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.
Alexander McCartney, 26, admitted 185 charges involving 70 children.
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.
Ian Paterson, who was jailed in 2017 for wounding, carried out unapproved ‘cleavage-sparing’ mastectomies on patients.
Experts said Britain’s property sector would be knocked by stamp duty changes, with an ‘overnight’ hike for second-home buyers.
Who are the winners and losers from the Budget?
Horror memorabilia from films including The Thing and Shaun Of The Dead are to be sold at auction.
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.
Chancellor Rachel Reeves said the increase is part of ‘raising the revenue required to fund our public services’.
In her Budget speech to the Commons, Chancellor Rachel Reeves said this is a ‘substantial commitment’.
Chancellor Rachel Reeves will also increase investment as she promised to ‘fix the foundations’ of the economy.
In the first Labour Budget since 2010 – and the first delivered by a woman – Ms Reeves promised to ‘invest, invest, invest’.