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The Latest Breaking News from Rachel Reeves

Ministers urged to close £2bn tax loophole in car finance scandal

Banks and specialist lenders will not pay tax on compensation payouts, sidestepping 2015 rule

The Guardian - UK

On Zack Polanski’s Magic Money Tree, economic gravity simply doesn’t exist

The Green Party leader thinks Modern Monetary Theory is a cure for Britain’s woes — others see it as snake oil at best, writes Jonathan Prynn

Evening Standard

The Guardian view on reducing child poverty: with the two-child limit gone, Labour must go further

Editorial: The new strategy has gaps. But ministers have shown that they are serious and capable of listening

The Guardian - UK

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Reeves will not face ministerial standards probe over Budget briefings

Nigel Farage had called for an investigation into whether the Chancellor mispresented the state of the public finances ahead of her fiscal statement.

Evening Standard

Sarwar’s fingerprints ‘all over the Budget’, says Starmer

The Prime Minister touted his Scottish leader’s influence as he addressed members on Thursday.

Evening Standard

Give credit where it’s due: Labour is finally doing things its supporters actually want

From tackling child poverty to being honest about Brexit, the party seems to have recognised the growing electoral threat to its left, says Guardian columnist Gaby Hinsliff

The Guardian - UK

Friday briefing: After constant leaks and a resignation, is the OBR still fit for purpose?

In today’s newsletter: Critics say the OBR’s growing influence has outpaced its accountability, raising questions about whether it serves the public, the Treasury, or the markets

The Guardian - UK

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David Lammy says rejoining EU customs union could boost UK economy

Deputy PM joins growing chorus of support in Labour to undo Brexit

The Independent UK

Families to be offered help to leave temporary accommodation under UK child poverty strategy

Government says series of measures, including childcare support, will lift 500,000 out of poverty

The Guardian - UK

Here’s why we can’t get rid of ‘mansplaining’

Letter: Dr Amanda Nimon Peters responds to an article by Zoe Williams in which she said we should stop using the term

The Guardian - UK

Builders downed tools amid fears over Reeves Budget in fresh blow to new homes for London

Housing, civil engineering and commercial activity ‘tanked’ last month, say economists

Evening Standard

UK’s small brewers call for chancellor to think again on business rates

Trade group tells Rachel Reeves her property tax changes threaten the survival of community pubs

The Guardian - UK

Budget worries saw savers sell-down equities at record rate

Data from global funds network Calastone shows £6.7 billion was pulled in the two months leading up to the Chancellor’s fiscal statement.

The Independent UK

British Airways to raise price of Avios flights from this month

While British Airways has not confirmed a specific figure, example fares provided put the increase at around nine per cent

The Independent UK

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The Guardian - UK

Rachel Reeves will not be investigated over pre-budget briefing, FCA says

Regulator leaves door open for follow-up as it rejects calls for formal inquiry into claims against Treasury officials

The Guardian - UK

Treasury launches inquiry into budget leaks with ‘full support’ of Rachel Reeves

It comes after major policies such as freeze on income tax thresholds were reported in chaotic build-up to budget

Evening Standard

The one thing super-successful entrepreneurs do after a big-money sale is....

Roy Shaby sold his first business to Uber’s founder Travis Kalanick - here he tells how he’s scaling his second start-up differently, while there’s a chance to tell the Government your views on tax support for entrepreneurs

The Independent UK

Hunt launched for sources of pre-Budget leaks after Reeves criticism

The leaks culminated in the unprecedented early publication of the Office for Budget Responsibility’s economic and fiscal outlook

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Evening Standard

Treasury minister: inquiry into pre-Budget leaks under way

James Murray, a Treasury minister, told MPs that a leak inquiry is ‘under way with the full support of the Chancellor’.

The Guardian - UK

Keir Starmer expected to award 25 new Labour peerages

Exclusive: Former union bosses and Labour staffers on list as prime minister aims to balance chamber

The Guardian - UK

After the Hong Kong inferno: inside the 5 December Guardian Weekly

Power, corruption and negligence. Plus: The rise of extremist Buddhism

Evening Standard

Labour MPs rebel against Rachel Reeves increasing taxes on family farms

Rachel Reeves has proposed an increase in inheritance taxes on family farms, which has been met with dissent across the agricultural community

The Guardian - UK

Spoilt for choice, Conspiracy Kemi grabs wrong end of every stick

After the budget there should have been easy wins for Badenoch at PMQs but the Tory leader just can’t help herself

The Independent UK

Energy giants told to pass on £150 discount to customers

Chancellor Rachel Reeves confirmed her intention to lower energy costs and alleviate the cost of living,

Evening Standard

Energy firms told to pass on £150 discount to customers on fixed tariffs

Energy Secretary Ed Miliband has written to energy firms calling on them to ensure everyone benefits.

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