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The Latest Breaking News from Rachel Reeves

What the papers say – November 14

A wide variety of stories adorn Thursday’s front pages.

Evening Standard

Reeves to announce ‘megafunds’ shake-up of local government pension scheme

Chancellor to tell City leaders of Canada-style plan to pool assets for benefit of long-term investment

The Guardian - UK

Pension ‘megafunds’ to be created to boost investment and economic growth

The megafunds will mirror schemes in Australia and Canada under the Government plans.

Evening Standard

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OPINION - Labour’s attack on private schools is misguided, damaging and cruel

It’s hard to pinpoint the most egregious side effects of Rachel Reeves’s Budget so far, with its blizzard of bizarre policies fraught with unpleasant unintended consequences. Who do they most want to hurt? Business owners, farmers and parents who have the cheek to want the best education for their children…

Evening Standard

What’s happening to the price of a pint?

Chancellor Rachel Reeves hiked employers’ national insurance rates and lowered the threshold at which they are paid

The Independent UK

Any hope of ‘getting Britain working again’ must not demonise people on welfare

Sometime this autumn, the UK government is expected to publish its plan to “get Britain working again”.

The Conversation

‘Charity tax’ on lotteries will deny good causes £1 million a year, Reeves told

Britain’s 500 lottery fundraisers have new gambling levy could exacerbate problems caused by the national insurance hike

The Independent UK

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Fact check: UK Government has not announced free bus fares for immigrants

The post from the TikTok user comes amid the Government raising the single bus fare cap to £3 from £2.

Evening Standard

Swinney gives ‘cast-iron’ guarantee to return £46m to farming sector

The cash was taken from the agriculture budget to ease the cost-of-living crisis in Scotland.

Evening Standard

Rachel Reeves to face winter fuel cuts fury as protesters target her Leeds constituency

Event just days before farmers descend on London in a row over the Labour chancellor’s tax hikes

The Independent UK

Farmers’ ‘tractor tax’ protest move to new location because Trafalgar Square is not big enough

Exclusive: Details of the first big demonstration faced by Keir Starmer’s government have been revealed as farmers prepare to descend on Westminster over the imposing of inheritance tax on agricultural land

The Independent UK

The Trump presidency could hammer global growth – here’s what the UK could do

Donald Trump’s victory in the US presidential election has brought big questions about what it means for Nato, Ukraine, the Middle East and, of course, global trade. Faced with the threat of protectionism, and outside the EU, the UK will have to make some tough choices.

The Conversation

GP practices could be forced to close because of tax hike, Streeting warned

The combination of increases in national insurance contributions and higher wage bills could force or cuts or even closures, the BMA said.

Evening Standard

Trump's tariffs explained: How are they impacting the UK

Britain could face as much as a £22bn hit to exports if the president-elect’s plans go ahead

Evening Standard

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Evening Standard

The booming Thames estuary creative corridor can deliver the growth the country needs

The screen and fashion production industries in east London, north Kent and south Essex have the potential to support £1.7 billion in economic value

The Guardian - UK

Signs of cooling UK jobs market could be a headache for Reeves

Labour market is in pretty good shape, but all eyes will be on impact of tax rises on employers

The Independent UK

‘Unlikely’ that NHS will meet 18-week waiting time target, say trust leaders

They also warned there is a ‘fundamental mismatch’ between demand for services and what the NHS is able to do.

Evening Standard

Landowners warn of huge tax on profits due to farm inheritance changes

The Country Land and Business Association claims farmers will have to pay more than their profits are worth in tax, and may need to sell their land.

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The Independent UK

Minister ‘left with egg on his face’ for underestimating family farm tax impact, claim campaigners

An automated protest email for people to send to MPs has proven so popular with angry farmers over the family farm tax that the system was temporarily overwhelmed at the weekend

The Guardian - UK

UK disability charities say NICs rise will cause ‘life-changing’ cuts

Groups providing vital services say impact of tax and minimum wage rises will lead to cutbacks

The Guardian - UK

End of Treasury’s stake in NatWest is nigh, and no flashy sell-off required

State’s holding in former Royal Bank of Scotland down to 11.4%, without need for Jeremy Hunt’s planned £3bn sale

The Independent UK

Rachel Reeves accused of business ‘betrayal’ as top bank warns tax hikes will hit living standards

It comes as business leaders accuse the Labour government of having ‘betrayed the nation’ following the national insurance hike for employers

Evening Standard

Rachel Reeves warned that the Budget is a 'death sentence' for many bars, pubs and clubs

The NTIA found that around three quarters of venues expect additional annual costs of at least £30,000

The National (Scotland)

UK Government's Budget 'destroys' remaining EU funding for farmers, say SNP

RACHEL Reeves’ decision to overhaul agricultural funding in the UK Budget for the devolved nations is “destroying” what little post-EU…

The Independent UK

Trump’s tariff plan ‘doomsday scenario’ for UK economy, senior Labour figure warns

Liam Byrne, Labour chair of Commons business committee, says plans by next US President would hurt growth

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