Rachel Reeves has rejected an alternative proposal to her inheritance tax raid on family farms which farmers across the UK have damned for being “cruel” and warned will spell the end of their sector.The chancellor was confronted over her plans by former Tory minister John Glen during a hearing of the Treasury select committee in parliament,

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

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

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.

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.

Jeremy Corbyn and Zack Polanski give Novara Media their takes on what Rachel Reeves got wrong in the budget. Plus: Kamala Harris deploys Bill Clinton to win over swing voters; and the Israeli government takes aim at Haaretz.

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,