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The Latest Breaking News from Rachel Reeves

OPINION - Labour is draining the life out of London - and by consequence the whole country

While MPs are enjoying their summer holidays, Chancellor Rachel Reeves has been busy trying to plug a growing budget shortfall. Unable to cut spending because of backbencher fury, inevitably she will look to increase taxes.

Evening Standard

Fears grow over impact of ONS data reliability on Rachel Reeves’s budget

Troubles at UK statistics body are muddying economic picture for Treasury and spending watchdog, sources warn

The Guardian - UK

Customers feeling raw after Tesco adds 25p to price of a meal deal

The offer still represents a significant saving but rises to £3.85 for Clubcard holders and £4.25 for others

The Guardian - UK

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Chancellor will have to raise taxes despite lower borrowing, say economists

Official figures released on Thursday showed that UK state borrowing slowed to £1.1 billion in July, providing some relief for the Chancellor.

Evening Standard

Which tax rises could fill the £50bn black hole in Britain’s balance sheet?

The Independent looks at Rachel Reeves’ options as she looks to fill the gaping hole in Britain’s public finances this autumn

The Independent UK

‘Hypocritical’ Badenoch calls for Tory councils to launch legal challenges against asylum hotels

Tory leader encourages local authorities to ‘take the same steps’ as Epping council

The Independent UK

‘Mountain to climb’: how Labour is facing a crisis in youth unemployment

The government is adding an extra year, and an extra £45m, to its scheme in England to help people find work

The Guardian - UK

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Rachel Reeves’ pension plan that could affect you

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The Independent UK

Why radical tax reform may be only way for Reeves to balance the books

Size of the task remains unclear but the chancellor will have to act in the face of expected growth downgrades

The Guardian - UK

Rachel Reeves warned against cutting tax-free pension lump sum as she seeks to raise billions

Currently, pensioners can take out a quarter of their pension pot tax-free, with a cap of £268,000 – but that could change as Reeves attempts to claw back billions

The Independent UK

UK government borrowed lower than forecast in July in boost for Rachel Reeves

Economists had widely predicted a higher July borrowing figure, making the actual outcome a positive surprise

The Independent UK

Government borrowing less than expected in July in boost for Reeves

The Office for National Statistics said the borrowing of £1.1 billion is the lowest July figure for three years.

Evening Standard

Voices: What is the fairest way to tax property in the UK? Join The Independent Debate

THE INDEPENDENT DEBATE: Readers are divided over the fairness of proposed reforms to UK property taxes, debating whether they tackle unearned wealth or unfairly penalise ordinary homeowners

The Independent UK

UK borrowed less than expected in July in lift for Rachel Reeves

Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budget

The Guardian - UK

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The Guardian - UK

How Labour can build a stronger British economy

Letters: Rachel Reeves should shift her focus from global financiers to UK savers, says Colin Hines. Plus letters from Prof Stephen Barber, Dr Michael Symonds, Hugh D Bryant and Keith Eves

The Guardian - UK

Reeves leaves no stone unturned as she mulls reforms for property tax

Chancellor and prime minister are latest in a long line of politicians who have tried to squeeze more out of UK property

The Guardian - UK

‘Past mistakes must be avoided’: anxiety as Labour eyes public-private funding for NHS

Decision on neighbourhood health centres expected in autumn but approach divides policy experts

The Independent UK

Why inflation has risen above expectations – and what it means for you

Rachel Reeves has said there is ‘more to do to ease the cost of living’ following the latest figures

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The Independent UK

Rachel Reeves considers ‘mansion tax’ to fill Treasury black hole

The chancellor is seeking ways to raise cash in the face of dire warnings about the state of the public finances

The National (Scotland)

Labour 'lose control' as borrowing costs spike above worst of Liz Truss era

RACHEL Reeves is fire-fighting after the cost of government borrowing spiked to above the peak hit during Liz Truss’s time in power – and…

The Independent UK

Homeowners could be hit with new tax as Chancellor aims to fill ‘£41 billion shortfall’

Rachel Reeves could end capital gains tax relief for people selling high-value homes

Evening Standard

Treasury minister fails to rule out hitting homeowners with capital gains tax

Chancellor Rachel Reeves is reportedly considering ending capital gains tax relief for people selling high-value homes

The Guardian - UK

Reeves considering tax on high-value homes to help plug hole in finances

Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insurance

Evening Standard

UK inflation rises to 3.8% in July as rail passengers face crippling 5.8% fares rise next year

Retail Prices Index - normally used as a baseline for annual regulated train fire hikes - is revealed to have shot up from 4.4% in June to 4.8% in July

The Guardian - UK

Wednesday briefing: Is Rachel Reeves about to overhaul the dreaded council tax?

In today’s newsletter: The local tax remains based on property values from 1991. Now, with services stretched, ministers face the near-impossible task of rewriting the rules

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