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The Latest Breaking News from Rachel Reeves

Use cash freed up by end of two-child cap to cut income tax, Swinney urged

But the Scottish First Minster said he will instead use the £155 million to further act to reduce child poverty in Scotland.

Evening Standard

Starmer says Budget ‘asked everybody to contribute’ to protect public services

The Prime Minister rejected claims the scrapping of the two-child cap had been announced to shore up his own position.

Evening Standard

What does a 'mansion' look like in London? £2m homes that will be liable for Reeves' surcharge from 2028

Under Rachel Reeves’ new “mansion tax”, owners of properties worth more than £2 million will need to pay an annual surcharge on their homes. But what does a £2 million property look like in London today?

Evening Standard

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Adele Roberts praises NHS after ‘concerning’ lump removed from her neck

The presenter said she is ‘proud’ of her ‘wonky’ scar.

Evening Standard

Watch: Reeves stumbles as she’s confronted over broken Labour manifesto promises

Susanna Reid left Rachel Reeves flustered after questioning her on accusations she broke Labour’s manifesto promises in the Budget.

The Independent UK

Did Rachel Reeves break her manifesto pledge on tax? Her own words suggest she did

BUDGET ANALYSIS: The chancellor is using semantics to argue she has not broken her pledge – which will be of little comfort to those whose income tax bill will soar, writes David Maddox

The Independent UK

US banks announce UK expansion in ‘commitment’ to economy post-Budget

JP Morgan Chase has unveiled plans to build a new tower in London’s Canary Wharf.

Evening Standard

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US banking giant to build new Canary Wharf headquarters

Chancellor Rachel Reeves avoided imposing new taxes on the banking sector in her Budget

The Independent UK

Government must not ruin LISA's huge success story for young savers

Since 2021, the Lifetime ISA has delivered a £1bn net boost to the Treasury with revenues consistently outweighing the cost of government bonuses.

Evening Standard

Sadly, this taxing Reeves Budget does nothing for business or growth

Labour has no ministers with any business experience and appear deaf and unsympathetic to what is required for growth.

Evening Standard

NI minister warns against additional revenue-raising on back of Budget

Gordon Lyons said such measures would target working people in the region who were already being ‘hammered’.

Evening Standard

Keir Starmer says Labour ‘kept to our manifesto’ over budget tax rises

PM seeks to rebuff claims government broke its promises while conceding budget ‘asked everybody to contribute’

The Guardian - UK

Rachel Reeves rules out independence vote even if SNP wins Holyrood majority

Scottish Finance Secretary Shona Robison said the Chancellor had shown an ‘astonishing level of arrogance’ with the comment.

Evening Standard

Martin Lewis: Income tax freeze 'breaks spirit of Labour manifesto and 1p rise would be less damaging'

In her Budget on Wednesday, Rachel Reeves announced £26 billion of tax rises

Evening Standard

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Evening Standard

Dreaming of a White Christmas? Met Office reveals long-range forecast up to December 25

The recent cold blast across the UK has sparked discussion around whether the UK will enjoy a white Chrismas this year

The Independent UK

Reeves’ stealth tax hits low earners harder than ‘sensible’ income tax change, says top think tank

People earning less than £35,000 a year will pay more than if chancellor had raised basic rate by 1p, says Resolution Foundation

International Business Times UK

How Does the Salary Sacrifice Work: Updated Rules and Changes as Reeves Releases UK Budget

The 2025 UK Budget confirms a major change to salary sacrifice pensions from April 2029, capping National Insurance exemptions at £2,000. Here's how the new rule works and who it affects.

The Guardian - UK

Income tax threshold freeze will hit poorer households harder, experts say

Move will have greater impact on living standards of taxpayers in bottom half of income scale, thinktanks say

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The Guardian - UK

This was Rachel Reeves’s ‘live now, pay later’ budget. The big question is: what happens when ‘later’ arrives?

The chancellor can only hope for an upturn in the government’s fortunes before tax increases kick in, says Guardian columnist Larry Elliott

The Independent UK

Keeping windfall tax is right thing to do, says Reeves amid concerns over jobs

The Chancellor responded to criticism from the sector and the Scottish Government following her decision to maintain the energy profits levy.

The Independent UK

‘External person’ may have leaked Budget document link, says OBR chief

Contentious Budget was leaked nearly an hour before chancellor was set to announce it

The Guardian - UK

US banks announce UK expansion projects hours after budget

JP Morgan and Goldman Sachs reveal plans for London and Birmingham as sector is spared tax rises

The Guardian - UK

‘Mortified’ OBR chair hopes inquiry into budget leak will report next week

Reuters news agency says it obtained document after visiting URL it predicted file would be uploaded to

Evening Standard

The Standard podcast: How will Rachel Reeves' autumn budget affect you?

Listen here on your chosen podcast platform.

Evening Standard

Revealed: £600-a-year average income tax rise for millions with London hardest hit in Reeves Budget

The Chancellor was facing criticism that she was hitting workers with tax rises to pay for more benefits

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