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The Latest Breaking News from Rachel Reeves

FTSE 100 closes higher despite sluggish economic growth

The tepid progress for the economy recently could prompt the Office for Budget Responsibility to downgrade its economic assessment.

Evening Standard

Voices: ‘Fantasy economics’: Readers warn of housing chaos if stamp duty is scrapped

YOUR VIEWS: Our community is divided over Kemi Badenoch’s pledge to scrap stamp duty, with one warning it would ‘do absolutely nothing for renters or those already priced out’

The Independent UK

Labour tax pledge stands, says No 10, as Reeves rolls pitch for hikes on wealthy

The Chancellor has acknowledged she is looking at potential tax rises and spending cuts at her November 26 Budget.

Evening Standard

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Rachel Reeves says those with broadest shoulders should pay fair share of tax

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home

The Guardian - UK

Proposed changes to business rates ‘risk slowdown’ in investment, warns BT

BT’s finance chief said expected changes at next month’s Budget could cost infrastructure firms an extra £400 million each year.

Evening Standard

Number of children in temporary accommodation almost double Wembley capacity

Campaigners are calling on Chancellor Rachel Reeves to unfreeze housing benefit in the Budget.

Evening Standard

Number of children in temporary accommodation hits new record high

Campaigners are urging Chancellor Rachel Reeves to unfreeze housing benefit in the Budget

The Independent UK

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UK shoppers set to be handed boost with zero-interest credit cards

A report also anticipates a rise in credit card defaults in the coming months

The Independent UK

Chancellor facing further Budget challenges after muted economic growth

The ONS said GDP rose by 0.1% in August and fell by 0.1% in July, in a revision to the previous estimate for no growth.

Evening Standard

Premier Inn sales slip in UK despite boost from Oasis gigs

Hospitality group Whitbread said it shaved millions of pounds off of its cost base in a bid to mitigate higher labour costs and food inflation.

Evening Standard

Londoners in the firing line for tax rises as Reeves says levy on wealthy 'will be part of story' at Budget

Chancellor says higher taxes on the wealthy will be ‘part of the story’ when she delivers her Budget on November 26

Evening Standard

Thursday briefing: Rachel Reeves starts to sell a tough budget to the public

In today’s newsletter: The chancellor begins to lay the groundwork ahead of next month’s big speech

The Guardian - UK

Wage war on nature to build new homes: that’s Labour’s offer, but it’s a con trick

The government’s new planning bill is tearing down environmental protections to benefit developers. This nation of nature lovers won’t stand for it, says Guardian columnist George Monbiot

The Guardian - UK

Rachel Reeves should consider welfare cuts in budget, IFS says

Thinktank urges chancellor to take ‘bold’ action on benefits and pensions to placate jittery financial markets

The Guardian - UK

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The Independent UK

Higher taxes for the wealthy will be ‘part of the story’, says Reeves ahead of Budget

The chancellor has confirmed that tax rises for the wealthy will be ‘part of the story’ as she seeks to fill a £50m financial blackhole

The Independent UK

‘Tinkering around edges’ at Budget risks another year of economic pain, IFS warns Reeves

Chancellor must take ‘bold action’ to avoid ‘limping from one forecast to the next’

Evening Standard

Reeves faces Budget ‘groundhog day’ without bold action, says IFS

The think tank said it expects the Chancellor will need to find at least £22 billion next month.

Evening Standard

Reeves suggests higher taxes on wealthy will be in Budget

The Chancellor said the economy is still suffering from the impacts of leaving the European Union, austerity policies and Liz Truss’s mini-budget.

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The Guardian - UK

Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-doms

Evening Standard

FTSE 100 falters as investors mull outlook for UK economy

It comes as Rachel Reeves told Sky News that she is looking at both tax rises and spending cuts in the upcoming Budget.

The Independent UK

Martin Lewis warns Rachel Reeves’ cash ISA cut plan will upset millions

MoneySavingExpert founder says Treasury would receive more tax and mortgage lenders would be hit

Evening Standard

OPINION - Boobs aren't the only thing Zack Polanski can increase in size — no wonder Labour is terrified

The Green party’s membership is ballooning, but Labour’s still too shy to confront its new leader over tax plans

International Business Times UK

Reeves Warns of Hard Choices Ahead — Tax Hikes Back on the Table

Rachel Reeves signals 'hard choices' in the 26 November Autumn Budget, with tax rises and spending cuts under active consideration as the OBR's downgrade and IMF forecasts heap pressure on the UK's public finances.

International Business Times UK

Rachel Reeves on the Budget: Why Tax Rises and Spending Cuts Could Be Inevitable

Chancellor Rachel Reeves has revealed that she is considering tax increases and spending cuts for the upcoming budget.

The Guardian - UK

Nature groups rebuke Reeves for ‘cynical’ 11th-hour planning bill changes

Chancellor accused of removing environmental protections to win short-term growth and save her budget

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