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The Latest Breaking News from Rachel Reeves

Rachel Reeves’ pension plan that could affect you

IN FULL

The Independent UK

Why radical tax reform may be only way for Reeves to balance the books

Size of the task remains unclear but the chancellor will have to act in the face of expected growth downgrades

The Guardian - UK

Rachel Reeves warned against cutting tax-free pension lump sum as she seeks to raise billions

Currently, pensioners can take out a quarter of their pension pot tax-free, with a cap of £268,000 – but that could change as Reeves attempts to claw back billions

The Independent UK

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UK government borrowed lower than forecast in July in boost for Rachel Reeves

Economists had widely predicted a higher July borrowing figure, making the actual outcome a positive surprise

The Independent UK

Government borrowing less than expected in July in boost for Reeves

The Office for National Statistics said the borrowing of £1.1 billion is the lowest July figure for three years.

Evening Standard

Voices: What is the fairest way to tax property in the UK? Join The Independent Debate

THE INDEPENDENT DEBATE: Readers are divided over the fairness of proposed reforms to UK property taxes, debating whether they tackle unearned wealth or unfairly penalise ordinary homeowners

The Independent UK

UK borrowed less than expected in July in lift for Rachel Reeves

Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budget

The Guardian - UK

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How Labour can build a stronger British economy

Letters: Rachel Reeves should shift her focus from global financiers to UK savers, says Colin Hines. Plus letters from Prof Stephen Barber, Dr Michael Symonds, Hugh D Bryant and Keith Eves

The Guardian - UK

Reeves leaves no stone unturned as she mulls reforms for property tax

Chancellor and prime minister are latest in a long line of politicians who have tried to squeeze more out of UK property

The Guardian - UK

‘Past mistakes must be avoided’: anxiety as Labour eyes public-private funding for NHS

Decision on neighbourhood health centres expected in autumn but approach divides policy experts

The Guardian - UK

Why inflation has risen above expectations – and what it means for you

Rachel Reeves has said there is ‘more to do to ease the cost of living’ following the latest figures

The Independent UK

Rachel Reeves considers ‘mansion tax’ to fill Treasury black hole

The chancellor is seeking ways to raise cash in the face of dire warnings about the state of the public finances

The Independent UK

Labour 'lose control' as borrowing costs spike above worst of Liz Truss era

RACHEL Reeves is fire-fighting after the cost of government borrowing spiked to above the peak hit during Liz Truss’s time in power – and…

The National (Scotland)

Treasury minister fails to rule out hitting homeowners with capital gains tax

Chancellor Rachel Reeves is reportedly considering ending capital gains tax relief for people selling high-value homes

Evening Standard

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The Independent UK

Homeowners could be hit with new tax as Chancellor aims to fill ‘£41 billion shortfall’

Rachel Reeves could end capital gains tax relief for people selling high-value homes

The Guardian - UK

Reeves considering tax on high-value homes to help plug hole in finances

Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insurance

Evening Standard

UK inflation rises to 3.8% in July as rail passengers face crippling 5.8% fares rise next year

Retail Prices Index - normally used as a baseline for annual regulated train fire hikes - is revealed to have shot up from 4.4% in June to 4.8% in July

The Guardian - UK

Wednesday briefing: Is Rachel Reeves about to overhaul the dreaded council tax?

In today’s newsletter: The local tax remains based on property values from 1991. Now, with services stretched, ministers face the near-impossible task of rewriting the rules

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International Business Times UK

Britain's Businesses On The Brink: More Than 2,000 Firms Collapse In A Month After Reeves' Tax Raid

Over 2,000 firms collapsed in England and Wales in July as Rachel Reeves' tax hikes, rising wages, and high interest rates push Britain's businesses into crisis.

The Guardian - UK

How Rachel Reeves can raise money and also make the tax system fairer

Letters: Most people support a wealth tax on £10m fortunes and want to equalise capital gains and income tax, writes Caitlin Boswell. Plus, letters by Christopher Bowser and Alan Fairs

The Independent UK

UK at ‘tipping point’ as millionaires consider moving abroad over wealth tax fears

More than half of the 1,000 wealthy respondents also said they are more likely to consider leaving the UK if Rachel Reeves introduces a wealth tax

The Independent UK

Voices: Calm down, homeowners – Rachel Reeves’ property tax might be an improvement

COMMENT: The chancellor’s idea to replace stamp duty and council tax with a single charge on homes worth upwards of £500,000 could be more appealing – and more progressive – than the current mess, says Chris Blackhurst

The Independent UK

Voices: ‘Owning a £500k home does not make you rich’: Readers challenge Reeves’ property tax plan

YOUR VIEWS: Our community has hit out at plans for a £500k property tax, saying it unfairly hits ordinary homeowners and needs higher thresholds or regional tweaks

The Independent UK

How could Labour shake up the property tax system in the Budget?

Chancellor Rachel Reeves is looking at reforms designed to target wealthier individuals

The Independent UK

Reeves’s new homes levy slammed as a ‘tax on ordinary Londoners’ that will hit families hardest

A property expert who has campaigned against stamp duty says the new tax will make it harder for Londoners to start families

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