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The Latest Breaking News from Rachel Reeves

Angela Rayner resigns over stamp duty row

Rayner’s departure is deeply damaging to prime minister who had initially stood by her

The Guardian - UK

Voices: Does firing your worst employees ever make business sense?

COMMENT : As Lloyds plans to cut its bottom 5 per cent of staff, James Moore asks if threatening thousands of ‘underperformers’ with the sack can have an energising effect on the workforce

The Independent UK

Angela Rayner, plain-speaking scourge of the Tories, made herself vulnerable

Northerner whose emotional openness was an electoral asset eventually had to follow advice she had given to Tory rivals and quit

The Guardian - UK

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UK businesses cut jobs at fastest pace in four years over summer, Bank of England finds

Companies say increase in employer national insurance contributions has forced them to cut jobs and raise prices

The Guardian - UK

Pressure mounts on Rayner as Starmer refuses to back her staying in post as tax dodge crisis deepens

Starmer has repeatedly declined to say whether he would sack Rayner, his deputy, if his independent ethics watchdog rules against her

The Independent UK

Voices: Is this the real reason the cost of your winter sun break is sky high…?

COMMENT : As Ryanair and Jet2 both announce cuts to their winter flight schedules, James Moore says package holiday customers are too hard-pressed by economic uncertainty to risk getting away from it all

The Independent UK

‘Lateness’ of UK Budget ‘entirely undesirable’, says Swinney

The First Minister was speaking after Chancellor Rachel Reeves said she will outline her fiscal plans in the Commons on November 26.

Evening Standard

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Keir Starmer dodges Scottish press on trip to Glasgow

KEIR Starmer has been panned for dodging the press on a trip to Scotland.

The National (Scotland)

PM and Cabinet rally round Rayner amid property tax row

The Prime Minister and Chancellor Rachel Reeves gave the Deputy Prime Minister their ‘full confidence’.

Evening Standard

Voices: Have Labour’s big guns started to turn on Angela Rayner?

COMMENT: By offering only lukewarm and limited support to the deputy prime minister, cabinet colleagues could be accused of giving her a little nudge along the gangplank towards the drop, says John Rentoul

The Independent UK

‘Tax evader’: Vandals target Angela Rayner’s Hove flat in wake of stamp duty scandal

A spokesperson for Angela Rayner decried the graffiti, which include the word ‘b***h’, as ‘unjustifiable and beyond the pale’

The Independent UK

Angela Rayner's flat vandalised with graffiti after stamp duty admission

Angela Rayner's £800,000 seaside flat in the south of England has been vandalised after she admitted to not paying enough tax on it.

The National (Scotland)

Rachel Reeves declares confidence in Angela Rayner after stamp duty ‘error’

Chancellor defends deputy prime minister as more details emerge about timeline of legal advice

The Guardian - UK

Rayner lawyers ‘made scapegoats’ and ‘did not give her tax advice’ on flat at centre of row: UK politics live

Angela Rayner said she was given inaccurate legal advice that led her to underpay tax when buying a flat in Hove in May

The Independent UK

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Evening Standard

Angela Rayner resigns LIVE: David Lammy becomes Deputy PM in reshuffle as MP quits cabinet over stamp duty scandal

Sir Keir Starmer carrying out major cabinet reshuffle after Angela Rayner’s dramatic departure

The Independent UK

Thousands of Lloyds Banking Group staff at risk of losing jobs in push for ‘high-performance culture’

The banking group plans to change how it monitors the performance of its employees and manages staff turnover

Evening Standard

Lloyds to put thousands of staff at risk of dismissal in performance drive

The banking group plans to change how it monitors the performance of its employees and manages staff turnover within the business.

Evening Standard

Ministers defend Rayner in tax row as fresh property purchase details emerge

Sources close to the Deputy Prime Minister said she was given three separate pieces of legal advice before buying an £800,000 property in Hove.

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The Guardian - UK

Wealth tax needed to help working people and avoid threat from Reform, says union chief

Exclusive: Paul Nowak says Rachel Reeves should ‘stay the course’ on plans for investment

The Independent UK

Starmer needs to show he is on the side of working people or Farage will become PM, warns Labour’s biggest backer

Ahead of the TUC congress next week, general secretary Paul Nowak has spoken to The Independent about why Keir Starmer’s government needs to introduce ‘popular’ wealth taxes in the Budget to combat Farage and Reform

The Guardian - UK

The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes

Editorial: Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demand

The Independent UK

Reeves names last possible date for Budget as she eyes tax hikes to plug £40bn black hole

Sources tell The Independent the chancellor favours raising capital gains tax and introducing a gambling levy

The Guardian - UK

Rachel Reeves can’t resist the short-termist narrative of the bond markets

Letters: The idea of a fragile economy whose health is subject to very short-term events is false, writes Prof Saville Kushner, while Dave Hollis calls for taxes on polluters

Evening Standard

Stocks climb and pound firms as bond yields ease

The moves help ease some of the immediate pressure on Chancellor Rachel Reeves.

Evening Standard

Labour will ‘tax the living daylights out of your family’s future’, say Tories

Opening the Conservatives’ opposition day debate, Sir Mel insisted ‘nothing is safe from the tax man’ under Labour.

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