Rachel Reeves will seek to fund around £20 billion a year of extra investment in Britain with increased borrowing, it was reported on Thursday. The Chancellor is set to tear up her fiscal rules, to allow her to borrow more long term, while also imposing stricter limits on in year spending.

As your salary is reduced, you pay less income tax and if the money goes to your pension you avoid paying the NI charge that you would have paid had it all gone to your salary. This is because currently there are no NI charges for pension money, while you pay NI on your salary.

EXCLUSIVE: Chancellor Rachel Reeves should think twice if she is thinking of abolishing a saver's ability to benefit from a 25 percent tax free pension allowance, an expert says.

Chancellor Rachel Reeves said she’s reached agreement with all of her UK cabinet colleagues on their spending allocations for next week’s budget, following tensions with some senior ministers over cuts planned for their departments.

Rachel Reeves has promised her first Budget will be an economic "reset" for the UK. The Chancellor said her statement on October 30 will invest in the "foundations of future growth". Ms Reeves was speaking before talks with finance ministers from around the world in Washington DC at the International Monetary Fund (IMF) annual meeting.

British finance minister Rachel Reeves faces a tough task to raise the tax revenues she needs to invest more in public services and new infrastructure in her Oct. 30 budget. With the tax burden at its highest since just after World War Two,

Chancellor Rachel Reeves has hinted at a “challenging” Budget as she prepares to borrow tens of billions of pounds to invest in Britain's crumbling infrastructure. In a new video, posted on X today (24 October),

The Chancellor has promised her first Budget will be an economic “reset” for the UK. Rachel Reeves said her statement next Wednesday will invest in the “foundations of future growth”. Ms Reeves was speaking before talks with finance ministers from around the world in Washington DC at the International Monetary Fund (IMF) annual meeting.

British finance minister Rachel Reeves said she would be presenting her upcoming budget as a chance to reset the country's economy and boost investment when she meets international partners in Washington on Thursday.