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The Latest Breaking News from Rachel Reeves

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

The Guardian - UK

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.

Evening Standard

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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

The Independent UK

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

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

Evening Standard

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

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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

The Guardian - UK

Rachel Reeves to confirm changes to ‘outdated’ planning system

Changes intended to reduce ‘burdensome bureaucracy’ and make it easier to build windfarms, reservoirs and housing

The Guardian - UK

UK labour market shows signs of stabilising after job losses

Unemployment rate rises slightly to 4.8% but ONS says falls in payroll numbers and vacancies are levelling off

The Guardian - UK

Labour MPs call on Rachel Reeves to scrap council tax

Exclusive: 13 mainly northern MPs say a new system should better account for higher house prices in south-east

The Guardian - UK

UK retail sales growth cools amid fears over budget tax rises

Inflation also hitting sales, says industry body, as Barclays says credit card spending fell in September

The Guardian - UK

UK’s leading bosses urged to act on protecting against cyber attacks

Technology Secretary Liz Kendall and Chancellor Rachel Reeves are among ministers putting pressure on firms to act.

Evening Standard

Chancellor urged not to raise taxes on ‘drained’ businesses in Budget

The British Chambers of Commerce urged a reform of business rates.

Evening Standard

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Evening Standard

Farage denounces ‘cretins’ in charge of the economy as he pledges ‘big bang two’

The Reform UK leader has pledged to boost trade in digital assets if his party forms a government.

Evening Standard

Lloyds challenges car loan compensation bill as it warns of £2bn hit

The high street banking giant raised concerns about the Financial Conduct Authority’s calculations for how much consumers lost out.

International Business Times UK

BMW Seeks Meeting With Rachel Reeves — Can Chancellor Find Middle Ground in £11BN Row?

BMW wants to meet with Chancellor Rachel Reeves as criticism rises over the FCA compensation scheme.

The Guardian - UK

IFS warns Rachel Reeves against ‘half-baked dash for revenue’

Thinktank says UK could raise significant funds by tackling some of the longstanding ‘inefficiency and unfairness’ in tax system

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Evening Standard

Rachel Reeves must avoid 'half-baked' tax rises to fix the economy, warns IFS

The Institute for Fiscal Studies urges the Chancellor to resist ‘simply hiking rates’ without changing an ‘unfair’ tax system

The Independent UK

Reeves could raise billions without breaking Labour pledges – IFS

The Government is under pressure to balance the books ahead of November’s autumn statement.

The Independent UK

Rachel Reeves warned against pensions tax raid or annual wealth tax at budget

The chancellor is facing increasing pressure to rescue the UK’s troubled finances in the Budget but the IFS has warned against raiding pensions or levying a wealth tax

The Guardian - UK

The Guardian view on Labour targeting nature: the problem isn’t snails, but a broken housing model

Editorial: Rachel Reeves’s drive to speed up development is beginning to treat wildlife and the environment as expendable. Voters want homes built, but not at any cost

The Guardian - UK

UK ministers take control of £10bn Lower Thames Crossing

Exclusive: National Highways Agency stripped of oversight with project handed to DfT amid Labour government drive for growth

The Independent UK

Keir Starmer ‘planning to blame Nigel Farage and Brexit’ for budget tax hikes

Sir Keir Starmer has been ramping up his attacks on Nigel Farage in recent weeks as Labour falls behind in the polls

The Guardian - UK

Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip

Labour embraced the forecaster’s powerful role, but now finds itself scrambling in the face of gloomy projections

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