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The Latest Breaking News from Rachel Reeves

Half of employers could raise prices if cost of hiring goes up in Budget

Many businesses have been hit by rising employment fees, packaging costs or rates relief ending this year

The Independent UK

Jobless rate hits highest since early 2021 amid ‘weakening’ labour market

The ONS said the unemployment rate rose to 5% in the three months to September, up from 4.8% in the three months to August.

Evening Standard

London unemployment hits 11-year high as Reeves National Insurance rise batters pubs, shops and hotels

Grim jobless figures make a December interest rate cut from the Bank of England a near certainty

Evening Standard

From analysis to the latest developments in health,
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UK unemployment rises to 5%, the highest level in four years

ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrolls

The Guardian - UK

A break with tax tradition in budget would be welcome

Letters: Prof Stephen Caddick says voters will swallow Rachel Reeves’s expected tax rises if Labour can show that it has a plan, in response to an article by Martin Kettle. Plus letters from Brian Keegan, Fawzi Ibrahim and Nick Floyer

The Guardian - UK

Rachel Reeves signals plan to remove two-child benefit cap in budget

Chancellor understood to be preparing to fully reverse measure, which would cost over £3bn but could lift 350,000 children out of poverty

The Guardian - UK

FTSE 100 at new high amid US shutdown optimism

The FTSE 100 Index closed up 1.1% at 9,787.15.

Evening Standard

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Please Rachel, put businesses out of their misery and get on with the Budget

Businesses are paralysed by fear about costs, tax and the future. The economy is in suspension.

Evening Standard

Rachel Reeves hints at lifting two-child benefit cap at Budget

The chancellor said it was important not to let the ‘costs to our economy in allowing child poverty to go unchecked’

The Independent UK

Reeves signals manifesto-busting Budget will hike taxes

Rachel Reeves said sticking to Labour’s manifesto commitments would mean ‘deep cuts’ to investment, something she indicated she will not do.

The Independent UK

Labour's flagship manifesto pledge on tax to be ripped up, Reeves makes clear ahead of Budget

The Chancellor said sticking to Labour’s manifesto commitments would mean ‘deep cuts’ to capital spending, something she indicated she will not do

Evening Standard

Pensioners at Risk: Reeves Considers £6bn Tax Hike Amid Calls for Five-Year Payout Guarantee

Chancellor Rachel Reeves is tipped to target pensioners with a £6 billion tax hike, amid calls for a fairer, more secure state pension payout system for UK retirees.

International Business Times UK

Reeves suggests two-child benefit cap will fully go, saying children in big families should not be ‘penalised’ – as it happened

Chancellor interviewed on Radio 5 Live and says it’s unfair to penalise children in bigger families

The Guardian - UK

Reeves to hammer London and South East with 2.8m facing Budget blow from 2p income tax rise

The Chancellor has been hit by a Labour revolt over breaking the party’s manifesto by raising income tax

Evening Standard

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The Independent UK

Call for people who reach state pension age to be paid for five years even if they die

Sir Steve Webb, who was pensions minister when the triple lock was introduced, has urged Rachel Reeves to implement a ‘minimum guaranteed payout’ of five years

The Guardian - UK

Welcome to 21st-century politics: a bitter revolt against power that will consume Labour and the Tories

A mood of turbulence and insurgency against the two main parties has been building for years, says Guardian columnist John Harris

The Guardian - UK

The bond market is wrong. Reeves should not cut welfare to placate the City

Keeping the markets on side is the chancellor’s priority but it’s not an easy task given their simplistic, misplaced views on welfare cuts

Evening Standard

Shona Robison may ‘potentially revisit’ Scottish taxes in response to UK Budget

The Finance Secretary said the Scottish Government had a ‘very limited’ set of levers to respond.

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The Guardian - UK

Developers met ministers dozens of times over planning bill while ecologists were shut out

Exclusive: Leading ecologists say warnings over threat to wildlife have been ignored in drive to build 1.5m new homes

Evening Standard

Scottish Finance Secretary requests urgent meeting with Chancellor before Budget

Shona Robison has asked to meet Rachel Reeves where she will set out her three tests for the upcoming Budget.

The Independent UK

How could Rachel Reeves increase income tax in her Budget – and what would it mean for you?

Chancellor reportedly tells watchdog she intends to increase personal tax in one of several ‘major measures’ planned for Budget at end of month

The Independent UK

Employee pension contributions ‘to be targeted in Budget’

IN FULL

The Guardian - UK

How might Reeves increase income tax – and what does it mean for you?

The budget could involve a range of rises – here’s how they would stack up for different levels of income

The Guardian - UK

Cutting home insulation funding will imperil UK’s climate goals, Reeves told

Energy firms and charities urge chancellor to avoid short-term fix that could also harm low-income households

The Independent UK

Stuart Machin: ‘We turned M&S around – Rachel Reeves’s Budget could undo our good work’

Having made the high street stalwart fashionable again and steered its 32 million customers through one of the worst ever cyber attacks in the UK, the CEO is looking forward to some Christmas cheer. There is just one dark cloud on the horizon, he tells Geordie Greig

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