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The Latest Breaking News from Rachel Reeves

Budget 2025: what should Rachel Reeves do about tax? Join our live event

It is the economics version of music’s “difficult second album”. When the UK chancellor, Rachel Reeves, steps up to deliver her follow-up budget on November 26, she faces some daunting choices.

The Conversation

Universal Credit, PIP and Motability: Could Labour cut more benefits in the autumn Budget?

There are several proposals for further changes to the benefit system

The Independent UK

Travel companies could be forced to raise holiday prices

IN FULL

The Independent UK

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Housing market slows amid fears Reeves will increase property taxes

Post-summer bounce in activity fails to materialise as buyers and sellers, in the south especially, opt to ‘wait and see’

The Guardian - UK

Holidays will cost more if taxes are hiked in Budget, say travel bosses

Rachel Reeves has acknowledged she is looking at potential tax rises and spending cuts in her Budget on November 26.

Evening Standard

Travel bosses issue holiday cost warning over Rachel Reeves’s tax proposals

Jet2 and Tui bosses have warned tax rises could make holidays too costly for some

The Independent UK

Major pension funds and insurers launch new partnership to help drive growth

The Sterling 20 will be established at the Regional Investment Summit in Birmingham on Tuesday.

Evening Standard

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How thousands in London could be hit with new council tax bands under Rachel Reeves budget plans

Affluent people in the capital are rumoured to be among the main targets for the new taxes

Evening Standard

Betfred says gambling tax rise in budget will force it to shut all its UK shops

Levies thought to be under consideration will kill profits, say bosses, as gambling firms ramp up lobbying efforts

The Guardian - UK

Scottish hospitality coalition urges chancellor to protect whisky industry

Exclusive: letter to Rachel Reeves from drinks, tourism and farming bodies calls for freeze on spirits duty in budget

The Guardian - UK

Betfred says it could be forced to close all its shops in face of gambling tax hikes

Betfred’s CEO said the odds of closing up shop are ‘10 to one against’ on high streets across the UK and Ireland

Evening Standard

Cheat the Week: Reeves admits she’s mulling tax rises and spending cuts

This week’s biggest news stories in review, and how the media has covered them

Evening Standard

Brexit impact on UK economy will be negative for foreseeable future, Bailey warns

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

The Independent UK

Ed Miliband needs a plan for industry – without it, the move to net zero could ruin UK manufacturing

Manufacturing is buckling under sky-high energy bills. Time to closely regulate price-gouging gas plants or take ownership of supply

The Guardian - UK

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The Independent UK

Unions warn Reeves they could abandon Labour if she ‘panders to the right’ with more welfare cuts

Exclusive: FBU general secretary Steve Wright has warned that there is growing pressure on unions to disaffiliate from Labour ending political donations

The Independent UK

Government spends £115,000 on ‘influencer marketing’ in less than a year

Minister said cash supported ‘multiple campaigns’, but Tories say it ‘makes a mockery’ of spending pledges

Evening Standard

New £700m addition to London Overground 'would be renamed to reflect area's culture and history'

Sadiq Khan confirms that his rebranding of the Overground — dubbed ‘virtue-signalling nonsense’ by critics — would be extended to the West London Orbital

Evening Standard

Business news in brief: Inflation and borrowing figures on the horizon

The Big Shorts: Latest business news in brief and next week in The City

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The Guardian - UK

Chancellor says she ‘can’t leave welfare untouched’ this parliament as budget looms

Rachel Reeves understood to be eyeing cuts to Motability scheme as she tries to plug hole in country’s finances

Evening Standard

Reeves: Welfare cannot be left ‘untouched’ in Budget

An attempt to push through cuts to benefits earlier this year led to an embarrassing last-minute U-turn for the Government.

The Guardian - UK

‘A foot out in the cold’: leaders huddle at IMF as icy economic winds blow

Worries over private credit, tax and spend, skittish bond markets and tariff chaos dominate meeting in Washington

The Independent UK

Rachel Reeves plots £1bn cut to Motability scheme which lets disability claimants access cars

The scheme provides cars and tax breaks to more than 800,000 users

The Guardian - UK

UK government borrowing costs fall to lowest level since July

Boost for Rachel Reeves as bond yield falls while she considers tax rises and spending cuts in budget

The Independent UK

Ferrari reduces number of cars sold to the UK after non-dom tax change

Luxury carmaker executive says ‘people are getting out of that country for tax reasons’

The Guardian - UK

Ferrari cuts number of cars it sends to UK after non-dom tax status scrapped

Carmaker says reasons for reduction include that some wealthy people ‘are getting out of the country’

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