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The Latest Breaking News from Rachel Reeves

Lloyds challenges car loan compensation bill as it warns of £2bn hit

The high street banking giant raised concerns about the Financial Conduct Authority’s calculations for how much consumers lost out.

Evening Standard

BMW Seeks Meeting With Rachel Reeves — Can Chancellor Find Middle Ground in £11BN Row?

BMW wants to meet with Chancellor Rachel Reeves as criticism rises over the FCA compensation scheme.

International Business Times UK

IFS warns Rachel Reeves against ‘half-baked dash for revenue’

Thinktank says UK could raise significant funds by tackling some of the longstanding ‘inefficiency and unfairness’ in tax system

The Guardian - UK

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Reeves could raise billions without breaking Labour pledges – IFS

The Government is under pressure to balance the books ahead of November’s autumn statement.

The Independent UK

Rachel Reeves must avoid 'half-baked' tax rises to fix the economy, warns IFS

The Institute for Fiscal Studies urges the Chancellor to resist ‘simply hiking rates’ without changing an ‘unfair’ tax system

Evening Standard

Rachel Reeves warned against pensions tax raid or annual wealth tax at budget

The chancellor is facing increasing pressure to rescue the UK’s troubled finances in the Budget but the IFS has warned against raiding pensions or levying a wealth tax

The Independent UK

The Guardian view on Labour targeting nature: the problem isn’t snails, but a broken housing model

Editorial: Rachel Reeves’s drive to speed up development is beginning to treat wildlife and the environment as expendable. Voters want homes built, but not at any cost

The Guardian - UK

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UK ministers take control of £10bn Lower Thames Crossing

Exclusive: National Highways Agency stripped of oversight with project handed to DfT amid Labour government drive for growth

The Guardian - UK

Keir Starmer ‘planning to blame Nigel Farage and Brexit’ for budget tax hikes

Sir Keir Starmer has been ramping up his attacks on Nigel Farage in recent weeks as Labour falls behind in the polls

The Independent UK

Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip

Labour embraced the forecaster’s powerful role, but now finds itself scrambling in the face of gloomy projections

The Guardian - UK

Rachel Reeves looks for extra headroom in budget to insulate UK economy against bond market

Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rules

The Guardian - UK

Will UK taxpayers get their £122m back from PPE Medpro?

The high court told the company linked to Michelle Mone to pay up over the supply of defective gowns, but there appears no clear route to reclaim the funds

The Guardian - UK

Income tax or VAT? Experts reveal which increase will have ‘least damaging’ impact on economy

New economic analysis has revealed which tax rise will be the better option for the economy

The Independent UK

Raising income tax is ‘least damaging’ option for Reeves, says think tank

An economic think tank analysed the economic impact of raising income tax, corporation tax and value added tax (VAT).

Evening Standard

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Evening Standard

Reeves tells summit she has always felt she has ‘something to prove’ as a woman

The Chancellor told the Women in Work Summit in London she was determined to improve the lives of women through her work in Government.

The Guardian - UK

Phillipson presses Starmer and Reeves to abolish two-child benefit cap in full

Exclusive: education secretary tells the Guardian scrapping limit entirely in November’s budget most cost-effective way to tackle child poverty

The Independent UK

UK poverty crisis laid bare as 500,000 children living in families trapped in benefits debt cycle

Exclusive: Tens of thousands of families are forced to take out loans to cover the five-week wait until their first universal credit payment – but many struggle to pay it back

Evening Standard

Ministers barred from using emergency Treasury funds for public sector pay rises

The Treasury is limiting access to the reserve for departments ahead of the Budget.

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The Guardian - UK

UK Treasury tells ministers not to expect bailouts from its reserve fund

Departments told to manage their own cost pressures as finance ministry seeks to curb overuse of contingency fund

The Independent UK

No more bailouts to fund public sector pay rises, cabinet ministers warned

Labour chancellor Rachel Reeves tightens purse strings ahead of difficult Autumn Budget

The Independent UK

Badenoch vows to scrap stamp duty for primary homes in bid to free up housing market

Economists have welcomed the plans, but questions remain over how the party would pay for it

Evening Standard

Chancellor given £2bn Budget boost after VAT error sees borrowing revised down

The ONS admitted that errors in VAT data meant that government borrowing estimates have been over-stated by between £200 million and £500 million.

The Independent UK

Stamp duty, tractor tax and doctors’ strikes: Key takeaways from Badenoch’s Tory conference speech

The Independent looks at the key policies announced in Kemi Badenoch’s conference speech

The Independent UK

Badenoch vows to abolish stamp duty as she closes Tory conference

She pledged a ‘golden rule’ on her budget plans, spending only half of any savings made through spending cuts, with the rest to reduce the deficit.

The Independent UK

Data error gives Rachel Reeves an extra £3bn for Budget – but she still has to find up to £40bn

The latest revisions hand a rare boost to the beleaguered chancellor, who is gearing up for a difficult Budget next month

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