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The Latest Breaking News from Rachel Reeves

Can UK avoid national debt almost tripling over next 50 years?

OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action

The Guardian - UK

Bank of England waters down plans to impose tougher capital rules on UK banks

Chancellor says revision of how much lenders must set aside to cope with future crises will bolster growth

The Guardian - UK

Surge in larger homes for sale amid capital gains tax fears, Rightmove says

Speculation Rachel Reeves to raise tax in budget thought one reason for some homeowners cashing out

The Guardian - UK

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Long NHS delays in England leading to thousands of unnecessary deaths, inquiry finds

Detailed analysis warns Keir Starmer it will take longer than five years to get waiting times back on track

The Guardian - UK

Triple lock won’t save pensioners from Labour’s winter fuel blunder

Letters: Melanie Henwood on the impact that the government’s decision will have this winter on those who are old and cold. Plus letters from Pauline Cartwright and Paul Marsden

The Guardian - UK

UK Economy Stalls, Dealing Blow To New Government

Britain's economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list.

International Business Times

Amazon To Invest GBP8 Bn In UK In Boost For New Labour Govt

US tech giant Amazon is to invest GBP8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.

International Business Times

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Rachel Reeves warned tax rises could damage growth as economy flatlines for second month in a row

Chancellor says that change will not happen ‘overnight’ after latest disappointing economic figures

The Independent UK

Labour MPs expensed over £400,000 for energy bills before axing winter fuel payments

MPs are able to pay for some energy bills using taxpayer money under the current expenses rules

The Independent UK

Summer of sport saves GDP from a surprise slump in July as economy stalls

Flatlining economy in the month Labour came to power is a disappointing backdrop to preparations for key Budget in October

Evening Standard

Economy flatlines as UK sees no growth for second month in a row

Chancellor Rachel Reeves said she is under no illusion about the scale of the challenge for Labour

The Independent UK

Why did Starmer cut the winter fuel allowance? It’s called Treasury brain – and that spells trouble

It has struck again, the notorious syndrome that causes Chancellors to identify cost savings that look ingenious on a spreadsheet but turn out stupid in the real world, says Guardian column Rafael Behr

The Guardian - UK

Reeves announces £8bn UK investment by Amazon’s cloud computing arm

Chancellor says move will create as many as 14,000 jobs at firm’s datacentres and in a range of other industries

The Guardian - UK

‘We’ll get the blame’: tensions simmer within Labour over winter fuel cut

While Commons rebellion was small-scale, behind the scenes, anger over handling of the policy is said to run high

The Guardian - UK

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The Guardian - UK

Critics of winter fuel payment cut to fight on after government wins vote

Opponents plan to push ministers to look at extra help for most vulnerable people in England and Wales

The Guardian - UK

The Guardian view on Labour’s strategy: focus on fixing Britain, not fiscal deficits

Editorial: Ministers have much bigger problems to deal with than principled dissent, and that’s where the government’s attention should be directed

The Independent UK

Keir Starmer stares down Labour MPs’ revolt over winter fuel payments as rebellion fizzles out

Sir Keir Starmer has seen off the biggest rebellion of his premiership so far with just one Labour MP voting against the winter fuel payment cut for pensioners

The Guardian - UK

Starmer and Reeves are playing a dangerous game. How much more do they think Britain can take?

We have rusty playgrounds and rundown town centres, yet the government fixates on its ill-conceived plan to penalise pensioners, says Guardian columnist John Harris

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The Independent UK

Martin Lewis slams councils for acting like the ‘worst loan sharks’ over tax collection

The Local Government Association, which represents councils, said authorities should strive to work with people who are struggling to meet their council tax bills

Evening Standard

Winter fuel allowance: More than 50 Labour MPs fail to back Keir Starmer in crunch Commons vote

Prime Minister seeks to raise hopes by talking of ‘the light of a fairer Britain’ - but warns ‘tough’ decisions are needed to sort out Britain’s crippled public finances

The Guardian - UK

UK wages figures will affect state pension, interest rates – and Rachel Reeves

Likely 4% pension rise next year could help defuse row facing chancellor over winter fuel payment

Evening Standard

Rachel Reeves urged by Manchester Mayor Andy Burnham to consider softening cuts to winter fuel payments

His appeal came ahead of a crunch Commons vote on the controversial reform

The Guardian - UK

Tuesday briefing: Will a vote on Labour’s plan to cut the winter fuel payment lead to backbench rebellion?

In today’s newsletter: The new government’s plan to restrict a winter welfare payment to the elderly has emerged as a key issue just months in their reign

The Guardian - UK

Brent crude tumbles below $70 per barrel as oversupply fears hit oil price – as it happened

Brent crude has hit its lowest level since December 2021

The Guardian - UK

Reeves urged to make tax changes ‘to raise more than £20bn a year’

Resolution Foundation suggests proposals on capital gains tax, inheritance tax and national insurance

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