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The Latest Breaking News from Rachel Reeves

Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

Niesr said Rachel Reeves is facing an ‘impossible trilemma’ and will likely need to resort to tax rises in the autumn budget.

Evening Standard

Savings Tax Could Affect 300k Brits: Will You Be Deducted And How Much Will You Pay?

By 2025-26, 300,000 more Brits face savings tax due to frozen thresholds. ISAs offer relief, but reforms loom. Learn who's affected and how to protect your savings.

International Business Times UK

Business news live: Novo Nordisk hit by slowing Ozempic sales, Tesla shareholders sue Musk over Robotaxi

Stock market news and latest business and finance updates from Wednesday

The Independent UK

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read the most diverse news in one place.

Something has to give, chancellor – and that something is income tax

THE INDEPENDENT VIEW: Editorial: Rachel Reeves must use her autumn Budget to set aside manifesto commitments and put the public finances on a more sustainable footing. The most reliable and economically sound way is the most straightforward – and the most politically difficult

The Independent UK

Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap

The Guardian - UK

Rachel Reeves faces 'impossible trilemma' and must raise taxes in the autumn budget, economists warn

Rachel Reeves must raise taxes or cut spending in the autumn budget to plug a £41billion budget black hole, the National Institute of Economic and Social Research says

Evening Standard

Chancellor ‘must raise taxes to help plug £40bn-plus gap to meet fiscal rule’

Rachel Reeves is set for a £41.2 billion shortfall on her ‘stability rule’, he National Institute of Economic and Social Research said.

The Independent UK

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Rachel Reeves faces ‘impossible trilemma’ and must raise taxes or cut spending to plug £50bn black hole

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

The Independent UK

Rachel Reeves Urged to Tax Migrant Remittances and Crack Down on Illegal Work

These guilty firms could also face steep financial penalties, which would help fund a whistleblower reward system offering £500 per verified illegal worker,

The Fashion Central

Tories demand Reeves ‘urgently rule out’ investment tax hikes

The Tories claim scrapping the £500 dividend allowance will drag an estimated 5.22 million more people into paying investment levies.

Evening Standard

Rachel Reeves under pressure to ‘urgently rule out’ tax hikes

The Tories argue that leaving investors ‘in limbo’ could harm the economy

The Independent UK

‘I’d do it all again’: the UK factory worker who beat the car lenders in court

Marcus Johnson’s successful claim means more consumers can access a multi-billion-pound compensation scheme

The Guardian - UK

Voices: George Osborne is right – Britain can’t afford to ignore the new cryptocurrencies

INSIDE BUSINESS: Former chancellor warns the UK against abandoning the global crypto race, says James Moore – and, when it comes to loosening consumer protection rules, he may have a point

The Independent UK

The taxwoman cometh... with her sights set on London

More tax hikes seem inevitable in Rachel Reeves’s Budget — and the capital is likely to face the worst of them, writes Jonathan Prynn

Evening Standard

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Evening Standard

High street banks lost £100bn in customer savings to rivals since 2019 – report

A report from KPMG has warned that traditional banks will need to overhaul and embrace AI as they face a squeeze on profits over the years ahead.

The Independent UK

Reeves acknowledges voter disappointment amid fresh call for wealth tax

IN FULL

The Independent UK

Labour minister Chris Bryant says he was sexually abused by former National Youth Theatre boss

Sir Chris Bryant describes the abuse as being ‘absolutely appalling’

The Independent UK

Labour does not deserve to win next election if it does not deliver change, says Reeves

Speaking at the Edinburgh Fringe festival, the chancellor says she is ‘impatient for change’ but ministers ‘can’t do everything straight away, all at once’

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The Independent UK

Rachel Reeves accuses Jeremy Corbyn of trying to destroy Labour

IN FULL

Evening Standard

Rachel Reeves making ‘even bigger mistakes’ than Liz Truss, says Kemi Badenoch

The Tory leader said ‘Keir Starmer and Rachel Reeves have not learnt the lessons of the mini-budget’.

The Independent UK

Yvette Cooper’s fast-track asylum plan revealed after protests across UK

Tensions over asylum hotels have flared up in recent weeks, with a protest and counter-protest taking place on Saturday outside the Thistle City Barbican Hotel in north London

The Independent UK

Rachel Reeves launches scathing attack on Jeremy Corbyn and Your Party: ‘The bloke’s got a big ego’

Rachel Reeves launched an attack on Mr Corbyn’s ‘ego’ as she accused him of ‘trying to destroy my party’

Evening Standard

Chancellor: Public will reject Corbyn’s new party like they rejected him before

Rachel Reeves launched an attack on Mr Corbyn’s ‘ego’ as she accused him of ‘trying to destroy my party’.

The Guardian - UK

Labour does not deserve to win next election without change, Reeves says

Chancellor admits voter frustration as government faces renewed calls from Labour politicians for a wealth tax

The Guardian - UK

Chancellor’s attempt to intervene in car finance scandal branded ‘disgraceful’

Defending industry over consumers sends ‘really bad message’, says Treasury committee member Bobby Dean

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