The Latest Breaking News from Rachel Reeves

Pat McFadden also said comments made in the past about the president-elect by Cabinet ministers will not affect their relationship with him now.

Reeves’s budget could slow demand but prices have not fallen significantly since post-pandemic ‘race for space’

M&S will pay an extra £60m in employer national insurance next year, but it can cope. Smaller firms may not

Chancellor tells Treasury select committee ‘we’ve now set the envelope for spending for this parliament’

Rachel Reeves was challenged over the family farm tax during a grilling by MPs on the Commons Treasury select committee

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”.