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The Latest Breaking News from Rachel Reeves

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

The Independent UK

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

Evening Standard

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

The Guardian - UK

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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

Evening Standard

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

The Independent UK

Rachel Reeves considering pay-per-mile tax for electric vehicles in budget

EV drivers would face 3p-a-mile charge on top of other road taxes to offset falling revenue from petrol and diesel cars

The Guardian - UK

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Introducing 3p per mile EV fee at Budget could be ‘poll tax on wheels’

Chancellor Rachel Reeves will unveil the policy when she delivers her November 26 Budget, it has been reported.

Evening Standard

Bank of England says UK inflation has peaked after leaving rates at 4%; US job cuts jump as firms turn to AI – as it happened

Economists predict UK rate cuts in December, after narrow vote to hold Bank Rate at 4% today

The Guardian - UK

Rachel Reeves is damned if she raises income tax in the budget – and damned if she doesn’t

The only way the chancellor can save herself is to lower living costs or make big improvements to public services. Farage waits in the wings if not, says Guardian columnist Martin Kettle

The Guardian - UK

Prisoner manhunt continues as Lammy faces slew of questions

Police are trying to track down two inmates released in the last week from HMP Wandsworth.

Evening Standard

Budget tax rises must be temporary and coupled with pro-business plan, TBI says

Sir Tony Blair’s think tank urged the Government to ‘move beyond the caution’ of its first year in office.

The Independent UK

Reeves urged to examine ‘legality’ of Shell-Equinor deal to create new company

Campaigners opposed to the Rosebank oil field, of which Equinor is a majority shareholder, are amongst those raising concerns with the Chancellor.

Evening Standard

How Rachel Reeves can ‘break Britain’s tax-and-spend doom loop’ as Budget looms

A report from the Tony Blair Institute has called on the chancellor to ‘bring businesses back onside’

The Independent UK

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The Independent UK

Gordon Brown to issue warning on ‘shameful epidemic’ of child poverty in Britain

The ex-Labour leader will also call for Rachel Reeves to raise taxes on gambling firms to cover the cost of lifting the two-child benefit cap

Evening Standard

Child poverty biggest threat to UK’s long-term economic future – Gordon Brown

Mr Brown is expected to call for a ‘new coalition of compassion for children that will create a chain of hope for children right across our country’.

Evening Standard

Rachel Reeves warned not to rely on business taxes to fill Budget black hole

The Confederation of British Industry said the Government ‘cannot pull the business tax lever once again to balance the books’.

The Independent UK

Reeves must slash tax again before next election if she breaks manifesto pledge, Tony Blair think tank warns

Labour chancellor told any tax hikes must be temporary in a bid to break Britain’s ‘tax-and-spend doom loop’

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The Guardian - UK

Marks & Spencer’s cyber-trauma is bad, but clearly manageable

Chief executive criticises chancellor before budget that could prove bigger threat to business than ‘the incident’

Evening Standard

UK will not invest in Brazilian tropical forest fund at Cop30

Britain will not commit public money as Rachel Reeves grapples with balancing the books ahead of the Budget.

The Conversation

The UK’s wealth ‘timebomb’ – and how to defuse it

When the full, unexpurgated diaries of the Conservative MP Sir Henry “Chips” Channon were published in 2021, these disarmingly frank accounts of his aristocratic life in mid-20th century Britain caused a stir. They revealed the inner thoughts of a renowned social climber and rightwing snob, whose political career never recovered…

International Business Times UK

Planning on Leaving the UK for Good? Rachel Reeves Might Tax You More on Remaining Assets

Chancellor Rachel Reeves weighs 20% settling-up charge on UK assets for wealthy leavers in budget 2025, targeting tax havens and aligning with G7 amid 16,500 millionaire migrations.

Evening Standard

Badenoch warns of ‘oil and gas emergency’ in call for new drilling

The Conservative leader travelled to the north-east of Scotland to launch her party’s new campaign to end the moratorium on new oil and gas licences.

Evening Standard

M&S boss warns customer confidence dented by Budget worries

Chief executive Stuart Machin said the Chancellor’s pre-Budget speech on Tuesday did not ease customer fears or give certainty to business.

Evening Standard

Budget tax hikes should be coupled with major reform, Osborne says

Tory ex-chancellor George Osborne conceded large reforms to the tax system can be difficult politically as he pointed to his 2012 ‘pasty tax’ budget.

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