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The Latest Breaking News from Rachel Reeves

Rachel Reeves to pledge £66m for key Scottish transport projects

The Chancellor will announce the funding during a visit to Paisley on Friday.

Evening Standard

The five-day doctors’ strike will only do harm

THE INDEPENDENT VIEW: Editorial: The medical staff demanding a 29 per cent pay increase should ask themselves if the misery that their industrial action will cause is worth it. They are gambling with the future of the health service they profess to love – they should go back to work

The Independent UK

Lloyds boss warns Reeves against raising bank taxes amid growth mission

Charlie Nunn said such increases would not be ‘consistent’ with the Government’s plans.

Evening Standard

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Lloyds boss warns Reeves against hiking taxes on banks as profits rise 17%

Charlie Nunn says higher taxation would be inconsistent with chancellor’s drive for growth

The Guardian - UK

Minimum level of retirement income needed to prevent surge in pensioner poverty, MPs warn

Labour minister Liz Kendall has warned of a ‘tsunami in pensioner poverty’ and opened the door to a rise in the state retirement age

The Independent UK

UK-wide strategy needed to tackle pensioner poverty, says committee

A minimum level of retirement income should be set, with a strategy for everyone to reach that level, the Work and Pensions Committee said.

Evening Standard

Starmer set to unleash billions of investment into UK as he signs India trade deal

Prime minister and his Indian counterpart Narendra Modi are set to put their signatures on a trade deal

The Independent UK

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Keir Starmer and Narendra Modi set to sign Britain-India trade deal

The agreement will see tariffs on an array of British goods reduced from an average of 15% to 3%.

The Independent UK

Keir Starmer and Narendra Modi set to agree £6 billion Britain-India trade deal as Indian PM visits UK

The agreement will see tariffs on an array of British goods reduced from an average of 15% to 3%

Evening Standard

Help wanted: Reeves seeks heavyweight economic advisers as budget looms

Chancellor under pressure to recruit new experts as John Van Reenen and Anna Valero return to academia

The Guardian - UK

Brexit has left City of London’s reputation at risk, Goldman Sachs chief warns

David Solomon warned Goldman Sachs is turning its attention towards the continent

The Independent UK

Want to import toxic chemicals into Britain with scant scrutiny? Labour says: go right ahead

Jacob Rees-Mogg’s Tory fantasy of a post-Brexit bonfire of regulations is coming true. Our bodies and ecosystems will pay the price, says Guardian columnist George Monbiot

The Guardian - UK

UK Government panned for blanking letter questioning links to pro-Israel group

THE UK Government has been condemned for refusing to respond to a letter expressing concerns over its links to Labour Friends of Israel ...

The National (Scotland)

I care more about getting a family on the housing ladder than snails – Reeves

The Chancellor was facing questions on Government amendments to the Planning and Infrastructure Bill designed to strengthen environmental protections.

Evening Standard

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The Independent UK

Grieving families warned they will have to work out inheritance tax on pensions

Reforms announced by the Labour chancellor Rachel Reeves

The Independent UK

Angela Rayner battles Rachel Reeves over England tourist tax

The deputy prime minister is reportedly pushing for increased council powers

Evening Standard

No plans for England tourism tax, No 10 insists, after claims Rayner backed one

The Deputy Prime Minister has reportedly been pushing for councils to be allowed to introduce a tax on tourism in their areas.

Evening Standard

Bank of England chief says ‘not sensible’ to tear up ring-fencing rules

Andrew Bailey’s comments come after Chancellor Rachel Reeves announced plans to reform the system.

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The Guardian - UK

BoE governor warns Reeves weakening banking rules risks repeat of 2008 crisis

Radical shake-up to unleash risk-taking in the name of growth would be a mistake, says Andrew Bailey

Evening Standard

State pension age review needed to ensure system ‘affordable’ – Reeves

The Government review is due to report in March 2029.

The Guardian - UK

Rachel Reeves faces gloomy autumn after borrowing overshoots

Very tough budget looms as interest rate costs on bonds drive June figure to second-highest on record

Evening Standard

UK borrowing higher than forecast in June as debt interest costs soar

The ONS said borrowing rose £6.6 billion to £20.7 billion last month, marking the second highest on record for June.

The Independent UK

Rachel Reeves under pressure as UK borrowing higher than forecast in June thanks to soaring debt interest costs

The ONS said borrowing rose £6.6bn to £20.7bn last month, marking the second highest on record for June

Evening Standard

Budget tax hikes even more likely after huge jump in June borrowing

Last month’s figures only exceeded in June 2020 at the peak of the pandemic

The Guardian - UK

UK borrowing rises more than expected, putting pressure on Rachel Reeves

June figure of £20.7bn comes as chancellor prepares for autumn budget where she may have to impose tax rises

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