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The Latest Breaking News from Rachel Reeves

In our first year Labour fixed the foundations – now we must build a stronger economy for a renewed Britain

Labour is reversing a decade of stagnation and we’re making progress on wages, jobs and trade. But there is more to do, says Rachel Reeves, chancellor of the exchequer

The Guardian - UK

The Guardian view on inheritance tax rises: to win the argument, ministers must build the case on fairness

Editorial: IHT is unpopular, but voters can be persuaded if the argument is about levelling life chances for young people

The Guardian - UK

Voices: Labour can’t hit ‘working people’, so now they’re after people who used to work

COMMENT: Whatever weasel words they may use to justify any changes to inheritance tax, the message is clear: you’re better off not making money under Labour, because they will get you in the long run, writes Chris Blackhurst

The Independent UK

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Why the UK’s bank ringfencing doesn’t need large-scale reform

Rachel Reeves would do well to drop her ‘boot on the neck’ inflammatory language and err on the side of caution

The Guardian - UK

Labour to revive Northern Powerhouse Rail project

Starmer and Reeves expected to announce move before Labour conference, with aim of boosting backbench morale

The Guardian - UK

UK Jobs Market Slows: Fewer Vacancies, Rising Costs — and Tougher Times Ahead for Jobseekers?

In the UK, vacancies fell by 5.8% between May and July this year, down to 718,000, marking the lowest level since 2021 outside of the pandemic.

International Business Times UK

Rachel Reeves looking to tighten inheritance tax rules as Chancellor scrambles to fix UK's ailing finances

The Chancellor is examining whether to harden the rules on the gifting of money and assets ahead of the Autumn Budget

Evening Standard

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Inheritance tax changes under consideration amid spending gap concerns – reports

Government U-turns over winter fuel payments and welfare reform have left Chancellor Rachel Reeves with a multibillion-pound fiscal shortfall.

Evening Standard

Keir Starmer ‘plans rise in inheritance tax’ to ease debt crisis

Critics see inheritance tax, charged on estates valued at more than £325,000, as being a wealth tax in all but name

The Independent UK

Treasury targeting inheritance tax reforms to help plug UK deficit

Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budget

The Guardian - UK

Conservatives not close to recognising ‘how badly placed they are’, says Gauke

Former minister says Tories are ignoring heartland voters and risk losing ground to Reform in next election

The Guardian - UK

London suffers worst unemployment rate in UK as Chancellor admits 'more to do' on jobs

Some 6% of Londoners are unemployed while one in five are classed as economically inactive, according to the latest statistics

Evening Standard

Northern Ireland ‘absolutely crucial’ for UK’s growth prospects – Chancellor

Rachel Reeves made her first trip to the province as Chancellor, visiting the filmmaking facilities at Studio Ulster in Belfast.

Evening Standard

Axing public notices will threaten local democracy, Cleverly tells Rayner

Sir James Cleverly has demanded the Government share its assessments of how the move would hit local newspapers.

Evening Standard

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Evening Standard

Reeves concedes Government has ‘more to do’ as unemployment at four-year high

The Chancellor insisted Labour had been ‘creating more jobs’ since entering office despite vacancy numbers declining over the last quarter.

The Guardian - UK

Rising job losses and cooling wage growth pose a challenge for Rachel Reeves

The rise in NICs, Trump’s tariffs and weak consumer spending have hit firms but there are crumbs of comfort for the chancellor

The Guardian - UK

Both left and right agree taxes must rise. Time for Labour to get creative

The faux row will be ear-splitting whether Reeves takes a lot or a little. Scepticism about a wealth tax is rising, but there are many ways to skin fat cats, says Guardian columnist Polly Toynbee

The Independent UK

Voices: Recruitment is in a doom loop – there’s only one thing for it, chancellor…

COMMENT : As a KPMG study lays bare years of falling job openings, and with the unemployment figure refusing to shrink, Britain’s bosses are stuck in hiring limbo that only Rachel Reeves can get them out of, says James Moore

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The Fashion Central

Rachel Reeves Faces Political Firestorm as Massive Tax Hikes Loom Over Britain

With a £50B budget gap and few options left, Rachel Reeves may have to raise politically toxic taxes, risking rebellion from her own party and furious voters.

The Guardian - UK

Want to know what’s going right in Britain? Come to the capital, look at the Elizabeth line railway

It’s a ‘can-do’ object lesson for the Treasury. And imagine what such ambition could do for the fortunes of Birmingham, Manchester or Leeds, says author Jonn Elledge

The Guardian - UK

B&Q boss urges Reeves to end tax breaks that favour online Chinese rivals

Plea about ‘de minimis’ rule, which has underpinned the rise of the online specialists Shein and Temu

The Independent UK

Blow for Reeves as company hiring plans ‘at record low’ in wake of national insurance hike

Labour chancellor has warned the public that the change they voted for in last summer’s election was ‘never going to happen overnight’

The Guardian - UK

Labour should beware Nigel Farage weaponising its part in the cost of living crisis

Autumn budget must address pain of high inflation on hard-pressed UK households as food prices rise

The Independent UK

Embattled Rachel Reeves urges public to be patient with Labour on rescuing economy

Labour chancellor has been warned of a £50bn black hole in the government’s finances and that inflation will see consumers hit with higher prices this winter

The Independent UK

Voices: Why Starmer will be back for another stab at welfare cuts

INSIDE WESTMINSTER: Despite the humiliating U-turn on cuts to disability benefits, the prime minister has not given up on reducing ballooning social security spending. Ministers believe they have now found a way to proceed – and how to quash any rebellion, says Andrew Grice

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