Pensions to be brought into inheritance tax scope, says Reeves
The Chancellor said pensions passed on would be included in the levy, closing a ‘loophole’ in passing on wealth when someone dies.
The Chancellor said pensions passed on would be included in the levy, closing a ‘loophole’ in passing on wealth when someone dies.
Regulated rail fares in England will rise by up to 4.6% next year.
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.
Rachel Reeves announced that alcohol duty rates on non-draught products will increase in line with RPI from February next year.
Here are the main points from Chancellor Rachel Reeves’ Budget, the first by a Labour government since March 2010.
Rachel Reeves said air passenger duty will rise, adding up to £2 to the cost of an economy ticket for a short-haul flight.
The fiscal watchdog said inflation is expected to be 2.6% next year, significantly ahead of a previous prediction of 1.5%.
A 17-year-old has been found guilty of the murder of Lianne Gordon, who was shot dead in her own home in east London in December 2023.
Chancellor Rachel Reeves will also increase investment as she promised to ‘fix the foundations’ of the economy.
Two workers were taken to hospital for smoke inhalation following the incident at BAE Systems in Barrow-in-Furness, Cumbria.
In the first Labour Budget since 2010 – and the first delivered by a woman – Ms Reeves promised to ‘invest, invest, invest’.
The drugmaker said sales of Arexvy fell sharply in the third quarter, but cancer and HIV treatments saw a stronger performance.
Rachel Reeves is the UK’s first female chancellor and she will deliver a Labour budget for the first time since Alistair Darling in March 2010.
The retail giant has raised its full-year pre-tax profit guidance by £10 million to £1.01 billion after third-quarter sales jumped 7.6%.
Anthony Volpe hit a grand slam as the Yankees beat the Los Angeles Dodgers 11-4 and made the series 3-1.