The Latest Breaking News from Rachel Reeves

Inflation fell below the Bank of England’s 2% target in September for the first time in three years

The pair spoke on phone after US election to follow up on Trump Tower encounter

The way information is provided to the Office for Budget Responsibility is being changed following issues in March.

The way information is provided to the Office for Budget Responsibility is being changed following issues in March

Rachel Reeves made clear references to increasing money for the Ministry of Defence while announcing the Government’s financial measures.

Before announcing changes to Britain’s tax system in her first budget, Chancellor Rachel Reeves redecorated her own digs. The headline change was swapping a portrait of Nigel Lawson, Margaret Thatcher’s chancellor, with one of Ellen Wilkinson – a trailblazing politician known as “Red Ellen”.

Ministers can still accept gifts but must declare their value in monthly register and ‘show good judgment’

The Chancellor said the Government will make ‘strong representations’ about the benefits of free trade.

The final day of debate on Labour’s first Budget in 14 years is taking place in the Commons.