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The Latest Breaking News from Rachel Reeves

Budget ‘missed opportunity’ to tackle rising cost of living – O’Neill

Northern Ireland’s First Minister said instead of ‘real action’ to bring down bills, many will now face higher tax bills in the year ahead.

The Independent UK

Morning Mail: Hong Kong tower block inferno, John Kerry’s advice to Australia, survivor tells of Chilean mountain horror hike

At least 36 dead after fire engulfs high-rise housing blocks; US statesman urges government to use Cop leadership to seal fossil fuels deal

The Guardian - AU

OBR warns Reeves’s budget still leaves public finances in ‘vulnerable’ position

Damaging events could knock finances off course, says Treasury’s independent forecaster as it downgrades growth outlook

The Guardian - UK

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How Rachel Reeves’s budget was leaked 40 minutes early

By the time the chancellor reached the dispatch box, the OBR had accidentally published its verdict in full online

The Guardian - UK

The Guardian view on Labour’s budget: real gains for children and struggling families are a welcome shift

Editorial: Rachel Reeves’s interventions will ease the cost of living and suggest a desire to revive growth and protect public services

The Guardian - UK

‘I’m a landlord - renters will pay the price for Labour’s war on landlords’

Deshal Raja says landlords are an easy target for the government

The Independent UK

Rachel Reeves kicked Sadiq Khan out of her office in major bust up over London funding

Rachel Reeves cut a scheduled meeting with the Mayor of London short after they argued about cash for the capital

Evening Standard

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Has Rachel Reeves broken her manifesto promises with the budget?

Reeves told MPs she had stuck to her pledges. Responding, Kemi Badenoch said the opposite. Who is right?

The Guardian - UK

A budget to save Britain’s finances? More like Operation Save Our Skins

Only 20% of tax rises will go towards making people better off. The vast majority will be spent meeting Labour’s fiscal rules and paying for U-turns, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Budget ‘papers over cracks’, say economists as UK growth forecasts downgraded

The Office for Budget Responsibility also pointed to a worsening short-term picture for inflation and unemployment.

Evening Standard

Millions more dragged into paying higher income tax in Reeves’s £26bn Budget squeeze

Chancellor admits ‘I am asking ordinary people to pay a little more’ as she unveils dozens of tax rises, but finally scraps the much-criticised two-child benefit cap

The Independent UK

OBR’s leak was the only leak Reeves wasn’t responsible for in pre-budget shambles

Chancellor tried a different approach to this budget, revealing all her plans and causing chaos before she even delivered it

The Guardian - UK

‘A bit of a relief’: a City trading floor reacts to Reeves’s budget

After initial chaos caused by OBR leak, London financial traders say markets do not appear to have been upset

The Guardian - UK

Tax, spending and investment: Where the Budget ranks in history

The Government has committed to the longest sustained period of high spending since the Second World War.

The Independent UK

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Evening Standard

Taxi costs in London set to soar as Chancellor announces new tax on minicabs

During her Budget on Wednesday, Rachel Reeves revealed private-hire vehicles from ride-sharing apps such as Uber and Bolt will see 20% VAT added on to journeys

Evening Standard

Budget does not go far enough in public service investment – Stormont minister

Stormont Finance Minister John O’Dowd said Rachel Reeves’ spending plan ‘strengthened the need’ for fiscal devolution in Northern Ireland.

Evening Standard

How will some workers’ pensions be affected by salary sacrifice changes?

Capping salary sacrifice for pension saving has been described as ‘a short-sighted tax grab which will lower pension saving.’

The Conversation

What will the budget mean for economic growth? Experts give their view

Since the election last year, the UK government has said economic growth is its top priority, as a way to improve living standards, cut NHS waiting lists and ease pressure on household finances. But with the Office for Budget Responsibility predicting growth this year to be a below-average 1.5%, it…

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The Independent UK

IFS responds to £150 cut to energy bills pledged in Rachel Reeves’ Budget – will it work?

Some climate campaigners have criticised the move by Rachel Reeves to cut green levies

The Independent UK

Rachel Reeves dodges question on her future after Budget unveiled

Rachel Reeves dodged a question about whether she would still be chancellor at the next general election after unveiling a package of £26bn tax hikes in the Budget.

The Guardian - UK

The budget has averted an immediate crisis for Labour – but the danger is not over yet

Sense of relief among many Labour MPs but chancellor’s broad mix of measures leaves room for things to go wrong

The Guardian - UK

Racing celebrates ‘Axe the Tax’ Budget campaign victory after Reeves spares sport

Racing celebrated its ‘Axe the Tax’ Budget campaign victory on Wednesday after Rachel Reeves left the rate of duty on betting on the sport unchanged

The Independent UK

FM pledges more cash for tackling poverty after Reeves scraps two-child cap

First Minister John Swinney said money freed up by the Chancellor’s announcement would be used to help in the fight against child poverty.

The Independent UK

Stocks rise, pound firms after ‘tolerable’ Budget

Financial markets gave a guarded welcome to Chancellor Rachel Reeves’s plans on Wednesday.

The Guardian - UK

Labour MPs celebrate end of two-child benefit cap in Reeves’s budget

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