They’re highly paid, gaining power and influence — and about to get a reality check on their own personal balance sheets.

By Muvija M and William Schomberg LONDON (Reuters) -British finance minister Rachel Reeves fought back on Thursday against criticism that she was raising the tax burden to a post-World War Two high to fund extra welfare spending and returning the Labour Party to its high-tax,

Legislation on salary sacrifice schemes expected to be introduced in weeks, even though it will not take effect until 2029

Folk in government defiantly and proudly regard this as a truly Labour Budget. Tax rises for good reasons, they argue, as their critics to the Right argue spending, benefits and taxes are out of control. At the heart of this Budget was the chancellor choosing to tax big and spend big.

The head of Britain's fiscal watchdog said on Thursday he would resign if finance minister Rachel Reeves and lawmakers demand it after his agency published details of the government's budget early, moving markets and sparking anger in Parliament.

This surprisingly star studded sci-fi thriller on Netflix is definitely worth checking out before it goes away.

A second independence referendum will not be held if the SNP wins a majority at next year's Holyrood election, Chancellor Rachel Reeves has said. Scottish Finance Secretary Shona Robison accused the Labour minister of an "astonishing display of arrogance".

What the Chancellor’s 3p-a-mile plan means for EV drivers – plus Electric Car Grant and Expensive Car Supplement changes explained