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The Latest Breaking News from Rachel Reeves

Monday briefing: Where Cop29 failed – and the limited reasons for hope

In today’s newsletter: The view from Azerbaijan is of disappointingly low direct finance guarantees to the developing world, although it is ‘less bad than nothing’

The Guardian - UK

‘We had no alternative’: Reeves defends her budget to the CBI

Chancellor tells business leaders she stands by tax rises and points to Labour’s pro-growth policies

The Guardian - UK

Defiant Reeves to tell firms ‘we had no choice’ amid fierce Budget backlash

CBI boss will say measures announced by government have made it harder for firms to ‘take a chance’ on hiring new people

The Independent UK

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CBI boss to warn Budget tax rises will ‘hit growth’ among UK firms

Rain Newton-Smith will say on Monday that businesses are being forced to ‘compromise on their plans for growth’ after the spending review.

The Independent UK

Labour could be knocked off course as it sticks to £40bn mission

The government’s pact with voters relies on it delivering on its promise of growth but the early omens are unsettling

The Guardian - UK

Pay gap between bosses and employees must be reduced, UK workers say

Poll reveals appetite for rethinking relationship between the boardroom and low or middle earners

The Guardian - UK

Voters must learn to accept that Britain’s challenges are too big to solve straight away

Labour has got off to a shaky start in government. It’s time it told the truth about the state we’re in

The Guardian - UK

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Labour peer condemns her own party as ‘cruel’ over inheritance tax raid on farms

Baroness Mallalieu echoes Theresa May’s description of the Conservatives as ‘the nasty party’ as she hits out at Rachel Reeves’ Budget measure to extend inheritance tax

The Independent UK

Voices: Rachel Reeves is standing by her ‘tough decisions’ – but for how long?

COMMENT: The chancellor insists that she is not for turning, writes John Rentoul. But with the current cold snap and discontent among farmers, I predict she will, indeed, retreat

The Independent UK

‘Sitting with their head in their hands’: farm equipment suppliers fear for impact of budget

Traders at a big machinery show say inheritance tax changes affecting the rural economy have had an immediate impact on business

The Guardian - UK

Rachel Reeves standing firm against U-turn on inheritance tax for farmers

Chancellor understood to be determined to keep policy despite Treasury analysing ways to soften impact

The Guardian - UK

Keir Starmer warned elderly people ‘are going to die’ as fears mount over winter fuel cuts

Keir Starmer was confronted during a round of local radio interviews by a listener named Maxine who said ‘we just can’t keep warm’ and that ‘elderly people are literally going to die’

The Independent UK

It makes sense to make winter fuel payment change, says Sir Keir Starmer

Chancellor Rachel Reeves limited access to the benefit, worth up to £300, in a cost-saving measure, as she sought to repair the nation’s finances.

Evening Standard

Look at the farmers’ protest, and then ask yourself: how will we ever make tax fairer amid such grumbling?

Labour inherited a dire situation that needed desperate change – but powerful lobbies make any tax reform near-impossible, says Guardian columnist Polly Toynbee

The Guardian - UK

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The Independent UK

Reeves denies claims she is about to exempt over-80s from family farm tax

Speculation is mounting that Keir Starmer and Rachel Reeves are looking at ways of appeasing farmers over the so-called tractor tax extension to death duties

The Guardian - UK

UK government borrowing in October tops forecasts at £17.4bn

Debt interest payments push public finances deeper into the red in fresh blow to Rachel Reeves

The Guardian - UK

Never mind what Rachel Reeves did long ago at the Bank of England: what claims do you make on your CV?

The chancellor is said to have ‘rounded up’ her years of service. But if she did plump up her working achievements a bit, who hasn’t, asks Guardian columnist Emma Brockes

The Guardian - UK

Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nears $100,000 – as it happened

UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes up bitcoin

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The National (Scotland)

Alex Burghart aims dig at Rachel Reeves for 'lying about economist role' on CV

ALEX Burghart took aim at Rachel Reeves at Wednesday’s PMQs amid claims she lied on her CV...

Al Jazeera

Why have British farmers marched on UK’s Parliament?

British farmers say they will be forced to sell farms under inheritance tax reforms.

Evening Standard

What's true on Rachel Reeves' LinkedIn CV — and what's not?

The Chancellor of the Exchequer has been embroiled in a scandal over the editing of her LinkedIn

The National (Scotland)

SNP to remain largest party at Holyrood as Scottish Labour fall further behind

SCOTTISH Labour have fallen further behind the SNP in the latest Holyrood polling...

The Independent UK

First Labour MPs express doubts over farm inheritance tax after thousands protest

Farmers marched in Westminster on Tuesday in attempt to persuade government to U-turn on ‘tractor tax’

The Independent UK

Lidl boss: Retailers are ‘reeling’ amid hit from Budget tax hikes

Ryan McDonnell, Lidl GB chief executive, said the discount supermarket chain is expecting to face ‘tens of millions of pounds’ in extra costs.

The Guardian - UK

Labour wants tax rises to fall on the ‘broadest shoulders’. The farmers furore shows why that’s so hard to achieve

In place of precision-targeted revenue raids, Reeves needs to win a bigger argument about the reason we have taxes, says Guardian columnist Rafael Behr

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