The Latest Breaking News from Rachel Reeves

Labour prime minister pledged that plans to be set out in the autumn would make ‘sure people feel better off’

YOUR VIEWS: Our community is split on how Rachel Reeves should resolve her fiscal trilemma, with readers divided between raising taxes, cutting spending, relaxing borrowing rules or boosting growth through closer EU ties

By 2025-26, 300,000 more Brits face savings tax due to frozen thresholds. ISAs offer relief, but reforms loom. Learn who's affected and how to protect your savings.

Stock market news and latest business and finance updates from Wednesday

THE INDEPENDENT VIEW: Editorial: Rachel Reeves must use her autumn Budget to set aside manifesto commitments and put the public finances on a more sustainable footing. The most reliable and economically sound way is the most straightforward – and the most politically difficult

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap

Rachel Reeves is set for a £41.2 billion shortfall on her ‘stability rule’, he National Institute of Economic and Social Research said.

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

Rachel Reeves must raise taxes or cut spending in the autumn budget to plug a £41billion budget black hole, the National Institute of Economic and Social Research says