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The Latest Breaking News from Rachel Reeves

Thursday briefing: Keir Starmer is ready to make concessions on his welfare reform bill – will they be enough?

In today’s newsletter: The number of MPs supporting an amendment to the bill could lead to a decisive defeat

The Guardian - UK

OPINION - Avoiding inheritance tax, Michael Eavis? That’s rich!

Jeremy Corbyn-loving Michael Eavis calls himself a socialist — so why does he want to pay less tax?

Evening Standard

Universal theme park deal secured with UK pledge to spend £500m on transport

Attraction at site of former brickworks in Bedford could boost UK economy by £50bn and create 28,000 jobs

The Guardian - UK

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Voices: Faced with a growing Labour rebellion against welfare cuts, Keir Starmer has one least-worst option left

COMMENT: The prime minister has belatedly been making the case for benefit reform and changes to PIP payments to calm his mutinous backbenchers – but, a year on from his historic election win, it risks becoming an issue of confidence in his leadership, says Andrew Grice

The Independent UK

Scottish Widows owes it to the UK taxpayer to invest in British companies

The pension giant plans to cut its exposure to UK equities from 12% to 3%

Evening Standard

Bank governor wades into row over Reeves’ focus on fiscal rule forecasts

Andrew Bailey says OBR projections – which the chancellor uses to calculate headroom – shouldn’t be ‘over-interpreted’

The Guardian - UK

New industrial strategy brings Rachel Reeves’ securonomics to life – but will it protect Britain from more supply chain shocks?

Brexit, COVID, the war in Ukraine and now Trump’s tariffs have all highlighted how vulnerable life in the UK is to disruptions in trade. Everyday items that people rely on can be subject to major shortages, delays and price rises, due to something as simple as a ship getting stuck…

The Conversation

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Italian restaurant in heart of Covent Garden blames Rachel Reeves for 'difficult decision' to close

Margot Italian on Great Queen Street will serve its last customers this weekend after nine years of trading

Evening Standard

Voices: I’m leaving the UK because of how Labour has treated wealthy non-doms like me… ciao!

COMMENT: Multi-millionaire businesswoman Dr Ann Kaplan Mulholland – who is moving from her Kent castle to Italy, for the more favourable tax jurisdiction – says Labour is running out of time to rethink its flagship plan to scrap non-dom status… and that Nigel Farage’s idea for the super-rich to pay…

The Independent UK

Millionaires to flee UK in record numbers

An estimated 16,500 millionaires are set to leave the country in the coming 12 months

The Independent UK

Britain on track to lose 'unprecedented' 16,500 millionaires in 2025 amid high taxes and non-dom crackdown

The UK is set to lose twice as many high net worth individuals as China and ten times as many as Russia this year

Evening Standard

UK will commit to spending 5% of GDP on defence by 2035

Keir Starmer says investment in national security will also deepen Britain’s commitment to Nato

The Guardian - UK

Labour MPs launch major rebellion to stop welfare bill

Amendment intended to kill off legislation that would cut benefits could be backed by up to 100 Labour MPs including senior figures

The Guardian - UK

British state ‘overbearing’ ministers say as they lay out industrial overhaul

In the Industrial Strategy published on Monday, the Government has backed UK industries it thinks have the potential to grow.

Evening Standard

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The Independent UK

British state is ‘feeble and overbearing’, Starmer says as he unveils industrial overhaul

In the Industrial Strategy published on Monday, the Government has backed UK industries it thinks have the potential to grow

The Guardian - UK

Reeves calls for Middle East de-escalation amid oil price fears

Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategy

Evening Standard

Palestine Action’s behaviour ‘totally unacceptable’, Chancellor says

Rachel Reeves condemned Palestine Action ahead of an update from the Home Secretary to Parliament on Monday on the Government’s plan to ban the group.

Evening Standard

DLR extension to Thamesmead: Sadiq Khan's 'dream' project makes progress after Government boost

TfL reveals designs for new stations as delayed new train fleet arrives

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Evening Standard

Why it’s time to unshackle London and let it boom again

The rich are fleeing, the City is haemorrhaging listings — and it’s down to years of political neglect

The Guardian - UK

Minibuses for rural routes are in production

Letter: The business opportunity in manufacturing small buses in Britain has already been spotted, writes Richard Bramall

The Fashion Central

Government Expands Warm Homes Discount Scheme to Help More Families

The Independent UK

Voices: Whitehall isn’t working – here’s how the PM can fix it

INSIDE WESTMINSTER: Keir Starmer complains that the government machine is slow to crank into life when he demands action. To prevent his ‘mission-driven’ domestic agenda from being doomed to failure, the prime minister should first get rid of the Cabinet Office, says Andrew Grice

Evening Standard

Leaders on both sides of the border urge completion of Casement Park

A UK Government pledge of £50 million for the development of the west Belfast GAA stadium was included in Chancellor Rachel Reeves’ spending review.

The National (Scotland)

Experts warn Labour set to hike taxes as borrowing hits record figure

Fears the Chancellor will raise taxes in the autumn have been fuelled after official figures showed the highest May government borrowing outside the…

Evening Standard

Tax hike fears mount after government borrowing jumps in May

The ONS said borrowing surged to £17.7 billion last month, the second highest figure on record for May

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