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The Latest Breaking News from Rachel Reeves

Well-paid partners in City firms escape paying national insurance rises

Treasury forgoes ‘billions’ of pounds of potential revenue as well-paid self-employed partners spared employer NIC increases

The Guardian - UK

Russia bars UK Cabinet ministers over ‘hostile actions’

Deputy PM Angela Rayner, Chancellor Rachel Reeves and Home Secretary Yvette Cooper were among 30 UK citizens put on a ‘stop list’ published by Russia

Evening Standard

What are the car tax changes being brought in? Everything you need to know as a driver

The government revealed it’s making changes to car tax scheme, so drivers may have to fork out more cash to hit the road

Evening Standard

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Deanne Stewart: The megafund boss with lessons for Britain on Australia’s ‘pensions nirvana’

The chief executive of Aware Super, one of the biggest funds down under, is briefing Keir Starmer on pension reforms

The Guardian - UK

Ignore the online CV truthers. If anything, Rachel Reeves is overqualified to be UK chancellor

Gordon Brown and George Osborne studied history, but neither faced the questions of suitability levelled at the first woman in the job, says Guardian columnist Gaby Hinsliff

The Guardian - UK

British firms are being forced into ‘damage control’ mode as tax hikes leave CEOs questioning whether to invest in U.K., industry chief warns

”Too many businesses are having to compromise on their plans for growth,” CBI chief Rain Newton-Smith said.

Fortune

What the papers say – November 26

Here are the biggest stories leading Tuesday’s front pages.

Evening Standard

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Is it time for another general election? I mean, it’s been four months

The sense that anything you don’t like can be cancelled is gaining ground everywhere, as Starmer finds out

The Guardian - UK

Rachel Reeves accused of making Britain uninvestable as she insists there is no alternative to tax hikes

Food giant CEO accuses chancellor of making Britain uninvestable after CBI boss says her measures will deter companies from expanding, as Reeves insists there’s no alternative ‘but there won’t be another Budget like this’

The Independent UK

Judge me on growth, says Reeves as she faces Budget backlash from business

Chancellor Rachel Reeves said she was ‘not immune’ to the difficulties facing businesses but there was no alternative to her Budget tax raid.

The Independent UK

Rachel Reeves tells angry business leaders there was 'no alternative' to Budget tax rises

Chancellor Rachel Reeves said she was ‘not immune’ to the difficulties facing businesses but there was no alternative to her Budget tax raid.

Evening Standard

Inheritance tax on farms should be delayed to avoid unfairness, says thinktank

IFS suggests making gifts of land before a certain date tax-free so that elderly farmers would not be caught out

The Guardian - UK

What do businesses say the Budget means for the jobs market?

ANALYSIS: CBI boss Rain Newton-Smith said Labour chancellor Rachel Reeves’s Budget has hit businesses, forcing them to consider expenditure on staff. Howard Mustoe explains what that means for the jobs market

The Independent UK

Watch live: Rachel Reeves delivers CBI speech as chancellor insists ‘no alternative’ to tax rises

Watch live as Rachel Reeves delivers her CBI speech on Monday (25 November) as the chancellor insists there is “no alternative” to tax rises.

The Independent UK

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Evening Standard

OPINION - QR codes in restaurants are the heralds of automation — we should ban them

There is a generational divide when it comes to QR codes and I am on the far side of it. But there’s going to be more, many more of them around, according to this paper’s genius business editor, Jonathan Prynn. It’s all about the increase in employers’ National Insurance in…

The Independent UK

Kemi Badenoch admits Tories lost support of business – when she was business secretary

In her first major speech since succeeding Rishi Sunak, the Tory leader said she was not surprised at how many bosses flocked to meet Sir Keir Starmer and Rachel Reeves before the general election

Evening Standard

Scottish Government will get no more than £330m for national insurance increase

Scottish Finance Secretary Shona Robison accused the UK Government of ‘austerity through the back door’.

Evening Standard

CBI chief hits out at Reeves after firms face ‘heavy burden’ from tax rises

Confederation of British Industry chief executive Rain Newton-Smith said firms face tough decisions on hiring and investment due to the Budget.

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The National (Scotland)

UK Government 'to give Scotland £300 million' for Budget tax hike compensation

THE UK Government has said it will give the Scottish Government an additional £300 million to cover the planned increase to employers’ National…

Evening Standard

The £5bn-a-year tax timebomb that’s set to devastate London hospitality

A survey of 400 business owners across all sectors found that almost 60 per cent have put hiring plans on hold as a result of the National Insurance rise

The Independent UK

Rachel Reeves CBI speech live: Chancellor tells conference ‘difficult decisions’ brought stability to economy

CBI chief Rain Newton-Smith said that business had been caught ‘off-guard’ by national insurance hikes

The Guardian - UK

UK politics: Badenoch refuses to commit to reversing rise in employers’ national insurance in speech at CBI – as it happened

Tory leader says she will not ‘comment on every bit of micro-policy’

The Guardian - UK

B&Q owner says budget uncertainty hit spending and tax rise will cost it £31m

Kingfisher says it faced weak market in October, as Greggs also complains of cost of national insurance increase

The Guardian - UK

Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretary

The Guardian - UK

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’

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