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The Latest Breaking News from Rachel Reeves

UK economy flatlines in July in grim news for Rachel Reeves

Official GDP figures confirm widely expected slowdown after strong expansion in first half of the year

The Guardian - UK

Business rates rise would put hundreds of big shops at risk, say UK retailers

Concern for ‘anchor tenants’ as trade body warns that stores could put up prices or cut jobs to protect profits

The Guardian - UK

High street crisis deepens with 400 of Britain’s largest shops at risk of closure

Industry leaders have responded to the government’s proposed higher business rates tax band

The Independent UK

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Treasury targets business rates to boost small companies’ expansion

IN FULL

The Independent UK

Should UK's Side-Hustle Taxes Be Relaxed? Online Platforms Seem to Think So

Online platforms urge Chancellor Rachel Reeves to raise the tax-free side hustle limit from £1,000 to £3,000 to boost growth.

International Business Times UK

Primark boss issues stark warning to Reeves over Budget

George Weston urged the chancellor not to give consumer confidence another ‘great whack’ in November

The Independent UK

Let France be a warning, Rachel Reeves: stand up to the bond market vigilantes, or they’ll come for Britain next

Labour can stick with ‘you can’t buck the markets’ – or challenge the economic orthodoxy that has served narrow class interests for 50 years, says Guardian columnist Larry Elliott

The Guardian - UK

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Rachel Reeves admits economy is ‘stuck’ as she confirms business rates overhaul

British Retail Consortium said the business rates system is ‘outdated, overly complex and economically damaging’

The Independent UK

Chancellor says economy ‘stuck’ as Treasury reviews business rates cliff edges

The Treasury said it would consider overhauling small business rates relief rules which ‘can discourage’ expansion and investment

Evening Standard

Pre-budget howls from big business beasts go deeper than the usual tax grumbles

Top executives say ministers don’t ‘get’ business, they aren’t listening and key decisions are fluffed or take too long

The Guardian - UK

Primark owner’s boss warns Reeves not to give consumer sentiment ‘another great whack’ in budget

George Weston, CEO at ABF, also said food price inflation had peaked and would now start to ease

The Guardian - UK

Rachel Reeves tells private equity bosses she plans to shut down more regulators

Chancellor stopped short of saying which regulators were in government’s crosshairs

The Guardian - UK

Reeves Blocks Wealth Tax Plan: Defies Labour Hopeful, Gambles with Public Finance Chaos

Chancellor Rachel Reeves blocks wealth tax, defying Labour MPs, risking £50B fiscal chaos. Can she balance the Budget without breaking promises?

International Business Times UK

Reeves accepts impact of taxes on growth as she orders Cabinet to tighten belts

Chancellor Rachel Reeves sought to reassure business chiefs that she would seek spending restraint rather than growth-busting taxes.

Evening Standard

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The Guardian - UK

Starmer tightens grip on economic policy by strengthening autumn ‘budget board’

Key figures from No 10 and No 11 appointed to group include Torsten Bell, new economic adviser Minouche Shafik and comms chief Tim Allan

Evening Standard

CBI boss calls on Chancellor to break Labour’s manifesto tax promise

Rain Newton-Smith warned Rachel Reeves against ‘slavish adherence’ to tax pledges made in the run-up to last year’s general election.

The Guardian - UK

Starmer should beware: in this volatile age, no majority and no leader is secure for long

Labour’s massive election victory already feels long ago. The PM needs to build a new electoral alliance – and quickly, says Guardian columnist Rafael Behr

The Independent UK

Starmer creates ‘Budget board’ to boost economic growth and keep businesses onside

Starmer’s ‘budget board’ is part of his reset following the resignation of Angela Rayner last week

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The Guardian - UK

CBI boss calls for Reeves to tear up Labour’s pledge not to raise tax

Rain Newton-Smith tells chancellor ‘the time for tinkering is over’ and revisit promise not to raise taxes on working people

The Independent UK

Voices: If Jim Ratcliffe pulls billions out of Britain, is Labour really to blame?

COMMENT : The energy tycoon and co-owner of Manchester United is considering moving his investments out of the UK, saying it has become ‘one of the most unstable fiscal regimes in the world’. But could there be more to it than meets the eye, asks James Moore

Evening Standard

Starmer hits out at Reform’s ‘politics of grievance’ as his new Cabinet meets

The Prime Minister also told his top team that economic growth is the Government’s top priority as it seeks to take on Nigel Farage’s party.

The Independent UK

Ex-minister reveals the pensions changes most likely at Budget

Higher earners could be targeted at the chancellor’s second fiscal event

The National (Scotland)

The truth about Keir Starmer's reshuffle – and who's really got the power

THE definition of insanity is, famously, doing the same thing over and over and expecting different results.

The Independent UK

Voices: Will a pensions raid stop young people from saving?

COMMENT: As British workers make record withdrawals from their pension pots, amid fears that the chancellor is about to reduce the tax-free limit in her autumn Budget, James Moore worries that some people might be prompted to make bad decisions that will affect more than just their later years

The Independent UK

Rising mortgage rates signal fresh battle for homeowners ahead of Reeves’ Budget

Lenders have raised rates on some deals amid a ‘fraught political and economic climate’, with more expected to follow

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