The Latest Breaking News from Rachel Reeves

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 · Aug 6, 2025

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 · Aug 6, 2025

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 · Aug 6, 2025

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 · Aug 5, 2025

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 · Aug 5, 2025

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 · Aug 5, 2025

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

Evening Standard · Aug 5, 2025

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 · Aug 5, 2025

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,

The Fashion Central · Aug 5, 2025

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.

Evening Standard · Aug 4, 2025