The Latest Breaking News from Rachel Reeves

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…

But a shock rise in dividend tax ‘undermines the drive to increase investing in Britain’, experts warned.

YOUR VIEWS: Our community overwhelmingly feel the Budget prioritises Labour’s political goals over public needs, hitting already-squeezed taxpayers with steep rises while offering little confidence in meaningful economic improvement

Business owners, landlords and EV drivers were hit in the chancellor’s Budget

The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next year

UK chancellor Rachel Reeves has made some significant reforms in her latest budget. Notably, she has committed to easing living cost pressures with widespread energy bill support, higher taxes for the most expensive homes, and axing the two-child cap on certain benefits.