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The Latest Breaking News from Rachel Reeves

Labour must be bold enough to back a wealth tax

Letters: Tom Wilson wonders how on earth the shadow chancellor plans to fix broken public services without raising taxes, while Kim Loader says many people want a fairer system. Plus letters from Bernie Evans and Colin Hines

The Guardian - UK

‘Long overdue’ City shakeup to boost growth firms and unleash investment in unicorns of tomorrow

New venue launched by JP Jenkins and Winterfloods for unlisted securities

Evening Standard

In ditching a wealth tax, Labour is rejecting growth and embracing bad economics

Rachel Reeves has tied her party’s hands and placed it on the wrong side of the argument, says Josh Ryan-Collins, an associate professor at UCL

The Guardian - UK

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OPINION - Labour shouldn’t rule out wealth taxes: it could regret it

Don’t ever open your mouth till you know what the shot is”: such is the timeless wisdom of real estate salesman Ricky Roma in David Mamet’s Glengarry Glen Ross, and it is a maxim that politicians always do well to heed. Until now, Rachel Reeves, the shadow chancellor, has observed…

Evening Standard

Abandoning a wealth tax is a ruinous Labour strategy. It’s ‘Blairism without the cash’

The tough choice is not to court big business, but to invest in rebuilding our shattered society, says Guardian columnist Owen Jones

The Guardian - UK

Labour wealth tax U-turn 'disturbing but not surprising', says First Minister

THE First Minister has branded Labour’s wealth tax U-turn as “disturbing but not surprising” after the party’s shadow chancellor insisted…

The National (Scotland)

'Labour abandoning everything they’ve ever stood for under Starmer', ex MP says

AN ex-Labour MP has accused the party of tailoring policy to the English middle class and “abandoning everything they’ve ever stood for” in a…

The National (Scotland)

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Top economists pile pressure on Keir Starmer to reverse Tory cuts

Prominent academics say they are concerned Labour’s programme will not break with Tory economic orthodoxy

The Independent UK

Labour criticised for ‘shameful’ dropping of wealth tax

Rachel Reeves said a Labour government would not introduce higher levies on property, capital gains and top earners.

The Independent UK

Rachel Reeves rules out wealth tax if Labour wins next election

Shadow chancellor also confirms Starmer leadership pledge to increase 45p top rate is off the table

The Guardian - UK

Questions for Scottish Labour after Keir Starmer U-turns on core tax pledge

LABOUR have been slammed on both sides of the political spectrum after they performed yet another U-turn, this time on the very first pledge Keir…

The National (Scotland)

Business interest in Labour conference soars, party says

Labour has reported a significant increase in businesses signing up to the annual event as it continues to perform well in polls.

The Independent UK

Labour’s new deal for workers could be transformative, but unions fear Starmer won’t stick to it

Will the party continue to water down its manifesto under pressure from business? The signs are not promising, says Guardian columnist Owen Jones

The Guardian - UK

Labour opens huge lead over Tories among female voters

Financial insecurity is driving a 28-point gap in the polls, after decades in which the Conservatives were more trusted with the UK economy

The Guardian - UK

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The Guardian - UK

Rishi Sunak is plotting to make this the net zero election. That’s great news for Labour

Australian conservatives’ dismissal of the climate crisis was a huge error. Keir Starmer should make the most of this moment, says political strategist John McTernan

The Guardian - UK

UK facing ‘high’ risk of recession despite inflation dropping to 6.8% – as it happened

UK inflation has dropped to its lowest since February 2022, following cut in energy price cap, but IPPR warns economy could fall into recession

Evening Standard

What does Keir do with Angela as reshuffle pressure grows?

Labour leader faces split over whether to change deputy’s role as reshuffle looms ahead of likely 2024 election

The Guardian - UK

HS2 is the white elephant in the room. If the Tories won’t scrap it, Labour must

The vanity project is scandalously over budget. Finally cancelling it would show the party is serious about public finances, says the Guardian’s economics editor Larry Elliott

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The Guardian - UK

Labour accuses government of losing £250bn from value of UK assets

Rachel Reeves says Tory bond black hole ‘will land working people with another astronomical bill’

The Independent UK

Labour says losses to Treasury bond fund costing £8,900 for every UK household

Figures show the Treasury fund, devised to capitalise on the Bank of England’s quantitative easing programme, has eroded over the past three years.

The Guardian - UK

Bidenomics lessons: Labour looks to Democrats as it prepares for power

Flagship US programme offers blueprint for Rachel Reeves, in echo of policy cooperation in era of Clinton and Blair

The Independent UK

Scrap ‘petty and arbitrary’ fiscal rules and invest, top economist who advised Labour urges

Jim O’Neill says OBR should be given new powers to emphasise economic benefits of public investment

Evening Standard

Suzy Eddie Izzard running to be Labour MP in Brighton

She has previously said she wants to be a Cabinet minister

The Guardian - UK

Hopes of ‘soft landing’ as US jobs growth slows; UK economy caught ‘in low-growth trap’ – as it happened

Fewer jobs created last month than expected, but economists hope the US can avoid recession

The Independent UK

Shadow chancellor Rachel Reeves says interest rates a ‘hammer blow for working people’

Rachel Reeves says rise in base rates did not need to happen as government targets halving inflation

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