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The Latest Breaking News from Rachel Reeves

Jeremy Hunt: everyone will be paying more tax after autumn statement

Chancellor also warns of severe cuts to services as he prepares for his biggest test in his new role

The Guardian - UK

Jeremy Hunt slaps down nurses' plea for pay rise as Tories brand it 'unreasonable'

The Chancellor Jeremy Hunt rejected calls for a 17.6% pay rise for NHS staff after years of freezes and real-terms cuts, despite admitting the NHS is on the brink of collapse

Daily Mirror

One in three would run out of money within months if recession makes income dry up

Chancellor Jeremy Hunt threatens to create a million unemployed by clobbering businesses with tax rises in Thursday’s Budget

Daily Mirror

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Austerity 2? No, thank you! Jeremy Hunt warns about another brutal era of cuts in Budget

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

Daily Mirror

Latest recession warning a 'damning indictment' of Tory governance

THE UK economy shrunk by 0.2 per cent between July and September, in what some experts say could be the start of the longest recession since record…

The National (Scotland)

'Sunak and Hunt are using Tory voodoo economics that will cut UK's legs off'

Prime Minister Rishi Sunak and Chancellor Jeremy Hunt's upcoming mini budget is set to be a disaster and shows they haven't learnt anything, writes Kevin Maguire

Daily Mirror

Labour takes inspiration from Cameron and Osborne on economic attack

Shadow ministers look to approach used by pair in 2010, but say Tories crashed economy and only Labour can save it

The Guardian - UK

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Interest rates: Starmer warns of ‘Tory premium on mortgages’ OLD

Chancellor Jeremy Hunt confirms more pain to come in autumn statement

The Independent UK

UK is heading for longest recession in a century, Bank of England warns

The Bank of England issued a gloomy warning about the future of the British economy as it hiked interest rates to 3%, the biggest single rate rise in three decades

Daily Mirror

UK in ‘prolonged recession’ as Bank of England hikes interest rates to 3%, knocking pound – as it happened

Bank of England has made its biggest interest rate rise in three decades, but signals rates won’t rise as high as markets had expected

The Guardian - UK

Mortgages set to rise £6,700 a year after mini-budget crashed the economy

Many economists are saying that the Monetary Policy Committee is likely to raise interest rates again

Nottingham Post

‘A better partner’: Labour woos big business in bid to oust Rishi Sunak

Wes Streeting and Jonathan Reynolds test water with pharma firm GSK as party prepares for election

The Guardian - UK

‘No complacency, just confidence’ – how the Labour Party is getting battle ready

Keir Starmer is relying heavily on the Tony Blair playbook to make his party electable again, from caution over public spending to courting the Murdoch press

Evening Standard

Labour going all out to woo business with ‘prawn cocktail offensive 2.0’

Senior figures holding meetings with leaders of UK’s biggest firms as they strive to be party of government

The Guardian - UK

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Daily Mirror

Boris Johnson jets back to UK boasting he's 'up for' PM - but could be out by Christmas

Boris Johnson is flying back from the Caribbean to launch his bid for power - after Penny Mordaunt became the first candidate to throw her hat into the ring and Rishi Sunak reached 100 backers

The Guardian - UK

UK inflation rises to 10.1% on back of soaring food prices

Annual rate returns to double digits in September as households face cost of living pressures

The Independent UK

Inflation – live: Cost of living crisis deepens as price rises hit 40-year high

Charities mount pressure on government to keep triple lock to protect pensioners

The Independent UK

Rachel Reeves voices support for Tom Watson peerage despite role in Beech case

The shadow chancellor said she has ‘a lot of time’ for Tom Watson despite his role promoting false claims regarding a VIP Westminster paedophile ring.

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The Independent UK

Austerity cuts could be as deep as 2010, experts warn as energy bills set to hit £5,000

Chancellor Jeremy Hunt leading push for ‘austerity season two’, says Labour

The Independent UK

Liz Truss cannot survive if she keeps making mistakes, admits minister

PM cannot afford ‘very many’ errors after mini-Budget, says James Heappey

The Independent UK

Labour’s Reeves warns the ‘damage has been done’ despite ‘humiliating U-turns’

Shadow chancellor Rachel Reeves said Prime Minister Liz Truss has ‘no authority, no credibility, no plan for growth’.

Daily Mirror

Awkward Liz Truss spends 29 silent minutes in Commons humiliation over her Budget

The lame duck Prime Minister has been missing in action since she sacked her long-time ally Kwasi Kwarteng on Friday as Chancellor and U-turned on her tax-cutting agenda

The Guardian - UK

Jeremy Hunt hints at tax rises as he reverses mini-budget in Commons

Chancellor says decisions of ‘eye-watering difficulty’ are ahead and admits government partly to blame for market turmoil

Daily Mirror

'Labour Party can build a brighter future for Britain - Tories have to go'

Labour Party leader Sir Keir Starmer says the Prime Minister's partial U-turn was necessary, but the damage has already been done. The Conservatives have to go. Britain needs a fresh start.

The Guardian - UK

Keir Starmer criticises ‘grotesque chaos’ under Liz Truss government

Labour leader says UK is ‘crying out for clear leadership’ and his party ‘must provide it’

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