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The Latest Breaking News from Rachel Reeves

UK's Starmer stands by his Treasury chief after house rental rule breach

U.K. Treasury chief Rachel Reeves has apologized for renting out her London house without a license

The Independent UK

Rachel Reeves ‘considering 2p increase to income tax’

The chancellor is facing the prospect of increasing taxes on 26 November as she looks to balance the books

The Independent UK

Reeves says she should have checked rental licence had been obtained as letting agent apologises – as it happened

No 10 releases redacted emails between Reeves’ husband and letting agent

The Guardian - UK

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Rachel Reeves faces 'cover-up' claim after breaking housing law over London property rental

Sir Keir Starmer says it is ‘regrettable’ that Rachel Reeves had not shared newly-revealed information with him on Wednesday

Evening Standard

‘Patients will suffer’: tales from the frontline of the UK pharma crisis

The pricing standoff between government and industry has stalled research and put thousands of jobs at risk

The Guardian - UK

Ministers can raise taxes if they come out fighting. But no one in this cowardly Labour government seems able

Ahead of the budget, Rachel Reeves should be out making her arguments. Instead, there is silence – and a huge opportunity for Labour’s opponents, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Reeves warned she must end child benefit cap altogether or face rise in poverty

A report by the Resolution Foundation will fuel demands from Labour MPs for the chancellor to find another £3.5bn to tackle end the two child benefit cap

The Independent UK

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Rachel Reeves admits breaking rules by renting out her house without a licence

Chancellor is backed by prime minister after saying she ‘inadvertently’ failed to pay fee required by London council

The Guardian - UK

Rachel Reeves apologises for south London family home rental rule break Sir Keir Starmer rules out need for investigation into Reeves’ rental rule break

The Prime Minister made the decision after consulting his independent ethics adviser, Sir Laurie Magnus.

Evening Standard

Kemi Badenoch calls for Rachel Reeves to get the sack if she raises taxes

The Tory leader will demand that the chancellor ‘get the axe if she puts up tax’

The Independent UK

Kemi Badenoch calls for Chancellor to ‘get the axe’ if she raises tax at Budget

Sir Keir Starmer declined to rule out tax rises when questioned about the subject at Prime Minister’s Questions.

Evening Standard

Starmer faces calls for probe after Reeves admits falling foul of rental rules

The Chancellor did not obtain a rental licence when she put her south London home up for rent when she moved into No 11 Downing Street.

Evening Standard

Reeves backed landlord licensing rules before own rent rule flout revealed

The chancellor previously backed the expansion of landlord licensing policy in her constituency

The Independent UK

Pound sinks against euro and dollar as tax rises loom and growth slows

Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%

The Guardian - UK

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The Independent UK

What is a ‘mansion tax’ and how would it work?

A new levy targeting wealth could reportedly be announced by chancellor today

The Guardian - UK

Starmer refuses to rule out tax rises in budget after questioning by Badenoch

Prime minister fails to answer Tory leader’s questions about manifesto pledge not to raise income tax

Evening Standard

Income tax rise not ruled out by Keir Starmer in PMQs clash on Budget with Kemi Badenoch

Millions of households are set to be hit with tax rises as Rachel Reeves seeks to plug a hole in the public finances

Evening Standard

Starmer declines to rule out manifesto-busting tax rises in Budget

The Prime Minister refused to repeat Labour’s manifesto pledge on tax.

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Evening Standard

Pound tumbles as markets take fright over Rachel Reeves' Budget woes with UK productivity downgrade

Sterling dropped to a two-and-a-half-year low against the euro before regaining some ground

Evening Standard

Pound suffers further falls as UK’s fiscal troubles set to deepen

The UK’s independent fiscal watchdog has reportedly cut its productivity forecast, deepening the challenging facing the Chancellor.

Evening Standard

Mortgage approvals hit nine-month high as borrowing costs ease further

Some 65,940 mortgages for house purchases were approved in September, about 1,000 more than in August.

The Guardian - UK

Santander urges ministers to intervene in UK car finance compensation scheme

Lender’s chief executive says redress proposals could affect jobs, supply chains and broader UK economy

Evening Standard

Fresh tax hikes top Budget fears among London small businesses

The percentage of owners predicting growth falls to 36%, lowest level since first quarter of 2021.

The Independent UK

Fresh blow for Reeves as house builders warn Labour will struggle to hit 1.5m homes target

The warning is likely to harm prospects for the OBR upgrading its forecast for economic growth from construction

Evening Standard

UK can ‘defy’ gloomy forecasts despite productivity problems, says Chancellor

Rachel Reeves argued that austerity, Brexit and the pandemic had left ‘deep scars’ on the UK’s economy.

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Financial Conduct Authority

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Santander UK

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the Institute for Fiscal Studies

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MSD

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