The Latest Breaking News from Rachel Reeves

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 · Nov 9, 2024

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 · Nov 8, 2024

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 · Nov 8, 2024

What the papers say – November 8

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

Evening Standard · Nov 8, 2024

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 Guardian - UK · Nov 8, 2024

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

The Independent UK · Nov 7, 2024

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 · Nov 7, 2024

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.

Evening Standard · Nov 7, 2024

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 Independent UK · Nov 7, 2024

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 · Nov 7, 2024