The Latest Breaking News from Rachel Reeves

Autumn budget must address pain of high inflation on hard-pressed UK households as food prices rise

Labour chancellor has been warned of a £50bn black hole in the government’s finances and that inflation will see consumers hit with higher prices this winter

INSIDE WESTMINSTER: Despite the humiliating U-turn on cuts to disability benefits, the prime minister has not given up on reducing ballooning social security spending. Ministers believe they have now found a way to proceed – and how to quash any rebellion, says Andrew Grice

The register of interests reveals that 83 MPs are also landlords, declaring at least £10,000 in rental income in the past year, while the Labour government pushes through its Renters’ Rights Bill

Housing campaigners say government look like hypocrites, with Rachel Reeves among those renting out properties

New legislation will see workers taxed directly from their pay packets

Experts said Persimmon was among the builders fighting issues ‘outside of its control’ in the wider property sector.

Banks will pass details to HMRC before tax is withdrawn straight from paypackets for some people

YOUR VIEWS: Our community is split over whether raising income tax is the fairest way to plug Britain’s £50bn budget gap or a risky move that could harm growth and Labour’s political standing

COMMENT: By commemorating the ‘8888’ uprising of August 8 1988 – when Myanmar’s military regime turned its guns on thousands of peaceful protesters – we not only mark the past, but cast new light on the country’s decades-long struggle for freedom, says Benedict Rogers

Stock market news and latest business and finance updates from Friday