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The Latest Breaking News from Rachel Reeves

Brexit partly to blame for high inflation, says Rachel Reeves

The Chancellor was speaking at Riyadh’s Future Investment Initiative summit on her visit to Saudi Arabia.

Evening Standard

Treasury urged to set out plan to ‘un-gum’ housing amid call to axe stamp duty

Sir Mel Stride likened Chancellor Rachel Reeves to Captain Mainwaring from Dad’s Army.

Evening Standard

Gambling does not cause any ‘social ills’, lobbyist tells incredulous MPs

Head of UK’s Betting and Gaming Council was asked to repeat claim as she spoke against increasing taxes on sector in November budget

The Guardian - UK

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'It's not dangerous' to talk about Brexit and undoing economic harm of quitting EU, says Rachel Reeves

Labour had shied away from mentioning the B-word before the 2024 general election for fear of alienating voters in the so-called ‘Red Wall’

Evening Standard

Theresa May slaps down Robert Jenrick for turning judges into ‘villains’

The former prime minister also warned the Tories must stop chasing the Reform party

The Independent UK

Rachel Reeves sent major cash ISA cut warning over £2.5bn Treasury losses

The chancellor may still be considering a cut to cash ISA savings limits, but there are fears it would not encourage people to start investing

The Independent UK

Steeper UK productivity cut of more than £20bn makes tax rises more likely

Rachel Reeves faces bigger-than-expected hit in 26 November budget from revised OBR forecast

The Guardian - UK

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William Hill owner cheers ‘good progress’ as sports betting boosts revenues

The figures come around two weeks after the company said it was considering store closures if it is hit by higher taxes at next month’s Budget.

The Independent UK

Fears grow over big tax rises in Budget as Rachel Reeves hit with £20 billion productivity blow

The Office for Budget Responsibility is set to downgrade its productivity forecasts by more than expected

Evening Standard

Rachel Reeves faces new £20bn Budget blackhole

A downgrade in the productivity figures could leave Reeves with a bigger fiscal gap

The Independent UK

Stock markets rise to record highs and Apple touches $4tn market value for first time – as it happened

UK chancellor confident of Gulf trade deal, as she faces £20bn-plus hit to public finances from UK productivity downgrade

The Guardian - UK

Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

The Independent UK

Reeves says tax rises are on the table for upcoming Budget

IN FULL

The Independent UK

How can Rachel Reeves reduce inflation?

Five ways the chancellor could mitigate a UK inflation rate that is harming households – and Labour’s vote share

The Guardian - UK

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Evening Standard

MPs repeat plea for Government to lift two-child benefit cap ahead of budget

Work and pensions minister Andrew Western says Government are considering a number of ‘levers’ to bring child poverty down.

Evening Standard

Woman who tried to summon her MP to court guilty of harassment

Smith will be sentenced in November.

The Independent UK

No Pip eligibility changes at next month’s Budget, says minister

Sir Stephen Timms took a question about the Motability scheme, which personal independence payment claimants can use to lease a new vehicle.

Evening Standard

Trans woman guilty of harassing government minister Ellie Reeves with threats and bid to summons her to court

Ellie Reeves gave evidence from behind a screen at Westminster Magistrates’ Court

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The Independent UK

Barclays to restart investment banking in Saudi Arabia 11 years after exit

The bank said the expansion was ‘central to our Middle East growth strategy’, as it follows in the footsteps of rival lenders re-entering the market.

The Independent UK

Job vacancies fall to lowest level in 2025 as Reeves urged to deliver a ‘pro-jobs Budget’

Consultancy, press relations and marketing are among the sectors showing a sharp drop in roles

Fortune

Rachel Reeves says the U.K. has been successful with Trump 2.0 because it shares the same concerns about global imbalances

The chancellor of the Exchequer said: “I think relationships are important—whatever business you’re in, whether it’s business or politics—and it’s really important on the international stage.”

Evening Standard

Four out of five homes hit by a Labour mansion tax 'would be in London and SE'

Latest Budget rumours suggest homeowners could face 1% annual bill on properties worth more than £2 million

Evening Standard

Millions of households to be hit with tax rises in the Budget, Chancellor Rachel Reeves signals

The Chancellor told an economic forum in Saudi Arabia that she would avoid growth-busting new levies on businesses

The Independent UK

Mansion tax idea is incoherent, former Bank of England boss warns Reeves

Ex Bank governor Mervyn King says problems will not be resolved by ‘just adding another wealth tax’

The Independent UK

Rachel Reeves hints at tax rises in Budget as she heads to Riyadh in search of trade deal

The chancellor is widely expected to use the Budget to increase taxes once again, with the Institute for Fiscal Studies estimating she needs to find £22bn via tax rises or spending cuts to meet her self-imposed fiscal rule

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