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The Latest Breaking News from Rachel Reeves

How mortgage market changes could help first-time buyers onto the property ladder

Stress test rules and lending limits being changed are positives - but a balance still needs to be struck

The Independent UK

Reeves says protections remain for ‘working people’ amid wealth tax speculation

Chancellor Rachel Reeves said the manifesto commitment not to increase income tax, national insurance and VAT still stood.

Evening Standard

Rachel Reeves set to ape Margaret Thatcher with bank regulation bonfire

RACHEL Reeves is reportedly set to unveil Margaret Thatcher-style banking reforms in a desperate bid to spark economic growth.

The National (Scotland)

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UK politics: Tories’ energy policy shows they are ‘anti-science, anti-jobs, anti-future’ Miliband tells MPs – as it happened

Energy secretary says it is not clear if opposition have any net zero policy

The Guardian - UK

Tax rises: Freeze on income tax thresholds for millions left on table by Treasury minister Darren Jones

The Government has promised not to raise the ‘headline rate’ of income tax but has left open the possibility of freezing the thresholds for paying the levy

Evening Standard

Pound drops after Bank of England says it could further cut interest rates if jobs market slows

‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey

The Guardian - UK

Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – as it happened

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.

The Guardian - UK

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Tax pubs on profit not turnover, urges Greene King boss

Chain reports £147m loss last year as business rates blamed for accelerating closures

The Guardian - UK

Number of UK job hunters rises at fastest rate since Covid pandemic

Recruitment body blames ‘scar tissue’ left by April tax increases as starting salaries rise only modestly in June

The Guardian - UK

Bank of England could cut base rate if jobs market continues to slow – Bailey

Businesses are ‘adjusting employment’ as a result of Rachel Reeves’ decision to raise national insurance contributions for firms, the governor said.

Evening Standard

Bank of England could make cuts to interest rates if jobs market slows down, Bailey says

Businesses are ‘adjusting employment’ as a result of Rachel Reeves’ decision to raise national insurance contributions for firms, governor says

The Independent UK

Rachel Reeves to announce £500m for investment in youth services projects

Funding for social impact bonds to help children facing mental health difficulties, school exclusion or crime

The Guardian - UK

Reeves to launch £500m fund to help vulnerable children

The fund could help tackle challenges such as school absence, mental health issues, addiction and falling into a life of crime.

Evening Standard

Labour launches £500m plan to fight child poverty

The government claims the Better Futures Fund will be the largest of its kind in the world

The Independent UK

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The Guardian - UK

‘It’s very personal to me’: Darren Jones on his £500m plan to fight child poverty

Treasury chief secretary says he wants to emulate New Labour support for community groups that changed his life

The National (Scotland)

Wealth tax speculation as Labour minister says taxes won't rise for 'modest incomes'

A LABOUR minister refused to rule out tax rises in the Budget and claimed the Government will be guided by “fairness”

The Guardian - UK

Why Labour should target happiness alongside economic growth

With the UK still shaking off the psychological side-effects of Covid, Rachel Reeves might want to broaden her aims

The Independent UK

Labour minister hints at tax hikes for middle class – but rules out rises for people on ‘modest incomes’

Transport secretary says ministers have promised not to raise taxes for ‘people on modest incomes’ but does not rule out wealth tax

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Evening Standard

Chancellor guided by ‘fairness’, senior minister says of calls for wealth tax

Transport Secretary Heidi Alexander would not directly rule out tax rises in the next budget as she toured the broadcast studios on Sunday morning.

The Independent UK

How Angela Rayner has become the most influential figure in Starmer’s government – for now

NEWS ANALYSIS: The Independent's Political Editor David Maddox says that despite the clash with Unite, the deputy prime minister’s influence is unmatched since the welfare rebellion

The Guardian - UK

Starmer and Reeves promised honesty about public finances. Can they stay the course?

Labour is being pulled one way by a desire to cut debt and the other by slumping poll ratings. With growth nowhere to be seen, tax rises loom

The Guardian - UK

Rachel Reeves expected to review pensions auto-enrolment

Exclusive: Announcement expected as part of series of changes outlined in chancellor’s Mansion House speech

The Independent UK

Rachel Reeves’s growth mission is struggling to get off the ground

THE INDEPENDENT VIEW: Editorial: The chancellor is said to be ‘disappointed’ after the UK economy unexpectedly shrank for the second month in a row in May, as well she might be

Evening Standard

Scrapping non-dom regime could leave Rachel Reeves with £4 billion black hole, experts warn

The CEBR suggests that if there is an exodus of non-doms, Chancellor Rachel Reeves’ £9.9 billion spending buffer could be cut in half

The Guardian - UK

Cash Isas: Rachel Reeves pauses plans to reduce amount savers can put in

Chancellor, who had been expected to announce changes next week, faced backlash over move

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