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The Latest Breaking News from Rachel Reeves

Reeves Warns of Hard Choices Ahead — Tax Hikes Back on the Table

Rachel Reeves signals 'hard choices' in the 26 November Autumn Budget, with tax rises and spending cuts under active consideration as the OBR's downgrade and IMF forecasts heap pressure on the UK's public finances.

International Business Times UK

Rachel Reeves on the Budget: Why Tax Rises and Spending Cuts Could Be Inevitable

Chancellor Rachel Reeves has revealed that she is considering tax increases and spending cuts for the upcoming budget.

International Business Times UK

Nature groups rebuke Reeves for ‘cynical’ 11th-hour planning bill changes

Chancellor accused of removing environmental protections to win short-term growth and save her budget

The Guardian - UK

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Rachel Reeves says tax rises and spending cuts on budget agenda, citing Brexit impact

Chancellor also blames austerity and ‘ongoing impact of Liz Truss mini-budget’ for growing shortfall in public finances

The Guardian - UK

Chancellor Rachel Reeves hints she's looking for tax rises and spending cuts in upcoming Budget

Chancellor Reeves fails to accept responsibility for economic woes as she blames impact of Brexit, austerity policies and ex-PM Liz Truss's mini-budget

Evening Standard

Starmer only read China spy witness statements this morning, No 10 says, as Cleverly accuses PM of misquoting him – as it happened

PM says he intends to publish statements in full and blames previous government for failure of the case

The Guardian - UK

PMQs live: Starmer vows to publish China spy scandal witness statements in clash with Badenoch

At a fiery PMQs Kemi Badenoch accused Sir Keir Starmer of ‘obfuscation’ over the China spy case

The Independent UK

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Reeves admits she’s looking at tax rises and spending cuts in Budget

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

The Independent UK

Exclusive: Tube drivers set for £80,000 salary as TfL offers enhanced three-year pay deal to avert strikes

Revised pay offer ensures London Underground staff wages will rise faster than cost of living

Evening Standard

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Reeves eyes tax hikes as economy suffers ‘severe and long-lasting’ Brexit impact

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

Evening Standard

A quiet bite in: Charlie Bigham launches £29.95 ready meals for home diners

Supermarket supplier says new pricier range is still cheaper than bill for a night out at a restaurant

The Guardian - UK

'We Need Support, Not Pressure': Inside Rachel Reeves' Youth Jobs Guarantee Plan

Labour's new jobs guarantee promises paid placements for young people out of work for 18 months. But experts warn it could repeat past mistakes if it relies on sanctions rather than support. And, policy must focus on skills, confidence and real opportunity to work.

International Business Times UK

Reeves takes aim at ‘blockers’ using judicial review to halt major projects

The Government will cut the amount of time it takes for judicial reviews to move through the system, Rachel Reeves announced.

Evening Standard

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Evening Standard

Reeves to touch down in Washington after IMF warns of rising UK inflation

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

The Guardian - UK

The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

The Independent UK

The government cannot afford to limp on without an economic strategy

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

The Guardian - UK

UK faces highest inflation in G7 this year and next, IMF warns

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

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Evening Standard

Reeves urged to overhaul tax system and hike levies in breach of manifesto

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

Evening Standard

UK inflation to rise to highest in G7, warns IMF as food costs surge

It came as the IMF increased its UK growth forecast for this year but reduced its prediction for 2026 amid concerns over the labour market.

The Independent UK

UK facing highest inflation in G7 in yet another pre-Budget blow for Reeves

IMF also trims growth forecast for 2026 in ‘grim’ news for chancellor weeks before Commons statement

The Independent UK

Budget situation is ‘desperate’, Reeves warned as experts say she has no choice but to raise big taxes

Labour chancellor told a ‘Scrabble bag’ of smaller increases will not rejuvenate UK’s faltering economy

Evening Standard

Bellway calls for Government to ‘commit’ to addressing home affordability issues

The housebuilder nonetheless said it sold more homes over the past year.

The Guardian - UK

Young people are biggest victims of UK’s fragile jobs market

Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert says

The Guardian - UK

Rachel Reeves, just tell voters why taxes must go up – and then do it

The Thatcherite notion of tax as wicked must be challenged in the upcoming budget. Target unearned wealth; explain that tax creates a decent society, says Guardian columnist Polly Toynbee

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