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The Latest Breaking News from Rachel Reeves

Labour needs £25bn a year in tax rises to rebuild public services, warns IFS

Thinktank says tax increases in budget will be necessary even if Rachel Reeves changes fiscal rules

The Guardian - UK

Sadiq Khan 'confident' of economic 'optimism next spring', warning 'tough Budget' must come first

‘We can't have more austerity. We've had 14 years of austerity,’ London’s mayor has said.

Evening Standard

Reeves mulling national insurance on employer pension contributions

Treasury officials examining potential levy that experts say could raise as much as £17bn for the exchequer

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

The Guardian view on inequality in the UK: what kids can teach us

Editorial: To get a sense of how unfair Britain is, consider the prospects for its children

The Guardian - UK

Don’t indulge the Thames Water whingers next week, prime minister

Labour should stand firm at its investors summit and remind attenders that the UK’s utilities sector is eminently investable

The Guardian - UK

Rough sleeping will soar unless Labour fills £1bn shortfall, charities say

Exclusive: Failure to extend funding risks biggest setback to ending homelessness ‘in recent history’, Rachel Reeves told

The Guardian - UK

HS2 high speed rail line looks certain to run to Euston as No10 stresses it is 'how not if'

Transport Secretary Louise Haigh has given the strongest signal yet that high speed trains will go to Euston rather than stopping at Old Oak Common in west London

Evening Standard

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OPINION - The Standard View: Changes to the fiscal rules come with risk and reward

The concept of “fiscal rules” rarely sets the heart racing. Indeed, voters and far too many politicians are keener on indulging culture war issues. Yet few things could be more fundamental than the framework by which governments tax, spend and, critically, borrow.

Evening Standard

Rachel Reeves’s potential borrowing plan risks repeat of Truss mini-Budget meltdown, warns financial expert

Downing Street dismissed the concerns as the Institute for Fiscal Studies said the prospective borrowing plan is ‘very uncertain’

The Independent UK

Wednesday briefing: Inside Labour’s plan to move the fiscal goalposts – and tackle debt

In today’s newsletter: Rachel Reeves calculates that changing debt rules could help boost the UK economy, but what does it really mean?

The Guardian - UK

Shock analysis shows four in every five pensioners struggling with money will see winter fuel payment cut

Hundreds of thousands of vulnerable pensioners aged 80 or over will miss out on fuel help this year, Age UK estimates

The Independent UK

Reeves to press ahead with plans to borrow billions for investment

Exclusive: Chancellor’s plan to change rules to allow more borrowing comes as cost of government debt rises

The Guardian - UK

Cash alone won’t build Labour’s green future

Letter: A warning from Mark Robinson that a skills crisis could scupper the government’s £22bn carbon capture strategy

The Guardian - UK

How Rachel Reeves might unlock £57 billion at the budget with a ‘simple’ fiscal rule change

Experts have urged the chancellor to consider tweaking a Labour manifesto pledge

The Independent UK

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Evening Standard

OPINION - Rachel Reeves's Budget dilemma just got harder

The financial markets show their teeth

The Guardian - UK

Shein’s UK profits double; Water companies penalised for poor performance; China targets EU brandy – as it happened

Rolling coverage of the latest economic and financial news, as UK gilt yields rise and water companies face paying £157m to customers

The Guardian - UK

Tuesday briefing: Why Sue Gray was ousted – and what it means for No 10

In today’s newsletter: Gray was supposed to help Starmer govern in a structured way. Three months into power and she is already out – what happened?

The Guardian - UK

Building HS2 to Euston and Crewe could pay for itself, analysis finds

Extending high-speed line at both ends would let government charge more for rights to run it, rail leaders say

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news in one place.

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The Guardian - UK

Rachel Reeves to decide by Wednesday whether to change fiscal rules

Move could unlock up to £57bn in additional spending on infrastructure in October’s budget

The Guardian - UK

UK campaigners call for tobacco windfall tax and yearly levy on ‘lethal trade’

Rachel Reeves urged to levy ‘double whammy’ on firms’ £1bn annual profits to fund measures to end smoking

Evening Standard

OPINION - Why is it all going so wrong for Rachel Reeves?

The Chancellor faces scrutiny with her first Budget looming. Questions remain about her strategy and economic plans

The Guardian - UK

Reeves opts to not raise tax on pension contributions in October budget

Public sector unions had warned rise would hurt their members, erasing pay increases government has just agreed

The Independent UK

Pensioner couple suing UK government over losing their winter fuel payment scared to turn on cooker

Peter and Florence Fanning said that pensioners are now being ‘punished’ by the government

The Independent UK

Reeves facing unlikely alliance of private schools, unions and tax experts calling for VAT delay

Anger is growing over Labour’s plans to impose VAT on private school fees midway through the academic year

The Guardian - UK

More than 70 retailers urge Reeves to make 20% cut to business rates

In letter to chancellor, Tesco and M&S are among firms warning tax could result in widespread store closures

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