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The Latest Breaking News from Rachel Reeves

Do not cut cash Isa allowance in the Budget, senior MPs warn Reeves

It is ‘not the right time’ to cut the tax-free limit, a senior MP warns

The Independent UK

Government should not cut cash Isa allowance, says Treasury Committee

The MPs said the focus should instead be on improving financial literacy and enhancing access to good investment advice and guidance.

Evening Standard

Chancellor declines to rule out income tax hike – reports

Raising the basic rate of income tax by 1p could raise around £8 billion, but would break a clear manifesto pledge.

Evening Standard

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Brits to Spend More This Christmas – But Falling Savings and Budget Fears Signal Tougher Times Ahead

UK consumer confidence hits a high, but growing anxiety over personal finances is evident as savings decline.

International Business Times UK

Rail line to reopen in Oxford as part of ‘Europe’s Silicon Valley’ project

Two new stations are to be built in Oxford as part of the development

The Independent UK

How could inheritance tax change at the Budget?

The chancellor is reportedly considering a number of tweaks to inheritance after last years’ reforms

The Independent UK

What kind of country puts its pensioners ahead of children in poverty?

As long as a third of children are living below the poverty line, the government cannot justify keeping the pensions triple lock, says Guardian columnist Polly Toynbee

The Guardian - UK

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Rachel Reeves ‘considering breaking Labour manifesto pledge with income tax raid’

Rachel Reeves is reportedly considering raising income tax to help fill an estimated shortfall of between £30bn and £50bn

The Independent UK

Union calls on Chancellor to freeze duty on Scotch whisky

GMB Scotland, one of the largest unions in the industry, has written to Rachel Reeves.

The Independent UK

Consumer confidence rises ahead of Black Friday sales

GfK’s long-running Consumer Confidence Index increased by two points in October – although it still languishes at minus 17.

Evening Standard

Ministry of Defence forecast to exceed budget by £2bn in summer estimate

The department’s financial position has improved since then, it is understood.

Evening Standard

Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

Evening Standard

Reeves considers breaking manifesto pledge with income tax rise to fill £30bn gap

Exclusive: Treasury discussions include possibly adding 1p to basic rate or raising higher or additional tax rates

The Guardian - UK

How might Rachel Reeves target lawyers, accountants and doctors in her budget?

Insiders say chancellor is planning a tax raid on partnership structures that could raise £1.9bn

The Guardian - UK

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The Independent UK

The common myth over unmarried people living without a will - and why it could be costly

When one person dies their partner does not have the same entitlements if the pair are not married

Evening Standard

Sweet dreams... are we sleepwalking into a catastrophic health crisis?

Sleep depravation is an overlooked issue that Dr Andy Galpin thinks urgently needs addressing. Will Rogers-Coltman finds out more

The Guardian - UK

Rachel Reeves is the face of this budget. But the really big decisions are not in Labour’s hands

The UK’s economic policy isn’t decided by politicians, but by the OBR and the Bank of England. This is a system in dire need of a rethink, says Guardian columnist Larry Elliott

The Independent UK

Helping Hand mortgage sees massive rise in first-time home owners

The mortgage deal allows first-time buyers to borrow up to six times their income

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Evening Standard

Reeves hails £500m package for homes and transport in Oxford-Cambridge corridor

The Chancellor said the Government has ‘massive ambitions’ for the area.

The Independent UK

Scrapping two-child benefit cap cost-effective way to reduce poverty – IFS

Chancellor Rachel Reeves has faced increasing calls to lift the cap.

The Independent UK

Scrapping two-child benefit cap could lift 630,000 children out of poverty

Scrapping the two-child benefit cap would be among the most cost-effective ways to reduce child poverty, the Institute for Fiscal Studies has said

International Business Times UK

UK Inflation Stays High: What's Next for the Budget?

UK inflation held at 3.8% in September as core eased to 3.5%, gilt yields fell, and attention turned to Rachel Reeves's 26 November Budget and the fiscal trade-offs ahead.

The Guardian - UK

Chancellor hoping shift in tone on Brexit will ring true for key groups of voters

Rachel Reeves’ criticism of Brexit impact on economy is aimed at leave voters who have changed their minds and younger voters, says analysts

The Guardian - UK

Reeves expected to scrap ‘low-value imports’ loophole that benefits Shein and Temu

Chancellor reportedly plans to close tax loophole in budget, after complaints by UK retailers of uneven playing field

The Independent UK

Brits charged more than £100m in ISA penalties last year – Rachel Reeves, please fix this mess

SAVING FOR PROPERTY: The Lifetime ISA was meant to help young people buy their first home. Instead, it’s punishing them for trying. Gabriel Nussbaum explains why the Chancellor needs to reform it - before more first-time buyers pay the price

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