Rachel Reeves has revealed she was ‘wrong’ to tell voters during the election that no big tax hikes would be needed. It comes just days after the Chancellor announced her first Budget on Wednesday filled with measures welcomed by some and criticised by others,

Kirstie Allsopp has hit out at Chancellor Rachel Reeves as she rushed to champion farmers' rights and hits out at Labour's new 'tractor tax' policies.

The Budget is about the long game on the economy and Reeves believes the current pain is a price worth paying.

The businessman said the decision to tighten inheritance tax relief on business property is an ‘ignorant swipe at aspiration’

Britain's new finance minister Rachel Reeves announced the biggest tax increases in three decades in her first budget on Wednesday, saying she had to repair the country's broken public services with heavy spending.

With a £40bn hike, Rachel Reeves delivered the highest level of tax increases ever announced in a Budget, but questions remain as to whether her measures will deliver the economic growth she hopes for

Reeves announced a £22.6 billion increase in the day-to-day health budget, and a £31 billion increase in the capital budget, which she said is the largest increase in spending – outside the pandemic – since 2010. By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

Farmers are threatening “militant” action after Chancellor Rachel Reeves rejected their plea for a U-turn on a tax hike from the Budget. Treasury minister James Murray and Environment Secretary Steve Reed met with Tom Bradshaw,