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The Latest Breaking News from Rachel Reeves

Keir Starmer plays down warnings that taxes will have to be raised in autumn

PM says he doesn’t recognise some figures in independent forecast that projects £51bn shortfall in public finances

The Guardian - UK

Voices: What would it take for you to work for Mark Zuckerberg?

COMMENT : As a computer scientist’s ‘no thanks’ to a billion-dollar pay package goes viral, James Moore says that when you’re already sought-after in a cutting-edge tech sector, there’s more to life than an eye-watering salary

The Independent UK

Starmer opens door to income tax rise in autumn Budget as pressure to fill £50bn hole mounts

Labour prime minister pledged that plans to be set out in the autumn would make ‘sure people feel better off’

The Independent UK

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Voices: ‘The whole tax system needs radical reform’: Readers weigh in on Reeves’ fiscal trilemma

YOUR VIEWS: Our community is split on how Rachel Reeves should resolve her fiscal trilemma, with readers divided between raising taxes, cutting spending, relaxing borrowing rules or boosting growth through closer EU ties

The Independent UK

Voices: Rachel Reeves must learn a hard lesson from Labour history – wealth taxes simply don’t work

COMMENT: Taxing unearned income is no way for the chancellor to plug her £41bn spending black hole – the better-off are best placed to find a way around paying it, says Chris Blackhurst

The Independent UK

Starmer defends handling of economy but declines to rule out tax hikes

The Prime Minister said Chancellor Rachel Reeves’ upcoming budget will ‘build on what we’ve done’ by focusing on ‘living standards’.

Evening Standard

Rachel Reeves 'to hit taxpayers' as £51bn black hole found in public finances

CHANCELLOR Rachel Reeves is set to impose yet more misery on taxpayers, according to a new report which found that there is a £51 billion black…

The National (Scotland)

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Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

Niesr said Rachel Reeves is facing an ‘impossible trilemma’ and will likely need to resort to tax rises in the autumn budget.

Evening Standard

Savings Tax Could Affect 300k Brits: Will You Be Deducted And How Much Will You Pay?

By 2025-26, 300,000 more Brits face savings tax due to frozen thresholds. ISAs offer relief, but reforms loom. Learn who's affected and how to protect your savings.

International Business Times UK

Business news live: Novo Nordisk hit by slowing Ozempic sales, Tesla shareholders sue Musk over Robotaxi

Stock market news and latest business and finance updates from Wednesday

The Independent UK

Something has to give, chancellor – and that something is income tax

THE INDEPENDENT VIEW: Editorial: Rachel Reeves must use her autumn Budget to set aside manifesto commitments and put the public finances on a more sustainable footing. The most reliable and economically sound way is the most straightforward – and the most politically difficult

The Independent UK

Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap

The Guardian - UK

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

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Evening Standard

Rachel Reeves faces 'impossible trilemma' and must raise taxes in the autumn budget, economists warn

Rachel Reeves must raise taxes or cut spending in the autumn budget to plug a £41billion budget black hole, the National Institute of Economic and Social Research says

The Fashion Central

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,

Evening Standard

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.

The Independent UK

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

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

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The Guardian - 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 Independent 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

Evening Standard

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.

The Independent UK

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’

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