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The Latest Breaking News from Rachel Reeves

Scrapping two-child benefit cap could lift 630,000 children out of poverty

Scrapping the two-child benefit cap would be among the most cost-effective ways to reduce child poverty, the Institute for Fiscal Studies has said

The Independent UK

UK Inflation Stays High: What's Next for the Budget?

UK inflation held at 3.8% in September as core eased to 3.5%, gilt yields fell, and attention turned to Rachel Reeves's 26 November Budget and the fiscal trade-offs ahead.

International Business Times UK

Chancellor hoping shift in tone on Brexit will ring true for key groups of voters

Rachel Reeves’ criticism of Brexit impact on economy is aimed at leave voters who have changed their minds and younger voters, says analysts

The Guardian - UK

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Reeves expected to scrap ‘low-value imports’ loophole that benefits Shein and Temu

Chancellor reportedly plans to close tax loophole in budget, after complaints by UK retailers of uneven playing field

The Guardian - UK

Brits charged more than £100m in ISA penalties last year – Rachel Reeves, please fix this mess

SAVING FOR PROPERTY: The Lifetime ISA was meant to help young people buy their first home. Instead, it’s punishing them for trying. Gabriel Nussbaum explains why the Chancellor needs to reform it - before more first-time buyers pay the price

The Independent UK

London lawyers and accountants ‘targeted in new £2bn tax raid’ as Rachel Reeves prepares Budget

Rachel Reeves is reportedly considering a new tax hit on more than 190,000 people who use limited liability partnerships

Evening Standard

Rachel Reeves handed pre-Budget boost as inflation stays unchanged at 3.8%

Prices rose less steeply in September than the 4% that many City forecasters had feared

Evening Standard

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Nothing else has worked – so Starmer and Reeves are finally telling the truth about Brexit

It is the right way to go, but taking the long way round to such an obvious point has cost Labour precious time and credibility, says Guardian columnist Rafael Behr

The Guardian - UK

Flynn to raise ‘folly’ of Brexit with Bank governor

The SNP’s Westminster leader also called on Chancellor Rachel Reeves to enter talks with the EU to improve the Brexit deal.

The Independent UK

Rachel Reeves ‘plots tax raid on solicitors and GPs in crackdown on UK’s wealthy’

Chancellor to tackle loophole under which partners do not pay employer national insurance

The Independent UK

How Rachel Reeves could balance Britain’s books and lower inequality

Letters: Caitlin Boswell lays out measures that would make taxation fairer and improve lives. Plus letters from Rachel Sharp, Dr Tim Owen and Paul McGilchrist

The Guardian - UK

Joan Armatrading composes classical piece that is ‘love letter’ to Birmingham

The City of Birmingham Symphony Orchestra will give the first performance of Homeland on December 7.

Evening Standard

Brexit has made UK economy and productivity ‘weaker’ than thought, says Reeves

The expected downgrade of the OBR’s previous assumptions is likely to make filling a black hole in her Budget even harder.

Evening Standard

Reeves says economic damage caused by Brexit forcing her to take action in budget

Chancellor, who is expected to announce tax rises and spending cuts, says effect of leaving bloc worse than predicted

The Guardian - UK

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The Independent UK

Brexit had bigger impact on UK economy than critics predicted, Rachel Reeves says

Brexit ‘needlessly’ added costs to UK businesses, Rachel Reeves said, arguing ministers are now ‘unashamedly rebuilding our relations with the European Union’

Evening Standard

Britain's oldest Indian restaurant fights against redevelopment plans that could close it down

Veeraswamy has been operating from Victory House in Regent Street since 1926

The Independent UK

Stealth inheritance tax rises lead to record £4.4bn take for Treasury

Boost to government’s coffers is in part due to frozen thresholds that have remained in place for years

Evening Standard

Rachel Reeves axes ‘arbitrary rules’ costing firms £6 billion ahead of Budget

The Chancellor detailed plans to scrap paperwork for businesses as she looks to fill a black hole in the state’s finances.

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The Guardian - UK

Jenrick accused of being ‘anti-British’ after saying he would ‘probably’ ban burqa – as it happened

Labour MP condemns shadow justice secretary’s assertion there is a ‘strong argument’ in favour of ban

The Guardian - UK

Reeves has mountain to climb in budget after borrowing rise

Public finances figures contain no shocks but will underline need for either hefty tax rises or spending cuts

The Guardian - UK

UK borrowing reaches five-year high for September at £20.2bn

Rising debt interest and welfare costs push public finances deeper into red before Rachel Reeves’s budget

The Guardian - UK

The Tories set a tax trap and Rachel Reeves walked straight into it. It may be her defining mistake

By taking Jeremy Hunt’s NI cuts and ruling out other rises, Labour tried to out-Tory the Tories. And made a bad situation worse, says former Labour minister Chris Mullin

The Guardian - UK

Gold on track for biggest one-day fall since 2020; BoE governor warns over private credit risks - as it happened

Price of bullion falls over 5% today, but still up around 60% since the start of 2025

The Guardian - UK

Britain is suddenly pining for closer ties with the EU. It’s more likely to get the cold shoulder

Labour now wants to use the damage from Brexit to combat the threat of Nigel Farage, but the union has bigger fish to fry, says Anand Menon, director of UK in a Changing Europe

The Guardian - UK

Labour urged to rethink scrapping minimum wage youth rates amid ‘Neets’ rise

Thinktank fears 16- to 24-year-olds not in education, employment or training could be ‘priced out’ of entry-level jobs

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