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The Latest Breaking News from Rachel Reeves

Building societies see jump in cash Isa applications amid speculation over limit

Reports have suggested that plans to cut the annual tax-free cash Isa allowance could be announced next week.

Evening Standard

Rachel Reeves urged to leave cash ISAs alone

IN FULL

The Independent UK

Rachel Reeves under pressure to save cash ISAs after building societies pen open letter to chancellor

The current £20,000 annual limit is expected to be cut but experts say it won’t prompt wider investment

The Independent UK

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SNP urge Rachel Reeves not to 'clobber' Scots with cuts to Isa tax-free allowance

The SNP have urged the Chancellor not to cut the tax free allowance on cash savings accounts ...

The National (Scotland)

London’s stock exchange needs a shot in the arm from the Treasury

A marketing campaign is all very well but if the LSE’s fortunes are to turn, the real oomph needs to come from the chancellor

The Guardian - UK

SNP urge Reeves not to cut Isa tax-free allowance

SNP economy spokesman Dave Doogan said the move could ‘clobber’ 1.3 million Scots who have cash Isas.

The Independent UK

Britain remains trapped in poor economic policy

Letters: Readers respond to Randeep Ramesh’s article on the flaws in Labour’s approach to the economy

The Guardian - UK

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‘Naive and arrogant’: Why a wealth tax in the UK would fail, according to experts

The UK government needs to raise funds – but experts say trying to take more from the rich simply won’t work

The Independent UK

Voices: It’s time football clubs paid the price of policing matches

COMMENT: The head of the Met is is right that taxpayers shouldn’t be paying the £70m-a-year cost of match-day policing, says Chris Blackhurst – the filthy-rich Premier League clubs and their billionaire owners should be footing the bill

The Independent UK

Government could help City firms fund defence industry – taskforce report

Ministers have been urged to produce a 10-year outlook revealing their intentions for equipment procurement.

Evening Standard

OBR: Vulnerable UK faces 'daunting' threats to stability of public finances after welfare climbdown

Successive governments’ efforts to put the UK public finances have met with only “limited and temporary success” says watchdog

Evening Standard

UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs

Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatility

The Guardian - UK

Starmer’s U-turns leave UK economy ‘vulnerable’ warns OBR

The Office for Budget Responsibility’s warning piles fresh pressure on Rachel Reeves ahead of the autumn Budget

The Independent UK

Billionaire Labour backer John Caudwell says he's 'increasingly nervous' about Starmer - as he hits out at 'destructive' wealth tax

John Caudwell has warned that a wealth tax would be ‘very destructive’ to growth

Evening Standard

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The Guardian - UK

To those who question what Labour stands for – look at Best Start. It will change Britain’s future

Sure Start was New Labour’s finest achievement, and the Tories destroyed it. Now it’s back with a mission to put children at the heart of everything, says Guardian columnist Polly Toynbee

The Independent UK

Before the government overhauls special educational needs, lessons must be learnt

THE INDEPENDENT VIEW: Editorial: The welfare reform bill fiasco has made rethinking education, health and care plans infinitely more difficult. Any reforms must clearly be for the benefit of the recipients – not driven by the Treasury’s need to make savings

The Guardian - UK

Flight of the non-doms: how worried should Labour be about the super-rich leaving the UK?

Reports say wealthy elite are leaving over tax changes – prompting a possible rethink by Rachel Reeves – but hard data is tricky to find

The Independent UK

Voices: The bottom line? Britain simply can’t afford to impose a wealth tax

COMMENT: As battle lines are drawn within Labour over taxing the super-rich, Chris Blackhurst says that the government must resist Lord Kinnock's siren call to take a 2 per cent slice of asset values above £10 million – because the country's economic prosperity depends on it

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Evening Standard

A wealth tax which would hit London hard is up to Chancellor Rachel Reeves, says minister

The Government is not ruling out new tax rises after a Labour revolt over welfare reforms blew a £5 billion hole in the Treasury’s spending plans

The Guardian - UK

‘We’ve made progress’: environment secretary is upbeat despite Labour’s struggles

Steve Reed says changes to living standards are happening and will make a big difference to trust in government

The Independent UK

Starmer’s approval ratings at lowest level since becoming PM after welfare chaos

A More in Common poll also found seven in 10 voters think Sir Keir’s government is at least as chaotic as the Tories’ previous term

The Independent UK

Welfare U-turn makes spending decisions harder, Bridget Phillipson admits

A change in the two-child benefit cap is now less likely

Evening Standard

Conservatives will look to amend Government welfare Bill

Kemi Badenoch will pledge that the Tories are ‘now the only party committed to serious welfare reform’.

The Independent UK

Rachel Reeves should be as open as possible about tax rises

THE INDEPENDENT VIEW: Editorial: The chancellor ought to take citizens into her confidence as she ponders her Budget choices. Rachel Reeves needs to explain the trade-offs behind the difficult decisions that she is about to make, if she wants people to support them

The Independent UK

David Lammy deploys army of top diplomats to kickstart economic growth and combat impact of Trump tariffs

Exclusive: With a failure to deliver economic growth leaving an estimated £18bn in Rachel Reeves’s budget, the use of senior diplomats to bolster engagement with business is just the latest part of a strategy to turn things around

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