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The Latest Breaking News from Rachel Reeves

'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

Evening Standard

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

The Guardian - 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

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HMRC issue winter fuel payment scam warning after thousands targeted

Fraudsters have been targeting vulnerable people using texts and phishing websites

The Independent UK

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.

Evening Standard

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 Guardian - 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

The Independent UK

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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.

Evening Standard

Building societies see jump in cash Isa applications amid speculation over limit

Reports have suggested that plans to cut the annual tax-free cash Isa allowance could be announced next week.

Evening Standard

Rachel Reeves urged to leave cash ISAs alone

IN FULL

The Independent UK

Rachel Reeves under pressure to save cash ISAs after building societies pen open letter to chancellor

The current £20,000 annual limit is expected to be cut but experts say it won’t prompt wider investment

The Independent UK

SNP urge Rachel Reeves not to 'clobber' Scots with cuts to Isa tax-free allowance

The SNP have urged the Chancellor not to cut the tax free allowance on cash savings accounts ...

The National (Scotland)

London’s stock exchange needs a shot in the arm from the Treasury

A marketing campaign is all very well but if the LSE’s fortunes are to turn, the real oomph needs to come from the chancellor

The Guardian - UK

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The Independent UK

SNP urge Reeves not to cut Isa tax-free allowance

SNP economy spokesman Dave Doogan said the move could ‘clobber’ 1.3 million Scots who have cash Isas.

The Guardian - UK

Britain remains trapped in poor economic policy

Letters: Readers respond to Randeep Ramesh’s article on the flaws in Labour’s approach to the economy

The Independent UK

‘Naive and arrogant’: Why a wealth tax in the UK would fail, according to experts

The UK government needs to raise funds – but experts say trying to take more from the rich simply won’t work

The Independent UK

Voices: It’s time football clubs paid the price of policing matches

COMMENT: The head of the Met is is right that taxpayers shouldn’t be paying the £70m-a-year cost of match-day policing, says Chris Blackhurst – the filthy-rich Premier League clubs and their billionaire owners should be footing the bill

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Evening Standard

Government could help City firms fund defence industry – taskforce report

Ministers have been urged to produce a 10-year outlook revealing their intentions for equipment procurement.

Evening Standard

OBR: Vulnerable UK faces 'daunting' threats to stability of public finances after welfare climbdown

Successive governments’ efforts to put the UK public finances have met with only “limited and temporary success” says watchdog

The Guardian - UK

UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs

Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatility

The Independent UK

Starmer’s U-turns leave UK economy ‘vulnerable’ warns OBR

The Office for Budget Responsibility’s warning piles fresh pressure on Rachel Reeves ahead of the autumn Budget

Evening Standard

Billionaire Labour backer John Caudwell says he's 'increasingly nervous' about Starmer - as he hits out at 'destructive' wealth tax

John Caudwell has warned that a wealth tax would be ‘very destructive’ to growth

The Guardian - UK

To those who question what Labour stands for – look at Best Start. It will change Britain’s future

Sure Start was New Labour’s finest achievement, and the Tories destroyed it. Now it’s back with a mission to put children at the heart of everything, says Guardian columnist Polly Toynbee

The Independent UK

Before the government overhauls special educational needs, lessons must be learnt

THE INDEPENDENT VIEW: Editorial: The welfare reform bill fiasco has made rethinking education, health and care plans infinitely more difficult. Any reforms must clearly be for the benefit of the recipients – not driven by the Treasury’s need to make savings

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