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The Latest Breaking News from Rachel Reeves

UK economy grew despite Trump tariffs causing three-year low in US goods exports – business live

Live, rolling coverage as surprise GDP acceleration in June helps quarterly output beat expectations, while eurozone industrial production slumps

The Guardian - UK

UK economic growth slows amid pressure on business and Trump trade war

The figure was stronger than the 0.1 per cent level widely expected by economists

The Independent UK

UK economy posts surprise 0.3% growth in three months to June

GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion in June

The Guardian - UK

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Starmer ‘set to revive Northern Powerhouse Rail plan’ to boost UK infrastructure

PM will announce details before the Labour Party conference next month

The Independent UK

Reeves pledges to tackle productivity challenge at autumn budget

Labour’s second year in power will be focused on ‘building a stronger economy for a renewed Britain’, the Chancellor said.

Evening Standard

Boosting productivity will be main priority of autumn budget, Reeves says

Exclusive: Chancellor focuses on investment and planning rules as she dismisses talk of tax rises as ‘speculation’

The Guardian - UK

In our first year Labour fixed the foundations – now we must build a stronger economy for a renewed Britain

Labour is reversing a decade of stagnation and we’re making progress on wages, jobs and trade. But there is more to do, says Rachel Reeves, chancellor of the exchequer

The Guardian - UK

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The Guardian view on inheritance tax rises: to win the argument, ministers must build the case on fairness

Editorial: IHT is unpopular, but voters can be persuaded if the argument is about levelling life chances for young people

The Guardian - UK

Voices: Labour can’t hit ‘working people’, so now they’re after people who used to work

COMMENT: Whatever weasel words they may use to justify any changes to inheritance tax, the message is clear: you’re better off not making money under Labour, because they will get you in the long run, writes Chris Blackhurst

The Independent UK

Why the UK’s bank ringfencing doesn’t need large-scale reform

Rachel Reeves would do well to drop her ‘boot on the neck’ inflammatory language and err on the side of caution

The Guardian - UK

Labour to revive Northern Powerhouse Rail project

Starmer and Reeves expected to announce move before Labour conference, with aim of boosting backbench morale

The Guardian - UK

UK Jobs Market Slows: Fewer Vacancies, Rising Costs — and Tougher Times Ahead for Jobseekers?

In the UK, vacancies fell by 5.8% between May and July this year, down to 718,000, marking the lowest level since 2021 outside of the pandemic.

International Business Times UK

Rachel Reeves looking to tighten inheritance tax rules as Chancellor scrambles to fix UK's ailing finances

The Chancellor is examining whether to harden the rules on the gifting of money and assets ahead of the Autumn Budget

Evening Standard

Inheritance tax changes under consideration amid spending gap concerns – reports

Government U-turns over winter fuel payments and welfare reform have left Chancellor Rachel Reeves with a multibillion-pound fiscal shortfall.

Evening Standard

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The Independent UK

Keir Starmer ‘plans rise in inheritance tax’ to ease debt crisis

Critics see inheritance tax, charged on estates valued at more than £325,000, as being a wealth tax in all but name

The Guardian - UK

Treasury targeting inheritance tax reforms to help plug UK deficit

Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budget

The Guardian - UK

Conservatives not close to recognising ‘how badly placed they are’, says Gauke

Former minister says Tories are ignoring heartland voters and risk losing ground to Reform in next election

Evening Standard

London suffers worst unemployment rate in UK as Chancellor admits 'more to do' on jobs

Some 6% of Londoners are unemployed while one in five are classed as economically inactive, according to the latest statistics

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Evening Standard

Northern Ireland ‘absolutely crucial’ for UK’s growth prospects – Chancellor

Rachel Reeves made her first trip to the province as Chancellor, visiting the filmmaking facilities at Studio Ulster in Belfast.

Evening Standard

Axing public notices will threaten local democracy, Cleverly tells Rayner

Sir James Cleverly has demanded the Government share its assessments of how the move would hit local newspapers.

Evening Standard

Reeves concedes Government has ‘more to do’ as unemployment at four-year high

The Chancellor insisted Labour had been ‘creating more jobs’ since entering office despite vacancy numbers declining over the last quarter.

The Guardian - UK

Rising job losses and cooling wage growth pose a challenge for Rachel Reeves

The rise in NICs, Trump’s tariffs and weak consumer spending have hit firms but there are crumbs of comfort for the chancellor

The Guardian - UK

Both left and right agree taxes must rise. Time for Labour to get creative

The faux row will be ear-splitting whether Reeves takes a lot or a little. Scepticism about a wealth tax is rising, but there are many ways to skin fat cats, says Guardian columnist Polly Toynbee

The Independent UK

Voices: Recruitment is in a doom loop – there’s only one thing for it, chancellor…

COMMENT : As a KPMG study lays bare years of falling job openings, and with the unemployment figure refusing to shrink, Britain’s bosses are stuck in hiring limbo that only Rachel Reeves can get them out of, says James Moore

The Fashion Central

Rachel Reeves Faces Political Firestorm as Massive Tax Hikes Loom Over Britain

With a £50B budget gap and few options left, Rachel Reeves may have to raise politically toxic taxes, risking rebellion from her own party and furious voters.

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