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The Latest Breaking News from Rachel Reeves

Labour must stick to manifesto pledge not to raise key taxes, Lucy Powell says

The new deputy leader’s intervention could cause a headache for Chancellor Rachel Reeves, who has rolled the pitch for higher taxes at her Budget.

The Independent UK

Interest rates: Why did the Bank stick to 4% and what does it mean?

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

Evening Standard

Ignore the howls around pay-per-mile, chancellor. We can’t afford not to tax electric cars

The issue of how motoring taxes should change as we decarbonise the economy has been dodged for too long. Car salesmen need to get real

The Guardian - UK

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Interest rates held at 4% but ‘door open’ for a post-Budget cut

The central bank’s Monetary Policy Committee opted to keep the rates the same at the final meeting before the autumn Budget.

Evening Standard

OPINION - Gambler Reeves to put billions more of taxpayers’ cash on red as she struggles to make Budget numbers add up

The Chancellor has signalled that she is ready to drive a coach and horses through Labour’s manifesto

Evening Standard

Voices: ‘The books cannot be balanced by Doge-style cuts’: Readers debate how to tackle taxes in upcoming Budget

THE INDEPENDENT DEBATE: Our community agreed that, while no one likes paying higher taxes, honesty, fairness, and careful planning are crucial if Rachel Reeves is to navigate the UK’s financial challenges without compromising public services

The Independent UK

Bank of England’s decision to keep interest rates at 4% is not all doom and gloom

Close-run vote raises hopes of rates cut in December, with inflation said to have peaked at 3.8%

The Guardian - UK

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British EV Drivers to Pay New Tax Based on How Far They Go Annually, Rachel Reeves Said

EV drivers may have to pay extra per mile once Chancellor Rachel Reeves announced a new road tax scheme.

International Business Times UK

Two-child limit not policy for workshy and must be banished, says Gordon Brown

Campaigners argue that 109 children across the UK are pulled into poverty by the policy every day.

Evening Standard

Banks poised to escape tax rises in Rachel Reeves’s budget

UK bank shares rise after reports, with chancellor wanting sector to remain competitive to help economic growth

The Guardian - UK

Government says ‘fairer’ motoring tax system is needed amid pay-per-mile report

Chancellor Rachel Reeves will unveil a policy to introduce a 3p per mile tax for EVs when she delivers her Budget, the Daily Telegraph reported.

Evening Standard

Bank of England opens door to December rate cut as it signals inflation has peaked

Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growth

The Guardian - UK

Budget tax hikes could see food prices soar, major supermarket boss warns

Sainsbury’s CEO Simon Roberts says shoppers are being ‘cautious’ ahead of the announcement later this month

The Independent UK

Sainsbury’s boss warns Budget tax hikes could send food prices higher

Chief executive Simon Roberts said the sector has already been hit with higher taxes and costs which have fuelled inflation.

Evening Standard

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Evening Standard

Pay-per-mile car tax explained: What does Rachel Reeves' plan mean for motorists?

Motorists who drive electric vehicles may face increased taxes if the plan comes into effect

The Guardian - UK

Sainsbury’s says shoppers are delaying spending in run-up to budget

Boss of supermarket urges Rachel Reeves not to fuel inflation with tax rises on retailers and suppliers

Evening Standard

Motorists 'to be slapped with pay-per-mile tax by Rachel Reeves'

The new scheme is intended to try to close the £30 billion financial black hole the Chancellor faces in the budget at the end of the month

The Independent UK

Electric car drivers could face new pay-per-mile tax under Treasury plans

Chancellor Rachel Reeves could be set to announce new EV levy that would cost average EV driver £279 a year

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The Independent UK

Reeves accused of treating drivers ‘like a cash machine’ amid reports of pay-per-mile tax on electric vehicles

The Treasury is facing a fall in revenue from fuel duty as more people make the switch from petrol and diesel to electric cars

The Guardian - UK

Rachel Reeves considering pay-per-mile tax for electric vehicles in budget

EV drivers would face 3p-a-mile charge on top of other road taxes to offset falling revenue from petrol and diesel cars

Evening Standard

Introducing 3p per mile EV fee at Budget could be ‘poll tax on wheels’

Chancellor Rachel Reeves will unveil the policy when she delivers her November 26 Budget, it has been reported.

The Guardian - UK

Bank of England says UK inflation has peaked after leaving rates at 4%; US job cuts jump as firms turn to AI – as it happened

Economists predict UK rate cuts in December, after narrow vote to hold Bank Rate at 4% today

The Guardian - UK

Rachel Reeves is damned if she raises income tax in the budget – and damned if she doesn’t

The only way the chancellor can save herself is to lower living costs or make big improvements to public services. Farage waits in the wings if not, says Guardian columnist Martin Kettle

Evening Standard

Prisoner manhunt continues as Lammy faces slew of questions

Police are trying to track down two inmates released in the last week from HMP Wandsworth.

The Independent UK

How Rachel Reeves can ‘break Britain’s tax-and-spend doom loop’ as Budget looms

A report from the Tony Blair Institute has called on the chancellor to ‘bring businesses back onside’

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