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The Latest Breaking News from Rachel Reeves

Voices: Labour wants us to live like working people and do whatever working people do – but what exactly is that?

COMMENT: In the lead-up to the election, the definition was purposely rubbery in order to secure votes, writes Sean O’Grady. Now it’s just as vague, to avoid alienating a nation full of cakeists

The Independent UK

Rachel Reeves eyeing VAT hikes on energy bills, SNP claim

LABOUR have “left the door open” to hiking VAT on energy bills and food, the SNP have warned.

The National (Scotland)

OBR boss denies forecast drove welfare cut proposals

Richard Hughes, facing the Commons Treasury Committee, rejected the suggestion the Office for Budget Responsibility’s forecast was now driving policy.

Evening Standard

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Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth

‘Leeds Reforms’ include streamlined accountability for senior bankers and a campaign to get more consumers investing in stock market

The Guardian - UK

Biggest financial reforms ‘in a decade’ to bring risk-taking back into City

Changes include reforming the bank ring-fencing regime and reducing burdensome regulation in the City.

Evening Standard

FTSE 100 touches above 9,000 for the first time

The FTSE 100 Index briefly rose above the record high, hitting 9,016.98 at one stage in morning trading on Tuesday.

Evening Standard

Reeves sets out sweeping reforms to financial sector in search for growth

The changes are ‘freeing up firms to take risks and to drive growth’, Chancellor Rachel Reeves said.

Evening Standard

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Rachel Reeves ripping up the rule book on home loans

IN FULL

The Independent UK

Taxes won’t rise for people on ‘modest incomes’, minister vows

The transport minister said Rachel Reeves will not hit those on ‘around average incomes’

The Independent UK

Rachel Reeves’ mortgage gamble is the move of a chancellor who is running out of options

NEWS ANALYSIS: Plans to get more people on the housing ladder should be applauded, writes David Maddox, but the chancellor must take heed of lessons from the past

The Independent UK

36,000 new mortgages for first-time buyers: What it means for you

New mortgage rules could help up to 36,000 first-time buyers get on the property ladder. Find out if your £30K salary qualifies you for a loan…

The National (Scotland)

Bank of England to ease rules for smaller and mid-sized banks

The Bank also said it will push ahead with the majority of new capital rules at the start of 2027 but will delay part of the proposals.

Evening Standard

Business news live: FTSE 100 hits record milestone, Reeves to address mortgages and pensions in speech

Stock markets updates, plus business and money news on Tuesday

The Independent UK

Rachel Reeves set to bet the house on economic growth by loosening mortgage rules

The chancellor is set to rip up many of the rules brought in after the 2008 financial crash to encourage investors and businesses to take risks again and open up the housing market to thousands more first-time buyers

The Independent UK

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The Guardian - UK

Reeves to say cuts to City red tape will bring trickle-down benefits to households

Chancellor to announce raft of deregulation changes as City regulators move to pare back transparency rules

Evening Standard

Rachel Reeves hails ‘instant impact’ of new mortgage reforms for first-time buyers

Chancellor Rachel Reeves is expected to say on Tuesday that she has placed financial services ‘at the heart of the Government’s growth mission’

The Independent UK

Asylum costs set to take up fifth of UK’s shrunken aid budget, watchdog warns

The Government slashed the UK’s aid budget from 0.5% of gross national income to 0.3% in order to pay for increased defence spending.

Evening Standard

UK cuts stock market red tape in bid to aid Chancellor’s growth plans

The FCA said UK firms will be able to raise cash and list on London stock markets more quickly and easily.

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The Independent UK

Striking doctors have badly misjudged the mood of the nation

THE INDEPENDENT VIEW: Editorial: Since the general election, resident doctors have seen their wages rise by much more than most other working people, with few – if any – commitments to improving productivity

The Independent UK

Voices: If interest rates fall, could the 3 per cent mortgage make a comeback?

COMMENT : The governor of the Bank of England has hinted at a cut in rates thanks to the government’s decision to tax jobs. James Moore shares the welcome news that mortgages will get cheaper – but adds a note of caution

The Independent UK

How mortgage market changes could help first-time buyers onto the property ladder

Stress test rules and lending limits being changed are positives - but a balance still needs to be struck

Evening Standard

Reeves says protections remain for ‘working people’ amid wealth tax speculation

Chancellor Rachel Reeves said the manifesto commitment not to increase income tax, national insurance and VAT still stood.

The National (Scotland)

Rachel Reeves set to ape Margaret Thatcher with bank regulation bonfire

RACHEL Reeves is reportedly set to unveil Margaret Thatcher-style banking reforms in a desperate bid to spark economic growth.

The Guardian - UK

UK politics: Tories’ energy policy shows they are ‘anti-science, anti-jobs, anti-future’ Miliband tells MPs – as it happened

Energy secretary says it is not clear if opposition have any net zero policy

Evening Standard

Tax rises: Freeze on income tax thresholds for millions left on table by Treasury minister Darren Jones

The Government has promised not to raise the ‘headline rate’ of income tax but has left open the possibility of freezing the thresholds for paying the levy

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