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The Latest Breaking News from Rachel Reeves

Rachel Reeves faces grilling by MPs over tax hikes and increased spending in Budget

Measures announced in Budget will come under scrutiny from the Treasury Select Committee on Wednesday

Evening Standard

Reeves faces grilling by MPs over Budget measures

Changes announced in the Budget will come under scrutiny from the Treasury Select Committee on Wednesday.

The Independent UK

Trump tariffs would halve UK growth and push up prices, says thinktank

NIESR warns British economy would be one of the worst affected by protectionist policies

The Guardian - UK

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Atkins: ‘Crass’ move on farm inheritance tax makes UK more reliant on imports

Victoria Atkins said the move had ‘consigned family farms and businesses to being sold off and split up as families cannot afford massive tax bills’.

Evening Standard

Jeremy Hunt’s Treasury may have broken the law by hiding Budget black hole, says OBR

£9.5bn spending gap wasn’t disclosed, ‘which under the law ... they should have done’, says fiscal watchdog

The Independent UK

Forty thousand more appointments per week and ‘surgical hubs’, but will this fix the NHS?

Chancellor Rachel Reeves’ debut budget pledged increases of £22.6 billion in day-to-day spending for the NHS and £3.1 billion in capital spending over the next two years. The increase in day-to-day spending is intended to fulfil Labour’s campaign promise of “40,000 more appointments per week” from their election manifesto.

The Conversation

Streeting vows Budget will put NHS staff ‘on front line, not the picket line’

The Health Secretary also vowed Labour would rebuild hospitals.

The Independent UK

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Spending on projects early could lead to higher costs in the end – OBR chief

Richard Hughes was speaking to a cross-party committee of MPs on Tuesday.

Evening Standard

Hard-pressed shoppers will benefit as retailers carry ‘weight’ of UK tax rises, says Primark owner

ABF boss George Weston says budget is positive for ‘the least affluent’ but will cost firm ‘tens of millions’ of pounds

The Guardian - UK

What the budget got wrong about the NHS and prevention

A healthy NHS and strong economy depend on healthy people, not just strong public finances. Chancellor Rachel Reeves’ budget was a missed opportunity for the government to get serious about public health by protecting citizens from the leading risk factor for death in the UK: unhealthy food.

The Conversation

All these sad stories of the stricken rich prove one thing: Labour’s budget is on the money

Rachel Reeves’s first budget has triggered a backlash – but only the wealthiest are being asked to pay their fair share, says Guardian columnist Polly Toynbee

The Guardian - UK

Hidden behind this budget is a terrible bombshell: billions in cuts for disabled people

The DWP confirms that draconian ‘savings’ are coming down the track. Are we a nation that will repair hospitals, but not help a nurse with long Covid, asks Guardian columnist Frances Ryan

The Guardian - UK

The Who’s Roger Daltrey warns Rachel Reeves’ Budget poses ‘catastrophic’ threat to charities

Rachel Reeves unveiled tax hike for employers in Autumn budget

The Independent UK

Media Watch: GB News' £100k fine and Isabel Oakeshott's 'disgraceful' rant

Good evening and welcome to this week's Media Watch where a months-long drama involving GB News has finally come to a conclusion ... for now anyway.

The National (Scotland)

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The Guardian - UK

Investors brace for volatile trading week as US election draws near

Donald Trump has been ahead in betting markets, despite trailing in opinion polls

The Guardian - UK

NFU rejects Treasury claim that 72% of farms won’t pay inheritance tax

Union says Defra figures show far more farmers will be hit by budget proposal and warns of ‘militant protest’ to come

Evening Standard

MPs urge Government to reverse ‘devastating’ inheritance tax on farmers

Rachel Reeves’ move to place inheritance tax on farms has caused a backlash from rural communities.

The Conversation

The budget is good news overall for young professionals – here’s how the changes will affect you

Chancellor Rachel Reeves’s first budget was full of a dizzying array of measures to raise over £40 billion to fund public services and boost investment.

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Evening Standard

Farmers 'militant' action threat after Rachel Reeves rejects plea for U-turn on Budget inheritance tax hike

Ministers met the head of the National Farmers’ Union but the stand-off over inheritance tax was not resolved

The Independent UK

Starmer warned over ‘militant’ backlash by farmers over inheritance ‘tractor tax’

Farmers are getting increasingly angry about the controversial plan to impose inheritance tax on many family farms as an MP warns that it will add to a severe mental health crisis in the sector

The Independent UK

Sir James Dyson says Labour ‘killing off family businesses’ with inheritance tax

The businessman warned that small firms and start-ups will ‘suffer’, while private equity and public companies escape the taxation.

Fortune

James Dyson, Elon Musk, and Jeremy Clarkson among the chorus of rich and famous criticizing new U.K. budget as the ‘death of entrepreneurship’

The British magnate behind electronics company Dyson called the budget "spiteful” and one that'll change the face of entrepreneurship.

Evening Standard

Keir Starmer hits back at business tycoon Sir James Dyson attack on Budget as 'spiteful'

The Government insists its fiscal plans will boost economic growth

The Independent UK

James Dyson condemns Rachel Reeves’s Budget ‘tractor tax’ as ‘spiteful’

The businessman said the decision to tighten inheritance tax relief on business property is an ‘ignorant swipe at aspiration’

The Guardian - UK

‘Nail in the coffin’: family farmers respond to inheritance tax changes

Rachel Reeves announced in her budget that after April 2026 heirs will pay tax when farms are passed on

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