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The Latest Breaking News from Rachel Reeves

Budget 2024: Pensioners, wealthy, landlords and shareholders 'face tax hit' as Labour defines 'working people'

Sir Keir Starmer and ministers have been grilled on their definition of ‘working people’ who will be protected from the brunt of tax rises

Evening Standard

Starmer climbs down over claim stock owners not ‘working people’

The government has been asked repeatedly to define ‘working people’

The Independent UK

Budget 2024: Rachel Reeves would hit pensions of millions with NI raid on employers, warns Lord Blunkett

The Labour peer made the last minute intervention, just days before the October 30 Budget, on increasing National Insurance on pension contributions by companies

Evening Standard

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‘Focus on’ where people are getting their money from, says Treasury minister

The Government has been asked repeatedly to define the term ‘working people’.

Evening Standard

Budget 2024: Huge row erupts over Rachel Reeves 'raising mortgage rates' by borrowing billions

The clash over home loans erupted just days before the Budget on October 30

Evening Standard

As she delivers her budget, Rachel Reeves must not forget Labour’s historic mission

It is well within this government’s power to rebuild our welfare state, says John McDonnell, shadow chancellor from 2015 to 2020

The Guardian - UK

Friday briefing: The Commonwealth summit that could put reparations ‘on the table’

In today’s newsletter: Caribbean nations forced conversations about restorative justice on to the Chogm agenda – here’s what that could mean

The Guardian - UK

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No 10 climbs down on PM’s claim stocks and shares owners not ‘working people’

The Government has been asked repeatedly to define what a ‘working person’ is to establish which taxes could rise.

The Independent UK

Downing Street climbs down on Keir Starmer's claim shares owners are not ‘working people’ ahead of Budget

The Prime Minister had suggested asset owners would not fall within his conception of what a working person is

Evening Standard

What the papers say – October 25

A wide range of stories feature across Friday’s papers.

The Independent UK

Key mineral importers to get more cash help at the Budget

Rachel Reeves is expected to use her Budget on October 30 to announce companies bringing critical minerals will get access to UK Export Finance.

Evening Standard

State-backed loans to go to firms importing critical minerals into UK

Rachel Reeves to encourage import of raw materials from Commonwealth countries to counter China’s grip on market

The Guardian - UK

Consumer confidence falls again amid ‘despondent mood’ ahead of October Budget

Chancellor Rachel Reeves has repeatedly warned of ‘tough choices’ at upcoming spending review, hitting consumer sentiment.

Evening Standard

Keir Starmer hints at tax rises on people with income from assets

Shareholders and property owners who also work not within PM’s definition of ‘working people’

The Guardian - UK

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The Independent UK

King Charles acknowledges ‘pains of the past’ as he weighs in on reparations row amid pressure on Starmer

Chancellor Rachel Reeves says Britain could not afford to pay reparations for its part in the slave trade

International Business Times

UK Govt Changes Budget Rules To Borrow More For Investment

UK finance minister Rachel Reeves announced Thursday changes to fiscal rules to open up billions for investment in the centre-left government's maiden budget, but warned of tax rises and spending cuts.

The Independent UK

London stocks climb after strong gains for Unilever and Barclays

The FTSE 100 finished 10.74 points, or 0.13%, higher to end the day at 8,269.38.

The National (Scotland)

Rachel Reeves confirms change to debt rule and warns of higher taxes ahead of Budget

Taxes and borrowing are both set to increase as Rachel Reeves signalled she would rewrite the way government debt is measured in her first Budget ...

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Evening Standard

Budget 2024: Homeowners 'to be hit with high mortgage bills for longer' as Rachel Reeves borrows billions

The Chancellor is also set to announce a string of tax rises in the Budget on October 30

The Independent UK

Reeves confirms change to debt rule and warns of higher taxes as Budget looms

Chancellor Rachel Reeves insisted her first Budget would pave the way for improved public services and ‘rebuild our economy’.

The Guardian - UK

Budget will reverse huge cuts in UK’s public investment, Reeves confirms

Chancellor pledges to spend, but says there will be no Truss-style splurge when she changes fiscal rules in budget

Evening Standard

Sadiq Khan slashes his minimum ask for transport funding ahead of Labour's Budget

The mayor insisted he will still be demanding ‘as much as I can get’ for TfL, but said the ‘black hole’ in the public finances had to be acknowledged

The Independent UK

Government borrowing costs rise ahead of Reeves’ first Budget

Speculation that Rachel Reeves will change the way debt is assessed triggered a market reaction.

Evening Standard

Key questions over ‘persnuffle’ kerfuffle as Reeves confirms debt rule change

Rachel Reeves could change the measure used for her debt target, potentially giving her billions more to spend at the Budget.

Evening Standard

Budget 2024: Chancellor Rachel Reeves to go on '£20 billion' investment spree in UK through higher borrowing

A string of tax rises are also expected to be announced in the Budget many of which will hit London hard

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