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The Latest Breaking News from Rachel Reeves

Applause as Question Time audience member tears into Labour and Tory MPs

AN audience member has been praised on social media as he took aim at the Labour and Tory guests on Thursday night’s Question Time...

The National (Scotland)

Value for money tsar on £950-a-day is value for money, says Rachel Reeves' Treasury deputy

Chief Secretary to the Treasury Darren Jones defended the salary for the new costs-cutting chief

Evening Standard

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election

The Guardian - UK

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Jittery markets hold their nerve on Budget £32b borrowing as minister reassures: We've all got PTSD from Truss

Chief Secretary to the Treasury Darren said on borrowing the Government does not ‘think that we are pushing it to the limit’

Evening Standard

Rachel Reeves’ value for money tsar to be paid £950 a day

David Goldstone, who will take up the position of chairman of the new Office for Value for Money, will effectively be paid significantly more than the prime minister

The Independent UK

Reeves gives Labour post-Budget poll boost despite £40bn tax row

Exclusive: Rachel Reeves has faced a storm of criticism after producing the biggest tax raising Budget in history but the latest weekly tracker poll has shown public support grow for Labour

The Independent UK

Friday briefing: The inside story of The Long Wave, the Guardian’s newsletter on Black life and culture

In today’s newsletter: Writer Nesrine Malik reveals how our weekly roundup for the global Black diaspora came into being, and explains the very personal reason she got involved

The Guardian - UK

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After Reeves’s historic budget, Labour has time to pursue its revolution. What it needs now is public trust

The government is operating in an unforgiving time and lacks capital with voters. It will be crucial to address that, says Guardian columnist Martin Kettle

The Guardian - UK

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

The Budget increased state spending by almost £70 billion per year funded by increased taxes and borrowing.

Evening Standard

What the papers say – November 1

Here are the biggest stories leading Friday’s newspapers.

The Independent UK

Angela Rayner declares £3,550 worth of clothes from Lord Alli

The Deputy Prime Minister updated a declaration of a gift from the Labour backer to show it was for work clothes.

Evening Standard

Martin Lewis issues pension credit plea to nation as he hits out at Rachel Reeves

Martin Lewis issued a pension credit plea to the nation as he hit out at Rachel Reeves over the winter fuel payment cut.

The Independent UK

Head of government’s new value for money office ‘to be paid £950 a day’

David Goldstone to advise chancellor and chief secretary to the Treasury on ways to cut public spending

The Guardian - UK

Reeves told she will have to raise further £9bn to avoid UK public service cuts

Warning comes after Rachel Reeves’s record tax-raising budget sent tremors through financial markets

The Guardian - UK

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The Guardian - UK

Rachel Reeves’s most irritating manifesto fudge: private equity’s tax loophole

Labour said it would bring taxation of performance-related pay in the industry in line with others – but the chancellor had a change of heart

The Guardian - UK

How private equity convinced Labour to go easy on its multimillion pound tax perk

The lobbying coup of the decade saw a major climbdown on the chancellor’s planned raid on carried interest

The Guardian - UK

The Guardian view on health spending: the NHS needs more than a shot in the arm

Editorial: The chancellor has given the health service a boost. But huge challenges remain

The Guardian - UK

This Labour budget is austerity by another name

Letters: Politicians including Jeremy Corbyn and MPs from the Green party and Plaid Cymru respond to the chancellor’s plans. Plus a letter from Peter Riddle

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The Guardian - UK

Rachel Reeves’s budget survives contact with reality – for now

The chancellor, on the morning-after media round, just scraped a no-score draw despite a pervasive sense of unkept promises

The Guardian - UK

Why UK farmers may be left worse off by the budget

Critics say changes to inheritance tax and nature-friendly subsidies could break up family farms and risk food security

Evening Standard

Reeves admits NI hike could hit pay rises while markets react to borrowing spree

Chancellor Rachel Reeves insisted she had no alternative but to raise taxes in her first Budget.

The Conversation

Why the chancellor’s plan to unlock billions of pounds of government investment is such a gamble

Perhaps the most important long-term change announced in the first Labour budget are the new rules the government has set itself to fund the expansion of public services and increase public investment. These fiscal rules, which set out how much the government can borrow and spend, are seen as critical…

Evening Standard

Global stocks tumble and pound weakens as investors digest UK Budget

London’s FTSE 100 was down 49.53 points, or 0.61%, to close at 8,110.1.

The Guardian - UK

Reeves needs faster UK growth than the OBR predicts for her budget to work

Unless the chancellor’s capital spending increases stimulate private investment, expect more tax rises ahead

Evening Standard

Private school group to launch legal action over Government’s VAT plan on fees

Members of the Independent Schools Council board voted to take action after the policy was confirmed in the Budget.

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