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The Latest Breaking News from Rachel Reeves

Bus fare cap of £2 to increase to £3 in Budget, Starmer announces

The increase will be announced at Rachel Reeves’ first Budget on Wednesday.

Evening Standard

Budget 2024: Prime Minister defends 'tough' tax rises as he vows £240m to get people back into work

Sir Keir Starmer said Chancellor Rachel Reeves’ Autumn Statement will seek to get Britain out of a ‘pay more get less doom loop’

Evening Standard

£240m in Budget for local services to help people back into work, Starmer says

Chancellor Rachel Reeves will deliver her first Budget on Wednesday.

Evening Standard

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British firms with a combined £2.6 billion in revenue are considering fleeing the country, fearing fresh tax hikes in the budget

Rachel Reeves will announce the highly anticipated budget on Wednesday, expected to include tax hikes for high-earners, employers, and entrepreneurs.

Fortune

Watch: Starmer warns Britain faces ‘unprecedented challenges’ ahead of Budget

Watch as Sir Keir Starmer warned that Britain faces "unprecedented challenges" in a speech on Monday, 28 October, ahead of Labour's first Budget for 14 years.

The Independent UK

'Duped': Anas Sarwar pledges end of austerity – despite Budget of cuts and tax rises

THE Labour Government Budget “will end the era of austerity”, Anas Sarwar has claimed – on the same day as the Prime Minister warned that…

The National (Scotland)

Budget ‘most honest’ in years, Cabinet minister claims

Pat McFadden said Rachel Reeves’ first Budget will ‘end the fiscal fiction of things being announced which had no money set aside for them’.

Evening Standard

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Budget 2024: Keir Starmer hit with growing row over billions in tax rises 'breaking' Labour manifesto

Cabinet minister Pat McFadden denies Labour ‘misled’ voters during the election campaign

Evening Standard

Lindsay Hoyle criticises chancellor Rachel Reeves for early disclosure of budget details – UK politics live

Speaker of the House of Commons says it is ‘evident’ Reeves made significant policy announcements in the media, rather than parliament

The Guardian - UK

Rachel Reeves’s first budget offers a chance to break out of the doom loop. Here’s how she should do it

It’s a tall order but Labour has a chance to improve people’s lives in both the short and long term, says economics and public policy professor Jonathan Portes

The Guardian - UK

Volkswagen to shut at least three German factories, union warns; Oil price falls 5% after Israel’s attack on Iran – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Reeves’s radical change to fiscal rules could go further – New Zealand shows how

Nation follows net worth rules which count liabilities such as debt but also assets, including land, roads, hospitals and schools

The Guardian - UK

Creaking public services are costing companies in absent staff, employers tell TUC

Union group urges chancellor to better fund health, social care and childcare to get staff back to work and boost productivity

The Guardian - UK

Reeves urged not to cut Sellafield funds amid concern at rise in ‘near misses’

GMB raises safety concerns amid rumours of budget cuts across sites and Nuclear Decommissioning Authority

The Guardian - UK

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The Guardian - UK

Pubs and restaurants warn of closures if taxes rise and business rates relief ends

Joint statement by lobby groups calls on chancellor to make Covid-era rates relief for hospitality permanent

The National (Scotland)

George Kerevan: How a Trump win would undermine Rachel Reeves’s Budget game plan

HANG on to your economic hats. On Wednesday, Rachel Reeves will present her long-awaited Budget. Keir Starmer’s Labour Party will have to put up…

The Independent UK

Hunt accuses Budget watchdog of political bias

Jeremy Hunt accuses the Budget watchdog of failing to be impartial since the Labour Party came into office

The Independent UK

Rachel Reeves borrows George Osborne’s mantra in ‘strivers’ Budget

But Keir Starmer vows no return to austerity as he paves way for tax rises and spending cuts

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Evening Standard

Keir Starmer gambles tens of billions more in tax and borrow Budget to invest in ‘new future’ for Britain

The Prime Minister warns the nation of the ‘harsh light of fiscal reality’

The Guardian - UK

Keir Starmer vows to ‘embrace harsh light of fiscal reality’ ahead of budget

PM will defend Labour plans in speech and insist working people need better public services more than lower taxes

The Independent UK

Keir Starmer will ‘embrace harsh light of fiscal reality’ ahead of Budget

The prime minister will warn of ‘unprecedented’ economic challenges as he delivers a speech in the West Midlands today

The Independent UK

Reeves will not announce new freeports despite earlier claims

Goverment sources say the confusion stemmed from a ‘total cock-up with the comms’ as local mayors reported being blindsided by the initial announcement

The Guardian - UK

OBR to publish breakdown of claimed £22bn ‘black hole’ on budget day

Former chancellor Jeremy Hunt says decision to publish findings of review on Wednesday is ‘significant concern’

Evening Standard

No new freeports in Budget despite No 10 announcing five more would be built

Government sources said there had been a ‘total cock-up with the comms’ arising from the conflation of customs sites and freeports.

The Guardian - UK

Rachel Reeves could make it easier for pubs to sell beers from local breweries

Chancellor considering how to increase access to pubs for small brewers and may announce industry consultation

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