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Rachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates

Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates up

Reeves’s tax U-turn: how Labour changed course on budget plans

Chancellor spent weeks preparing the ground for breaking manifesto pledge but events this week appeared to change her mind

‘Eat out to help out’ scheme added to air pollution in London, study finds

Commercial cooking shown to be cause of unusual peaks when policy was operating during pandemic in autumn 2020

Hundreds of thousands to lose heat pump subsidies in Reeves’s budget plan

Exclusive: Supporters say grants largely going to middle-class households, but experts warn move will slow transition from gas boilers

Burberry bosses urge Rachel Reeves to reinstate tax-free shopping for tourists

British luxury brand urges chancellor to pursue ‘progressive policies’ in budget to increase spending sprees by foreigners

Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?

Stronger public finances require stronger economy, but large tax rises and spending cuts could squeeze activity further

UK economy grew by just 0.1% in third quarter after hit from JLR cyber-attack

Figure undershoots forecasts, with Jaguar Land Rover hack helping to pull September GDP down by 0.1%

Labour is standing on a precipice: if it breaks its election promise on tax, it will never be trusted again

Ruling out tax rises in its 2024 manifesto was utterly reckless and will fan the flames of the far right, says Guardian columnist Owen Jones

Rising unemployment could affect budget, interest rates, pay and more

Rachel Reeves will need to avoid depressing economy and hitting jobs while raising billions in extra tax

Rachel Reeves signals plan to remove two-child benefit cap in budget

Chancellor understood to be preparing to fully reverse measure, which would cost over £3bn but could lift 350,000 children out of poverty

The bond market is wrong. Reeves should not cut welfare to placate the City

Keeping the markets on side is the chancellor’s priority but it’s not an easy task given their simplistic, misplaced views on welfare cuts

‘A job is like finding a needle in a haystack’: how Dudley became centre of UK’s youth jobs crisis

Almost one in five school-leavers in West Midlands town are not in education, employment or training and chancellor is under pressure to deliver promised ‘youth guarantee’

Lucy Powell says Labour must stand by promise not to raise key taxes

New deputy leader also calls on government to lift two-child benefit cap urgently and in full

Economic policy is one thing Nigel Farage can’t crib from the Donald Trump playbook

The Maga model, based on the US’s exorbitant market privileges, can’t be imported to Britain. That’s going to be a problem for Reform UK, says Guardian columnist Rafael Behr

Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – as it happened

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax rises

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  • Trump China visit live: ‘US and China should be partners, not rivals’, Xi says after earlier warning on Taiwan
  • GB News should lose its licence, says ex-Sky News editor Adam Boulton
  • Australian retailers on notice over ‘fake discounts’ as Coles braces for record fine after landmark court ruling
  • Labor’s budget will benefit the young – but does little to woo voters drawn to One Nation
  • Reeves seizes on surprise UK growth as evidence Labour leadership must stay
  • Jaguar Land Rover annual profit falls 99% after US tariffs and cyber-attack take toll
  • Reeves warns against risking economic stability with leadership battle, after UK growth beats forecasts in March – as it happened
  • Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on
  • Burberry’s £2,000 Cotswolds handbag hits ‘a sweet spot’ with Americans
  • Hedge fund proposes £1bn buyout of UK’s biggest private hospital operator
  • Privately educated CEOs seen as ‘safer bet’ by investors, study finds
  • War, inflation and Trump’s tariffs have shaken the US. Why does the stock market keep going up?
  • ‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh
  • Coles put commercial interests above its customers – and was caught red-handed
  • ‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again
  • You’ve heard the king’s speech – but I think a better one might run like this
  • WA’s Yindjibarndi traditional owners consider appeal against Fortescue’s $150m record native title payout
  • Court rules Coles misled shoppers with its ‘Down Down’ discount campaign
  • Housing market in England and Wales weakening due to Iran war, say estate agents
  • Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness
  • US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell
  • Milka maker milked shoppers over size of chocolate bars, German court rules
  • Nigel Farage faces inquiry over £5m gift from crypto billionaire
  • The key questions for Nigel Farage over £5m gift from crypto-billionaire
  • Trump mega-donors pause Wisconsin development project, citing economic uncertainty
  • The king’s speech: what is the government’s legislative agenda for the next 12 months?
  • Doris Fisher obituary
  • Global oil inventories falling at record pace amid Iran war; US producer price inflation hits four-year high – as it happened
  • ‘Build it and they will come’: the hopes new life for former lido will revive Weston-super-Mare
  • ‘I don’t think about Americans’ financial situation,’ says Trump amid Iran talks

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