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The Latest Breaking News from Rachel Reeves

Reeves suggests higher taxes on wealthy will be in Budget

The Chancellor said the economy is still suffering from the impacts of leaving the European Union, austerity policies and Liz Truss’s mini-budget.

Evening Standard

Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-doms

The Guardian - UK

FTSE 100 falters as investors mull outlook for UK economy

It comes as Rachel Reeves told Sky News that she is looking at both tax rises and spending cuts in the upcoming Budget.

Evening Standard

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Martin Lewis warns Rachel Reeves’ cash ISA cut plan will upset millions

MoneySavingExpert founder says Treasury would receive more tax and mortgage lenders would be hit

The Independent UK

OPINION - Boobs aren't the only thing Zack Polanski can increase in size — no wonder Labour is terrified

The Green party’s membership is ballooning, but Labour’s still too shy to confront its new leader over tax plans

Evening Standard

Reeves Warns of Hard Choices Ahead — Tax Hikes Back on the Table

Rachel Reeves signals 'hard choices' in the 26 November Autumn Budget, with tax rises and spending cuts under active consideration as the OBR's downgrade and IMF forecasts heap pressure on the UK's public finances.

International Business Times UK

Rachel Reeves on the Budget: Why Tax Rises and Spending Cuts Could Be Inevitable

Chancellor Rachel Reeves has revealed that she is considering tax increases and spending cuts for the upcoming budget.

International Business Times UK

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Nature groups rebuke Reeves for ‘cynical’ 11th-hour planning bill changes

Chancellor accused of removing environmental protections to win short-term growth and save her budget

The Guardian - UK

Rachel Reeves says tax rises and spending cuts on budget agenda, citing Brexit impact

Chancellor also blames austerity and ‘ongoing impact of Liz Truss mini-budget’ for growing shortfall in public finances

The Guardian - UK

Chancellor Rachel Reeves hints she's looking for tax rises and spending cuts in upcoming Budget

Chancellor Reeves fails to accept responsibility for economic woes as she blames impact of Brexit, austerity policies and ex-PM Liz Truss's mini-budget

Evening Standard

Starmer only read China spy witness statements this morning, No 10 says, as Cleverly accuses PM of misquoting him – as it happened

PM says he intends to publish statements in full and blames previous government for failure of the case

The Guardian - UK

PMQs live: Starmer vows to publish China spy scandal witness statements in clash with Badenoch

At a fiery PMQs Kemi Badenoch accused Sir Keir Starmer of ‘obfuscation’ over the China spy case

The Independent UK

Reeves admits she’s looking at tax rises and spending cuts in Budget

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

The Independent UK

Exclusive: Tube drivers set for £80,000 salary as TfL offers enhanced three-year pay deal to avert strikes

Revised pay offer ensures London Underground staff wages will rise faster than cost of living

Evening Standard

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The Guardian - UK

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Reeves eyes tax hikes as economy suffers ‘severe and long-lasting’ Brexit impact

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

The Guardian - UK

A quiet bite in: Charlie Bigham launches £29.95 ready meals for home diners

Supermarket supplier says new pricier range is still cheaper than bill for a night out at a restaurant

International Business Times UK

'We Need Support, Not Pressure': Inside Rachel Reeves' Youth Jobs Guarantee Plan

Labour's new jobs guarantee promises paid placements for young people out of work for 18 months. But experts warn it could repeat past mistakes if it relies on sanctions rather than support. And, policy must focus on skills, confidence and real opportunity to work.

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Evening Standard

Reeves takes aim at ‘blockers’ using judicial review to halt major projects

The Government will cut the amount of time it takes for judicial reviews to move through the system, Rachel Reeves announced.

Evening Standard

Reeves to touch down in Washington after IMF warns of rising UK inflation

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

The Guardian - UK

The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

The Independent UK

The government cannot afford to limp on without an economic strategy

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

The Guardian - UK

UK faces highest inflation in G7 this year and next, IMF warns

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

Evening Standard

Reeves urged to overhaul tax system and hike levies in breach of manifesto

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

Evening Standard

UK inflation to rise to highest in G7, warns IMF as food costs surge

It came as the IMF increased its UK growth forecast for this year but reduced its prediction for 2026 amid concerns over the labour market.

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