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The Latest Breaking News from Rachel Reeves

The Guardian view on local government under Labour: reviving the civic gospel

Editorial: This week’s budget provided an emergency injection of cash for struggling councils. But a bigger vision is needed

The Guardian - UK

Labour MPs welcome budget that ‘nails colours to the mast’

Rayner celebrates ‘bold political vision’ of Reeves’ policies, though markets and farmers are less keen

The Guardian - UK

Labour has bet big on green industrial policy. But there may be there cheaper ways to net zero

Labour’s first budget in 15 years included a highly anticipated change to the so-called fiscal rules which constrain how much the government can borrow or spend. By relaxing the rules, chancellor Rachel Reeves has opened the door for additional capital spending, much of which has been earmarked for low-carbon investment.

The Conversation

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Financial market worries over the UK budget appear to ease

Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies

The Independent UK

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget

A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards.

Evening Standard

Budget tax hikes will be ‘devastating’ for charities, body warns

The National Council for Voluntary Organisations said charities across the UK will be forced to make ‘difficult choices’.

Evening Standard

Five ways the budget shows Rachel Reeves is thinking long-term more than the Tories ever did

Chancellor Rachel Reeves presented Labour’s first budget in 14 years by promising to put an “end to short-termism”.

The Conversation

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‘She knows her history’: why Rachel Reeves wore a pussybow blouse on budget day

Chancellor’s clothing choice shrewdly followed fashion footsteps of Thatcher, Harris and 17th-century menswear

The Guardian - UK

A huge, hideous Canary Wharf by Regent’s Park: this could be the result of Labour’s plan for HS2

Where will Rachel Reeves find billions for a tunnel from Old Oak Common to Euston? Private development is one answer, says Guardian columnist Simon Jenkins

The Guardian - UK

OBR error cut £18bn of headroom from Rachel Reeves’ Budget

The error may have contributed to the market jitters that were seen in the wake of the Budget

The Independent UK

Ryanair to cut UK flights by 10% as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

Evening Standard

Ryanair to cut flights by 10% from major UK airports as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

The Independent UK

Two-thirds of bosses feel negatively about budget, Reeves is told

Warning from Institute of Directors comes as ratings agency Moody’s says budget will do little to improve growth

The Guardian - UK

GPs ask Streeting for ‘assurances’ over employers’ national insurance hike

The Royal College of GPs is seeking assurances that practices will be protected like ‘the rest of the NHS and public sector’.

Evening Standard

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The Independent UK

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget

ANALYSIS : Ignore the comparisons, writes Howard Mustoe – any suggestions that market concerns over Rachel Reeves’s Budget bear any similarity to the chaos that followed Liz Truss’s economic disaster are wide of the mark

The Guardian - UK

Digested week: Crap telly, power naps – oh and I think I may have saved a friend’s life

Also this week, Sunak fails to go out with a bang, while his party can just about be bothered to pick his replacement

The Independent UK

We’ve all got Liz Truss PTSD, says minister as he defends market reaction to Budget

Treasury minister says situation after Truss’ mini-Budget ‘completely different in contrast to now’

Evening Standard

S&P and Moody’s warn of fresh constraints to public finances after Budget

The ratings agencies were responding to Chancellor Rachel Reeves’s plan to lift borrowing and change the UK’s fiscal rules to allow it.

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Evening Standard

Rush to buy London homes before stamp duty rises in Budget hit

The surge in activity in the property market could push up prices

The Independent UK

Now Reeves faces backlash from GPs, care homes and hospices over national insurance hike

While the NHS and the rest of the public sector have been shielded from the chancellor’s rise in employer contributions to national insurance, GPs and the care sector warn they will face severe strain

The Guardian - UK

UK politics: Budget’s ‘clean bill of health’ from watchdogs should reassure investors, says Reeves – as it happened

Chancellor, on a post-budget visit to Newcastle, says ‘markets move all the time’

Evening Standard

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists

Treasury minister Darren Jones suggested the UK had ‘PTSD’ from Liz Truss’s mini budget, amid jitters from markets.

The National (Scotland)

Applause as Question Time audience member tears into Labour and Tory MPs

AN audience member has been praised on social media as he took aim at the Labour and Tory guests on Thursday night’s Question Time...

Evening Standard

Value for money tsar on £950-a-day is value for money, says Rachel Reeves' Treasury deputy

Chief Secretary to the Treasury Darren Jones defended the salary for the new costs-cutting chief

The Guardian - UK

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election

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