Inflation and mortgage rates elevated by Chancellor’s spending plans, says OBR
Chancellor Rachel Reeves announced almost £70 billion of extra spending each year in her maiden budget.
Chancellor Rachel Reeves announced almost £70 billion of extra spending each year in her maiden budget.
The Government has announced £5 billion for England’s farming budget over the next two years.
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.
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?
Regulated rail fares in England will rise by up to 4.6% next year.
The move was part of guidance given to the King as he prioritises his cancer recovery.
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.
Here are the main points from Chancellor Rachel Reeves’ Budget, the first by a Labour government since March 2010.
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.
Rachel Reeves is the first female chancellor of the exchequer.
In the first Labour Budget since 2010 – and the first delivered by a woman – Ms Reeves promised to ‘invest, invest, invest’.
The Metropolitan Police said two women – one aged in her 40s and another in her 60s – accused each other of affray at Heathrow Airport.
WE ARE approaching 5 November – when American Democracy comes to ‘glorious fruition,’ with the election once more of an old guy as president. And if Donald Trump isn’t elected as president, he is sure to kick up a storm, another bonfire to add to his and America’s vanities. There may be trouble ahead. More civil unrest. Is America coming apart at the seams? Meanwhile the world can only look on aghast as the American presidential electoral process rumbles to its troubling and questionable conclusion.