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The Latest Breaking News from Rachel Reeves

Reeves to leave capital gains tax on property untouched, reports say

Fears among landlords and second home owners that tax would rise in budget said to be unfounded

The Guardian - UK

Top Cabinet figures take protest over Labour's austerity plans to Keir Starmer

KEIR Starmer is facing a rebellion from his own Cabinet over the extent of the austerity measures planned for the Labour Government’s first…

The National (Scotland)

Rachel Reeves set to raise capital gains tax rate on sales of shares in Budget

Budget reforms will not increase the rate on sales of properties, it has been reported

Evening Standard

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

Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts

Senior ministers are pushing back against cuts as Rachel Reeves finalises her first Budget as chancellor

The Independent UK

Cabinet ministers angry at Budget cuts being demanded by Rachel Reeves told: We all face tough choices

But Education Secretary Bridget Phillipson insisted there would be no return to austerity

Evening Standard

Thursday briefing: The £40bn funding gap, £22bn ‘black hole’ and more tricky terms, explained

In today’s newsletter: Chancellor Rachel Reeves is painting a bleak picture ahead of the budget later this month. Here’s what all the jargon means

The Guardian - UK

Millionaire business owners urge Rachel Reeves to raise £14bn from rise in capital gains tax

Group of wealthy investors argue it would have no impact on investment in the UK and would raise vital funds for public services

The Guardian - UK

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Here’s a rabbit for the chancellor’s hat: scrap stamp duty on shares

Getting rid of SDRT would pay for itself over time because other receipts would rise, abolitionists say

The Guardian - UK

Cabinet ministers contest chancellor’s planned cuts to their departments

Rachel Reeves aims to find £40bn in budget but several ministers have written to Keir Starmer about spending cuts

The Guardian - UK

Great British Energy can become a major power generator, says its chair

Vision for company includes the potential to borrow its own money in order to rival multinationals

The Guardian - UK

The £40bn question: How will Rachel Reeves balance the books?

Chancellor boosted by a surprise drop in inflation after the cabinet is warned she may need to find £40bn in taxes and borrowing in her Budget, dwarfing previous estimates of the fiscal ‘black hole’

The Independent UK

The Guardian view on Labour and tax: time to change the frame

Editorial: The chancellor will not win support for her budget without a courageous defence of public services funded by collective contribution

The Guardian - UK

Cutting red tape will give private equity a free pass

Letters: Readers respond to Keir Starmer and Rachel Reeves’ vow to promote growth by enticing businesses to invest in Britain

The Guardian - UK

Does the drop in inflation mean things are going to get better?

As the CPI shows a fall in the overall rate at which prices are rising, Sean O’Grady looks at what it might mean for those of us hoping for an improvement in our everyday finances – and for the chancellor, too, as she prepares to announce her first Budget in…

The Independent UK

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The Guardian - UK

BrewDog reveals losses doubled to £59m in final year under co-founder

Brewer apologises for late release of results after James Watt rails against Labour’s plans for autumn budget

The Guardian - UK

No 10 rejects claim Labour misled voters about tax plans in manifesto – as it happened

Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed

Evening Standard

Rachel Reeves 'rolling pitch for big tax rises' in Budget with £40billion plan briefing, says top economist

IFS director Paul Johnson believes Labour will break its election manifesto on tax

The Guardian - UK

Chancellor summons City bosses to No 11 for infrastructure taskforce relaunch

Exclusive: Rachel Reeves will meet senior City figures on Friday to discuss funding of national investment projects

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The Guardian - UK

Starmer is stuck in a British bubble, but it will soon be burst by a turbulent world

The PM’s time in office will be defined by how he responds to global economic challenges and political instability, not least in the US, says Guardian columnist Rafael Behr

The Guardian - UK

Rachel Reeves tells cabinet UK still faces £100bn black hole over next five years

Chancellor’s words will be interpreted as signal she will not give in to ministers over cuts she imposes in budget

The Independent UK

How will the employer National Insurance rise affect you?

One expert has called the Labour measure a “straightforward breach” of its manifesto

The Independent UK

Budget 2024: Rachel Reeves reveals £40bn in tax hikes and boost to NHS spending in historic speech

Chancellor promised to ‘invest, invest, invest’ after months of bleak warnings over economy

The Guardian - UK

UK employer national insurance hike threatens jobs and pay rises, firms warn

Business body covering pubs, hotels and restaurants says budget tax change would increase costs

The Guardian - UK

What are employer national insurance contributions and what would raising them do?

Rachel Reeves has hinted she plans to put up the tax in the budget but some businesses have voiced concerns

Evening Standard

OPINION - Keir Starmer's prosperity plan for Britain is lacking some vital ingredients

Labour has read its John Maynard Keynes. It unleashed the “animal spirits” of a possible economic bounceback at its first investment summit yesterday, with an upbeat Keir Starmer pledging to “improve Britain’s brand” and promising a land of opportunity for global investors — and some “heritage Yookay“ experience thrown in…

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