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The Latest Breaking News from Rachel Reeves

Relief for borrowers as UK interest rates cut but little sign big reductions to come

Incremental cuts likely over two to three years with rates expected to stay well above pre-Covid levels of 0.75%

The Guardian - UK

Thousands sign petition calling on Anas Sarwar to resign

A PETITION calling on Anas Sarwar to resign as the leader of Scottish Labour has now been signed by more than 2000 people...

The National (Scotland)

The cynical spectre of Osbornomics is haunting the Labour party

Emergency cuts, empty pockets, a ‘maxed-out credit card’: why is Rachel Reeves using the language and logic of austerity, asks Guardian columnist Aditya Chakrabortty

The Guardian - UK

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Bank Of England To Finally Cut Interest Rate?

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.

International Business Times

Many pensioners can’t afford to lose the winter fuel allowance

Letters: Readers criticise the decision of the chancellor, Rachel Reeves, to limit the payment to those on pension credits

The Guardian - UK

Here’s how Rachel Reeves could plug the black hole in Britain’s finances

Letters: Mark Bill offers the new chancellor some suggestions on raising taxes and closing loopholes. Plus letters from Joseph Koppenhout and David Tucker

The Guardian - UK

Netizens Call For Immediate Cut Of MP Salaries And Expenses After Rachel Reeves Leaves 10M Pensioners 'Out In The Cold'

Reeves claimed the public finances face an extra £22 billion hole inherited from the Conservatives and warned of "difficult decisions" ahead

International Business Times UK

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Anas Sarwar left red-faced after Rachel Reeves tax intervention

ANAS Sarwar has been left red-faced following comments he made about Labour’s tax plans during the election campaign ...

The National (Scotland)

Hundreds sign petition calling for Anas Sarwar to resign

HUNDREDS of people have signed a petition calling for the resignation of Anas Sarwar for “misleading the Scottish electorate”.

The National (Scotland)

Rachel Reeves will be forced to U-turn on winter fuel means tests, warns former minister

The former minister who was in charge of pensioner benefits for five years has explained why Rachel Reeves’s plans to means test winter fuel payments will have to be ditched

The Independent UK

First female chancellor Rachel Reeves reveals she is stuck with a urinal in her office toilet

The chancellor, who is the first woman to hold the post since its creation a thousand years ago, said the urinal cannot be replaced

The Independent UK

Interest rate cut likely to be delayed by Bank of England, says former Chancellor Lord Hammond

The Tory peer believes the bank’s Monetary Policy Committee will be concerned about pay rises well above its two per cent inflation target

Evening Standard

Rachel Reeves confirms taxes will rise in her first budget in October

Ahead of her first budget, Rachel Reeves refused to rule out hiking capital gains and inheritance tax and pursuing pension reform to fill the £22bn black hole in the public finances

The Independent UK

Rachel Reeves admits she will raise taxes at the Budget

Rachel Reeves did not state what taxes would be raised at the Budget on 30 October

The Independent UK

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International Business Times UK

'We've Got To Get Britain Building': Rachel Reeves Implies Nimbys Wont Stop The Building Of 1.5M New Homes By 2029

Rachel Reeves, the new Chancellor, has pledged to build 1.5 million new homes by 2029 despite opposition from 'nimbys,' focusing on reforming planning systems and utilising brownfield and grey belt land.

The National (Scotland)

Taxes will likely be raised in Autumn Budget – Rachel Reeves

TAXES will likely be raised in the Autumn Budget, Rachel Reeves has said ...

The Guardian - UK

Some taxes will have to rise in 30 October budget, says Rachel Reeves

Chancellor rules out raising national insurance, VAT or income tax but says ‘difficult decisions to come’ amid £22bn public finance shortfall

The National (Scotland)

'Virtue signalling': Aberdeen business group blasts Labour for windfall tax hike

LABOUR have been accused of a “virtue signalling exercise” in increasing the windfall tax on oil and gas profits.

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International Business Times UK

UK Government Announces Raises For Teachers, Civil Servants And More; Cost Will Exceed £9 Billion

Unions have warned that public sector pay has been squeezed since 2010, which they say is exacerbating issues in schools, hospitals and other vital services.

The Guardian - UK

Reeves accuses Hunt of £22bn lie; nonsense, he says. What’s the truth?

Shadow chancellor says successor confected story of ‘black hole’ to distract from tax rises, but things are not clearcut

The Guardian - UK

Reeves and Hunt come to brink of fisticuffs over mysteriously absent £22bn

The chancellor blames her predecessor for everything, including her reinvention as a Ministering Angel of Death

The Independent UK

NHS funding warning following Reeves’ £22bn black hole announcement

NHS must ‘live within its means’ chief executive warns health leaders

Evening Standard

List of every DWP benefit that will no longer qualify for Winter Fuel Payments

Chancellor Rachel Reeves has announced big changes for the Winter Fuel Payments this year

The National (Scotland)

Labour bosses' words back to haunt them after cutting Winter Fuel Payment

LABOUR need to remember that the things they said in opposition haven't been forgotten now they're in power ...

Evening Standard

OPINION - The Standard View: Rachel Reeves rolls the pitch for autumn tax rises

Rachel Reeves isn’t just disappointed — she’s angry. The Chancellor stood up at the Despatch Box yesterday and accused the last Conservative government of a cover-up, spending money it did not have and leaving it to her to clean up.

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