Radical Reeves? The chancellor’s mansion tax is a small but brave step forward The high-value council tax surcharge may only raise £400m but it’s the best opportunity for a bigger, fairer tax on wealth
People deriving income solely from state pension won’t be taxed, says chancellor Clarification creates prospect of two-tier system for retirees solely on new state pension and those on private schemes
‘The City can’t be taken for granted’: how banks won over Rachel Reeves JP Morgan and Goldman Sachs to expand UK presence after sector was spared from higher taxes in budget
No 10 dismisses claim that OBR revelations show Reeves misled public about need for tax rises in budget – UK politics live Downing Street brushes off claims that the chancellor misled voters about the state of the public finances ahead of the budget
OBR challenges claims Reeves dropped income tax rise due to rosier forecasts Official forecaster’s chair says chancellor knew about revised predictions well before her budget change of heart
Amid ‘instability and fear’ in Trump’s economy, Americans are cutting holiday spending In addition to rising prices and tariffs, readers cite growing unemployment as a reason not to exchange gifts this year
‘Mortified’ OBR chair hopes inquiry into budget leak will report next week Reuters news agency says it obtained document after visiting URL it predicted file would be uploaded to
Budget tax rises may be ‘fiscal fiction’ as pain delayed for election year, IFS warns Labour MPs welcome scrapping of two-child benefit cap but worry about hefty future tax increases on constituents
The chancellor’s growth mission is missing in action Businesses grumble about lack of ambition and urgency as Rachel Reeves continues to shy away from meaningful tax reform
Starmer says budget did not break manifesto tax pledge – as it happened PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’
Rachel Reeves’s budget creates tax break for rich former non-doms Cap on inheritance tax paid by their offshore trusts will only help those worth more than £83m, say experts
Economists warn budget built on ‘shaky foundations’; December UK interest rate cut looks more likely – as it happened Experts question whether back-loaded tax rises outlined in Wednesday’s budget will really happen
Scientists warn of severe climate-related risks to UK economy and security Experts lay out scale of changes needed in ‘first-of-its-kind national emergency briefing’ in Westminster
‘It was just … meh’: the voters who feel ‘tinkering’ budget let them down Research group More in Common spoke to former ‘blue wall’ constituents unimpressed by ‘chaotic’ U-turns
Keir Starmer says Labour ‘kept to our manifesto’ over budget tax rises PM seeks to rebuff claims government broke its promises while conceding budget ‘asked everybody to contribute’