chancellor

Former Chancellor Jeremy Hunt has said there was "much to welcome" in Reeves' suggested reforms, though shadow chancellor Mel Stride has added that Conservatives will be "looking closely at the detail".

The sentencing review is now open for submissions from the public about how the prison system can be improved and will submit findings to the Lord Chancellor by Spring 2025.

UK public sector pension funds are not big enough to generate good returns for British savers, Chancellor Rachel Reeves has told the BBC.

The National Insurance rise, announced by Chancellor Rachel Reeves in her Budget last month, will see the tax employers pay on employees' earnings rise from 13.8% to 15% from April 2025.

The country was plunged into crisis after Chancellor Olaf Scholz, of the Social Democrats, fired the finance minister and coalition partner, Christian Lindner of the Free Democrats, following weeks of internal tensions.