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The Latest Breaking News from Rachel Reeves

Furious battle over Budget inside government as Starmer urged to stop mansion tax plan

Rachel Reeves is said to be seriously considering a mansion tax to fill an estimated £40 billion budget black hole and appease the left of the Labour Party

The Independent UK

Reeves heads into Budget with public finances in challenging state – Streeting

Health Secretary Wes Streeting said the economy was not ‘out of the woods yet’ ahead of Rachel Reeves’ November 26 Budget.

Evening Standard

Taxes must rise but taxes must be fair

THE INDEPENDENT VIEW: Editorial: A tax rise only on the rich will hurt growth and raise too little revenue – a broader rise in income tax would be fairer and more effective

The Independent UK

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Do populists always crash the economy?

Argentina is counting the cost of its turn to Javier Milei. Politicians from Donald Trump to Giorgia Meloni and Nigel Farage will be closely watching what happens next

The Guardian - UK

Rachel Reeves wants to eat the rich, but London needs a better boost

As the super-rich take their money out of the capital, there are easy wins the Chancellor could take in her Budget, reports Jonathan Prynn

Evening Standard

UK supermarkets warn business rates rise could push up food inflation

A letter to Rachel Reeves has been signed by executives including at Tesco, Sainsbury’s and Aldi.

The Independent UK

UK supermarket giants join up to warn business rates rise could push up costs

The plans are set to be confirmed in next month’s autumn Budget statement

The Independent UK

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Rachel Reeves under pressure to target high earners in Budget tax raid

Exclusive: The chancellor is being pushed to break Labour’s manifesto pledge on not raising income tax

The Independent UK

Raise £12bn in budget by extending income tax thresholds freeze, says thinktank

Fabian Society says move ‘best available option’ for chancellor as she seeks to offset impact of weaker economic forecasts

The Guardian - UK

Rachel Reeves warned living wage hike will lead to job losses

The chancellor is looking at raising the living wage to at least £12.70 in her Budget

The Independent UK

London's spirit distilleries being 'crushed' by Government hikes in alcohol duty, Chancellor warned

In anticipation of the upcoming budget, the distillers call duty rises ‘crushing’

Evening Standard

Cutting cash Isa limit will not boost stock market, MPs warn Rachel Reeves

Treasury committee says move in November budget could push up mortgage rates instead

The Guardian - UK

Do not cut cash Isa allowance in the Budget, senior MPs warn Reeves

It is ‘not the right time’ to cut the tax-free limit, a senior MP warns

The Independent UK

Government should not cut cash Isa allowance, says Treasury Committee

The MPs said the focus should instead be on improving financial literacy and enhancing access to good investment advice and guidance.

Evening Standard

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Evening Standard

Chancellor declines to rule out income tax hike – reports

Raising the basic rate of income tax by 1p could raise around £8 billion, but would break a clear manifesto pledge.

International Business Times UK

Brits to Spend More This Christmas – But Falling Savings and Budget Fears Signal Tougher Times Ahead

UK consumer confidence hits a high, but growing anxiety over personal finances is evident as savings decline.

The Independent UK

Rail line to reopen in Oxford as part of ‘Europe’s Silicon Valley’ project

Two new stations are to be built in Oxford as part of the development

The Independent UK

How could inheritance tax change at the Budget?

The chancellor is reportedly considering a number of tweaks to inheritance after last years’ reforms

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The Guardian - UK

What kind of country puts its pensioners ahead of children in poverty?

As long as a third of children are living below the poverty line, the government cannot justify keeping the pensions triple lock, says Guardian columnist Polly Toynbee

The Independent UK

Rachel Reeves ‘considering breaking Labour manifesto pledge with income tax raid’

Rachel Reeves is reportedly considering raising income tax to help fill an estimated shortfall of between £30bn and £50bn

Evening Standard

Consumer confidence rises ahead of Black Friday sales

GfK’s long-running Consumer Confidence Index increased by two points in October – although it still languishes at minus 17.

The Independent UK

Union calls on Chancellor to freeze duty on Scotch whisky

GMB Scotland, one of the largest unions in the industry, has written to Rachel Reeves.

Evening Standard

Ministry of Defence forecast to exceed budget by £2bn in summer estimate

The department’s financial position has improved since then, it is understood.

Evening Standard

Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

The Guardian - UK

Reeves considers breaking manifesto pledge with income tax rise to fill £30bn gap

Exclusive: Treasury discussions include possibly adding 1p to basic rate or raising higher or additional tax rates

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