR forecasts appear to show that chancellor has more than doubled her fiscal headroom to almost £22bn

The Guardian - UK

Wednesday briefing: What may be in – and out – of Rachel Reeves’s ‘hokey cokey’ budget

In today’s newsletter: As the chancellor prepares to deliver one of the most heavily briefed budgets ever, tax rises, the two-child benefit cap and a ‘mansion tax’ are all on the table

The Guardian - UK

Rachel Reeves has many problems. She’s realising that her Brexit bind may be the biggest of all

Brutal economic realities are prompting a shift in Labour’s tone on Europe. But will it dare tell the whole truth about Britain’s predicament, asks Guardian columnist Rafael Behr

Evening Standard

Rachel Reeves says public ‘angry at unfairness’ in economy ahead of Budget

The Chancellor said the Government had started to see results in the past year.

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