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The Latest Breaking News from Rachel Reeves

Want to know what’s going right in Britain? Come to the capital, look at the Elizabeth line railway

It’s a ‘can-do’ object lesson for the Treasury. And imagine what such ambition could do for the fortunes of Birmingham, Manchester or Leeds, says author Jonn Elledge

The Guardian - UK

B&Q boss urges Reeves to end tax breaks that favour online Chinese rivals

Plea about ‘de minimis’ rule, which has underpinned the rise of the online specialists Shein and Temu

The Guardian - UK

Blow for Reeves as company hiring plans ‘at record low’ in wake of national insurance hike

Labour chancellor has warned the public that the change they voted for in last summer’s election was ‘never going to happen overnight’

The Independent UK

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Labour should beware Nigel Farage weaponising its part in the cost of living crisis

Autumn budget must address pain of high inflation on hard-pressed UK households as food prices rise

The Guardian - UK

Embattled Rachel Reeves urges public to be patient with Labour on rescuing economy

Labour chancellor has been warned of a £50bn black hole in the government’s finances and that inflation will see consumers hit with higher prices this winter

The Independent UK

Voices: Why Starmer will be back for another stab at welfare cuts

INSIDE WESTMINSTER: Despite the humiliating U-turn on cuts to disability benefits, the prime minister has not given up on reducing ballooning social security spending. Ministers believe they have now found a way to proceed – and how to quash any rebellion, says Andrew Grice

The Independent UK

Revealed: The landlord MPs raking in £830k a year in rent

The register of interests reveals that 83 MPs are also landlords, declaring at least £10,000 in rental income in the past year, while the Labour government pushes through its Renters’ Rights Bill

The Independent UK

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Four Labour cabinet ministers earn rental income, analysis finds

Housing campaigners say government look like hypocrites, with Rachel Reeves among those renting out properties

The Guardian - UK

Labour's plans to tax people's savings accounts explained

New legislation will see workers taxed directly from their pay packets

Evening Standard

UK housebuilders in focus as construction woes cloud outlook

Experts said Persimmon was among the builders fighting issues ‘outside of its control’ in the wider property sector.

The Independent UK

Rachel Reeves gives green light for tax crackdown on savings accounts

Banks will pass details to HMRC before tax is withdrawn straight from paypackets for some people

The Independent UK

Voices: ‘The fairest way’ or a ‘political disaster’? Readers split on whether Reeves should raise income tax

YOUR VIEWS: Our community is split over whether raising income tax is the fairest way to plug Britain’s £50bn budget gap or a risky move that could harm growth and Labour’s political standing

The Independent UK

Voices: Myanmar’s bloody history can point the way to a future free of tyranny

COMMENT: By commemorating the ‘8888’ uprising of August 8 1988 – when Myanmar’s military regime turned its guns on thousands of peaceful protesters – we not only mark the past, but cast new light on the country’s decades-long struggle for freedom, says Benedict Rogers

The Independent UK

Business news live: Rachel Reeves in savings tax crackdown, mortgage lender launches new 3.8% offer

Stock market news and latest business and finance updates from Friday

The Independent UK

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The Guardian - UK

Reeves and Starmer to prepare ground for tax rises in a difficult autumn budget

Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levy

The Independent UK

Dire economic crosswinds mean Rachel Reeves must raise income tax

THE INDEPENDENT VIEW: Editorial: Despite interest rates being brought to their lowest level in more than two years, a combination of meagre economic growth, high government spending and U-turns over proposed welfare cuts has trapped Labour in a fiscal straitjacket. But the chancellor must remember that good policy is good…

The Independent UK

Surge in household costs puts Reeves’s economic growth plan at risk

Labour prime minister Keir Starmer has pledged that plans to be set out in the Budget this autumn will ensure that ‘people feel better off’

Evening Standard

Interest rates: Why have they been cut and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

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Evening Standard

Bank lowers UK interest rates but warns ‘uncertainty’ about future cuts

Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

Evening Standard

Reeves’ Nics hike stunting growth and pushing up food prices, Bank says

Higher labour costs in the food industry and supermarkets have pushed up costs for shoppers, the Bank of England said.

The Independent UK

Voices: Rachel Reeves won’t thank Gordon Brown for his tax advice

COMMENT: By advocating an increase in online gambling levies – not to help close the yawning fiscal gap, but to pay for the scrapping of the two-child benefit cap – the former prime minister has suggested that the moral case for higher spending outweighs the need for fiscal responsibility, says…

The National (Scotland)

UK interest rates slashed to lowest level in two years

UK interest rates have been cut to their lowest level since March 2023, despite the Bank of England predicting a sharp rise in inflation amid…

The National (Scotland)

FACT CHECK: Gordon Brown’s 'worse every day' warning on Scottish child poverty

“Gordon Brown warns child poverty in Scotland is getting 'worse every day' as he calls for UK Government action” ...

Evening Standard

Reeves leaves door open to gambling tax rise in autumn budget

The Chancellor said she was ‘deeply concerned’ about child poverty and the Government is taking evidence in a review of gambling taxes.

The Independent UK

Interest rates cut to 4% as UK inflation picks up

The cut came after the Bank’s rate-setting committee was forced to take a second vote for the first time in its history.

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