Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

Rachel Reeves is announcing plans to freeze income tax thresholds and scrap the two-child benefit cap, alongside changes to cash ISAs and property taxes.

RACHEL Reeves was branded the “country’s worst ever” Chancellor by Kemi Badenoch after a disastrous Budget – as Reform blasts “omnishambles”. The Chancellor

Rachel Reeves calls the blunder by the Office for Budget Responsibility ‘deeply disappointing’ as she delivers Budget

While the Budget did not mention alcohol duty, the leaked OBR report stated alcohol duty receipts were expected to raise £12bn in 2025 and 2026, a 5.1% on 2024/2025. It added receipts were estimated to increase by 3.4% each year following, reaching £14bn by 2030-2031.

Chancellor of the Exchequer Rachel Reeves will deliver her hugely anticipated Budget announcement to the House of Commons in Parliament today. The announcement will begin at around 12.30pm following Prime Minister's Questions.

IFS accuses Rachel Reeves of breaking tax manifesto promise in damning Budget verdict - Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifes

Chancellor Rachel Reeves will finally get to present her Budget to the House of Commons this afternoon. Stay with us for live updates and reaction