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The Latest Breaking News from Rachel Reeves

Reeves to press ahead with plans to borrow billions for investment

Exclusive: Chancellor’s plan to change rules to allow more borrowing comes as cost of government debt rises

The Guardian - UK

Cash alone won’t build Labour’s green future

Letter: A warning from Mark Robinson that a skills crisis could scupper the government’s £22bn carbon capture strategy

The Guardian - UK

How Rachel Reeves might unlock £57 billion at the budget with a ‘simple’ fiscal rule change

Experts have urged the chancellor to consider tweaking a Labour manifesto pledge

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

OPINION - Rachel Reeves's Budget dilemma just got harder

The financial markets show their teeth

Evening Standard

Shein’s UK profits double; Water companies penalised for poor performance; China targets EU brandy – as it happened

Rolling coverage of the latest economic and financial news, as UK gilt yields rise and water companies face paying £157m to customers

The Guardian - UK

Tuesday briefing: Why Sue Gray was ousted – and what it means for No 10

In today’s newsletter: Gray was supposed to help Starmer govern in a structured way. Three months into power and she is already out – what happened?

The Guardian - UK

Building HS2 to Euston and Crewe could pay for itself, analysis finds

Extending high-speed line at both ends would let government charge more for rights to run it, rail leaders say

The Guardian - UK

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Rachel Reeves to decide by Wednesday whether to change fiscal rules

Move could unlock up to £57bn in additional spending on infrastructure in October’s budget

The Guardian - UK

UK campaigners call for tobacco windfall tax and yearly levy on ‘lethal trade’

Rachel Reeves urged to levy ‘double whammy’ on firms’ £1bn annual profits to fund measures to end smoking

The Guardian - UK

OPINION - Why is it all going so wrong for Rachel Reeves?

The Chancellor faces scrutiny with her first Budget looming. Questions remain about her strategy and economic plans

Evening Standard

Reeves opts to not raise tax on pension contributions in October budget

Public sector unions had warned rise would hurt their members, erasing pay increases government has just agreed

The Guardian - UK

Pensioner couple suing UK government over losing their winter fuel payment scared to turn on cooker

Peter and Florence Fanning said that pensioners are now being ‘punished’ by the government

The Independent UK

Reeves facing unlikely alliance of private schools, unions and tax experts calling for VAT delay

Anger is growing over Labour’s plans to impose VAT on private school fees midway through the academic year

The Independent UK

More than 70 retailers urge Reeves to make 20% cut to business rates

In letter to chancellor, Tesco and M&S are among firms warning tax could result in widespread store closures

The Guardian - UK

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The Independent UK

Rachel Reeves warned potential £50bn spend could cause interest rates to surge

The government is considering changing its fiscal rules to give it more room to borrow

The Independent UK

Budget 2024: Five key tax takeaways at a glance

Chancellor announces biggest raft of tax hikes in any budget since 1993

The Guardian - UK

Increase wealth taxes to stop rise of Reform UK, says ex-Labour minister

Liam Byrne has warned the chancellor that extra levies on the rich are needed to halt the rise of the populist right

The Guardian - UK

Cabinet set for split over support for England and Wales assisted dying bill

Some senior ministers expected to vote against measure in free vote, while others are still undecided

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news in one place.

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The Independent UK

Revealed: The 36 rail projects at risk of being scrapped to plug Labour’s £22bn black hole

Exclusive: Transport secretary Louise Haigh – who previously criticised Rishi Sunak for the ‘great rail betrayal’ of HS2 – now finds herself wielding an axe over £85m worth of projects

The Conversation

How to reverse Britain’s chronic underinvestment in energy – and who needs to pay

The transition to a greener society will involve huge investments in wind farms, electric cars and trains, new ways to heat homes, and much more. Yet the UK government is sending mixed messages over whether it intends to finance such projects at anything like the rate required.

The Guardian - UK

Friday briefing: What the end of Port Talbot steelworks says about Britain’s green energy transition

In today’s newsletter: The end of coal, steel plants facing closure – how the UK is trying to build a post-fossil fuel economy

The Independent UK

Why demand for diesel cars is surging ahead of electric vehicles despite all the discounts

Registrations of new diesel cars in September for private buyers grew by around 17.2 per cent

The Guardian - UK

Carmakers ramp up pressure on chancellor for EV sales subsidies

Bosses say cost of complying with zero-emission vehicle mandate is ‘astronomical, and unsustainable’

The Guardian - UK

Labour to commit almost £22bn to fund carbon capture and storage projects

Investment will fund two CCS clusters – but environmental campaigners have criticised plans

The Guardian - UK

Today, with our £22bn pledge for carbon capture, Labour’s green revolution for Britain begins

Revitalising the country’s industrial heartlands and creating decent, well-paid jobs is at the heart of our mission, says chancellor Rachel Reeves

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