Rachel

The government says the tax changes announced by Chancellor Rachel Reeves were needed to stabilise the economy.

Rachel Reeves said there were similarities with the way both the US and UK governments had come to power off the back of voter frustration with the economy.

Chancellor Rachel Reeves announced on Wednesday that the government planned to review the customs treatment of low-value products entering the UK, after retailers complained they were being undercut by overseas rivals.

Rachel Reeves said the airport expansion was vital for kickstarting economic growth and promised to "stop blockers getting in the way of development".

Chancellor Rachel Reeves has signalled the UK could lower tariffs on US car imports as she tries to broker a trade deal with the Trump administration.