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The Latest Breaking News from Rachel Reeves

Labour pledges to strengthen economic watchdog within first 100 days

Exclusive: Changes early in expected new government intended to stop repeat of catastrophic Truss mini-budget

The Guardian - UK

Advice to Rachel Reeves: rename the national wealth fund

Labour’s plans to invest £7.3bn over the next parliament hardly blows the doors off and risks being overegged

The Guardian - UK

The economic outlook is finally picking up — just in time for Starmer and Reeves

City Comment: The economic tone seems to be improving, but it might all hang on a tenth of a percentage point in this week’s inflation figures

Evening Standard

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Labour’s EU policy will do little to address economic impact of Brexit, says thinktank

UK in a Changing Europe concludes Labour has ruled out changes that would have made biggest boost to growth

The Guardian - UK

Labour sets out plans for hundreds of new banking hubs

The party said its proposals would mean ‘bringing banking back to high streets’.

The Independent UK

A lack of real progress on women in politics

Letter: Only 30% of candidates are female, writes Hannah Stevens. The issues lie in selection processes and procedures that create enormous barriers to entry for women, disabled people and ethnic minorities

The Guardian - UK

Inside election social media campaign costs as Labour outspends all other parties combined

Labour has spent over £2.4m since May 22 on Meta and Google ads alone

The Independent UK

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OPINION - Rachel Reeves is finally in the spotlight — but what if her sums don't add up?

It’s finally Rachel Reeves’s week after a lot of Keir-first communications from Labour.

Evening Standard

Rachel Reeves tells top bankers 'your fingerprints are all over Labour manifesto'

SHADOW chancellor Rachel Reeves has told business leaders their “fingerprints” are “all over” the Labour manifesto.

The National (Scotland)

Reform UK plans ‘don’t add up’ and costings are out ‘by tens of billions of pounds per year’, says IFS – as it happened

As Nigel Farage launches party’s manifesto, Institute for Fiscal Studies says ‘the package as a whole is problematic’

The Guardian - UK

Rishi Sunak and Keir Starmer trade blows on leadership and tax as election battles hot up in London

Grant Shapps admits Rishi Sunak win is ‘not the most likely outcome’ amid increasing Tory poll gloom

Evening Standard

Labour would try to improve UK’s post-Brexit trade deal with EU, says Reeves

Shadow chancellor’s remarks mark shift in tone for party, which has preferred to not talk about Brexit so far

The Guardian - UK

General Election 2024 LIVE: Nigel Farage launches Reform UK manifesto as Rishi Sunak insists Tories 'can win'

Earlier, Sir Keir Starmer did not rule out council tax band revaluation when asked about tax rises outside Labour's manifesto plans

Evening Standard

Campaigners hope Labour will scrap two-child benefit cap once in No 10

Manifesto has no pledge to reverse rule Angela Rayner has said is ‘inhumane’ but there have been hints at more to come

The Guardian - UK

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The Guardian - UK

Labour’s green plans will create 650,000 jobs, says Rachel Reeves

Party begins week of campaigning on economy under pressure to say if it will raise taxes to pay for £7.3bn plans

The Guardian - UK

The election is farcical and frustrating, but deeply significant – under Labour things really could get better

Everywhere I go in Britain, people are exhausted. But there’s good reason to believe a Labour government would bring unseen possibilities, says Guardian columnist John Harris

The Guardian - UK

Wes Streeting fails to rule out council tax rise if Labour wins election

Shadow health secretary says ‘we will not make promises we cannot keep or that the country cannot afford’

The Guardian - UK

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

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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?

Fortune

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.

The Independent UK

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 Guardian - 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

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

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