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The Latest Breaking News from Rachel Reeves

UK borrowing hits five-year high for August at £18bn

Worsening public finances mean Rachel Reeves will almost certainly announce tax rises in November budget

The Guardian - UK

Who sat next to whom at Trump’s Windsor banquet – and what does it tell us?

US president was next to Princess of Wales while Rupert Murdoch had the ear of Starmer’s chief of staff

The Guardian - UK

Winners and losers in UK industry from Donald Trump’s state visit

The PA news agency looks at which sectors seen strong US investment and which missed out.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Bank’s interest rate vote and bond plans are little help to Reeves before budget

Holding borrowing rates and continuing bond sell-offs were widely expected but an alternative was available

The Guardian - UK

Bank of England governor says UK ‘not out of the woods’ on inflation, after leaving interest rates on hold – as it happened

BoE votes to cut its stock of government bonds at a slower pace over the next year

The Guardian - UK

Tax rises in, two-child limit out: what Resolution Foundation’s boss is urging Reeves before budget

Pensions triple lock should also go, says Ruth Curtice, a former civil servant who says it’s ‘nice to be allowed to say what you think’

The Guardian - UK

Labour is in a mess. Is there anything Starmer can do to turn things around? Our panel responds – part one

Over a year into power, Keir Starmer’s government is floundering. But it still has a large parliamentary majority and time on its side — here’s what it could do, says our first group of panelists

The Guardian - UK

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Families in Britain are £20,000 worse off than 20 years ago, report warns

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

The Independent UK

The Guardian view on Labour and the economy: the legacy was grim but voters need hope, not excuses

Editorial: The prime minister and the chancellor are running out of time to convince their own MPs that they have a plan to turn things around

The Guardian - UK

More than half of Londoners would be hit by rumoured annual property tax

The potential introduction of a national property tax on homes above £500,000 would equate to a ‘tax on London’, says Marc von Grundherr at Benham and Reeves

Evening Standard

UK's productivity forecast to be downgraded sparking tax rise fears in Chancellor's upcoming Budget

Treasury officials are anticipating that the blackhole in the UK’s finances could amount to £30billion

Evening Standard

UK inflation remains nearly double the target before BOE rate decision

Stubbornly high inflation has been one of the reasons why the Labour government's poll ratings have fallen sharply since it came to power in July 2024.

Euronews

Britain's biggest housebuilder warns late Budget increases risks for the sector

Rachel Reeves will not deliver her set piece statement to the Commons until November 26

Evening Standard

UK inflation remains nearly double target ahead of expected interest rate hold

Inflation in the U.K. held steady at 3.8% in the year to August, a day before the Bank of England is widely expected to keep interest rates on hold

The Independent UK

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The Guardian - UK

UK inflation holds steady at 3.8% as fuel prices offset falling air fares

Annual August rate released as Bank of England considers holding interest rate at 4% to tackle rising prices

The Guardian - UK

New headache for Rachel Reeves as OBR expected to lower productivity forecast

Weaker growth outlook would set chancellor on course to break her fiscal rules without significant action in budget

The Guardian - UK

‘Our plans could be derailed’: family firms say Labour tax rises will force fire sales

Manufacturers say new rules on passing on assets threaten investment and future survival of businesses

The Independent UK

Fears for UK’s pubs and restaurants as hospitality hit hardest by job cuts

The industry could lose up to 111,000 job losses in little more than a year, warns trade body UKHospitality

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The Fashion Central

Trump Touts US-UK Nuclear Agreement While Chasing Headlines on His Visit

A new US-UK nuclear agreement is being hailed as the start of a “golden age of nuclear” with fresh investment and thousands of jobs promised for Teesside.

Evening Standard

Reeves and US counterpart Bessent meet finance chiefs

Chancellor Rachel Reeves said they were delivering ‘investment and opportunity’ on both sides of the Atlantic.

The Guardian - UK

UK state pension likely to rise by 4.7% under triple lock

Increase will put further pressure on Rachel Reeves as ONS figures show pay growth slowing and job losses rising

The Guardian - UK

Reeves to host bosses of UK and US financial firms as Trump visit begins

Chancellor hosting Downing Street talks with Treasury secretary, which are aimed at securing more US investment

Evening Standard

'Seize the moment!' Rachel Reeves urged to give green light to £1.7bn DLR extension to Thamesmead

Pressure grows on Chancellor to help fund new DLR route under the Thames

The Independent UK

Retailer says larger stores to come under pressure from rate changes

IN FULL

Evening Standard

Milei has transformed the Argentinian economy — if only Labour would take note

A long-term economic basket case, the country has been revived by the radical policies of its controversial president. So what can we learn from them?

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