Defining Budget Escape

Reeves shatters manifesto ‘matrix’ with blockbuster Budget

Like Keanu, the chancellor uncovered a fake reality and valiantly resolved to defeat it

Business - Financial Times - October 30

Departmental spending to increase by only 1.7%, with little going towards tackling poverty at home and overseas

World - Financial Times - October 30

Rachel Reeves’ statement to the House of Commons

World - Financial Times - October 30

The chancellor unveils £40bn in tax rises in her first Budget, with employers set to bear the brunt, but she says it should be a one-off.

Gains may have been locked in too soon in anticipation of a bigger CGT increase

World - Financial Times - October 30

Rachel Reeves must now deliver on her investment plans, or taxes will rise even further

World - Financial Times - October 30

Chancellor Rachel Reeves has announced a raft of changes to taxes and spending in the Budget.

Reactions to the Budget, which saw large rises in both tax and public spending, lead the papers.

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

Rachel Reeves’ tax-raising measures come after she pledged not to be a levy-hiking chancellor

World - Financial Times - October 31

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - October 31