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The Latest Breaking News on Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

UK politics: Starmer insists pro-growth policies on way after OBR’s budget warnings – as it happened

PM says budget just ‘first step’ after watchdog said measures would make no difference to growth over five years

The Guardian - UK

Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

Evening Standard

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‘Budget not something I want to repeat ever again’ – Reeves

The Chancellor defended her first fiscal announcement and said she does not want to repeat the £40 billion tax rises she implemented.

Evening Standard

Post-budget sell-off of government bonds by worried City traders intensifies, pushing up UK borrowing costs – as it happened

Institute for Fiscal Studies says increasing borrowing to fund investment ‘right thing to do’

The Guardian - UK

At last, a government willing to spend – but this budget will expose it to two great dangers

The good news: more money is on the table. The problems lie around how it will be raised – and who doesn’t stand to benefit, says the Guardian columnist Aditya Chakrabortty

The Guardian - UK

Papers react to Labour’s Budget ‘gamble’

There was a mix of optimism and pessimism with the national papers’ views on Rachel Reeves’s Budget.

Evening Standard

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What the papers say – October 31

The response to the Budget is making the headlines on Halloween.

Evening Standard

Reeves to face scrutiny over Budget that raises taxes, borrowing and spending

The overall tax burden will reach a record 38.3% of gross domestic product (GDP) in 2027-28.

Evening Standard

UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work?

Chancellor’s solutions to improving economy and public services will be a radical change for country

The Guardian - UK

Will Rachel Reeves’s borrow-and-spend Budget actually work?

ANALYSIS: Business will bear the burden of this Budget, so the chancellor must hope it delivers a better economy, says Howard Mustoe

The Independent UK

Impact of inheritance tax on farmers slammed

DUP MP Carla Lockhart said farmers have been dealt ‘potentially a killer blow’.

Evening Standard

Leaderless Tories can’t comment on biggest Budget for three decades

The Tories said the party wouldn’t be making detailed comments on the fiscal event

The Independent UK

Reeves accused of betraying small family firms with inheritance tax rises

Chancellor also criticised for letting the very rich off the hook with a lower than expected rise in capital gains tax

The Guardian - UK

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The Independent UK

Nigel Farage ‘thrilled’ to save ‘over £1 a week’ on beer after Budget

The Reform UK leader said Rachel Reeves had become ‘fund manager of the nation’ after Wednesday’s Budget.

People

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