The Latest Breaking News from Rachel Reeves

New legislation will see workers taxed directly from their pay packets

Experts said Persimmon was among the builders fighting issues ‘outside of its control’ in the wider property sector.

Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levy

THE INDEPENDENT VIEW: Editorial: Despite interest rates being brought to their lowest level in more than two years, a combination of meagre economic growth, high government spending and U-turns over proposed welfare cuts has trapped Labour in a fiscal straitjacket. But the chancellor must remember that good policy is good…

Labour prime minister Keir Starmer has pledged that plans to be set out in the Budget this autumn will ensure that ‘people feel better off’

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

Higher labour costs in the food industry and supermarkets have pushed up costs for shoppers, the Bank of England said.

COMMENT: By advocating an increase in online gambling levies – not to help close the yawning fiscal gap, but to pay for the scrapping of the two-child benefit cap – the former prime minister has suggested that the moral case for higher spending outweighs the need for fiscal responsibility, says…