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The Latest Breaking News from Rachel Reeves

Wealth tax speculation as Labour minister says taxes won't rise for 'modest incomes'

A LABOUR minister refused to rule out tax rises in the Budget and claimed the Government will be guided by “fairness”

The National (Scotland)

Why Labour should target happiness alongside economic growth

With the UK still shaking off the psychological side-effects of Covid, Rachel Reeves might want to broaden her aims

The Guardian - UK

Labour minister hints at tax hikes for middle class – but rules out rises for people on ‘modest incomes’

Transport secretary says ministers have promised not to raise taxes for ‘people on modest incomes’ but does not rule out wealth tax

The Independent UK

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Chancellor guided by ‘fairness’, senior minister says of calls for wealth tax

Transport Secretary Heidi Alexander would not directly rule out tax rises in the next budget as she toured the broadcast studios on Sunday morning.

Evening Standard

How Angela Rayner has become the most influential figure in Starmer’s government – for now

NEWS ANALYSIS: The Independent's Political Editor David Maddox says that despite the clash with Unite, the deputy prime minister’s influence is unmatched since the welfare rebellion

The Independent UK

Starmer and Reeves promised honesty about public finances. Can they stay the course?

Labour is being pulled one way by a desire to cut debt and the other by slumping poll ratings. With growth nowhere to be seen, tax rises loom

The Guardian - UK

Rachel Reeves expected to review pensions auto-enrolment

Exclusive: Announcement expected as part of series of changes outlined in chancellor’s Mansion House speech

The Guardian - UK

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Rachel Reeves’s growth mission is struggling to get off the ground

THE INDEPENDENT VIEW: Editorial: The chancellor is said to be ‘disappointed’ after the UK economy unexpectedly shrank for the second month in a row in May, as well she might be

The Independent UK

Scrapping non-dom regime could leave Rachel Reeves with £4 billion black hole, experts warn

The CEBR suggests that if there is an exodus of non-doms, Chancellor Rachel Reeves’ £9.9 billion spending buffer could be cut in half

Evening Standard

Cash Isas: Rachel Reeves pauses plans to reduce amount savers can put in

Chancellor, who had been expected to announce changes next week, faced backlash over move

The Guardian - UK

Voices: The economy has shrunk yet again – but it’s not all doom and gloom...

COMMENT : The hangover from Trump’s tariffs at the start of the year is proving tougher to shake than expected, writes James Moore – but there is a slight silver lining

The Independent UK

Digested week: Reeves’s tears and standing room only for Macron’s Westminster speech

Crying in the Commons is not unusual – unless the chancellor is doing it – as attention turns to Trump’s state visit

The Guardian - UK

Reeves pauses cash ISA changes after backlash

The annual limit is £20,000 per person but that could still change amid a push for greater investment

The Independent UK

Rachel Reeves U-turns on cash Isas changes following pushback, reports say

THE chancellor has U-turned on proposed plans to make changes to cash Individual Savings Accounts (Isas), according to reports ...

The National (Scotland)

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Evening Standard

Cash Isa limits set to be left untouched at next week’s Mansion House speech

It is understood that Chancellor Rachel Reeves will focus on new plans to provide consumers with the information and support they need to invest.

The Guardian - UK

Fall in UK GDP puts focus back on expectations of tax rises in autumn budget

Depressing data comes as Rachel Reeves and her team were daring to hope business confidence was recovering

Evening Standard

'Ticking tax timebomb' warning as UK economy shrinks 0.1% in May in fresh blow to Rachel Reeves

The City had expected a 0.1% rise in GDP

The Guardian - UK

Rachel Reeves to try to reassure City investors after unexpected UK GDP fall

Chancellor’s Mansion House speech to cite ‘opportunity’ in attempt to shrug off anaemic economic performance

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The Independent UK

Macron and Starmer share Larry the cat joke during Downing Street family photo

Watch as Emmanuel Macron, Sir Keir Starmer and Rachel Reeves joke about Larry the cat during a family photo at No 10.

The Independent UK

HMRC issue winter fuel payment scam warning after thousands targeted

Fraudsters have been targeting vulnerable people using texts and phishing websites

Evening Standard

Winter fuel payment scam warning after HMRC receives over 15,000 reports in June

Last month, HMRC acted to remove 4,600 fake websites linked to winter fuel payments.

The Guardian - UK

Rachel Reeves is the only one grinning wildly at Keir and Kemi’s dreary display

Kemi thinks the Tories left the country in fine shape and Labour have ruined it. Keir thinks the opposite. Yawn

The Independent UK

Starmer opens the door for stealth tax extension as he tries to balance books

During a fiery PMQs, Keir Starmer ruled out increases to income tax, VAT and national insurance – but could not answer questions on wealth taxes or a freeze on tax thresholds

Evening Standard

Special UK visas would carry 'national security risks', Rachel Reeves is warned

The Chancellor is reportedly considering introducing a special visa for rich foreigners who could invest in Britain

Evening Standard

Meta opens Cambridge lab as part of AI glasses expansion

It comes amid reports the Facebook and Instagram owner has purchased a minority stake in Oakley and Ray-Ban owner EssilorLuxottica SA.

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