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The Latest Breaking News from Rachel Reeves

UK diners already fear the bill, but the budget just raised it again, warn restaurateurs

UK Hospitality says members would have to hike prices 8% to cover the extra cost of hiring staff under new employer NIC rates

The Guardian - UK

NICs rise will force businesses to close, warn hospitality bosses

More than 200 leading restaurant, pub and hotel companies say tax rises will cause ‘unprecedented damage’

The Guardian - UK

Jeremy Clarkson claims government has 'sinister plan' to 'ethnically cleanse' British farmland

The 64-year-old criticised the inheritance tax extension proposed by Chancellor Rachel Reeves

Evening Standard

From analysis to the latest developments in health,
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Reeves to make pensions pitch in first Mansion House speech

Her speech will come against a backdrop of criticism from the hospitality sector about changes to national insurance contributions.

Evening Standard

Are you worried about inflation? Then fear Trump, not Rachel Reeves

The chancellor’s budget may have a small effect on UK interest rates. But US tax cuts and tariffs could have international repercussions

The Guardian - UK

What the papers say – November 10

Politics and the royal family feature heavily on the front pages of Sunday’s newspapers.

The Independent UK

Tesco faces £1bn national insurance hike amid price rise fears

Industry bosses have warned of soaring costs and job losses in the wake of Labour’s maiden budget

The Independent UK

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Hospitality bosses warn national insurance changes ‘unsustainable’

The main tax rise in Rachel Reeves’s fiscal statement was a change to employers’ national insurance contributions.

Evening Standard

We will fight Trump’s plans to slap tariffs on the UK – Rachel Reeves

The chancellor will make the case for free trade as Labour is warned that it must choose between the United States and the European Union

The Guardian - UK

Barometer! Man United’s Rúben Amorim is devastatingly gorgeous, Rachel Reeves killed the bob

What’s hot... and what’s not — keep up with Joe Bromley’s weekly barometer

Evening Standard

Labour warned UK is facing ‘humanitarian crisis’ in farming as thousands march on London

Farming leaders are urging Labour ministers to rethink plans to impose inheritance tax on farms worth more than £1m

The Independent UK

Most businesses won’t pay more national insurance. But the UK’s small employers still need support

There are nearly 5.5 million businesses in the UK. It may come as a surprise, however, to learn that most of these (about 4.1 million) are not employers. They might be, for example, the sole traders we call to fix our leaky roof or the freelance workers providing support to…

The Conversation

Asda boss says £100m hit from Labour budget could affect wages and hiring

Shares in UK retailers fall as investors digest Rachel Reeves’s changes to NICs and tax thresholds

The Guardian - UK

Tax changes in budget last straw for UK farmers after ‘years of being squeezed’

Farmers’ union to bring 1,800 members to Westminster in protest, but some say mega-rich landowners are the problem

The Guardian - UK

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The Guardian - UK

I’m a farmer – and I’m glad to see tax loopholes closing for cynical investor landowners

It could have been better designed, but Rachel Reeves’s inheritance tweak will help farmers with mud on their boots, says farmer Guy Singh-Watson

The Independent UK

Vistry warns of extra costs and supply chain hit due to tax changes in Budget

The housebuilder said it is ‘assessing the impact’ of Labour’s autumn Budget in which Chancellor Rachel Reeves raised employer taxes.

The Guardian - UK

Shares in UK retailers fall as sector counts cost of NICs tax rise – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

What the papers say – November 8

Here are the stories making headlines to round out the working week.

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The Guardian - UK

Tax unhealthy foods to tackle obesity, say campaigners

Health and children’s groups urge UK ministers to impose levies on products containing too much salt or sugar

The Independent UK

Bank of England cuts interest rates to 4.75% – but mortgages still set to rise

But experts forecast Rachel Reeves’s first Budget will drive up inflation over next two years

Evening Standard

Rachel Reeves NI hike may push up prices, cut jobs and squeeze pay rises, says Bank of England governor

Chancellor Rachel Reeves’ increase in National Insurance on employers may push up prices, cut jobs and squeeze pay rises, says the governor of the Bank of England.

Evening Standard

Bank says ‘gradual approach’ to interest rate cuts needed after Budget

Andrew Bailey said it would ‘help us to observe’ how the tax measures would play out for the economy.

The Independent UK

Fact check: Badenoch Budget claim, Spanish floods and altered King Charles video

Round up of fact checks from the last week compiled by Full Fact.

The Guardian - UK

Ignore the doom-mongers: the good news on interest rates shows Labour is on the right track

Narratives matter in economics, and we must acknowledge the circumstances the government faces and give credit where due, says economist Mohamed A El-Erian

The Guardian - UK

Bank of England’s rate caution overshadowed by Trump victory

Monetary policy committee is warier about pace of policy easing following Rachel Reeves’ budget

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