The Latest Breaking News from Rachel Reeves

Lib Dems leader Ed Davey has Kemi Badenoch ‘s support for Trump shows she doesn’t reflect British values

Rolling coverage of the latest economic and financial news, as investors pile into Trump trades after US election result

Victoria Atkins said the move had ‘consigned family farms and businesses to being sold off and split up as families cannot afford massive tax bills’.

£9.5bn spending gap wasn’t disclosed, ‘which under the law ... they should have done’, says fiscal watchdog

Chancellor Rachel Reeves’ debut budget pledged increases of £22.6 billion in day-to-day spending for the NHS and £3.1 billion in capital spending over the next two years. The increase in day-to-day spending is intended to fulfil Labour’s campaign promise of “40,000 more appointments per week” from their election manifesto.

The Health Secretary also vowed Labour would rebuild hospitals.

Richard Hughes was speaking to a cross-party committee of MPs on Tuesday.

ABF boss George Weston says budget is positive for ‘the least affluent’ but will cost firm ‘tens of millions’ of pounds

A healthy NHS and strong economy depend on healthy people, not just strong public finances. Chancellor Rachel Reeves’ budget was a missed opportunity for the government to get serious about public health by protecting citizens from the leading risk factor for death in the UK: unhealthy food.