Labour's continuing refusal to do anything meaningful to reverse the terrible and ongoing damage to the UK economy from the Conservatives’ hard Brexit beggars belief, writes Business Editor Ian McConnell.

So there goes another Budget.

In the end, it seemed to pass off relatively peacefully given all the dire warnings and cacophony in the run-up to this latest fiscal event.

Chancellor Rachel Reeves on Wednesday unveiled some major revenue-raising measures to meet Labour’s self-imposed fiscal rules as growth forecasts for 2026 and the following three years were downgraded sharply by the Office for Budget Responsibility.

The reaction from financial markets signalled they were content enough at what had been done.

It was all much less chaotic and dramatic than many people might have expected given all the talk ahead of the Budget about the challenge Ms Reeves was likely to face in filling a fiscal black hole.

And it was great to see Ms Reeves find what is a significant amount of money to end the two-child benefit cap in a major measure aimed at tackling child poverty.

Ms Reeves declared: “We are lifting 450,000 children out of poverty with the end of the two-child limit.”

As well as being absolutely crucial from a societal point of view, this measure is also likely to boost the economy given that people on lower incomes have to spend all or most of their money to live.

The scrapping of........

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