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The Latest Breaking News from Rachel Reeves

Rachel Reeves admits autumn Budget likely to hit pay for workers

Labour’s Budget tax increase on employers could hit workers’ pay, Rachel Reeves has admitted.

The Independent UK

Reeves’s £40bn tax rises will boost growth ‘sustainably’, says IMF

Rare intervention comes as Resolution Foundation says UK will remain ‘stagnation nation’ despite push to invest

The Guardian - UK

Rachel Reeves appears to say Kemi Badneoch already Tory leader

Rachel Reeves joked that the Tories were worried about their future under Kemi Badenoch as the Conservative Party's leadership contest draws to a close.

The Independent UK

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Extra Budget cash for Scotland will not see two-child cap axed, Robison suggests

The Scottish Finance Secretary also appeared to indicate the money will not be used to restore universal winter fuel payments to pensioners.

The Independent UK

‘There will be consequences’: budget may mean smaller pay rises, says Reeves

Increase in employers’ national insurance contributions will affect businesses but is projected to raise £25bn

The Guardian - UK

Budget 2025: London housing winners and losers

A bland budget for some and toxic unintended consequences for others – but what does Rachel Reeves’ first fiscal statement mean for you?

Evening Standard

Shell calls for ‘certainty’ after Labour increases oil and gas windfall tax

Chancellor Rachel Reeves lifted taxes for North Sea oil and gas firms including Shell in Wednesday’s autumn Budget.

Evening Standard

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Lower pay rises likely due to Budget tax increases, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could affect wage growth for workers.

The Independent UK

Lower pay rises likely due to Budget tax rises, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could impact wage growth for workers.

Evening Standard

The Standard 100: People shaping London in Politics, Security, Knife Crime, Transport and Charity

Rachel Reeves, Sadiq Khan and Richard Curtis are among the top hundred people shaping the capital in 2024

Evening Standard

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

The Independent UK

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

UK politics: Starmer insists pro-growth policies on way after OBR’s budget warnings – as it happened

PM says budget just ‘first step’ after watchdog said measures would make no difference to growth over five years

The Guardian - UK

Robert Jenrick calls Rachel Reeves ‘compulsive liar’ during fiery TV interview on autumn Budget

Robert Jenrick accused Rachel Reeves of “telling packs of lies for months” following Labour’s Budget announcement.

The Independent UK

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Evening Standard

Taxes to rise higher AGAIN in next few years and wage increases hit, warn IFS economists after Reeves Budget

The Institute for Fiscal Studies also stressed that much of the National Insurance rise on employers would feed through into smaller pay rises for workers

Evening Standard

‘Budget not something I want to repeat ever again’ – Reeves

The Chancellor defended her first fiscal announcement and said she does not want to repeat the £40 billion tax rises she implemented.

The Guardian - UK

Post-budget sell-off of government bonds by worried City traders intensifies, pushing up UK borrowing costs – as it happened

Institute for Fiscal Studies says increasing borrowing to fund investment ‘right thing to do’

The Guardian - UK

‘It has a political vision’: five viewpoints on Reeves’s first budget

A retiree, a young worker, a family, a single parent and a pension saver reflect on what the changes mean for them

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The Guardian - UK

Thursday briefing: What you need to know about Rachel Reeves’s plans for the economy

In today’s newsletter: They spent weeks bracing the country for ‘tough decisions’, but in Labour’s first budget in 14 years, the chancellor adopted a slightly more optimistic tone

Evening Standard

Replacement Bakerloo line trains can be 'explored' thanks to Budget, says Sadiq Khan

Mr Khan said the Budget was ‘the best’ he’d heard as mayor, but critics say he has ‘quietly dropped’ his biggest asks

The Guardian - UK

At last, a government willing to spend – but this budget will expose it to two great dangers

The good news: more money is on the table. The problems lie around how it will be raised – and who doesn’t stand to benefit, says the Guardian columnist Aditya Chakrabortty

The Guardian - UK

‘They’ve won me over’: chancellor’s constituents welcome budget

Rises in state pension and minimum wage garner praise from Rachel Reeves’s constituents

The Guardian - UK

Former miners celebrate ‘hard-fought’ win in pension scandal

Rachel Reeves’s budget ended arrangement whereby government took half surplus of pension scheme

Evening Standard

Papers react to Labour’s Budget ‘gamble’

There was a mix of optimism and pessimism with the national papers’ views on Rachel Reeves’s Budget.

Evening Standard

Reeves to face scrutiny over Budget that raises taxes, borrowing and spending

The overall tax burden will reach a record 38.3% of gross domestic product (GDP) in 2027-28.

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