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The Latest Breaking News from Rachel Reeves

London losing billions of pounds of tourist spending to rival European cities says new report

New figures show spending in Paris, Milan and Madrid soars as London flatlines

Evening Standard

Starmer under mounting pressure to lift two-child benefit cap

Lifting the two-child benefit cap is set to be the top recommendation of Keir Starmer’s child poverty taskforce

The Independent UK

National Manufacturing Day to highlight jobs available in the sector

Companies across the country will host students and workers looking for a career change

The Independent UK

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Delayed Northern Powerhouse Rail plans to be unveiled ‘in coming weeks’

The announcement is expected to set out the scope and funding for the project.

Evening Standard

Plans to revive Northern Powerhouse Rail delayed again

The NPR project was first proposed by former Tory chancellor George Osborne in 2014

The Independent UK

Rachel Reeves 'taxi tax' plans blasted as attack on poor and disabled

AN SNP MSP has said that plans by the UK Government to impose the standard VAT rate on all taxi fares would hit poorer, disabled and older people…

The National (Scotland)

BT boss says costs ‘inflicted’ by UK are 10 times those faced by European sector

Allison Kirkby warns that the November budget could be ‘very difficult’ for the chancellor

The Guardian - UK

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Reeves urged to reverse ‘rash’ tax commitments and reform system by think tank

The Institute for Government said Labour’s ‘unrealistic’ approach to tax has left the Chancellor reaching for ‘piecemeal changes’.

Evening Standard

Reeves must abandon manifesto tax pledges, think tank says amid £30bn Budget black hole

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

The Independent UK

As growth hopes fade, shrinking Reeves has a mountain to climb

THE INDEPENDENT VIEW: Editorial: A dour economic forecast has left the beleaguered chancellor grasping for fiscal breathing space in her make-or-break Budget

The Independent UK

UK inflation to be highest in G7 this year ...The Standard podcast

Listen here on your chosen podcast platform.

Evening Standard

Reeves says UK ‘open for business’ as Revolut pledges £3bn new investment

The Chancellor welcomed the pledge at the opening of the financial firm’s new head office in London’s Canary Wharf.

Evening Standard

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

The Independent UK

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

Evening Standard

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The Independent UK

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Guardian - UK

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The Independent UK

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

Evening Standard

Blow for Reeves as business output slows sharply in September

Economists warn of “litany of worrying news” as PMI survey reading falls to lowest level for five months

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The Independent UK

Voices: ‘A half-baked idea from the London-centric Treasury’: Readers weigh in on ‘taxi tax’ Budget row

YOUR VIEWS: Our community warned that adding VAT to taxi fares would be unfair, arguing that ‘cab owners will lose income, and people will lose mobility,’ hitting rural, elderly and disabled communities hardest

The Independent UK

Minister refuses to guarantee Labour will end use of asylum hotels by 2029

Matthew Pennycook refused to guarantee the use of asylum hotels will end by 2029

The Independent UK

Top Burnham ally launches scathing attack on Starmer on eve of Labour conference

Exclusive: Sacha Lord compared Labour under Keir Starmer to a fish ‘rotting from the head’

The Independent UK

Ukraine-Russia war latest: Trump says Kyiv can ‘fight and win all of Ukraine back’ in major U-turn

The US president accused Vladimir Putin of ‘bad leadership’ during an address to the United Nations General Assembly in New York

The Guardian - UK

Reeves urged to take 2p off employee NI and add it to income tax in budget

Resolution Foundation says move could raise additional £6bn a year and ‘level the playing field’ on income tax

The Independent UK

Income tax hike of 2p to target pensioners and landlords would ‘level playing field’, think tank tells Reeves

Labour chancellor also facing calls to raise levies on lawyers, sugar, salt and longhaul flights in the Budget

The Independent UK

Cut national insurance and hike income tax to meet fiscal rules, think tank says

The Resolution Foundation said the move would create a level playing field and protect workers’ pay.

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