Chancellor Rachel Reeves MP will present her first Budget on 30 October after yesterday announcing plans for £22bn of government spending cuts to plug a hole in government finances.

Chancellor Rachel Reeves will today commit the Government to one major fiscal event per year to end “surprise budgets”, which have caused uncertainty for markets and family finances across the country. 

As expected, Rachel Reeves has been appointed Chancellor of the Exchequer in Sir Keir Starmer’s first cabinet, announced after last week's election.

The new 3-year fixed-rate British Savings Bonds - announced by the Chancellor in his Spring Budget - have gone on sale from today offering interest of 4.15% gross/AER.