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The Latest Breaking News from Rachel Reeves

UK politics: Winter fuel payments to be restricted as Reeves says there is £22bn spending shortfall – as it happened

Chancellor suggests budget, on 30 October, will involve tax rises and cuts to spending and benefits

The Guardian - UK

Millions of public sector workers to get inflation-busting pay rises, confirms Rachel Reeves

Cabinet Office minister Pat McFadden left open the prospect of a string of tax rises apart from on VAT, income tax and National Insurance

Evening Standard

McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened

Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customers

The Guardian - UK

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HS2 high speed rail link may end in London suburb rather than Euston, signals Chancellor Rachel Reeves

Cabinet Office minister Pat McFadden says HS2 route will be re-examined

Evening Standard

UK’s finance chief accuses previous gov’t of multibillion-pound ‘cover up’

Chancellor of the Exchequer Rachel Reeves to deliver speech expected to lay the groundwork for tax rises.

Al Jazeera

UK ‘desperately exposed’ to cyber-threats and pandemics, says minister

Science secretary Peter Kyle says national resilience suffered ‘catastrophically’ under Tories

The Guardian - UK

Bank of England interest rate cut joy for mortgage holders as Reeves blames mini-Budget for inflation - live

The Bank of England has decided to cut interest rates for the first time in more than four years

The Independent UK

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UK's new Treasury chief says previous government 'covered up' financial turmoil ahead of election

Britain’s new Treasury chief is alleging that the previous government covered up the dire state of the nation’s finances, as she prepares to deliver a major speech to Parliament that is widely expected to lay the groundwork for higher taxes

The Independent UK

Rachel Reeves urged not to 'pull a George Osborne' amid reports of major cuts

RACHEL Reeves has been warned not to “pull a George Osborne” amid growing concerns the Chancellor is to announce significant cuts to make up for…

The National (Scotland)

The National launches PFI series: Will Labour revive controversial funding method?

THE newly elected Labour government has come to power pledging to deliver on infrastructure, but poured cold water on the idea of major government…

The National (Scotland)

Finance Minister To Reveal Fiscal Audit Of 'Broke' Britain

Finance minister Rachel Reeves will on Monday claim Britain is "broke and broken" when she reveals the findings of an assessment into the country's public finances ahead of a forthcoming budget.

International Business Times

Chancellor Rachel Reeves in blame-game row over plans to cut costs to fix public finances

Chancellor to unveil £20 billion black hole in public accounts

Evening Standard

Rachel Reeves paves way for cuts and tax rises to fill shortfall left by Tories

Chancellor will announce pause in work on a number of infrastructure projects, saying Conservatives ‘covered up’ true state of finances

The Guardian - UK

Which UK infrastructure projects is Rachel Reeves likely to axe?

Chancellor expected to announce cuts and delays to some projects as Labour tries to fill £20bn shortfall in finances

The Guardian - UK

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The Independent UK

Rachel Reeves could raise £10bn in wealth taxes, Resolution Foundation says

The chancellor could find the cash to fund Labour’s plans for power, including inflation-busting pay hikes for public sector workers, by levying taxes on unearned wealth

Top News

Britain's New Government Faces Financial Crisis After Election Win

Britain's new left-leaning government faces financial challenges inherited from previous rule, with a significant 20-billion-pound shortfall in public fina...

The Independent UK

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

Britain’s new left-leaning government says the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes

The Guardian - UK

Fear of a Truss repeat should not deter Reeves from rewriting spending rules

Labour has enough goodwill with City to increase debt if the money is used for key infrastructure

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The Guardian - UK

Tories ‘deliberately covered up’ true state of public finances, says minister

Steve Reed hits out at Conservatives’ handling of public services as chancellor prepares to detail ‘£20bn black hole’

The National (Scotland)

'Lie and pretend': Disbelief as Labour claim Tories 'covered up' £20bn funding hole

CHANCELLOR Rachel Reeves has been met with disbelief after claiming that a Tory government “cover up” hid a £20 billion shortfall in the UK’s…

The Guardian - UK

Why Rachel Reeves wants everyone to know that the Tories left the Treasury brassic

The chancellor is not just preparing the ground for some tax rises. She’s also warning her party that there will be extremely difficult decisions about spending

The Independent UK

Reeves to consider capital gains tax plan to help fix ‘broke Britain’

The chancellor will declare Britain ‘broke and broken’ and reveal the scale of Labour’s dire financial inheritance from the Conservatives

The Independent UK

Rayner to set out overhaul of planning rules to clear path for new social housing

Angela Rayner has said the planning system should be a ‘launchpad’ rather than a millstone ahead of setting out changes next week

The Guardian - UK

Wealth taxes could raise £10bn to help plug Tory budget hole, say economists

Reforms to inheritance and capital gains taxes could reduce £20bn shortfall and combat UK’s widening wealth gap

The Guardian - UK

The Observer view: sticking to fiscal rule will imperil Labour’s future

Cutting public spending to satisfy an arbitrary financial rule conceived in opposition will confine the UK to sluggish growth

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