The Chancellor said pensions passed on would be included in the levy, closing a ‘loophole’ in passing on wealth when someone dies.

Chancellor Rachel Reeves said the increase is part of ‘raising the revenue required to fund our public services’.

Here are the main points from Chancellor Rachel Reeves’ Budget, the first by a Labour government since March 2010.

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.

An announcement that growth deals for the Causeway Coast and Glens and Mid South West regions in Northern Ireland will proceed has been welcomed. Chancellor Rachel Reeves said the deals will proceed ...

The fiscal watchdog said inflation is expected to be 2.6% next year, significantly ahead of a previous prediction of 1.5%.

The Budget “raises taxes” by £40 billion, Chancellor Rachel Reeves has said. Rachel Reeves said the Government would publish ...

Chancellor Rachel Reeves will also increase investment as she promised to ‘fix the foundations’ of the economy.

In the first Labour Budget since 2010 – and the first ever delivered by a woman – Ms Reeves promised to “invest, invest, invest”. She will change the way debt is measured to allow extra borrowing to ...

Rachel Reeves said becoming the first female Chancellor showed young girls there should be “no ceiling on your ambitions”. The Chancellor posed with her ministerial red box outside No 11 ahead of ...

As impressive as the mountain of tries the Krakens have run in this season in Caley North League 2 has been the precious few they have conceded.