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The Latest Breaking News from Rachel Reeves

October inflation fall raises hopes of pre-Christmas interest rate cut

Economists think the latest inflation reading will encourage the Bank of England to reduce borrowing costs at its next decision in December.

The Independent UK

Starmer refuses to rule out freezing income tax thresholds in Budget - live updates

Starmer facing questions in Commons ahead of crunch Budget next week

The Independent UK

'Mansion tax' on way, say Labour MPs after talk with Reeves on Budget set to hit London hard

The Chancellor reportedly told Labour MPs to highlight how the wealthy would be impacted by her Budget

Evening Standard

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Fall in UK inflation looks like turning point that heralds interest rate cut

Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to act

The Guardian - UK

UK inflation drops to four-month low in pre-Budget boost for Rachel Reeves

Household services contributed the biggest decline towards overall falling inflation

The Independent UK

UK inflation eases for first time in five months to 3.6% before crunch budget

Drop in October’s annual rate raises hopes of interest rate cut after Rachel Reeves’s tax and spending statement

The Guardian - UK

UK inflation dips to 3.6% despite accelerating food price growth – as it happened

Chancellor Rachel Reeves will be keeping a close eye on inflation data ahead of her autumn budget, due next Wednesday.

The Guardian - UK

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London tourist tax: West End chiefs back fixed rate as 5% would put £11.50 a night on average hotel stay

Chancellor Rachel Reeves is set to give Sir Sadiq Khan and other mayors the power to impose a tourism levy

Evening Standard

‘I thought the grownups were back in charge!’: John Crace on how Labour shattered his expectations

After 14 years of Tory rule, the Guardian’s parliamentary sketch writer thought he had seen it all. Westminster would surely tick along nicely once Keir Starmer’s party took over. How wrong he was ...

The Guardian - UK

Chancellor faces calls for wealth tax a week before second Budget

The Chancellor is widely expected to raise taxes on November 26 but is reported to have ruled out a manifesto-busting income tax hike.

Evening Standard

UK’s ability to defend itself questioned by MPs as new arms factories promised

At least 13 sites across the UK have been identified for new factories to make munitions and military explosives.

Evening Standard

Swinney warns Starmer and Reeves of ‘risks’ if Budget fails to end austerity

Scottish First Minister John Swinney said the ending of austerity was what people are ‘desperately seeking’.

Evening Standard

Tories and Reform spout imaginary numbers as they fight for attention

Back-of-an envelope calculations by Kemi Badenoch, Mel Stride and Nigel Farage are nothing but political fever dreams

The Guardian - UK

Here's how the 'mansion tax' would impact London homeowners

Two thirds of transactions on homes valued at more than £2 million this year happened in London

Evening Standard

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The Guardian - UK

Bond markets could force Rachel Reeves ‘to do a secondary budget’, City investor warns

David Zahn of Franklin Templeton said bond yields could rise in response to chancellor’s fiscal plans and government would have to react

Evening Standard

Labour Traitors War: Keir Starmer warns Cabinet against 'distraction' of party infighting after coup frenzy

The Prime Minister stressed to his senior ministers that they must ‘work as one team’

The Independent UK

Nigel Farage says Reform-led councils’ woes show bringing change is ‘hard’

Reform UK and the Conservatives held rival press conferences to unveil alternatives to Rachel Reeves’ Budget.

Evening Standard

Autumn Budget 2025: Is Rachel Reeves really going to scrap stamp duty this week?

Property experts agree tax changes are needed to unblock the stagnant housing market, yet London’s high prices and dearth of affordable new homes are also significant barriers to buying

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Evening Standard

More than 90% of London firms fear impact of further Budget tax hikes

Half of London firms say they will be forced to freeze pay, pause bonuses, or halt hiring

Evening Standard

Seven questions for Rachel Reeves if she wants to help revive business

The UK economy only flourishes when entrepreneurs, innovators and investors are given the environment and support to do what they do best

Evening Standard

Keir Starmer vows to lead Labour into next election - but only a third of party voters think he should

Prime Minister bids to silence doubts about his position after extraordinary briefing war

The Guardian - UK

Most Reform UK voters would back wealth tax on very rich, poll suggests

Exclusive: Best for Britain thinktank says the figures show Nigel Farage is ‘out of step with his base’ on taxation

The Guardian - UK

Now is not the time for a Labour leadership election

The focus should be on talking up this government’s achievements so far – and preventing a Reform victory, says Guardian columnist Polly Toynbee

Evening Standard

More firms looking to trade abroad as UK growth and tax worries grow

Nearly half of businesses, or 47%, are considering international expansion, according to Santander’s latest trade barometer.

The Guardian - UK

Reform would ‘cut benefits for EU nationals and hike NHS immigration surcharge’

Party claims its policies would eliminate ‘black hole’ Rachel Reeves faces in the budget – but Labour says the ‘fantasy numbers don’t add up’

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