The Latest Breaking News from Rachel Reeves

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 · Nov 1, 2024

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 · Nov 1, 2024

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 · Nov 1, 2024

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 · Nov 1, 2024

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 · Nov 1, 2024

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 · Nov 1, 2024

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 Independent UK · Nov 1, 2024

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 Guardian - UK · Nov 1, 2024

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’

The Independent UK · Nov 1, 2024

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.

Evening Standard · Nov 1, 2024