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The Latest Breaking News from Rachel Reeves

Chancellor ‘must raise taxes to help plug £40bn-plus gap to meet fiscal rule’

Rachel Reeves is set for a £41.2 billion shortfall on her ‘stability rule’, he National Institute of Economic and Social Research said.

The Independent UK

Rachel Reeves faces ‘impossible trilemma’ and must raise taxes or cut spending to plug £50bn black hole

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

The Independent UK

Rachel Reeves Urged to Tax Migrant Remittances and Crack Down on Illegal Work

These guilty firms could also face steep financial penalties, which would help fund a whistleblower reward system offering £500 per verified illegal worker,

The Fashion Central

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Tories demand Reeves ‘urgently rule out’ investment tax hikes

The Tories claim scrapping the £500 dividend allowance will drag an estimated 5.22 million more people into paying investment levies.

Evening Standard

Rachel Reeves under pressure to ‘urgently rule out’ tax hikes

The Tories argue that leaving investors ‘in limbo’ could harm the economy

The Independent UK

‘I’d do it all again’: the UK factory worker who beat the car lenders in court

Marcus Johnson’s successful claim means more consumers can access a multi-billion-pound compensation scheme

The Guardian - UK

Voices: George Osborne is right – Britain can’t afford to ignore the new cryptocurrencies

INSIDE BUSINESS: Former chancellor warns the UK against abandoning the global crypto race, says James Moore – and, when it comes to loosening consumer protection rules, he may have a point

The Independent UK

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The taxwoman cometh... with her sights set on London

More tax hikes seem inevitable in Rachel Reeves’s Budget — and the capital is likely to face the worst of them, writes Jonathan Prynn

Evening Standard

High street banks lost £100bn in customer savings to rivals since 2019 – report

A report from KPMG has warned that traditional banks will need to overhaul and embrace AI as they face a squeeze on profits over the years ahead.

Evening Standard

Reeves acknowledges voter disappointment amid fresh call for wealth tax

IN FULL

The Independent UK

Labour minister Chris Bryant says he was sexually abused by former National Youth Theatre boss

Sir Chris Bryant describes the abuse as being ‘absolutely appalling’

The Independent UK

Labour does not deserve to win next election if it does not deliver change, says Reeves

Speaking at the Edinburgh Fringe festival, the chancellor says she is ‘impatient for change’ but ministers ‘can’t do everything straight away, all at once’

The Independent UK

Rachel Reeves accuses Jeremy Corbyn of trying to destroy Labour

IN FULL

The Independent UK

Rachel Reeves making ‘even bigger mistakes’ than Liz Truss, says Kemi Badenoch

The Tory leader said ‘Keir Starmer and Rachel Reeves have not learnt the lessons of the mini-budget’.

Evening Standard

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The Independent UK

Yvette Cooper’s fast-track asylum plan revealed after protests across UK

Tensions over asylum hotels have flared up in recent weeks, with a protest and counter-protest taking place on Saturday outside the Thistle City Barbican Hotel in north London

The Independent UK

Rachel Reeves launches scathing attack on Jeremy Corbyn and Your Party: ‘The bloke’s got a big ego’

Rachel Reeves launched an attack on Mr Corbyn’s ‘ego’ as she accused him of ‘trying to destroy my party’

Evening Standard

Chancellor: Public will reject Corbyn’s new party like they rejected him before

Rachel Reeves launched an attack on Mr Corbyn’s ‘ego’ as she accused him of ‘trying to destroy my party’.

The Guardian - UK

Labour does not deserve to win next election without change, Reeves says

Chancellor admits voter frustration as government faces renewed calls from Labour politicians for a wealth tax

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The Guardian - UK

Chancellor’s attempt to intervene in car finance scandal branded ‘disgraceful’

Defending industry over consumers sends ‘really bad message’, says Treasury committee member Bobby Dean

Evening Standard

Reeves: Of course you are going to disappoint people as Chancellor

The Chancellor told an audience in Edinburgh that she understood that being Chancellor meant making unpopular decisions.

The Independent UK

Rachel Reeves admits Labour has ‘disappointed’ people while in government

The Chancellor told an audience in Edinburgh that she understood that being Chancellor meant making unpopular decisions

The Independent UK

Starmer needs to listen to us, says Labour MP who quit government over welfare cuts

Vicky Foxcroft dramatically quit as a government whip in June amid concerns over planned welfare cuts

The Guardian - UK

Blow to consumers as supreme court hands partial win to car finance firms over loans

Millions of drivers to miss out on compensation after UK’s highest court sides with finance companies

The Independent UK

Rachel Reeves rejects Donald Trump’s call to halt ‘unsightly windmills’ in North Sea

Chancellor backs renewable energy plans and dismisses calls to ‘incentivise the drillers’

The Guardian - UK

UK government has ‘got the balance right’ on tax, says Rachel Reeves

Chancellor responds to calls for wealth tax on millionaire households

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