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The Latest Breaking News from Rachel Reeves

Friday briefing: The end of the affair – why we’ve fallen out of love with the cinema

In today’s newsletter: Box office takings are tanking. Amid indulgent vanity products, endless sequels and the rise of streaming, how can Hollywood revive the magic?

The Guardian - UK

Labour MPs urge Reeves to drop private finance plans for NHS buildings

Chancellor told PFI-style schemes familiar from New Labour era are ‘fiscal illusion’ offering no value for money

The Guardian - UK

Tax the banks to offer £300 energy bill cuts, Reeves urged

The SNP said a windfall tax on commercial banks would raise £8 billion a year.

The Independent UK

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Keir Starmer defends trip to South Africa for G20 summit as budget looms

PM says he aims to secure investment to help deal with cost of living and shore up support for Ukraine

The Guardian - UK

Starmer says Budget ‘based on fairness’ with crackdown on illegal working

Chancellor Rachel Reeves is widely expected to raise taxes on November 26 in order to fill a multi-billion pound gap in her spending plans.

The Independent UK

Reeves urged to ‘grasp the nettle’ with wholesale reset of council tax

Experts say chancellor should go further than rumoured plan to update value of homes in top three bands

The Guardian - UK

One small change Rachel Reeves could make to close tax loopholes and raise revenue

Whatever decisions Rachel Reeves makes in her second budget as UK chancellor, it is clear that she needs to find lots of money. Some argue that the best and fairest way of doing this is to raise the taxes of the country’s wealthiest people.

The Conversation

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'As bad as Kwasi Kwarteng': Rachel Reeves' popularity hits record low in new poll days before Budget

The grim finding for the Chancellor comes despite the UK economy outpacing France, Germany and Italy

Evening Standard

Double blow for Starmer as Burnham refuses to rule out leadership challenge and PM popularity hits record low

Most Labour voters see the PM and Chancellor Rachel Reeves negatively (52% and 57% respectively), according to a new YouGov poll

Evening Standard

Reeves to back DLR extension in major boost for deprived London district

Treasury source says chancellor will announce £1.7bn plan for rail link to Thamesmead in south-east of capital

The Guardian - UK

Could you do better than Reeves as chancellor? Play our interactive budget game

Can you pull the levers of power to deliver a successful budget? Can you keep backbenchers happy without upsetting the bond markets? And can you do it all while keeping the books balanced? Try our budget 2025 game, and maybe develop a bit of sympathy for Rachel Reeves

The Guardian - UK

How could council tax change in budget – and who would be hardest hit?

Critics say current system is a ‘dog’s dinner’ – with homes in Blackpool paying more than in one of London’s wealthiest boroughs

The Guardian - UK

Ford UK boss warns Rachel Reeves against higher taxes on electric vehicles

Lisa Brankin says new levies could discourage switch to EVs amid reports chancellor mulling pay-per-mile charge

The Guardian - UK

London homebuyers have paid almost £25billion in stamp duty in last decade

Successive Chancellors have ramped up stamp duty rates on more expensive homes

Evening Standard

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The Guardian - UK

People are right to ask ‘what is the point of Labour?’ when it can’t agree on anything

Who knows where this government’s credibility will be after next week’s exceptionally difficult budget, says Guardian columnist Martin Kettle

Evening Standard

Pioneering restaurateur Soren Jessen: I feel like we work for Rachel Reeves from Monday to Thursday

After 31 years in the business, the government is making it feel like standing in a room with the water rising, says Soren Jessen

Evening Standard

Huge London transport project gets green light as Rachel Reeves backs £1.7bn DLR extension to Thamesmead

London mayor Sir Sadiq Khan hails the announcement - which paves the way for a ‘new town’ in Thamesmead - as a massive vote of confidence in London

Evening Standard

Reeves set to back £1.7bn Docklands Light Railway extension in Budget

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Evening Standard

Reeves urged to use Budget to restore business confidence

The Scottish Chambers of Commerce has published a letter to Rachel Reeves ahead of the Autumn Budget.

The Conversation

Is the UK headed for a new prime minister?

These are troubled times for British Labour Prime Minister Keir Starmer. In July 2024, Starmer’s government swept to power on the back on a landslide win.

The Guardian - UK

A guttural groan in an energy-free zone: sullen resignation haunts PMQs

Usually raucous backbenchers snoozed through the session as Keir and Kemi’s exchanges descended into a slanging match

Evening Standard

Businesses must be prepared for the rates shake-up coming their way

London and the South east will bear the brunt of any increases.

The Independent UK

Starmer refuses to rule out freeze on income tax thresholds in Budget

Labour prime minister under pressure from Conservative leader Kemi Badenoch

Evening Standard

Plans to convert former south London police station into flats set for green light

Catford Police station closed in 2017 and is now set to be turned into over 60 flats

Evening Standard

Keir Starmer refuses to rule out income tax thresholds freeze at Budget

The Prime Minister dodged questions about the Chancellor’s plans at PMQs

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