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The Latest Breaking News from Rachel Reeves

Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

The Independent UK

Hospitality bosses hit out at "yet another" above inflation hike in minimum wage in 2026

It also comes as firms are still reeling from Reeves' £25billion raid on employers' National Insurance in last year's Budget.

Evening Standard

Millions of UK workers to get pay rise as Reeves plans increased minimum wage

Chancellor says people must be ‘properly rewarded for their hard work’ with 16- to 21-year-olds also in line for raise

The Guardian - UK

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Increase in minimum wage rates announced

The Government says millions of low-paid workers will get a pay rise.

The Independent UK

B&Q owner holds firm – but others might struggle if a ‘softening’ retail market turns soggy

Kingfisher may be thriving, but its numbers mask a retail landscape that looks increasingly fragile as budget looms

The Guardian - UK

Rachel Reeves warned against ‘dire’ cuts to Motability in Budget by over 40 disability charities

Exclusive: Reeves told that cuts would ‘betray disabled people and steal our independence’

The Independent UK

What Budget rumours are doing to the FTSE 100

Banking stocks had a lift amid rumours the sector will be spared a tax hit

The Independent UK

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‘Mansplaining’ is different from other criticism – and Rachel Reeves is right to call it out

Ahead of delivering a consequential budget, Rachel Reeves, the chancellor of the exchequer, told the Times she was “sick of people mansplaining how to be chancellor to me”. She added: “I recognise that I’ve got a target on me. You can see that in the media; they’re going for me…

The Conversation

Stocks rise and pound climbs as Budget rumours swirl

Chancellor Rachel Reeves is due to deliver her statement to the Commons on Wednesday.

Evening Standard

Rachel Reeves expected to scrap £300m in tax breaks for Motability scheme

Plan to remove relief from scheme that helps provide cars for disabled people likely to concern some Labour MPs

The Guardian - UK

Ultra wealthy are looking to leave the U.K. thanks to tax hikes—but the CEO of $1 billion tax platform says it’s their ‘social responsibility’ to stay

As Rachel Reeves plans to raise taxes in the U.K., Taxfix CEO Martin Ott admits ultrawealthy clients are eyeing an exit—but says it’s their “social responsibility” to stay.

Fortune

London visitors to pay tourist tax under Rachel Reeves Budget plans

Rachel Reeves, who is set to deliver her Budget on Wednesday, has signed off measures that will give English cities and regions the power to charge tourists

Evening Standard

Help to Save scheme expected to be expanded and made permanent from 2028

An expansion of the scheme will help some parents and carers to build a savings buffer.

Evening Standard

Stormont ability to mitigate Budget decisions ‘very restricted’, O’Dowd says

Chancellor Rachel Reeves will deliver her autumn Budget on Wednesday.

Evening Standard

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The Guardian - UK

What to expect in budget 2025: tax, VAT, pensions, savings and more

Here’s what Rachel Reeves is tipped to announce after months of speculation

The Independent UK

Budget 2025: 1.7 million workers to pay more income tax due to Reeves’s ‘stealth tax’

It will mean £140 more in tax for hundreds of thousands of earners

The Independent UK

Rachel Reeves plans stamp duty holiday for investors

The move is aimed at revitalising London’s flagging financial market

Evening Standard

Chancellor ‘planning stamp duty holiday on newly-listed company shares’

Rachel Reeves is said to be announcing the move in Wednesday’s Budget to help buoy the City’s competitiveness for IPOs.

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The Independent UK

Rachel Reeves wants to achieve these five things with her Budget – it won’t be easy

BUDGET 2025: The chancellor took on her role wanting nothing more than economic growth, but her priorities have now dramatically changed, as political editor David Maddox explains

Evening Standard

Motability scheme explained: What it means for drivers ahead of Budget Day

Chancellor Rachel Reeves aims to cut £1 billion from the Motability scheme in the upcoming Autumn Budget.

The Independent UK

What Rachel Reeves could do to pension tax at the Budget

As the chancellor looks to bolster government funds, few options remain off the table

The Guardian - UK

Reeves’s plan to cut cash Isa limit could raise mortgage rates, say finance bosses

Building societies fear consumers will be put off from saving if chancellor’s budget announces a 40% reduction

Evening Standard

How many children in your London borough will benefit from Reeves axing two-child welfare cap? Check our interactive map

Newham, Tower Hamlets and Hackney set to be the London boroughs where most families benefit from lifting of two-child welfare cap

The Independent UK

EasyJet boss warns against Budget move to hike flight taxes

Chief executive Kenton Jarvis said any increase would ‘dampen demand’.

The Independent UK

Tax expert reveals key reasons why Rachel Reeves’ mansion tax won’t work

Dan Neidle warns Rachel Reeves against a plan to use outdated valuations to force people to pay her planned mansion tax

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