Reeves uses first Budget to hike taxes, increase borrowing and boost spending
Chancellor Rachel Reeves used Labour’s first budget since 2010 to put extra money into public services but sent taxes to a post-war high.
Chancellor Rachel Reeves used Labour’s first budget since 2010 to put extra money into public services but sent taxes to a post-war high.
The chairman of the County Councils Network warned authorities had ‘little choice’ but to put up taxes.
Chancellor Rachel Reeves announced almost £70 billion of extra spending each year in her maiden budget.
Rachel Reeves’ Budget on Wednesday afternoon sought to address a ‘black hole’ in finances.
Rachel Reeves said the Scottish Government will receive an additional £3.4 billion in 2025-26 due to her tax and spending decisions.
Rachel Reeves set out £40 billion of tax rises along with major spending commitments as she sought to set the tone for Labour’s term in office.
The strain, known as Clade Ib, emerged in the Democratic Republic of the Congo in August.
Who are the winners and losers from the Budget?
The Office for Budget Responsibility has predicted that UK gross domestic product will grow by 1.1% in 2024.
The outgoing Conservative Party leader was making his final appearance at the despatch box before stepping down.
The Chancellor said pensions passed on would be included in the levy, closing a ‘loophole’ in passing on wealth when someone dies.
Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War.
Ms Harris, the Democratic nominee for president, made the comment to reporters as she prepared to campaign in three states.
Sir Keir Starmer’s comments came amid questions over when the Government knew fresh charges would be brought against the alleged attacker.
Here are the main points from Chancellor Rachel Reeves’ Budget, the first by a Labour government since March 2010.