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The Latest Breaking News from Rachel Reeves

UK poverty crisis laid bare as 500,000 children living in families trapped in benefits debt cycle

Exclusive: Tens of thousands of families are forced to take out loans to cover the five-week wait until their first universal credit payment – but many struggle to pay it back

The Independent UK

Ministers barred from using emergency Treasury funds for public sector pay rises

The Treasury is limiting access to the reserve for departments ahead of the Budget.

Evening Standard

UK Treasury tells ministers not to expect bailouts from its reserve fund

Departments told to manage their own cost pressures as finance ministry seeks to curb overuse of contingency fund

The Guardian - UK

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No more bailouts to fund public sector pay rises, cabinet ministers warned

Labour chancellor Rachel Reeves tightens purse strings ahead of difficult Autumn Budget

The Independent UK

Badenoch vows to scrap stamp duty for primary homes in bid to free up housing market

Economists have welcomed the plans, but questions remain over how the party would pay for it

The Independent UK

Chancellor given £2bn Budget boost after VAT error sees borrowing revised down

The ONS admitted that errors in VAT data meant that government borrowing estimates have been over-stated by between £200 million and £500 million.

Evening Standard

Stamp duty, tractor tax and doctors’ strikes: Key takeaways from Badenoch’s Tory conference speech

The Independent looks at the key policies announced in Kemi Badenoch’s conference speech

The Independent UK

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Badenoch vows to abolish stamp duty as she closes Tory conference

She pledged a ‘golden rule’ on her budget plans, spending only half of any savings made through spending cuts, with the rest to reduce the deficit.

The Independent UK

Data error gives Rachel Reeves an extra £3bn for Budget – but she still has to find up to £40bn

The latest revisions hand a rare boost to the beleaguered chancellor, who is gearing up for a difficult Budget next month

The Independent UK

Rachel Reeves given extra £3bn for budget after VAT error fixed

ONS says public borrowing estimates have been out by £200m-£500m a month since January

The Guardian - UK

Badenoch unveils ‘golden rule’ to use half of spending cuts to reduce deficit

Conservative leader aims to rebuild party’s economic credibility after it was torched by her predecessors

The Guardian - UK

Kemi Badenoch to focus on economy in crunch leader’s speech to Tory conference

The party leader will set out a ‘golden rule’ that half of money saved from cuts must be put towards driving down the deficit as she seeks to restore party’s economic reputation

Evening Standard

Kemi Badenoch to focus on economy in leader’s speech to Tory conference

The party leader will set out a ‘golden rule’ that half of money saved from cuts must be put towards driving down the deficit.

The Independent UK

Plans to weaken protections for national parks will have ‘disastrous consequences’ say green groups

Exclusive: Letter from 170-plus organisations calls on government to drop proposed changes to planning law

The Guardian - UK

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The Independent UK

Badenoch to unveil ‘golden rule’ for economy as she attempts to win back Tory credibility destroyed by Truss

Kemi Badenoch will try to maximise Labour’s problems on the economy to win back public support

Evening Standard

Raise alcohol taxes to tackle job-related drinking ‘productivity crisis’ – think tank

Research found workers’ productivity and economic growth is being stifled by the impact of alcohol consumption at work events.

The Guardian - UK

Rachel Reeves clears planning blockage amid ‘good relationship’ with developer

Exclusive: Chancellor says 20,000 homes were being held up due to ‘some snails that are a protected species or something’

The Guardian - UK

It’s Tory conference: Boriswave goodbye to a deluded party on its way to electoral annihilation

When both Reform and the Liberal Democrats are eating your lunch, and even Nadine Dorries has abandoned ship, it might just be time to call it, says Guardian columnist Marina Hyde

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The Guardian - UK

UK house price growth slows as buyers show caution before budget

Cost of a typical home fell £794 to £298,184 in September after 0.2% monthly rise in August, says Halifax

The Independent UK

Alleged Covid fraudsters warned to pay up or face the ‘hit squad’

A deadline has been set for suspected fraudsters to return any taxpayers’ money they may have received under false pretences during the pandemic

Evening Standard

Covid fraudsters urged to pay up before December or face ‘hit squad’

The Government has pledged to hit perpetrators with fines of up to 100% of the value of the money they swindled from the taxpayer.

The Conversation

Will Rachael Reeves’ youth unemployment scheme force her to bend her own rules?

UK chancellor Rachel Reeves has set out a “youth guarantee” aimed at ending long-term unemployment among young people. Under the plan, a young person who has been out of work for 18 months would be offered a temporary job, apprenticeship or college place.

The Independent UK

Starmer faces cabinet revolt over Budget tax rises that could drive wealthy away

‘The trouble is we have crossed a line in trying to encourage aspiration. The non-dom change and the VAT on school fees have sent the opposite message,’ minister tells The Independent

The Guardian - UK

As London stock market listings show signs of life, Reeves must add momentum

With tentative signs of a revival in IPOs, the chancellor should use the moment to cut the 0.5% charge on share purchases

The Guardian - UK

France is in crisis but bond markets leave other governments at risk of meltdown too

Investors rattled by resignation of French PM but country is not alone in trying to grapple with political maths

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