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The Latest Breaking News from Rachel Reeves

Reeves warned inheritance tax hike would punish middle classes as Budget backlash intensifies

Experts said the ‘death tax’ had a lot of emotional resonance with voters

The Independent UK

OPINION - The Standard View: Labour's tax promises mean Rachel Reeves is operating with one hand tied behind her back

Virtually all new Chancellors raise taxes in their first Budget. But few plan to do so by quite as much as Rachel Reeves. The much-vaunted £22 billion fiscal blackhole seems to be growing ever wider, with reports swirling that the Chancellor is seeking to raise up to £40 billion in…

Evening Standard

What the inheritance tax rise in the Budget means for you

Only around 4 per cent of families have to pay ‘death tax’ under current legislation

The Independent UK

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

Inheritance tax to rise in Budget as Reeves plans to hit well-off

Just 5 per cent of all deaths incurred Inheritance Tax in 2022–23

The Independent UK

Starmer says UK will support Ukraine ‘for as long as it takes’ after meeting Biden, Macron and Scholz – as it happened

PM meets Biden, Macron and Scholz at pivotal moment for global conflicts

The Guardian - UK

Rachel Reeves to push forward with £3bn sickness benefits cut in Budget

Charities warned cuts proposed by the Tories would have a ‘devastating impact’ on disabled people

The Independent UK

Benefits will be cut, says jobs minister as Rachel Reeves hikes taxes and seeks spending savings in Budget

Taxes which may rise include National Insurance on employers, capital gains tax, inheritance tax and stamp duty

Evening Standard

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Rachel Reeves considers raising tax on vapes in autumn budget

Exclusive: news comes as figures show a quarter of 11 to 15-year-olds in England have tried vaping

The Guardian - UK

Treasury installs ‘guard rails’ to avoid Liz Truss-style budget meltdown

Rachel Reeves is to seek advice from City experts to ensure big projects’ value for money and reassure markets

The Guardian - UK

Rachel Reeves planning £3bn welfare cuts in Budget

The Chancellor is expected to commit to the previous Tory government’s plans to save the sum by reforming work capability rules.

The Independent UK

Budget 2024: Rayner and Reeves in standoff over funds for social housebuilding

Exclusive: Housing secretary wants billions more to meet new-homes target but chancellor is set to limit spending

The Guardian - UK

Budget 2024: what taxes could Rachel Reeves raise?

The chancellor is aiming to make £40bn worth of tax rises and spending cuts to fill ‘black hole’ in public finances

The Guardian - UK

Keir Starmer’s warning to ministers after cabinet Budget row erupts

Angela Rayner leads revolt against ‘huge’ spending cuts in Rachel Reeves’s Budget

The Independent UK

Akshata Murty could receive up to £7.5m after Infosys increases dividend

Rishi Sunak’s wife may have to pay as much as £3m to the Treasury after Indian software company’s latest results

The Guardian - UK

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The Independent UK

Budget 2024: Martin Lewis sends warning over Buy Now Pay Later crackdown

Money expert said that the chancellor Rachel Reeves rang him personally to tell him about the reforms

The Independent UK

How will the Budget affect my savings and what should I do?

Reports that pensioners could have tax breaks cut or axed have led to savers withdrawing chunks of their retirement pots ahead of the chancellor’s announcement

The National (Scotland)

'What is austerity?': Labour MP struggles to defend planned budget cuts

A LABOUR MP has struggled to defend proposed budget cuts from the UK Government saying Rachel Reeves has “absolutely got this” despite being…

The Guardian - UK

Will Great British Energy herald UK’s green revolution?

National energy company, which launched this week, is Labour’s strategy to end dependence on fossil fuels

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news in one place.

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The Guardian - UK

Hike in capital gains tax will spark tech exodus from UK, investor says

Harry Stebbings says tax rules make Britain ‘a bad place to do business’ as he warns of entrepreneurs leaving

The Guardian - UK

No 10 tells aggrieved ministers to make their departments more cost-efficient

Warning comes after three cabinet members complain to Starmer about chancellor’s proposed budget cuts

The Guardian - UK

Tax-free withdrawals from pension pots surge amid fears over autumn budget

Reports that Rachel Reeves likely to increase taxes have spooked customers, say investment firms

International Business Times UK

Britain's Millionaire Exodus: Labour's Tax Plans Are Pushing The Rich Out To Greece, Italy And Ireland

UK millionaires are expediting plans to leave the country as fears grow that Labour may announce capital gains tax hikes and an "exit levy" for those leaving.

The Independent UK

How make-or-break Budget has fractured Keir Starmer’s cabinet

ANALYSIS: With the prime minister’s poll ratings at rock bottom, Sir Keir Starmer is grappling with cabinet unity ahead of Rachel Reeves’ Budget, writes Political Correspondent Archie Mitchell

The Independent UK

Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over Budget rumours

A shake-up of the UK’s generous pension tax allowances has been feared for several years as chancellors search for ways to raise money without further indebting the country or raising income tax

The Independent UK

Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget

Government analysis has previously all but ruled out the measures

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