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The Latest Breaking News from Rachel Reeves

Starmer refuses to rule out freeze on income tax thresholds ahead of Budget

The Prime Minister declined to answer numerous questions from Kemi Badenoch on the issue.

Evening Standard

Budget 2025: Which tax rises could hit you as Chancellor Rachel Reeves targets millions with new levies?

London and the South East are set to be most impact by a wave of tax changes to plug a shortfall of around £20 billion

Evening Standard

Watch live: Starmer faces final pre-Budget PMQs after inflation falls

Sir Keir Starmer is set to face his final Prime Minister’s Questions (PMQs) opposite Kemi Badenoch ahead of Labour’s highly anticipated Budget next week.

The Independent UK

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Why interest rates are likely to be cut after the Budget

The Bank of England opted to keep rates at 4 per cent in early November but next month will be a different proposition

The Independent UK

Mapped: Where mansion tax could hit as Reeves looks at raising council tax rates

Around 310,000 high-value homeowners could be hit by proposals to tweak council tax bands

The Independent UK

UK inflation drops to 4-month low, paving way for December rate cut

Inflation in the U.K. fell to a four-month low in October, raising expectations of another Bank of England interest rate cut next month

The Independent UK

October inflation fall raises hopes of pre-Christmas interest rate cut

Economists think the latest inflation reading will encourage the Bank of England to reduce borrowing costs at its next decision in December.

The Independent UK

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Starmer refuses to rule out freezing income tax thresholds in Budget - live updates

Starmer facing questions in Commons ahead of crunch Budget next week

The Independent UK

'Mansion tax' on way, say Labour MPs after talk with Reeves on Budget set to hit London hard

The Chancellor reportedly told Labour MPs to highlight how the wealthy would be impacted by her Budget

Evening Standard

Fall in UK inflation looks like turning point that heralds interest rate cut

Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to act

The Guardian - UK

UK inflation drops to four-month low in pre-Budget boost for Rachel Reeves

Household services contributed the biggest decline towards overall falling inflation

The Independent UK

UK inflation eases for first time in five months to 3.6% before crunch budget

Drop in October’s annual rate raises hopes of interest rate cut after Rachel Reeves’s tax and spending statement

The Guardian - UK

UK inflation dips to 3.6% despite accelerating food price growth – as it happened

Chancellor Rachel Reeves will be keeping a close eye on inflation data ahead of her autumn budget, due next Wednesday.

The Guardian - UK

London tourist tax: West End chiefs back fixed rate as 5% would put £11.50 a night on average hotel stay

Chancellor Rachel Reeves is set to give Sir Sadiq Khan and other mayors the power to impose a tourism levy

Evening Standard

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The Guardian - UK

‘I thought the grownups were back in charge!’: John Crace on how Labour shattered his expectations

After 14 years of Tory rule, the Guardian’s parliamentary sketch writer thought he had seen it all. Westminster would surely tick along nicely once Keir Starmer’s party took over. How wrong he was ...

Evening Standard

Chancellor faces calls for wealth tax a week before second Budget

The Chancellor is widely expected to raise taxes on November 26 but is reported to have ruled out a manifesto-busting income tax hike.

Evening Standard

Swinney warns Starmer and Reeves of ‘risks’ if Budget fails to end austerity

Scottish First Minister John Swinney said the ending of austerity was what people are ‘desperately seeking’.

Evening Standard

UK’s ability to defend itself questioned by MPs as new arms factories promised

At least 13 sites across the UK have been identified for new factories to make munitions and military explosives.

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The Guardian - UK

Tories and Reform spout imaginary numbers as they fight for attention

Back-of-an envelope calculations by Kemi Badenoch, Mel Stride and Nigel Farage are nothing but political fever dreams

Evening Standard

Here's how the 'mansion tax' would impact London homeowners

Two thirds of transactions on homes valued at more than £2 million this year happened in London

The Guardian - UK

Bond markets could force Rachel Reeves ‘to do a secondary budget’, City investor warns

David Zahn of Franklin Templeton said bond yields could rise in response to chancellor’s fiscal plans and government would have to react

Evening Standard

Labour Traitors War: Keir Starmer warns Cabinet against 'distraction' of party infighting after coup frenzy

The Prime Minister stressed to his senior ministers that they must ‘work as one team’

The Independent UK

Nigel Farage says Reform-led councils’ woes show bringing change is ‘hard’

Reform UK and the Conservatives held rival press conferences to unveil alternatives to Rachel Reeves’ Budget.

Evening Standard

Autumn Budget 2025: Is Rachel Reeves really going to scrap stamp duty this week?

Property experts agree tax changes are needed to unblock the stagnant housing market, yet London’s high prices and dearth of affordable new homes are also significant barriers to buying

Evening Standard

More than 90% of London firms fear impact of further Budget tax hikes

Half of London firms say they will be forced to freeze pay, pause bonuses, or halt hiring

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