Thursday briefing: What you need to know about Rachel Reeves’s plans for the economy

Labour's first budget in 14 years presented a more optimistic outlook than anticipated. Despite acknowledging economic challenges, Chancellor Reeves struck a positive tone, aiming to balance growth and fiscal responsibility. While taxes will increase to their highest level on record, the burden on "working people" will be less severe than expected. Reeves emphasized balancing the books and increasing growth. The budget marks a significant political milestone, potentially shaping the nation's future. Separately, Keir Starmer has urged Tory leadership candidates not to undermine the Southport attack investigation. Spain has experienced devastating flash floods, resulting in at least 95 deaths. Dave Rowntree has criticized the UK's assisted dying law. Canada has accused India's Home Affairs Minister of involvement in murder plots against Sikh separatists on Canadian soil. In the US election, Trump attempted to exploit a gaffe by Biden, who referred to Trump supporters as "garbage."