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The Latest Breaking News from Rachel Reeves

Retailer says larger stores to come under pressure from rate changes

IN FULL

The Independent UK

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?

Evening Standard

Primark owner delivers warning to Rachel Reeves over ‘mistaken’ rate changes

Chancellor Rachel Reeves faces the daunting task of boosting Treasury revenues to address a potential £40 billion deficit in state finances

The Independent UK

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

Bank of England urged to slow bond-selling plan to help cut record UK borrowing costs

Ex-MPC members say ‘quantitative tightening’ should be scaled back or halted entirely, saving the Treasury up to £10bn a year

The Guardian - UK

Thames Water paid £1m-plus to corporate spooks firm part-owned by Starmer adviser

Exclusive: Hakluyt – formerly run by Varun Chandra – has been advising utilities company as it tries to avoid renationalisation

The Guardian - UK

Wealthy parents rush to give children their assets as tougher UK inheritance tax rules loom

Big family enterprises, which previously paid no IHT, will face tax of 20% on value above £1m from April

The Guardian - UK

Voices: Zero change. Zero growth. Zero hope of Rachel Reeves being rescued

COMMENT: The chancellor, faced with a flatlining economy, is trapped in an impossible dilemma – come the Budget, she’ll have to break her election promises or break her fiscal rules, warns John Rentoul

The Independent UK

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Voices: It will take more than a £6 ‘meal deal’ to shake up Pret

COMMENT: It’s about time the embattled food chain offered a sandwich lunch plus drink and crisps for under a tenner – but office workers are still sore from all the years of eye-watering ‘Pretflation’. Will they bite, asks James Moore

The Independent UK

Barclays chief urges Government to limit wage rises and avoid hiking bank taxes

CS Venkatakrishnan, chief executive of the banking group, told the Financial Times that wage inflation was a problem across the UK economy.

Evening Standard

Barclays boss urges UK ministers to limit public sector pay rises

TUC says CS Venkatakrishnan has ‘brass neck’ calling for curbs when his pay packet has doubled to £10.5m

The Guardian - UK

Stagnant GDP shows scale of challenge for Rachel Reeves at autumn budget

Chancellor calls economy ‘stuck, not broken’ but there are signs her policies have added to the UK’s economic headwinds

The Guardian - UK

UK economy flatlines in July in grim news for Rachel Reeves

Official GDP figures confirm widely expected slowdown after strong expansion in first half of the year

The Guardian - UK

Business rates rise would put hundreds of big shops at risk, say UK retailers

Concern for ‘anchor tenants’ as trade body warns that stores could put up prices or cut jobs to protect profits

The Guardian - UK

High street crisis deepens with 400 of Britain’s largest shops at risk of closure

Industry leaders have responded to the government’s proposed higher business rates tax band

The Independent UK

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news in one place.

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The Independent UK

Treasury targets business rates to boost small companies’ expansion

IN FULL

International Business Times UK

Should UK's Side-Hustle Taxes Be Relaxed? Online Platforms Seem to Think So

Online platforms urge Chancellor Rachel Reeves to raise the tax-free side hustle limit from £1,000 to £3,000 to boost growth.

The Independent UK

Primark boss issues stark warning to Reeves over Budget

George Weston urged the chancellor not to give consumer confidence another ‘great whack’ in November

The Guardian - UK

Let France be a warning, Rachel Reeves: stand up to the bond market vigilantes, or they’ll come for Britain next

Labour can stick with ‘you can’t buck the markets’ – or challenge the economic orthodoxy that has served narrow class interests for 50 years, says Guardian columnist Larry Elliott

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The Independent UK

Rachel Reeves admits economy is ‘stuck’ as she confirms business rates overhaul

British Retail Consortium said the business rates system is ‘outdated, overly complex and economically damaging’

Evening Standard

Chancellor says economy ‘stuck’ as Treasury reviews business rates cliff edges

The Treasury said it would consider overhauling small business rates relief rules which ‘can discourage’ expansion and investment

The Guardian - UK

Pre-budget howls from big business beasts go deeper than the usual tax grumbles

Top executives say ministers don’t ‘get’ business, they aren’t listening and key decisions are fluffed or take too long

The Guardian - UK

Primark owner’s boss warns Reeves not to give consumer sentiment ‘another great whack’ in budget

George Weston, CEO at ABF, also said food price inflation had peaked and would now start to ease

The Guardian - UK

Rachel Reeves tells private equity bosses she plans to shut down more regulators

Chancellor stopped short of saying which regulators were in government’s crosshairs

International Business Times UK

Reeves Blocks Wealth Tax Plan: Defies Labour Hopeful, Gambles with Public Finance Chaos

Chancellor Rachel Reeves blocks wealth tax, defying Labour MPs, risking £50B fiscal chaos. Can she balance the Budget without breaking promises?

Evening Standard

Reeves accepts impact of taxes on growth as she orders Cabinet to tighten belts

Chancellor Rachel Reeves sought to reassure business chiefs that she would seek spending restraint rather than growth-busting taxes.

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