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The Latest Breaking News from Rachel Reeves

Budget 2025 live: Rachel Reeves faces day of reckoning as she unveils billions in tax rises

Chancellor to unveil series of tax hikes to fill black hole in public finances in highly anticipated Budget on Wednesday

The Independent UK

Thousands of Londoners 'to be hit by new expensive homes tax surcharge' in Budget

The Chancellor will reportedly hit homeowners with properties worth more than £2million with a levy that could raise £400-£450 million

Evening Standard

Veteran retail boss says Budget timing 'could not be worse' for struggling sector

Monsoon Accessorize founder’s criticism came as he revealed as return to profits despite ‘many headwinds’

Evening Standard

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Steel billionaire reportedly latest to leave UK ahead of proposed tax squeeze on ultra-rich

Move marks the latest high-profile departure amid fears Rachel Reeves’s budget will drive Britain’s wealth overseas

The Independent UK

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

Evening Standard

Reeves given stark Budget warning from business to avoid ‘death by a thousand taxes’

CBI director general Rain Newton-Smith will tell the chancellor that if her priority is growth, she needs to prove it or the country faces ‘Groundhog Day’

The Independent UK

Rachel Reeves prepares benefit fraud crackdown in Budget

The chancellor is expected to target Universal Credit reviews

The Independent UK

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Rachel Reeves to extend benefit fraud crackdown in Budget

It comes as she is expected to scrap the two-child benefit cap, in a move that could cost more than £3 billion.

Evening Standard

Government must make ‘hard choices and change course’, CBI boss to say

Rain Newton-Smith will tell ministers and business leaders that firms are worried the UK could ‘risk getting locked in a stop-start economy’.

The Independent UK

2.6 million people in London and South East to be hit by stealth income tax with Reeves Budget raid

The Chancellor is set to continue the income tax thresholds freeze, first introduced in 2022 by Rishi Sunak, until 2029/30

Evening Standard

Warning 1.3m more people could pay higher income tax rate after Reeves Budget

Concerns over the impact of a ‘stealth tax’ have been highlighted as the chancellor confirms inflation busting rise in the state pension

The Independent UK

Reeves to launch crackdown on benefit fraud alongside lifting two-child limit

Move aims to bring in extra £1.2bn of savings as government seeks to head off criticism over welfare spending

The Guardian - UK

After all the hype and confusion, Reeves’s Budget must deliver clarity, stability and direction

THE INDEPENDENT VIEW: Editorial: Britain deserves more than mixed messaging and policy drift. After weeks of premature proposals, the chancellor must deliver a Budget that provides the confidence and coherence so far lacking in both her stewardship and Labour’s broader economic direction

The Independent UK

Private finance plans for NHS buildings

Letters: Johnbosco Nwogbo says adding a new private finance debt burden is a bad idea, while Lord Hutton thinks PFIs have been good for the NHS and patients

The Guardian - UK

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Evening Standard

Reeves gets more abuse because she is a woman, Starmer suggests

Rachel Reeves told The Times Magazine this week that she was ‘sick of people mansplaining how to be Chancellor to me’.

The Independent UK

Sir Keir Starmer would ‘absolutely’ back an Angela Rayner comeback

The prime minister said women in public roles get more abuse and criticism than men

The Guardian - UK

Unions urge Rachel Reeves to deliver ‘living standards budget’

TUC calls on chancellor to focus on child poverty and upping minimum wage

The Guardian - UK

Unions urge Reeves to prioritise living standards as CBI presses for shift on employment rights

TUC calls on chancellor to focus on child poverty and upping minimum wage

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The Guardian - UK

With a million young people locked out of work, the UK’s hidden jobs crisis is only growing

Held back by Covid and then phased out by AI, Britain’s so-called Neets are desperately seeking a secure future. Who will offer them hope? asks Guardian columnist John Harris

Evening Standard

Steel billionaire Lakshmi Mittal quits London for Dubai over Labour tax shake-up

Mittal is Britain’s 7th richest individual and now plans to spend more time in the Gulf

The Guardian - UK

Budget 2025: how inflation and the two-child benefit cap have increased poverty

A visit to Kent reveals more people struggling with rising food bills and turning to food banks already suffering higher demand and fewer donations

Evening Standard

Minister blames ‘shifting sands’ amid criticism of pre-Budget ‘fiscal fandango’

Transport Secretary Heidi Alexander declined to deny that the Chancellor is planning a pay-per-mile scheme for electric vehicles.

The Guardian - UK

Rachel Reeves promises to ‘grip the cost of living’ in autumn budget

Chancellor admits economy ‘feels stuck’ for many as she signals intention to freeze income tax thresholds

The Guardian - UK

Rachel Reeves, please, let’s make budgets boring again

Budgets need to be reassuringly dull with no repeat of this year’s long, drawn-out and chaotic buildup

The Independent UK

‘We are dreading what will come’: Inside the battle for Britain’s pubs as they brace for the Budget

After a bruising few years, the country’s pubs are preparing for the Budget and say they cannot afford more bad news, Dan Haygarth reports

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