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The Latest Breaking News from Rachel Reeves

The Tories set a tax trap and Rachel Reeves walked straight into it. It may be her defining mistake

By taking Jeremy Hunt’s NI cuts and ruling out other rises, Labour tried to out-Tory the Tories. And made a bad situation worse, says former Labour minister Chris Mullin

The Guardian - UK

Gold on track for biggest one-day fall since 2020; BoE governor warns over private credit risks - as it happened

Price of bullion falls over 5% today, but still up around 60% since the start of 2025

The Guardian - UK

Britain is suddenly pining for closer ties with the EU. It’s more likely to get the cold shoulder

Labour now wants to use the damage from Brexit to combat the threat of Nigel Farage, but the union has bigger fish to fry, says Anand Menon, director of UK in a Changing Europe

The Guardian - UK

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Labour urged to rethink scrapping minimum wage youth rates amid ‘Neets’ rise

Thinktank fears 16- to 24-year-olds not in education, employment or training could be ‘priced out’ of entry-level jobs

The Guardian - UK

Rachel Reeves set to launch ‘blitz on business bureaucracy’ to save firms £6bn

Chancellor to tell business leaders at government’s first regional investment summit she plans to ‘cut pointless admin’

The Guardian - UK

Keir Starmer says Government will ‘go after every penny’ of cash owed by PPE Medpro

The consortium led by Baroness Michelle Mone’s husband has been ordered to repay the Government for providing “faulty” gowns during the pandemic

Evening Standard

Keep age-based minimum wage to help young people into work, says think tank

Rachel Reeves has been urged to scrap plans to abolish the lower minimum wage rates for under-21s.

The Independent UK

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One million young people will soon not be in education or employment for first time in a decade

The number of so-called ‘Neets’ has risen by nearly 200,000 over the past two years

The Independent UK

Rachel Reeves to lay out plans to scrap paperwork for thousands of UK firms

The Chancellor is set to launch a fresh ‘crackdown on needless form-filling’ at the Regional Investment Summit in Birmingham on Tuesday.

Evening Standard

Labour’s clean energy plan needs a revamp: get real on costs and ignore the artificial deadline

Would long-term strategy be imperilled if, say, only 80% of UK electricity generation was low carbon by 2032? Hardly

The Guardian - UK

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

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

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Evening Standard

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.

The Independent UK

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

Evening Standard

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

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

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The Guardian - UK

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

Evening Standard

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

The Independent UK

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 Guardian - 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 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

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