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The Latest Breaking News from Rachel Reeves

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

The Independent UK

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

Evening Standard

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Independent UK

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UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The Guardian - UK

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

The Independent UK

Blow for Reeves as business output slows sharply in September

Economists warn of “litany of worrying news” as PMI survey reading falls to lowest level for five months

Evening Standard

Voices: ‘A half-baked idea from the London-centric Treasury’: Readers weigh in on ‘taxi tax’ Budget row

YOUR VIEWS: Our community warned that adding VAT to taxi fares would be unfair, arguing that ‘cab owners will lose income, and people will lose mobility,’ hitting rural, elderly and disabled communities hardest

The Independent UK

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Minister refuses to guarantee Labour will end use of asylum hotels by 2029

Matthew Pennycook refused to guarantee the use of asylum hotels will end by 2029

The Independent UK

Top Burnham ally launches scathing attack on Starmer on eve of Labour conference

Exclusive: Sacha Lord compared Labour under Keir Starmer to a fish ‘rotting from the head’

The Independent UK

Ukraine-Russia war latest: Trump says Kyiv can ‘fight and win all of Ukraine back’ in major U-turn

The US president accused Vladimir Putin of ‘bad leadership’ during an address to the United Nations General Assembly in New York

The Independent UK

Reeves urged to take 2p off employee NI and add it to income tax in budget

Resolution Foundation says move could raise additional £6bn a year and ‘level the playing field’ on income tax

The Guardian - UK

Cut national insurance and hike income tax to meet fiscal rules, think tank says

The Resolution Foundation said the move would create a level playing field and protect workers’ pay.

The Independent UK

Income tax hike of 2p to target pensioners and landlords would ‘level playing field’, think tank tells Reeves

Labour chancellor also facing calls to raise levies on lawyers, sugar, salt and longhaul flights in the Budget

The Independent UK

Rachel Reeves urged to put 2p on income tax and cut employee NI to meet fiscal rules

The Resolution Foundation said the move would create a level playing field and protect workers’ pay

Evening Standard

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The Guardian - UK

What swayed the decision for second Gatwick runway and what does it mean for Heathrow?

The lowdown on what happens next and whether the move is likely to boost the UK economy

The Independent UK

DWP chief won’t rule out further benefit cuts before next autumn

Delayed changes to PIP won’t put off other cuts, work and pensions secretary states

Evening Standard

Nigel Farage under fire over 'half-baked' immigration plan as huge EU carve-out revealed

Reform facing questions over its claim that the plans could save £234 billion

The Guardian - UK

Reeves claims Gatwick second runway ‘will mean cheaper holidays’; Trump’s $100,000 H-1B visa fee expected to hurt US growth – as it happened

Rolling coverage of the latest economic and financial news, as Green Party’s Zack Polanski says signing off second runway at Gatwick “is a disaster”

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Evening Standard

Reeves: Gatwick second runway shows Government ‘backing builders, not blockers’

Chancellor Rachel Reeves said the expansion of Gatwick Airport would mean thousands more jobs and billions of pounds for the economy.

The Independent UK

Rachel Reeves facing backlash in ‘taxi tax’ Budget row

Levy on cab rides set to join other Budget disasters such as ‘tractor tax’ and ‘pasty tax’

The Guardian - UK

House of Commons nursery provider criticised for article praising Reform conference

Piece on website of LEYF, which runs nurseries across London, talked of party’s ‘growing appeal to mothers’

The Guardian - UK

Boomers think their wealth came from wise choices – this myth needs busting

If Reeves swipes some of the huge gains amassed from property and pensions, the lucky generation cannot argue – but will

The Independent UK

UK to use Russian assets to fund Ukraine war effort

IN FULL

The Independent UK

UK flies fighter jets over Poland in warning shot to Putin to stay out of Nato territory

Moscow claims incursion into Estonia was ‘scheduled flight’ after Donald Trump warns the breach could lead to ‘big trouble’

Evening Standard

UK to explore ‘reparations loan’ for Ukraine using frozen Russian assets

Treasury officials also declined to discuss the mechanisms the UK would consider.

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