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The Latest Breaking News from Rachel Reeves

UK Govt Pledges To Keep Grip On Spending Ahead Of Budget

Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech.

International Business Times

Watch live: Keir Starmer faces Kemi Badenoch at PMQs

Watch live as Sir Keir Starmer and Kemi Badenoch face off in Prime Minister Questions on Wednesday (3 September).

The Independent UK

Economy ‘not working well enough’, says Reeves as she sets November 26 Budget

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Evening Standard

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UK Government bond sell-off eases after Budget date confirmed

Financial markets have been heavily focused on the upcoming Budget, with the sell-off in gilts largely down to worries over Britain’s public finances.

Evening Standard

Chancellor Rachel Reeves admits economy 'is not working well enough' as she reveals Budget date

The Chancellor is facing pressure to steady the UK economy and plug a £41 billion black hole in public finances

Evening Standard

With Israel's offensive drawing close, Palestinians in Gaza City fear permanent displacement

With Israel promising a punishing new offensive, Palestinians in Gaza's largest city are paralyzed with fear

The Independent UK

Autumn Budget date set for November 26, Chancellor Rachel Reeves announces

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Evening Standard

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Rachel Reeves’s autumn budget will take place on 26 November

As the later-than-usual date is set, chancellor insists the economy ‘isn’t broken’ but ‘isn’t working well enough’

The Guardian - UK

Pressure on Chancellor ramps up as government bond sell-off deepens

Long-dated gilts hit fresh highs not seen since 1998 and the pound fell further amid worries over public finances in the UK and globally.

Evening Standard

BoE’s Bailey plays down surge in 30-year borrowing costs, and criticises Trump’s attacks on the Fed – as it happened

UK 30-year yields rose above Tuesday’s levels in early trading but have now dropped back

The Guardian - UK

Tories will challenge Government to rule out property tax hikes

Rachel Reeves is reportedly considering ending the exemption from capital gains tax for more expensive homes.

Evening Standard

UK hit by fresh sell-off in government bond markets as pound weakens

Yield on 30-year gilts hit highest level since 1998, indicating it will cost UK more to borrow from markets

The Guardian - UK

Reeves’ tax hikes have hit ‘one in five job vacancies’ at small firms as Labour urged to fix ‘utter mess’

Exclusive: The Federation of Small Business has claimed Rachel Reeves does ‘not have the backs’ of its members as new analysis of official statistics by the Lib Dems has revealed the impact of the national insurance hike for employers

The Independent UK

Stocks slide and pound dives as bond yields spike

The FTSE 100 index closed down 79.65 points at 9,116.69.

Evening Standard

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The Guardian - UK

Rising bond yields leave Reeves with no choice but to plan a ‘muddle-through’ budget

Despite predictions of a 1970s-style budget crisis, analysts point out similar rises are taking place in other markets

The Independent UK

PM says his relationship with chancellor is stronger after reshuffle

IN FULL

The Independent UK

No 10 insists Reeves’s authority not dented by reshuffle after market jitters

Downing Street underscored ministers’ continuing commitment to fiscal rules as government borrowing costs surge

The National (Scotland)

No 10 is a shambles. What Keir Starmer does next is key

KEIR Starmer’s government has returned from their summer break and decided to don an enormous glowing neon sign saying: “We’re in trouble and…

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Evening Standard

Reeves’ authority not dented by reshuffle, No 10 says in bid to calm markets

Downing Street underscored ministers’ continuing commitment to fiscal rules as government borrowing costs surge.

The Guardian - UK

Now showing: it’s Keir Starmer’s march of the ‘grownups’ – the disaster movie we’re all being forced to watch

The PM has brought in Darren Jones, whose superpower is ‘relentless delivery’. If that won’t save the world, what will? asks Guardian columnist Marina Hyde

Evening Standard

Angela Rayner arrives for Cabinet meeting in striking sunglasses as row over her tax affairs rumbles on

Angela Rayner’s striking sunglasses catches the eye as she attends the first Cabinet meeting since the summer recess

The Guardian - UK

Asylum seekers could be housed in ‘modular buildings on industrial sites’ when hotels close, No 10 says – as it happened

Government spokesperson confirms migrants could be housed on industrial sites

Evening Standard

Chancellor under pressure as government borrowing costs surge to 27-year high

The yield on UK government bonds – also known as gilts – jumped to the highest level since 1998.

Evening Standard

Cooper denies Reeves being ‘sidelined’ after No 10 shake-up

Preparations for the budget are likely to dominate the coming weeks.

The Guardian - UK

Pressure rises on Reeves as government borrowing costs hit 27-year high

Chancellor will face more limited fiscal headroom at budget after yield on 30-year bond increases to 5.723%

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