The Latest Breaking News from Rachel Reeves

Budget: Private jet passengers hit with extra tax bill as rate increases by 50 per cent

Private jet passengers have been hit the hardest out of all UK flyers in this week’s autumn Budget

The Independent UK · Oct 31, 2024

Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’

Rachel Reeves was forced to accept that her decision to raise employers’ national insurance contributions will lead to workers being paid less, but asked, ‘what alternative was there?’

The Independent UK · Oct 31, 2024

UK Treasury chief admits business tax rise could lead to lower than anticipated wages

U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees

The Independent UK · Oct 31, 2024

Some Budget measures are welcome but others will ‘prolong agony’, warns Swinney

The First Minister said it is regretful the Chancellor had not scrapped the two-child limit on some benefits.

Evening Standard · Oct 31, 2024

'Kick in the teeth' for London rail commuters: Season tickets to rise by up to £300 for delays-hit trains

Commuter costs are on the rise - but fuel duty was frozen yet again

Evening Standard · Oct 31, 2024

Spending plans mean £9 billion of cuts after next year, economists warn

Economists have suggested Labour’s longer-term spending plans are ‘extremely challenging’ and do not rule out a return to austerity.

Evening Standard · Oct 31, 2024

OPINION - The Standard View: Labour's National Insurance raid will hit "working people"

It was not all that long ago the Labour Party was campaigning for government, promising to prioritise economic growth, and reassuring voters that vast tax rises were not necessary. Yesterday’s Budget put paid to that.

Evening Standard · Oct 31, 2024

Watch: Starmer and Reeves speak after Labour’s £40bn tax-raising Budget

Watch as Sir Keir Starmer and Rachel Reeves deliver remarks during a visit to the West Midlands after the Budget announcement on Wednesday.

The Independent UK · Oct 31, 2024

Rachel Reeves may need extra £9bn to avoid cuts to public services, says IFS

Institute for Fiscal Studies says chancellor may have to revisit tax plans to avoid real-terms cuts in some areas

The Guardian - UK · Oct 31, 2024

Jeremy Hunt to step down as shadow chancellor with end of Tory leadership race in sight

The shadow chancellor, who narrowly retained his seat in the election, says he’s unlikely to return to the frontbenches for ‘the next few years, at least’

The Independent UK · Oct 31, 2024