The Latest Breaking News from Rachel Reeves

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

It came as the IMF increased its UK growth forecast for this year but reduced its prediction for 2026 amid concerns over the labour market.

IMF also trims growth forecast for 2026 in ‘grim’ news for chancellor weeks before Commons statement

Labour chancellor told a ‘Scrabble bag’ of smaller increases will not rejuvenate UK’s faltering economy

The housebuilder nonetheless said it sold more homes over the past year.

Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert says

The Thatcherite notion of tax as wicked must be challenged in the upcoming budget. Target unearned wealth; explain that tax creates a decent society, says Guardian columnist Polly Toynbee

Changes intended to reduce ‘burdensome bureaucracy’ and make it easier to build windfarms, reservoirs and housing