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The Latest Breaking News from Rachel Reeves

Reeves confirms change to debt rule and warns of higher taxes as Budget looms

Chancellor Rachel Reeves insisted her first Budget would pave the way for improved public services and ‘rebuild our economy’.

The Independent UK

Budget will reverse huge cuts in UK’s public investment, Reeves confirms

Chancellor pledges to spend, but says there will be no Truss-style splurge when she changes fiscal rules in budget

The Guardian - UK

Sadiq Khan slashes his minimum ask for transport funding ahead of Labour's Budget

The mayor insisted he will still be demanding ‘as much as I can get’ for TfL, but said the ‘black hole’ in the public finances had to be acknowledged

Evening Standard

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Government borrowing costs rise ahead of Reeves’ first Budget

Speculation that Rachel Reeves will change the way debt is assessed triggered a market reaction.

The Independent UK

Key questions over ‘persnuffle’ kerfuffle as Reeves confirms debt rule change

Rachel Reeves could change the measure used for her debt target, potentially giving her billions more to spend at the Budget.

Evening Standard

Budget 2024: Chancellor Rachel Reeves to go on '£20 billion' investment spree in UK through higher borrowing

A string of tax rises are also expected to be announced in the Budget many of which will hit London hard

Evening Standard

UK’s borrowing costs rise on news that Reeves is changing fiscal rules

Yield, or interest rate, on British government bonds climbs on Thursday amid a fall for other countries

The Guardian - UK

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Chancellor Rachel Reeves hints at ‘challenging’ Budget in new video

Chancellor Rachel Reeves has hinted at a “challenging” Budget as she prepares to borrow tens of billions of pounds to invest in Britain’s crumbling infrastructure.

The Independent UK

British businesses grow at slowest rate in 11 months amid Budget uncertainty

Chancellor Rachel Reeves has struck a pessimistic tone around the Budget, warning of ‘tough decisions’.

Evening Standard

Jeremy Hunt claims Labour changing debt definition will ‘punish families with mortgages’ – as it happened

Former chancellor says ‘increasing borrowing means interest rates would be higher for longer’ as Reeves says it will ‘make space for investment’

The Guardian - UK

Report suggests Reeves could announce plans to change Britain’s debt rules

The Chancellor will be looking to raise up to £40 billion from tax hikes and spending cuts in order to avoid a return to austerity.

Evening Standard

Global economy faces ‘anxious times’, warns IMF; Reeves says stability fiscal rule will mean higher taxes – as it happened

People don’t feel good about economic prospects, admits IMF chief Kristalina Georgieva

The Guardian - UK

Kemi Badenoch ‘refused to move’ Tory leadership contest to allow winner budget response

Former business secretary says Sunak and Hunt better placed to respond to Rachel Reeves’ economic policies

The Guardian - UK

Rachel Reeves to turn on spending taps with Budget boost for infrastructure and clean energy

The chancellor is planning to change the government’s fiscal rules to free up billions of pounds of borrowing, which she will promise to spend laying ‘the foundations of future growth’

The Independent UK

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Evening Standard

UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

The Independent UK

Reeves promises ‘reset for our economy’ as she prepares for first Budget

The Chancellor said she will make the UK ‘a rock of economic stability’.

The Independent UK

Rachel Reeves set to borrow billions for investment after announcing major change to fiscal rules

Ex-Tory chancellor Jeremy Hunt warns he was advised by the Treasury that ‘increasing borrowing meant interest rates would be higher for longer – and punish families with mortgages.’

The Guardian - UK

Reeves to announce major change to fiscal rules releasing £50bn for spending

After weeks of speculation, chancellor will tell IMF in Washington that UK’s debt measure will be redefined to permit borrowing for investment

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Evening Standard

Reeves ‘WhatsApps’ Hunt and is in contact ‘regularly’ with Blair and Brown

The Chancellor added that she would love to be able to call up the late Alistair Darling – the last Labour chancellor to deliver a Budget.

The National (Scotland)

What will Labour's tax increases mean for Scotland?

CHANCELLOR Rachel Reeves has finalised behind-the-scenes deals with Cabinet colleagues and her officials will be sweating over drafts for her speech…

The Guardian - UK

Bring in pay-per-mile road pricing across UK, urges Tony Blair’s thinktank

Rachel Reeves urged to shelve fuel duty plans and overhaul taxes amid expected switch to electric vehicles

The Independent UK

‘Amazon tax’ to save Britain’s high streets under consideration by Reeves

The British Retail Consortium, the industry’s trade body, welcomed the idea of reform but warned against the idea of simply punishing online players

The Guardian - UK

Lloyds backs Reeves budget plans despite mooted tax increases

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it

Evening Standard

Budget 2024: What time will tax-raising Budget speech by Labour Chancellor Rachel Reeves start on Wednesday?

And how long will it be?

The National (Scotland)

Anti-monarchy group to protest at Budget in call to slash royal funding

THE first Budget of the new Labour Government is set to face protests from anti-monarchy group Republic...

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