The Latest Breaking News from Rachel Reeves

City traders were reacting to a report from the IPPR which said Rachel Reeves should impose a new bank tax.

Asda chairman Allan Leighton said the Treasury should invest in Britain rather than ‘taxing everything in some way, shape or form’

Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014

Home Office and Bell hotel owner challenged injunction granted to council that would have stopped dozens of asylum seekers being housed there

Calls for ‘Thatcher-style tax on bank profits’ to raise billions of pounds rattle bank shares

FTSE 100 banking stocks are under pressure after a think tank urged Rachel Reeves to consider tax raid on major firms such as Barclays, Lloyds and NatWest.

IN FULL

The beginning of the end came early one Saturday morning. We were sitting in the departures zone at Stansted airport, waiting to board a red-eye flight for a family birthday reunion early last year. But something was wrong with our bank account. One of our tenants had just paid his…

Hiking a levy on the profits of major firms could raise up to £8 billion a year for public services, the IPPR said.

This money is then partly being funnelled to bank shareholders due to a ‘flawed’ policy design, a new report says

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year