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The Latest Breaking News from Rachel Reeves

UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

Evening Standard

Reeves promises ‘reset for our economy’ as she prepares for first Budget

The Chancellor said she will make the UK ‘a rock of economic stability’.

The Independent UK

Rachel Reeves set to borrow billions for investment after announcing major change to fiscal rules

Ex-Tory chancellor Jeremy Hunt warns he was advised by the Treasury that ‘increasing borrowing meant interest rates would be higher for longer – and punish families with mortgages.’

The Independent UK

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Reeves to announce major change to fiscal rules releasing £50bn for spending

After weeks of speculation, chancellor will tell IMF in Washington that UK’s debt measure will be redefined to permit borrowing for investment

The Guardian - UK

Reeves ‘WhatsApps’ Hunt and is in contact ‘regularly’ with Blair and Brown

The Chancellor added that she would love to be able to call up the late Alistair Darling – the last Labour chancellor to deliver a Budget.

Evening Standard

What will Labour's tax increases mean for Scotland?

CHANCELLOR Rachel Reeves has finalised behind-the-scenes deals with Cabinet colleagues and her officials will be sweating over drafts for her speech…

The National (Scotland)

Bring in pay-per-mile road pricing across UK, urges Tony Blair’s thinktank

Rachel Reeves urged to shelve fuel duty plans and overhaul taxes amid expected switch to electric vehicles

The Guardian - UK

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‘Amazon tax’ to save Britain’s high streets under consideration by Reeves

The British Retail Consortium, the industry’s trade body, welcomed the idea of reform but warned against the idea of simply punishing online players

The Independent UK

Lloyds backs Reeves budget plans despite mooted tax increases

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it

The Guardian - UK

Budget 2024: What time will tax-raising Budget speech by Labour Chancellor Rachel Reeves start on Wednesday?

And how long will it be?

Evening Standard

Anti-monarchy group to protest at Budget in call to slash royal funding

THE first Budget of the new Labour Government is set to face protests from anti-monarchy group Republic...

The National (Scotland)

Budget 2024: Rachel Reeves says 'main taxes on working people' won't rise

Chancellor’s comments leave door open to raft of other tax rises, many of which could hit London hard

Evening Standard

Heathrow breaking records as passenger numbers soar

The airport made £1.3m per day in profits before tax in the first nine months of 2024

The Independent UK

Reeves sympathetic towards ‘mess’ ministers face ahead of Budget

The Prime Minister has previously warned that the Budget next Wednesday would be ‘painful’.

The Independent UK

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The Guardian - UK

Britain suffered 14 years of Tory small-state delusion. Labour’s budget will turn the page on that

While the Tories harp on about the ECHR or the ‘woke bureaucracy’, Rachel Reeves will get serious about public investment, says Guardian columnist Rafael Behr

The Guardian - UK

Local transport funding at risk as Reeves considers big budget cuts

Exclusive: England mayors fear bus, tube and tram plans could be scrapped if Treasury reneges on agreed budgets

Evening Standard

See off ‘uncertainty’ over Ukraine by seizing frozen assets, MP urges minister

Helen Maguire urged Defence Secretary John Healey to quickly repurpose frozen assets to bolster Ukraine’s war chest.

Evening Standard

What is inheritance tax? All the changes made by Rachel Reeves in the autumn Budget

The Chancellor’s shocking stamp duty announcement rises from today

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The Independent UK

Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show

Chancellor warned that hiking the tax at next week’s Budget risks punishing middle-class homeowners

Evening Standard

Budget 2024: Boost for Labour Chancellor Rachel Reeves as IMF ramps up economic growth forecast for Britain

The leading economists increased their prediction for GDP growth in the UK in 2024 from 0.7 per cent to 1.1 per cent

The Independent UK

UK economy to grow faster than thought in pre-Budget boost for Reeves

Only Spain was given a bigger economic upgrade by the IMF, making the UK the biggest beneficiary for extra growth in the G7 – although the US’s new growth rate of 2.8 per cent is higher

The Independent UK

Air Passenger Duty may go up in Reeves’s Budget – could the ‘Inverness Immunity’ come to an end?

Plane Talk: Why it’s not always a good idea to tax the traveller until the pips squeak

The Guardian - UK

IMF warns Trump trade tariffs could dent global economy as it upgrades UK outlook

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%

The Guardian - UK

Miliband faces crunch decision on speed of greenhouse gas cuts

Energy secretary prepares new pledge for big UK carbon cuts in next decade amid potential cabinet division

Evening Standard

IMF upgrades UK economic growth as elections drive global uncertainty

It came as the financial agency held its forecasts for the global economy steady for 2024, with a slight downgrade for next year.

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