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The Latest Breaking News from Rachel Reeves

Treasury installs ‘guard rails’ to avoid Liz Truss-style budget meltdown

Rachel Reeves is to seek advice from City experts to ensure big projects’ value for money and reassure markets

The Guardian - UK

Rachel Reeves planning £3bn welfare cuts in Budget

The Chancellor is expected to commit to the previous Tory government’s plans to save the sum by reforming work capability rules.

The Independent UK

Budget 2024: Rayner and Reeves in standoff over funds for social housebuilding

Exclusive: Housing secretary wants billions more to meet new-homes target but chancellor is set to limit spending

The Guardian - UK

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Budget 2024: what taxes could Rachel Reeves raise?

The chancellor is aiming to make £40bn worth of tax rises and spending cuts to fill ‘black hole’ in public finances

The Guardian - UK

Keir Starmer’s warning to ministers after cabinet Budget row erupts

Angela Rayner leads revolt against ‘huge’ spending cuts in Rachel Reeves’s Budget

The Independent UK

Akshata Murty could receive up to £7.5m after Infosys increases dividend

Rishi Sunak’s wife may have to pay as much as £3m to the Treasury after Indian software company’s latest results

The Guardian - UK

Budget 2024: Martin Lewis sends warning over Buy Now Pay Later crackdown

Money expert said that the chancellor Rachel Reeves rang him personally to tell him about the reforms

The Independent UK

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How will the Budget affect my savings and what should I do?

Reports that pensioners could have tax breaks cut or axed have led to savers withdrawing chunks of their retirement pots ahead of the chancellor’s announcement

The Independent UK

'What is austerity?': Labour MP struggles to defend planned budget cuts

A LABOUR MP has struggled to defend proposed budget cuts from the UK Government saying Rachel Reeves has “absolutely got this” despite being…

The National (Scotland)

Will Great British Energy herald UK’s green revolution?

National energy company, which launched this week, is Labour’s strategy to end dependence on fossil fuels

The Guardian - UK

Hike in capital gains tax will spark tech exodus from UK, investor says

Harry Stebbings says tax rules make Britain ‘a bad place to do business’ as he warns of entrepreneurs leaving

The Guardian - UK

No 10 tells aggrieved ministers to make their departments more cost-efficient

Warning comes after three cabinet members complain to Starmer about chancellor’s proposed budget cuts

The Guardian - UK

Tax-free withdrawals from pension pots surge amid fears over autumn budget

Reports that Rachel Reeves likely to increase taxes have spooked customers, say investment firms

The Guardian - UK

Britain's Millionaire Exodus: Labour's Tax Plans Are Pushing The Rich Out To Greece, Italy And Ireland

UK millionaires are expediting plans to leave the country as fears grow that Labour may announce capital gains tax hikes and an "exit levy" for those leaving.

International Business Times UK

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The Independent UK

How make-or-break Budget has fractured Keir Starmer’s cabinet

ANALYSIS: With the prime minister’s poll ratings at rock bottom, Sir Keir Starmer is grappling with cabinet unity ahead of Rachel Reeves’ Budget, writes Political Correspondent Archie Mitchell

The Independent UK

Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over Budget rumours

A shake-up of the UK’s generous pension tax allowances has been feared for several years as chancellors search for ways to raise money without further indebting the country or raising income tax

The Independent UK

Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget

Government analysis has previously all but ruled out the measures

The Guardian - UK

Reeves to leave capital gains tax on property untouched, reports say

Fears among landlords and second home owners that tax would rise in budget said to be unfounded

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The National (Scotland)

Top Cabinet figures take protest over Labour's austerity plans to Keir Starmer

KEIR Starmer is facing a rebellion from his own Cabinet over the extent of the austerity measures planned for the Labour Government’s first…

Evening Standard

Rachel Reeves set to raise capital gains tax rate on sales of shares in Budget

Budget reforms will not increase the rate on sales of properties, it has been reported

The Independent UK

Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts

Senior ministers are pushing back against cuts as Rachel Reeves finalises her first Budget as chancellor

Evening Standard

Cabinet ministers angry at Budget cuts being demanded by Rachel Reeves told: We all face tough choices

But Education Secretary Bridget Phillipson insisted there would be no return to austerity

The Guardian - UK

Thursday briefing: The £40bn funding gap, £22bn ‘black hole’ and more tricky terms, explained

In today’s newsletter: Chancellor Rachel Reeves is painting a bleak picture ahead of the budget later this month. Here’s what all the jargon means

The Guardian - UK

Millionaire business owners urge Rachel Reeves to raise £14bn from rise in capital gains tax

Group of wealthy investors argue it would have no impact on investment in the UK and would raise vital funds for public services

The Guardian - UK

Here’s a rabbit for the chancellor’s hat: scrap stamp duty on shares

Getting rid of SDRT would pay for itself over time because other receipts would rise, abolitionists say

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