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The Latest Breaking News from Rachel Reeves

London is picking up the bill for the 6.5 million people on out-of-work benefits

The number of people claiming state cash is spiralling. This issue is sending us into financial freefall

Evening Standard

Defiant Reeves admits working people ‘feel stuck’ but insists Britain is not broken

Exclusive: Rachel Reeves launches her post-summer fightback with a boost for working parents as she tackles critics of Labour’s plans and the economy

The Independent UK

Change windfall tax to make £137bn by 2050, Chancellor told

Offshore Energy UK said the the energy profits levy should be replaced next year with a profits-based mechanism.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Tories challenge Rachel Reeves to rule out ‘damaging property taxes’

The Chancellor will have to raise taxes or cut spending by around £51 billion to maintain her current level of ‘headroom’, experts say

Evening Standard

The budget, immigration, Trump’s visit: the tests lying in wait for Keir Starmer

There is no shortage of challenges for the PM as MPs head back to Westminster and he tries to get on the front foot

The Guardian - UK

Rachel Reeves is under immense pressure. She must not waste her chance to ‘go big’

Chancellor needs to reform an out-of-kilter tax system without alienating voters or spooking financial markets

The Guardian - UK

‘All the power is with the employer’: why zero-hours workers welcome Labour’s rights bill

Critics of the legislation want the government to water it down, but for many employees change can’t come too soon

The Guardian - UK

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Rachel Reeves given tax warning over manifesto pledge

IN FULL

The Independent UK

Reeves warned she will have to break manifesto commitment on tax to deal with economic black hole

Leading economists have questioned strategy of ‘fiddling around’ with new small taxes – such as the mansion and gambling taxes – to avoid economic crisis

The Independent UK

Banks hold FTSE 100 back on windfall tax worry

The FTSE 100 index closed down 29.48 points, 0.3%, at 9,187.34.

Evening Standard

Phil Spencer: rumoured reforms to stamp duty and capital gains tax would be catastrophic for London

It’s difficult to exaggerate the disruption and distortion that would take place in the lead up to any changes, half of London would be on the market

Evening Standard

Starmer names former Bank deputy governor as his chief economic adviser

Minouche Shafik quit Columbia University after controversy over anti-Israel protests on New York campus

The Guardian - UK

‘Just hysteria’: UK faces a crisis but the IMF bailout talk is overblown

Despite sluggish growth and rising borrowing costs, most economists agree that Rachel Reeves doesn’t face a repeat of 1976

The Guardian - UK

How would hiking tax on landlords impact London's renters? ...The Standard podcast

Listen here on your chosen podcast platform.

Evening Standard

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The Independent UK

What you need to know about inheritance tax and the planned changes

A financial expert recommends speaking to an independent advisor about your money

Evening Standard

UK bank shares fall as fears raised in City over budget tax raid

City traders were reacting to a report from the IPPR which said Rachel Reeves should impose a new bank tax.

Evening Standard

'Stop taxing everything': Big business bosses warn Chancellor Rachel Reeves ahead of Budget

Asda chairman Allan Leighton said the Treasury should invest in Britain rather than ‘taxing everything in some way, shape or form’

The Guardian - UK

Pre-budget lift for Rachel Reeves as UK business confidence rises

Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014

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The Guardian - UK

Police warn protesters not to travel to Epping after asylum hotel ruling – as it happened

Home Office and Bell hotel owner challenged injunction granted to council that would have stopped dozens of asylum seekers being housed there

The Guardian - UK

UK bank shares fall as City fears budget tax raid; US trade deficit surges – as it happened

Calls for ‘Thatcher-style tax on bank profits’ to raise billions of pounds rattle bank shares

Evening Standard

FTSE 100 Live 29 August: Tax raid fears hit banking shares, US inflation data in focus

FTSE 100 banking stocks are under pressure after a think tank urged Rachel Reeves to consider tax raid on major firms such as Barclays, Lloyds and NatWest.

The Independent UK

Asda chairman issues inflation warning to Rachel Reeves

IN FULL

Evening Standard

OPINION - Landlord woes - how a nightmare tenant turned my lovely flat into a cannabis factory

The beginning of the end came early one Saturday morning. We were sitting in the departures zone at Stansted airport, waiting to board a red-eye flight for a family birthday reunion early last year. But something was wrong with our bank account. One of our tenants had just paid his…

The Independent UK

Windfall tax on banks could recoup QE losses and raise £8bn a year, IPPR says

Hiking a levy on the profits of major firms could raise up to £8 billion a year for public services, the IPPR said.

The Independent UK

Windfall tax on banks could raise £8bn a year, Rachel Reeves told as she seeks to plug Budget black hole

This money is then partly being funnelled to bank shareholders due to a ‘flawed’ policy design, a new report says

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