The Latest Breaking News from Rachel Reeves

Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insurance

Retail Prices Index - normally used as a baseline for annual regulated train fire hikes - is revealed to have shot up from 4.4% in June to 4.8% in July

In today’s newsletter: ​The local tax remains based on property values from 1991. Now, with services stretched, ministers face the near-impossible task of rewriting the rules

Over 2,000 firms collapsed in England and Wales in July as Rachel Reeves' tax hikes, rising wages, and high interest rates push Britain's businesses into crisis.

Letters: Most people support a wealth tax on £10m fortunes and want to equalise capital gains and income tax, writes Caitlin Boswell. Plus, letters by Christopher Bowser and Alan Fairs

More than half of the 1,000 wealthy respondents also said they are more likely to consider leaving the UK if Rachel Reeves introduces a wealth tax

COMMENT: The chancellor’s idea to replace stamp duty and council tax with a single charge on homes worth upwards of £500,000 could be more appealing – and more progressive – than the current mess, says Chris Blackhurst

YOUR VIEWS: Our community has hit out at plans for a £500k property tax, saying it unfairly hits ordinary homeowners and needs higher thresholds or regional tweaks

Chancellor Rachel Reeves is looking at reforms designed to target wealthier individuals

A property expert who has campaigned against stamp duty says the new tax will make it harder for Londoners to start families

The levy could be rolled out in this parliament for owner-occupied homes