The Latest Breaking News from Rachel Reeves

Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed

IFS director Paul Johnson believes Labour will break its election manifesto on tax

Exclusive: Rachel Reeves will meet senior City figures on Friday to discuss funding of national investment projects

The PM’s time in office will be defined by how he responds to global economic challenges and political instability, not least in the US, says Guardian columnist Rafael Behr

Chancellor’s words will be interpreted as signal she will not give in to ministers over cuts she imposes in budget

One expert has called the Labour measure a “straightforward breach” of its manifesto

Chancellor promised to ‘invest, invest, invest’ after months of bleak warnings over economy

Business body covering pubs, hotels and restaurants says budget tax change would increase costs

Rachel Reeves has hinted she plans to put up the tax in the budget but some businesses have voiced concerns

Labour has read its John Maynard Keynes. It unleashed the “animal spirits” of a possible economic bounceback at its first investment summit yesterday, with an upbeat Keir Starmer pledging to “improve Britain’s brand” and promising a land of opportunity for global investors — and some “heritage Yookay“ experience thrown in…

Chancellor Rachel Reeves is also believed to be considering raising capital gains tax to fix Britain’s dire public finances