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The Latest Breaking News from Rachel Reeves

Reeves: Welfare cannot be left ‘untouched’ in Budget

An attempt to push through cuts to benefits earlier this year led to an embarrassing last-minute U-turn for the Government.

Evening Standard

‘A foot out in the cold’: leaders huddle at IMF as icy economic winds blow

Worries over private credit, tax and spend, skittish bond markets and tariff chaos dominate meeting in Washington

The Guardian - UK

Rachel Reeves plots £1bn cut to Motability scheme which lets disability claimants access cars

The scheme provides cars and tax breaks to more than 800,000 users

The Independent UK

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UK government borrowing costs fall to lowest level since July

Boost for Rachel Reeves as bond yield falls while she considers tax rises and spending cuts in budget

The Guardian - UK

Ferrari reduces number of cars sold to the UK after non-dom tax change

Luxury carmaker executive says ‘people are getting out of that country for tax reasons’

The Independent UK

Ferrari cuts number of cars it sends to UK after non-dom tax status scrapped

Carmaker says reasons for reduction include that some wealthy people ‘are getting out of the country’

The Guardian - UK

Friday briefing: Is Black British history finally being remembered?

In today’s newsletter: Black History Month was first celebrated in the UK in 1987 – but the learning of moments in Britain’s own civil rights struggle has been a long time coming

The Guardian - UK

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UK Finance Minister Seeks More Pharma Investment In Exchange For Higher Drug Prices: Report

UK finance minister Rachel Reeves said the country expects increased investment from pharmaceutical companies if it agrees to raise drug prices as part of ongoing trade talks.

Benzinga

FTSE 100 closes higher despite sluggish economic growth

The tepid progress for the economy recently could prompt the Office for Budget Responsibility to downgrade its economic assessment.

Evening Standard

Voices: ‘Fantasy economics’: Readers warn of housing chaos if stamp duty is scrapped

YOUR VIEWS: Our community is divided over Kemi Badenoch’s pledge to scrap stamp duty, with one warning it would ‘do absolutely nothing for renters or those already priced out’

The Independent UK

Labour tax pledge stands, says No 10, as Reeves rolls pitch for hikes on wealthy

The Chancellor has acknowledged she is looking at potential tax rises and spending cuts at her November 26 Budget.

Evening Standard

Rachel Reeves says those with broadest shoulders should pay fair share of tax

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home

The Guardian - UK

Proposed changes to business rates ‘risk slowdown’ in investment, warns BT

BT’s finance chief said expected changes at next month’s Budget could cost infrastructure firms an extra £400 million each year.

Evening Standard

Number of children in temporary accommodation hits new record high

Campaigners are urging Chancellor Rachel Reeves to unfreeze housing benefit in the Budget

The Independent UK

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Evening Standard

Number of children in temporary accommodation almost double Wembley capacity

Campaigners are calling on Chancellor Rachel Reeves to unfreeze housing benefit in the Budget.

The Independent UK

UK shoppers set to be handed boost with zero-interest credit cards

A report also anticipates a rise in credit card defaults in the coming months

Evening Standard

Chancellor facing further Budget challenges after muted economic growth

The ONS said GDP rose by 0.1% in August and fell by 0.1% in July, in a revision to the previous estimate for no growth.

Evening Standard

Premier Inn sales slip in UK despite boost from Oasis gigs

Hospitality group Whitbread said it shaved millions of pounds off of its cost base in a bid to mitigate higher labour costs and food inflation.

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Evening Standard

Londoners in the firing line for tax rises as Reeves says levy on wealthy 'will be part of story' at Budget

Chancellor says higher taxes on the wealthy will be ‘part of the story’ when she delivers her Budget on November 26

The Guardian - UK

Thursday briefing: Rachel Reeves starts to sell a tough budget to the public

In today’s newsletter: The chancellor begins to lay the groundwork ahead of next month’s big speech

The Guardian - UK

Wage war on nature to build new homes: that’s Labour’s offer, but it’s a con trick

The government’s new planning bill is tearing down environmental protections to benefit developers. This nation of nature lovers won’t stand for it, says Guardian columnist George Monbiot

The Guardian - UK

Rachel Reeves should consider welfare cuts in budget, IFS says

Thinktank urges chancellor to take ‘bold’ action on benefits and pensions to placate jittery financial markets

The Independent UK

Higher taxes for the wealthy will be ‘part of the story’, says Reeves ahead of Budget

The chancellor has confirmed that tax rises for the wealthy will be ‘part of the story’ as she seeks to fill a £50m financial blackhole

The Independent UK

‘Tinkering around edges’ at Budget risks another year of economic pain, IFS warns Reeves

Chancellor must take ‘bold action’ to avoid ‘limping from one forecast to the next’

Evening Standard

Reeves faces Budget ‘groundhog day’ without bold action, says IFS

The think tank said it expects the Chancellor will need to find at least £22 billion next month.

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