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The Latest Breaking News from Rachel Reeves

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”

The Guardian - UK

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.

Evening Standard

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 Independent UK

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

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 Guardian - 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’

The Independent UK

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

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

Evening Standard

Rejoin the EU to solve UK’s economic woes and tackle small boats crisis, Kinnock tells Starmer

Lord Kinnock says he understands it would not be easy but ‘if we really want sustained economic growth, we have to be part of a body of the single market with our nearest neighbours’

The Independent UK

Rachel Reeves due to appear at gambling lobbyist’s event amid tax review

Chancellor’s invitation criticised as ‘strange timing’ with Treasury looking at whether to raise duties on £12bn sector

The Guardian - UK

Homes now ‘unaffordable’ for most people – even for some of the highest earners

Even the top 10 per cent of earners in London are priced out of affordable home ownership, latest national data shows, with the average house price in England over seven times higher than income

The Independent UK

Overbaked prices? What a Greggs sausage roll and Pret meal deal say about how much Britons will pay

Food inflation pushes consumers to the limits of what they are willing to spend, costing retailers sales

The Guardian - UK

Why a rare bat species could cost a council £4.3m

Lincolnshire County Council claimed it must build a £4.3m bridge and tunnel to protect bats as it begins road construction

The Independent UK

Tax rises ‘inevitable’, experts warn after borrowing soars in another blow for Rachel Reeves

Labour chancellor facing increasing pressure to rescue the UK’s troubled finances

The Independent UK

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The Guardian - UK

Ministers tell Environment Agency to wave planning applications through

Exclusive: Officials say they have been told to do as little as legally possible to prevent approvals for housebuilding in England

Evening Standard

FTSE 100 Live 19 September: Tax hikes loom after latest borrowing setback, pound falls

The highest August public sector borrowing figure since the pandemic today dealt a fresh blow to Rachel Reeves.

The Guardian - UK

UK borrowing hits five-year high for August at £18bn

Worsening public finances mean Rachel Reeves will almost certainly announce tax rises in November budget

The Guardian - UK

Who sat next to whom at Trump’s Windsor banquet – and what does it tell us?

US president was next to Princess of Wales while Rupert Murdoch had the ear of Starmer’s chief of staff

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Evening Standard

Winners and losers in UK industry from Donald Trump’s state visit

The PA news agency looks at which sectors seen strong US investment and which missed out.

The Guardian - UK

Bank’s interest rate vote and bond plans are little help to Reeves before budget

Holding borrowing rates and continuing bond sell-offs were widely expected but an alternative was available

The Guardian - UK

Bank of England governor says UK ‘not out of the woods’ on inflation, after leaving interest rates on hold – as it happened

BoE votes to cut its stock of government bonds at a slower pace over the next year

The Guardian - UK

Tax rises in, two-child limit out: what Resolution Foundation’s boss is urging Reeves before budget

Pensions triple lock should also go, says Ruth Curtice, a former civil servant who says it’s ‘nice to be allowed to say what you think’

The Guardian - UK

Labour is in a mess. Is there anything Starmer can do to turn things around? Our panel responds – part one

Over a year into power, Keir Starmer’s government is floundering. But it still has a large parliamentary majority and time on its side — here’s what it could do, says our first group of panelists

The Independent UK

Families in Britain are £20,000 worse off than 20 years ago, report warns

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

The Guardian - UK

The Guardian view on Labour and the economy: the legacy was grim but voters need hope, not excuses

Editorial: The prime minister and the chancellor are running out of time to convince their own MPs that they have a plan to turn things around

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