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The Latest Breaking News from Rachel Reeves

How to reverse austerity? Scrap some of the tax-relief schemes worth £204bn

Even the HMRC doesn’t know if any of the 341 tax breaks promote economic growth – many merely line the pockets of company owners and the super-rich, writes Phillip Inman, economics editor

The Guardian - UK

Caution, not grand plans, is needed if Labour is to build wealth in Britain

Keir Starmer and Rachel Reeves will need skill and stealth to make progress amid financial and institutional adversity, writes Philip Inman, economics editor

The Guardian - UK

Friday briefing: The ins and outs of Labour’s unspectacular manifesto

In today’s newsletter: Keir Starmer stood on a platform for change when launching his party’s document for winning the election. But how much is being promised by Labour’s manifesto?

The Guardian - UK

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Private equity firms have avoided taxation on over $1 trillion of income thanks to a loophole, new Oxford research reveals

Politicians have vowed to close the loophole for years, but fierce pushback lobbyists from the industry cracked those plans.

Fortune

Labour manifesto admits Covid corruption tsar may raise no money at all

After initially promising a Covid corruption tsar would raise billions, Labour appears to have admitted the figure may raise no money at all

The Independent UK

Why government debt is not like household borrowing

Senior economists have complained to BBC about Laura Kuenssberg comparing Whitehall spending to taking out a credit card

The Guardian - UK

The man behind the manifesto: Labour’s quiet policy chief

Unshowy Ravinder Athwal joined Labour in 2020 from the Treasury, where he worked under Rishi Sunak

The Guardian - UK

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A braver Labour would call an end to the focus on growth

Letters: Dr Ian Saville and Ben Norman respond to an article by Frances Ryan on Labour’s plans on tax and wealth creation

The Guardian - UK

Campaign catchup: A rabbit-free manifesto, a So Solid revival, and David Cameron’s mum

In today’s newsletter: Why Labour is making a virtue of a policy programme bereft of new ideas

The Guardian - UK

UK's Labour Pitches For Power With 'Wealth Creation' Pledge

Britain's Labour party launched a "manifesto for wealth creation" Thursday, pledging to get the economy firing again if it wins power in next month's election after 14 years in opposition.

International Business Times

The era of reckless Tory economics is over. As your chancellor, I would make every penny count

Labour would restore economic growth, and crack down on the waste and fraud that ran rampant under the Tories, says the shadow chancellor, Rachel Reeves

The Guardian - UK

Starmer promises ‘long-term strategy’ in business-friendly Labour manifesto

Labour puts economic policy and wealth creation at heart of pitch to win over former Conservative voters

The Guardian - UK

‘Labour’s honeymoon will be short-lived’: teachers’ union head warns of strikes by autumn

Daniel Kebede, leader of the NEU, says members’ morale is at an all-time low and that Starmer must signal a radical change in policy

The Guardian - UK

Another washout for Rishi Sunak as rain dampens UK growth

GDP figures are not strong enough to help in general election but not weak enough to prompt interest rate cut

The Guardian - UK

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The Independent UK

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes

The economy flatlined due to wet weather hitting retail sales over the Easter period, following growth of 0.4% in March

The Guardian - UK

‘Cosplaying Liz Truss’: Rishi Sunak condemned for £17bn tax giveaway

Critics say funding of Tory manifesto’s policies is ‘implausible’ and they would mainly benefit wealthier voters

Evening Standard

Rishi Sunak 'cosplaying Liz Truss' and will not lower National Insurance, Rachel Reeves says

Labour has responded to the Tory general election manifesto

The Guardian - UK

Top businesswomen back Rachel Reeves as first female chancellor

Exclusive: Letter says bosses appreciate Reeves’s commitment to genuine plan for economic growth

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The Guardian - UK

We’ve waited long enough for a female chancellor. Rachel Reeves brings an opportunity for change

Letters: Thirteen leading businesswomen back Labour’s shadow chancellor and her ‘commitment to a genuine plan for economic growth’

Evening Standard

OPINION - Tom Newton Dunn: Rachel Reeves plots to add new council tax bands... plus an income tax cut

You’ll tax this. Well you’ll tax that. But you’ve got a secret tax bombshell. Well you’ve already taxed the pants off everything, and you’re dirty stinking liars to boot.

The National (Scotland)

'A new low': John Swinney slams Douglas Ross for treatment of David Duguid

JOHN Swinney has said hit out at Rishi Sunak’s “foolish” decision to skip a D-Day commemoration event to participate in an ITV interview.

The Guardian - UK

There is no ‘change’ for Britain without a massive injection of cash. Why won’t our politicians admit it?

If the Labour party wants to deliver real transformation for voters, now is the time to be brave, and back a wealth tax, says Guardian columnist Frances Ryan

The Guardian - UK

Campaign catchup: Hester allegations, Labour tax plans, dodgy D-day branding

In today’s newsletter: Tory donor Frank Hester returns to the headlines – and Rachel Reeves is under pressure to raise capital gains tax

Evening Standard

This is why business is not excited about this election

City Comment: Political parties are not being straight with us about the fiscal constraints and trade-offs we face

The Guardian - UK

Rachel Reeves under Labour pressure to raise capital gains tax to revive public services

After ruling out rises in VAT, income tax or national insurance, shadow chancellor said to be weighing other options to raise cash in an autumn budget

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