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The Latest Breaking News from Rachel Reeves

MPs urge Reeves to raise gambling taxes despite ‘scaremongering’ from firms

Treasury select committee calls for higher duties on most addictive forms, such as high-street slots and online games

The Guardian - UK

Rachel Reeves ‘plans to raise income tax’ in Budget

Chancellor reportedly looking to hike income tax but cut National Insurance in bid to place burden of tax rises on landlords and pensioners

The Independent UK

Why Rachel Reeves could impose pay-per-mile tax on electric vehicles in Budget

POLITICS EXPLAINED: Fuel duty on petrol vehicles has been frozen for so long that the Treasury has set its sights on electric cars instead, as Sean O’Grady explains

The Independent UK

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Nandy breached code over appointment of donor to lead football regulator

Culture secretary ‘deeply regrets error’ after inquiry finds failures in declaring past donations by watchdog nominee

The Guardian - UK

Business leaders urge Reeves to force pension funds to raise UK investments

More than 250 bosses ask chancellor to require schemes to put 25% of assets in British firms, which could unlock £95bn

The Guardian - UK

Labour’s new deputy leader warns Rachel Reeves not to break manifesto pledge and raise taxes

Keir Starmer’s new deputy, who replaced Angela Rayner, also demanded urgent action on the controversial two child benefit cap in the Budget

The Independent UK

Labour must stick to manifesto pledge not to raise key taxes, Lucy Powell says

The new deputy leader’s intervention could cause a headache for Chancellor Rachel Reeves, who has rolled the pitch for higher taxes at her Budget.

The Independent UK

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Interest rates: Why did the Bank stick to 4% and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

Evening Standard

Ignore the howls around pay-per-mile, chancellor. We can’t afford not to tax electric cars

The issue of how motoring taxes should change as we decarbonise the economy has been dodged for too long. Car salesmen need to get real

The Guardian - UK

Interest rates held at 4% but ‘door open’ for a post-Budget cut

The central bank’s Monetary Policy Committee opted to keep the rates the same at the final meeting before the autumn Budget.

Evening Standard

OPINION - Gambler Reeves to put billions more of taxpayers’ cash on red as she struggles to make Budget numbers add up

The Chancellor has signalled that she is ready to drive a coach and horses through Labour’s manifesto

Evening Standard

Voices: ‘The books cannot be balanced by Doge-style cuts’: Readers debate how to tackle taxes in upcoming Budget

THE INDEPENDENT DEBATE: Our community agreed that, while no one likes paying higher taxes, honesty, fairness, and careful planning are crucial if Rachel Reeves is to navigate the UK’s financial challenges without compromising public services

The Independent UK

Bank of England’s decision to keep interest rates at 4% is not all doom and gloom

Close-run vote raises hopes of rates cut in December, with inflation said to have peaked at 3.8%

The Guardian - UK

British EV Drivers to Pay New Tax Based on How Far They Go Annually, Rachel Reeves Said

EV drivers may have to pay extra per mile once Chancellor Rachel Reeves announced a new road tax scheme.

International Business Times UK

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Evening Standard

Two-child limit not policy for workshy and must be banished, says Gordon Brown

Campaigners argue that 109 children across the UK are pulled into poverty by the policy every day.

The Guardian - UK

Banks poised to escape tax rises in Rachel Reeves’s budget

UK bank shares rise after reports, with chancellor wanting sector to remain competitive to help economic growth

Evening Standard

Government says ‘fairer’ motoring tax system is needed amid pay-per-mile report

Chancellor Rachel Reeves will unveil a policy to introduce a 3p per mile tax for EVs when she delivers her Budget, the Daily Telegraph reported.

The Guardian - UK

Bank of England opens door to December rate cut as it signals inflation has peaked

Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growth

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Evening Standard

Sainsbury’s boss warns Budget tax hikes could send food prices higher

Chief executive Simon Roberts said the sector has already been hit with higher taxes and costs which have fuelled inflation.

The Independent UK

Budget tax hikes could see food prices soar, major supermarket boss warns

Sainsbury’s CEO Simon Roberts says shoppers are being ‘cautious’ ahead of the announcement later this month

Evening Standard

Pay-per-mile car tax explained: What does Rachel Reeves' plan mean for motorists?

Motorists who drive electric vehicles may face increased taxes if the plan comes into effect

The Guardian - UK

Sainsbury’s says shoppers are delaying spending in run-up to budget

Boss of supermarket urges Rachel Reeves not to fuel inflation with tax rises on retailers and suppliers

Evening Standard

Motorists 'to be slapped with pay-per-mile tax by Rachel Reeves'

The new scheme is intended to try to close the £30 billion financial black hole the Chancellor faces in the budget at the end of the month

The Independent UK

Electric car drivers could face new pay-per-mile tax under Treasury plans

Chancellor Rachel Reeves could be set to announce new EV levy that would cost average EV driver £279 a year

The Independent UK

Reeves accused of treating drivers ‘like a cash machine’ amid reports of pay-per-mile tax on electric vehicles

The Treasury is facing a fall in revenue from fuel duty as more people make the switch from petrol and diesel to electric cars

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