The Latest Breaking News from Rachel Reeves

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

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

The former defence secretary criticised the ‘chaos’ he said surrounded Rachel Reeves’s Budget after receiving his knighthood from the Princess Royal.

Chancellor unveils measures that will affect Isas, pensions, and income from dividends, property and savings interest

Modern electric vehicles are transforming the roads with low noise, rapid acceleration and zero exhaust emissions. However, drivers of electric vehicles in the UK will now face a new 3p per mile charge and drivers of hybrid vehicles a 1.5p per mile charge.

Use our Budget calculator to determine whether Reeves’ package of measures will leave you better or worse off

Ditching the policy will result in an estimated reduction of child poverty by 450,000.

Our calculator will help you to work out whether you are better or worse off

Rachel Reeves has announced steep increases in online gambling tax associated with the "highest levels of harm" across the sector. Remote gaming duty will increase from 21% to 40%, while levies on online betting will rise from 15% to 25%. The Chancellor said she was reforming gambling taxes in response…