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The Latest Breaking News from Rachel Reeves

What’s the point of Davos when even the rich are fed up with the super-rich?

Rachel Reeves told the elites gathered in Switzerland she was relaxed about ‘wealth creation’. She’s in the minority on that, says columnist Zoe Williams

The Guardian - UK

Reeves plans to soften non-dom reforms after listening to concerns

Downing Street said the move to soften non-dom reforms does not ‘change the overall approach’ to the Government’s policy.

Evening Standard

Reeves will 'make changes' in spring if needed for UK public finances amid talk of spending cuts or tax rises

The Chancellor vowed to stick to her fiscal rules on day-to-day spending and reducing the UK’s debt

Evening Standard

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UK To Make Case To Trump Against Whisky Tariff: Finance Minister

Britain will make the case to US President Donald Trump that Scotch whisky and other goods should be spared from any tariffs by the new administration, UK finance minister Rachel Reeves said Thursday.

International Business Times

Government rejects call from supermarket giants to halt controversial tractor tax plan

Some of Britain’s biggest retailers, Tesco, Lidl and the Co-Op, demanded a pause to the inheritance tax raid as Labour chancellor attempts to woo business investment to the UK at World Economic Forum in Davos

The Independent UK

Rachel Reeves to soften non-dom tax changes to woo rich for growth push

Tweak to finance bill is part of Labour push to show UK is attractive place to invest

The Guardian - UK

Reeves to water down tax raid on non-doms amid exodus of millionaires

The chancellor is to amend some of the changes to tax rules for non-domiciled individuals announced in October’s Budget

The Independent UK

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Government ‘not ripping up’ green protections, minister says, amid projects push

Housing minister Matthew Pennycook said the Chancellor was right to prioritise growth amid speculation about the future of Heathrow airport.

Evening Standard

Billionaire hedge fund investor explains why UK government faces debt ‘death spiral’

Borrowing has reached almost £18bn and the concern is more debt will be required to pay that off - and the same could happen in the US, Ray Dalio warns

The Independent UK

Transport Secretary Heidi Alexander opposed third runway at Heathrow which Rachel Reeves appears to now back

Exclusive: Heidi Alexander is the eighth Cabinet minister known to have objected to a bigger Heathrow, as has Prime Minister Sir Keir Starmer

Evening Standard

UK politics: ‘It’s not a customs union’: No 10 leaves door open to joining pan-Europe scheme – as it happened

Downing Street says EU’s suggestion of UK joining agreement would not cross its ‘red lines’ for closer ties

The Guardian - UK

UK’s millionaire exodus equal to losing 530,000 average taxpayers, study says

The country lost 10,800 millionaires to foreign countries last year, more than double the number who left in 2023. It means that, since Labour came to power, one millionaire left the UK every 45 minutes

The Independent UK

Rachel Reeves’s bid to expand Heathrow could add £40 to airline ticket

Treasury analysis shows ticket prices expected to go up across board with no plans for frequent flyers to shoulder more of the cost

The Guardian - UK

Legal challenges to infrastructure plans to be blocked in Starmer growth push

Prime minister hopes his plan to ‘take the brakes off Britain’ will send a message to business to build more

The Guardian - UK

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The Guardian - UK

Rachel Reeves denies Labour hindering consumer interests in car loans scandal

Chancellor under pressure from lenders and lobbyists that say huge compensation bill could harm motor finance market

The Guardian - UK

Reeves says growth eclipses net zero as Heathrow runway decision looms

Chancellor hints in Davos she intends to reaffirm backing of airport expansion despite climate concerns

The National (Scotland)

'Dystopian': Labour slammed for giving former Amazon boss top watchdog role

THE Labour Government has drawn anger after making the “dystopian” decision to give a former boss of Amazon UK a top watchdog role ...

Evening Standard

Chancellor Reeves on UK investment mission at Davos World Economic Forum

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The Independent UK

The UK government’s £18bn borrowing costs are higher than expected - how did we get here?

The deficit was the highest for any December since 2020, when the government was forced to prop up closed businesses and spend billions of pounds on medical equipment because of the covid lockdowns

Evening Standard

Will taxes be raised by Labour Chancellor Rachel Reeves in 2025?

She is facing more difficult decisions on the dire state of public finances

The Guardian - UK

Competition watchdog role for ex-boss of Amazon UK ‘a slap in face’, say unions

Business minister denies government ‘in pocket of big tech’ after hiring Doug Gurr to chair CMA

The Independent UK

Reeves’s tractor tax plan in disarray as supermarket giants hit out at chancellor

Three of Britain’s biggest retailers, Tesco, Lidl and the Co-Op, join calls for halt to inheritance tax raid as Labour chancellor tries to drum up business investment in the UK at World Economic Forum in Davos

Evening Standard

Rachel Reeves clashes with Sadiq Khan over third Heathrow runway as she hits out at people who 'always say no' to growth

Chancellor says if Britain wants a strong economy the answer ‘can't always be 'no'’ to projects that will create growth

The National (Scotland)

Rachel Reeves under pressure as Government borrowing spikes

RACHEL Reeves has been dealt another blow by the financial markets as Government borrowing spiked – heaping yet more pressure on the Treasury.

Evening Standard

Watchdog boss stepped down over ‘different approach’, says Chancellor

Marcus Bokkerink left his role as chairman of the Competition and Markets Authority earlier this week.

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