The Latest Breaking News from Rachel Reeves

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 · Nov 19, 2025

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 · Nov 19, 2025

'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 · Nov 19, 2025

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 · Nov 19, 2025

‘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 ...

The Guardian - UK · Nov 19, 2025

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 · Nov 19, 2025

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.

Evening Standard · Nov 19, 2025

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 · Nov 19, 2025

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

The Guardian - UK · Nov 18, 2025

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

Evening Standard · Nov 18, 2025