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The Latest Breaking News from Rachel Reeves

Budget gossip and U-turns to blame for Britain’s weak growth, former Bank of England economist warns Reeves

Andy Haldane has called for the process to be overhauled to prevent Budget leaks that can damage the economy

The Independent UK

Chancellor's Budget raid will make 500,000 more people in London and South East pay 40% income tax rate

Rachel Reeves is set to impose a ‘stealth tax’ in her Budget on November 26 with a further two-year freeze on income tax thresholds

Evening Standard

Angela Rayner’s reappearance is a further damning of Starmer’s leadership

COMMENT: Editorial: With Labour in turmoil and the Budget still more than a week away, the resurgence of the prime minister’s former deputy adds further complication that Keir Starmer could do without

The Independent UK

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Wasted public money and Rachel Reeves’s income tax hokey cokey

Letters: Michael Bichard, John Denham, Liam Byrne and Helen Bailey on making better use of current resources, Dan Goss on making the case for tax rises, and Jol Miskin on a U-turn

The Guardian - UK

No 10 turns to influencers to reach audiences beyond mainstream media

Critics view increasing use of digital content creators to push policy as way to avoid serious scrutiny of decisions

The Guardian - UK

UK watchdogs need to step in on rip-off bills, which are bad for consumers and the economy

From mobiles to insurance and subscriptions, firms are able to exploit the fact they know more than customers

The Guardian - UK

‘I think the city is falling apart’: Leicester braces for a make-or-break budget

In the local authority where people have the least spare cash there are hopes the chancellor will instil change

The Guardian - UK

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UK budget watchdog in danger of strangling economic growth, says TUC boss

Paul Nowak says OBR should be modernised to ditch ‘hardwired’ support for austerity economics

The Guardian - UK

Rachel Reeves urged to scrap international student levy over concerns for growth

Business groups slammed ‘university tax’ and warned a rise in fees will have ‘unintended consequences’ for the UK

The Independent UK

Labour warned its planning reforms will fail nature and homes goals

The government can’t build 1.5 million homes without addressing skills shortages, cross-party MPs say

The Independent UK

Britain’s youth at risk of becoming ‘lost generation’, Labour peer warns Starmer

New analysis shows young people have borne the brunt of job losses since June last year

The Independent UK

Half of all UK jobs shed since Labour came to power are among under-25s

Exclusive: David Blunkett warns Keir Starmer Britain’s youth are in danger of becoming ‘lost generation’ on his watch

The Guardian - UK

Have Reeves and Starmer missed the chance to ditch stealth taxes?

Retreat from plans to increase income tax means Labour is unlikely to make system fairer and more coherent

The Guardian - UK

What pension changes is Rachel Reeves considering in the budget?

One possible alteration was thought to be tax-free cash drawdowns, but the chancellor may have turned to salary sacrifice schemes

The Guardian - UK

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The Independent UK

Reeves ‘plots new property tax’ in Budget after income tax U-turn

Chancellor could bring in new levy on high-value properties and maintain the freeze on thresholds

Evening Standard

Reeves to freeze thresholds after ditching planned income tax hike – reports

The Chancellor is understood to have U-turned after improved forecasting from the Office for Budget Responsibility.

The Independent UK

Rachel Reeves’s U-turn on income tax is needless, cowardly – and wrong

THE INDEPENDENT VIEW: Editorial: The chancellor’s decision to break a manifesto pledge cannot so easily be flipped from yes to no, especially when there has been no change in the economy to warrant it. This is no way to run a government

The Guardian - UK

Reeves’s plan to ditch income tax rise prompts government bond sell-off

Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July

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The Guardian - UK

Reeves’s tax U-turn: how Labour changed course on budget plans

Chancellor spent weeks preparing the ground for breaking manifesto pledge but events this week appeared to change her mind

The Independent UK

Financial markets grow fretful after reports of UK government abandoning income tax hike

British financial assets were under pressure Friday on growing speculation that the Labour government has ditched plans to raise income taxes in a crucial budget at the end of the month

Evening Standard

Stocks hit and bond yields jump amid tax U-turn talk

The FTSE 100 Index closed down 109.31 points at 9,698.37.

The Independent UK

‘The speculation is ridiculous’: Readers vent frustration over Budget uncertainty

YOUR VIEWS: Our community is split over Rachel Reeves’ upcoming Budget, with many frustrated by speculation and uncertainty, while others defend her cautious approach

The Conversation

Is there a strong economic case for dropping the two-child benefits cap? This is what the evidence tells us

As she carefully prepares the UK’s reaction to her second budget the chancellor, Rachel Reeves, has now hinted that she may be ready to scrap the two-child benefits cap.

Evening Standard

Londoners who own expensive homes face being hammered in Budget after Reeves U-turn to dump income tax rise

A new ‘mansion tax’ or higher council tax bands for costly properties are measures the Chancellor could announce

The Guardian - UK

What are Rachel Reeves’s options after U-turn on income tax rates?

From freeze on income tax thresholds to reforming capital gains tax, we look at how much the alternatives could raise

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