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The Latest Breaking News from Rachel Reeves

Gaucho restaurants CEO issues stark warning to Reeves over tax hikes

More than 80,000 jobs in the sector have disappeared since April’s National Insurance Contributions rise

The Independent UK

Voices: So the economy isn’t shrinking… but when will we feel any benefit, chancellor?

COMMENT: A 0.3 per cent rise in GDP is an unexpected filip for Rachel Reeves at the end of her first year in charge of the British economy, which is now the strongest in the G7 – but it could be bad news for those hoping to get a new…

The Independent UK

UK tax data reportedly suggests claims of non-dom exodus overblown

HMRC figures appear to indicate departure of high net worth people is in line with OBR predictions, report says

The Guardian - UK

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Economic bounceback may be under way but Reeves cannot afford to relax

Growth of 0.3% is a positive sign but the chancellor still has major difficulties to confront

The Guardian - UK

Reeves says rulings on tax must wait for Budget amid inheritance tax speculation

The Chancellor said that her priority was getting ‘our economy firing off all cylinders’.

Evening Standard

A policy that benefited the richest and cost the UK £100bn: it’s long past time to end the fuel duty freeze

Successive chancellors have steered clear of increasing taxes for motorists for 15 years, but this should be a no-brainer for cash-strapped Rachel Reeves, says Guardian columnist Larry Elliott

The Guardian - UK

UK economy grew despite Trump tariffs causing three-year low in US goods exports – business live

Live, rolling coverage as surprise GDP acceleration in June helps quarterly output beat expectations, while eurozone industrial production slumps

The Guardian - UK

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UK economic growth slows amid pressure on business and Trump trade war

The figure was stronger than the 0.1 per cent level widely expected by economists

The Independent UK

UK economy posts surprise 0.3% growth in three months to June

GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion in June

The Guardian - UK

Starmer ‘set to revive Northern Powerhouse Rail plan’ to boost UK infrastructure

PM will announce details before the Labour Party conference next month

The Independent UK

Reeves pledges to tackle productivity challenge at autumn budget

Labour’s second year in power will be focused on ‘building a stronger economy for a renewed Britain’, the Chancellor said.

Evening Standard

Boosting productivity will be main priority of autumn budget, Reeves says

Exclusive: Chancellor focuses on investment and planning rules as she dismisses talk of tax rises as ‘speculation’

The Guardian - UK

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

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The Independent 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 Guardian - UK

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

International Business Times 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.

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Evening Standard

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

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.

The Independent UK

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 Guardian - 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

Evening Standard

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.

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