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The Latest Breaking News from Rachel Reeves

Fears for UK’s pubs and restaurants as hospitality hit hardest by job cuts

The industry could lose up to 111,000 job losses in little more than a year, warns trade body UKHospitality

The Independent UK

Trump Touts US-UK Nuclear Agreement While Chasing Headlines on His Visit

A new US-UK nuclear agreement is being hailed as the start of a “golden age of nuclear” with fresh investment and thousands of jobs promised for Teesside.

The Fashion Central

Reeves and US counterpart Bessent meet finance chiefs

Chancellor Rachel Reeves said they were delivering ‘investment and opportunity’ on both sides of the Atlantic.

Evening Standard

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UK state pension likely to rise by 4.7% under triple lock

Increase will put further pressure on Rachel Reeves as ONS figures show pay growth slowing and job losses rising

The Guardian - UK

Reeves to host bosses of UK and US financial firms as Trump visit begins

Chancellor hosting Downing Street talks with Treasury secretary, which are aimed at securing more US investment

The Guardian - UK

'Seize the moment!' Rachel Reeves urged to give green light to £1.7bn DLR extension to Thamesmead

Pressure grows on Chancellor to help fund new DLR route under the Thames

Evening Standard

Retailer says larger stores to come under pressure from rate changes

IN FULL

The Independent UK

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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

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

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

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Evening Standard

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.

The Guardian - UK

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

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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 Independent 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

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

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’

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