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The Latest Breaking News from Rachel Reeves

Rachel Reeves hands low-paid a £1,400 boost as minimum wage to rise by 6.7%

The chancellor will increase the measure, also known as the national living wage, from £11.44 per hour to £12.21 from April

The Independent UK

Minimum wage to rise 6.7% as Chancellor plots path to ‘genuine living wage’

Wages will rise for 3.5 million workers, but the Low Pay Commission warned businesses were beginning to struggle with large increases.

Evening Standard

Labour Manchester mayor Andy Burnham breaks ranks to reject Keir Starmer’s bus fare cap rise

The price cap, announced by the prime minister and expected to be confirmed in Rachel Reeves’ Budget, has been dubbed a ‘bus tax’

The Independent UK

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Who is Rachel Reeves? From child chess champion to first female chancellor to deliver UK Budget

Rachel Reeves will present her first Budget as the UK's first female chancellor to the House of Commons on Wednesday (30 October).

The Independent UK

More than £3 billion needed to fix London's crumbling hospitals

Ministers have promised new funding for NHS infrastructure in the Budget

Evening Standard

Budget 2024: What will it mean for my mortgage?

The general recent trend for mortgage rates has been downward following the highs experienced two years ago in the wake of former prime minister Liz Truss’s disastrous mini-Budget

The Independent UK

Stamp duty tax: how much do homebuyers have to pay now?

The Chancellor’s Autumn Budget revealed that the stamp duty tax surcharge on second or buy-to-let homes would rise overnight

Evening Standard

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'Dire' London council finances must be 'Budget priority' as several boroughs near bankruptcy

London Councils are facing a £700million blackhole driven by skyrocketing homelessness

Evening Standard

Savers urged to check tax bills after HMRC error led to overcharging

The glitch means that savers are not having their tax-free allowances applied

The Independent UK

OPINION - Praful Nargund was supposed to beat Jeremy Corbyn, now he symbolises Labour's business challenges

When Praful Nargund stood against Jeremy Corbyn in Islington North at the July general election, I heard several confident predictions about why the moderate and business-savvy candidate favoured by Keir Starmer’s ruthlessly disciplined machine would promptly see off Jeremy Corbyn – the Old Testament prophet of doomful state socialism in…

Evening Standard

Unions tell Reeves they expect huge public sector pay rise in new year despite £40bn Budget black hole

It brings another headache for the chancellor as she looks to raise taxes in Wednesday’s Budget

The Independent UK

‘The rich need to pay more’: Britons’ hopes and fears for the budget

While some want Rachel Reeves to raise taxes for the wealthy, others fear the long-term sick could be penalised

The Guardian - UK

How could pensions and pensioners be impacted by the Budget?

CHANCELLOR Rachel Reeves will confirm the budget on Wednesday, October 30 and will announce how pensions will be affected...

The National (Scotland)

Hunt accused of trying to ‘blame the referee’ over OBR ‘black hole’ review

Tory former chancellor Jeremy Hunt has written to the UK’s top civil servant about an Office for Budget Responsibility review of his spending plans.

The Independent UK

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Evening Standard

Budget 2024: Commons clash on 'higher mortgage rates' from Labour's Rachel Reeves borrowing billions to invest

The Chancellor is expected in the Budget on Wednesday to ease her debt fiscal rules to borrow some £20 billion extra to fund transport and other infrastructure projects

The Independent UK

Reeves hints at business rates reforms but declines to rule out fuel duty hike

The Chancellor also faced calls to reverse a cut to the winter fuel payment.

The Independent UK

Trott: Labour delivering greatest hits of government mistakes ahead of Budget

Conservative MP Laura Trott suggested Labour was ‘taking lessons from the worst bits of our record’ in its opening days in power.

The Guardian - UK

Jeremy Hunt calls on government not to release OBR review into his spending plans

Former chancellor accuses Rachel Reeves of politicising Office for Budget Responsibility by release on budget day

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The Independent UK

Pay for 800,000 freelancers could be hit if employers’ tax rises in Budget, experts say

Chancellor is understood to be considering the move as part of her plans to raise money to bail out Britain’s battered public services

Evening Standard

Budget 2024: Labour Chancellor Rachel Reeves in growing clash with Commons Speaker over major economic news

Ms Reeves announced in Washington that she was changing the Government’s key fiscal rules

Evening Standard

Conservatives call on Government to ‘think again’ on winter fuel payment

Tories gathered in Westminster on Tuesday, ahead of handing in a petition to the Treasury, a day before Chancellor Rachel Reeves delivers her Budget.

The Guardian - UK

Hard-hit Defra to have budget slashed further despite warnings

Department’s finances were slashed during austerity and campaigners say more cuts will stall progress to meet nature and climate targets

Evening Standard

Public wants ‘positive, proactive’ vision from Budget – poll

The public wants to hear less about the problems facing Britain and more about how Labour will solve them, an Ipsos poll has suggested.

The Guardian - UK

Petrol and food prices will fall thanks to oil glut, says World Bank

Downward trend in oil price from higher production, falling demand in China and clean energy to continue

Evening Standard

Mortgage approvals jump but housing market on ‘tenterhooks’ ahead of Budget

Some 65,600 home loans were approved last month, 700 more than in August, the Bank of England revealed.

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