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The Latest Breaking News from Rachel Reeves

Labour can’t tax and spend its way out of trouble, warns Blair

Former PM says Starmer could face an even gloomier economic situation than he inherited from John Major

The Guardian - UK

‘It’s been a good week’: Labour buoyed up by slick reshuffle and Tory woes

Party off to promising start to new parliamentary term but knows it cannot be complacent

The Guardian - UK

Councils going bust, schools crumbling, the NHS in crisis: the answer is more tax

Labour can raise £50bn from the wealthy to pay for public services without introducing a new one-off wealth tax, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK

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Union boss piles pressure on Labour after Reeves rules out wealth tax

TUC general secretary Paul Nowak calls for national debate about ‘how we tax wealth, not work, in this country’

The Independent UK

TUC boss urges Labour to heed public support for wealth taxes

Paul Nowak says Keir Starmer’s party has some progressive ideas on tax but needs to go further

The Guardian - UK

Tories try to reset after Raac and ruin while Keegan is unrepentant

It was another train wreck from the education secretary – it’s almost as if she’s desperate to get sacked

The Guardian - UK

What the Labour shadow cabinet have said about Scotland and independence

Labour announced a reshuffle of the shadow cabinet, with Lisa Nandy, Angela Rayner and Liz Kendall all taking up new roles.

The National (Scotland)

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Poverty in Britain is firmly linked to the country’s mountain of private wealth – Labour must address this growing inequality

Labour’s shadow chancellor, Rachel Reeves, has said that a Labour government would not raises taxes on wealth, capital gains or higher incomes. She does not, she says, see “the way to prosperity as being through taxation.”

The Conversation

The winners and losers in Keir Starmer’s Labour reshuffle

The key changes as the party leader prepares his shadow cabinet for a general election

The Guardian - UK

OPINION - Keir Starmer’s reshuffle is about doubling down on Labour’s new seriousness

When Sue Gray worked in government one of her many sought-after skills was her advice on reshuffles. Today she reports for duty as Sir Keir Starmer’s chief of staff and will walk straight into a reshuffle. In a way this is an odd time to change the shadow cabinet. A…

Evening Standard

Labour’s Rachel Reeves heckled for ruling out tax rises for the rich

The shadow chancellor got a rowdy reception from the FT crowd

Evening Standard

Richard Osman: the TV quiz industry is ‘sort of collapsing’

It’s Pointless to work on a quiz today, thinks the TV man turned author

Evening Standard

SNP by-election candidate pledges to bring in bill to end two-child benefits cap

SNP by-election candidate Katy Loudon has committed to introducing a Private Member’s Bill to abolish

The National (Scotland)

Labour throwing Scots ‘under the bus’ without new energy rebate, claims SNP

The party is calling for a wealth tax to fund help for lower income households.

The Independent UK

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The National (Scotland)

Senior US Republican endorses Labour's economic plans as 'very Reaganesque'

ONE of the most senior Republicans in the United States Senate has praised UK Labour’s economic plans, likening them to the approach of former US…

The Guardian - UK

Labour must be bold enough to back a wealth tax

Letters: Tom Wilson wonders how on earth the shadow chancellor plans to fix broken public services without raising taxes, while Kim Loader says many people want a fairer system. Plus letters from Bernie Evans and Colin Hines

Evening Standard

‘Long overdue’ City shakeup to boost growth firms and unleash investment in unicorns of tomorrow

New venue launched by JP Jenkins and Winterfloods for unlisted securities

The Guardian - UK

In ditching a wealth tax, Labour is rejecting growth and embracing bad economics

Rachel Reeves has tied her party’s hands and placed it on the wrong side of the argument, says Josh Ryan-Collins, an associate professor at UCL

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Evening Standard

OPINION - Labour shouldn’t rule out wealth taxes: it could regret it

Don’t ever open your mouth till you know what the shot is”: such is the timeless wisdom of real estate salesman Ricky Roma in David Mamet’s Glengarry Glen Ross, and it is a maxim that politicians always do well to heed. Until now, Rachel Reeves, the shadow chancellor, has observed…

The Guardian - UK

Abandoning a wealth tax is a ruinous Labour strategy. It’s ‘Blairism without the cash’

The tough choice is not to court big business, but to invest in rebuilding our shattered society, says Guardian columnist Owen Jones

The National (Scotland)

Labour wealth tax U-turn 'disturbing but not surprising', says First Minister

THE First Minister has branded Labour’s wealth tax U-turn as “disturbing but not surprising” after the party’s shadow chancellor insisted…

The National (Scotland)

'Labour abandoning everything they’ve ever stood for under Starmer', ex MP says

AN ex-Labour MP has accused the party of tailoring policy to the English middle class and “abandoning everything they’ve ever stood for” in a…

The Independent UK

Top economists pile pressure on Keir Starmer to reverse Tory cuts

Prominent academics say they are concerned Labour’s programme will not break with Tory economic orthodoxy

The Independent UK

Labour criticised for ‘shameful’ dropping of wealth tax

Rachel Reeves said a Labour government would not introduce higher levies on property, capital gains and top earners.

The Guardian - UK

Rachel Reeves rules out wealth tax if Labour wins next election

Shadow chancellor also confirms Starmer leadership pledge to increase 45p top rate is off the table

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