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The Latest Breaking News from Rachel Reeves

Reeves to lay groundwork for tax rises in ‘candid’ speech about budget

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breach

The Guardian - UK

Reeves to promise ‘fairness’ in Budget as income tax hike speculation mounts

No 10 repeatedly refused to say whether Labour’s manifesto pledge not to raise income tax still stands.

The Independent UK

Rachel Reeves to pave way for tax rises in pre-Budget speech

Chancellor’s address to come after weeks of expectation management as she scrambles to fill £50bn black hole

The Independent UK

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Sir Keir Starmer warns of ‘tough but fair’ decisions in Budget

The Prime Minister said ‘hard and serious’ choices were needed to fix Britain’s financial woes.

Evening Standard

Time for Reeves to recognise reality: AstraZeneca has killed stamp duty on shares

Shareholder-backed plans to upgrade US listing have exposed multiple flaws in tax that should be abolished or at least cut

The Guardian - UK

Estate agent who failed to apply for licence so Rachel Reeves could rent Dulwich family home was not to blame for fiasco, says former boss

The error might mean that the Chancellor is forced to pay back £38,000 in rent to her tenants

Evening Standard

Minister supports banning luxury cars for benefits claimants

Chancellor Rachel Reeves is reportedly considering alterations to the Motability scheme

The Independent UK

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Minister indicates support for ending ‘luxury car’ leases by benefits claimants

Transport Secretary Heidi Alexander suggested she would be ‘comfortable’ with ‘high-end’ vehicles not being available through the Motability scheme.

Evening Standard

Nigel Farage suggests young people on minimum wage earn too much

Reform UK leader also predicted a general election within the next two years, as a consequence of Rachel Reeves’s ‘austerity Budget’

The Independent UK

What's 'front of mind' for Chancellor Rachel Reeves as she plans Budget tax rises and will they hit you?

Cabinet colleague Heidi Alexander gave an insight into Ms Reeves’ thinking

Evening Standard

'Unfair to Taxpayer': Reeves Targets Luxury Car Deals for Welfare Recipients in Major Reform

Rachel Reeves' Motability reforms spark debate over fairness, compassion, and taxpayer responsibility ahead of her forthcoming Budget.

International Business Times UK

UK economy ‘doomed’ under Labour, says Ryanair chief

Michael O’Leary says Rachel Reeves needs tax cuts to create growth, as airline’s profits jump 42% in first half

The Guardian - UK

Top City Economist: My ten point guide to what the Budget will deliver

Chancellor Rachel Reeves could lost her job if Labour lose more ground in the polls

Evening Standard

Rachel Reeves’s housing scandal was a small administrative error, but a big political mistake

At a time of austerity, and with Labour’s housing policies needing years to take effect, the public doesn’t want to hear about ministers with multiple homes, says Oliver Eagleton, managing editor of Phenomenal World

The Guardian - UK

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Evening Standard

High Court battle against Gatwick Airport new second runway launched by local campaigners

The Government is facing a judicial review challenge after backing expansion of the Sussex airport

Evening Standard

Scrap tourist tax, university foreign students levy and cut stamp duty on shares to boost London, Reeves urged

The Chancellor could also create new jobs and more homes by supporting new transport schemes for the city, say London bosses

The Guardian - UK

Tax rises and drop in investment predicted to limit UK growth

EY Item Club downgrades forecast for next year, with Office for Budget Responsibility expected to follow suit

Evening Standard

Stormont Finance Minister presses Chancellor to focus on help for working families

John O’Dowd said more had to be done to help with the cost of childcare.

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The Guardian - UK

Rachel Reeves’s 5% VAT cut on electricity bills will backfire, experts say

Critics believe cut would mostly benefit better-off people with larger homes and increase carbon emissions

The Independent UK

Head of UK’s largest union says she doesn’t know if Starmer will remain Labour leader after May

Prime minister facing disastrous elections in Scotland, Wales and England next year as his party trails Nigel Farage’s Reform UK in the polls

The Guardian - UK

A million young people aren’t in a job or training. Britain has a problem

With the jobless rate now at 4.8%, ministers are urged to do more, especially for those with disabilities or health conditions

Evening Standard

Weaker forecasts will have ‘consequences’ at Budget, warns minister

John Healey insisted no decisions had been made on the final shape of the Budget to be delivered on November 26.

Evening Standard

Bank ‘unlikely’ to cut interest rates but decision a close call, experts say

The Bank’s Monetary Policy Committee will make its next decision on interest rates on Thursday.

The Independent UK

Kemi Badenoch has six months to save the Tories – and her leadership, MPs warn

There is consternation among MPs that support for the Conservative Party has dropped seven points in the year since she became leader, with no signs of recovery

The Independent UK

Starmer to face cabinet backlash if he breaks manifesto pledge on income tax

Senior ministers fear rumoured plans could backfire significantly with already-weary voters

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