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The Latest Breaking News from Rachel Reeves

Chancellor Rachel Reeves Signals Tax Rise on the Rich as She Eyes Mansion Tax to Bridge Deficit

Rachel Reeves plans a mansion tax on £2m-plus homes to raise revenue and close the fiscal gap while keeping Labour's pledges on income tax and VAT across UK law.

International Business Times UK

‘Madness’ to increase welfare spending in Budget, says AO World boss

Chief executive John Roberts urged the Chancellor to cut spending and ‘make some difficult decisions’.

The Independent UK

What’s at stake in the UK Autumn Budget? Here are the points to watch

UK Chancellor Rachel Reeves faces the challenge of raising an estimated £20-30bn, with both her and the government’s credibility on the line.

Euronews

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Milkshakes and lattes to be included in UK sugar tax in bid to tackle obesity

The government will remove the current exemption for milk-based beverages from the levy on sugary drinks

The Independent UK

Limits to Motability Cars Imposed After Shocking Rise In PIP Recipients Without Visible Disabilities Applying For Luxury Vehicles

UK Motability reforms remove luxury cars, prioritise British-built models, and ignite debate over disability rights and welfare cuts.

International Business Times UK

Reeves calls for Labour unity ahead of tax-raising Budget

The Chancellor is due to deliver her second budget in the Commons on Wednesday, in which she is widely expected to pull the lever on tax hikes.

Evening Standard

UK sugar tax to be extended to more soft drinks and milkshakes; markets rally ahead of the budget – as it happened

Government sets out plans to lower the threshold within the Soft Drinks Industry Levy to 4.5g per 100ml, down from 5g

The Guardian - UK

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Rachel Reeves urges Labour MPs to back her Budget as she vows not to let critics ‘beat me’

The chancellor looked to rally the Labour troops, vowing she’ll still be chancellor in two years’ time if they back her plans for the economy

The Independent UK

Tuesday briefing: Inside the latest Lords scandal – and the future of the peers

In today’s newsletter: What the suspension of Richard Dannatt and David Evans tell us about standards and accountability in the Lords, and the prospect of reform

The Guardian - UK

Labour support in London at record low, new poll finds as Reeves Budget tax raid to hammer capital

Exclusive: Nigel Farage’s Reform UK surges to 23% in the capital, ahead of the Tories on 20%, with Labour on 32%

Evening Standard

Labour’s ‘blinkered’ drive to build risks pushing wildlife to point of no return, nature experts warn

Planning and Infrastructure Bill and weakening biodiversity gain rules will be disastrous, say RSPB and Wildlife Trusts

The Independent UK

Rachel Reeves set to cut annual cash ISA limit to £12,000 in Budget

The chancellor is set to lay out her highly-anticipated Budget on Wednesday

The Independent UK

Motability scheme to drop BMW and Mercedes as it aims to buy UK-made cars

Rachel Reeves says changes to subsidised scheme for disabled drivers will help support thousands of jobs

The Guardian - UK

Rachel Reeves urges Labour MPs to back her make-or-break budget

Chancellor tells parliamentary party they might not like every measure but promises budget will be ‘fair’

The Guardian - UK

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Evening Standard

Revealed: The 600,000 London homes that could be revalued under Budget 'mansion tax'

Homes in Westminster, Kensington and Chelsea, Camden, Barnet, Richmond, Wandsworth and Hammersmith and Fulham are in the Chancellor’s firing line

The Independent UK

Brexit costing UK up to £90bn in lost tax revenue a year, new analysis shows

Exclusive: Britons also up to £3,700 worse off, leading to calls for the Labour government to improve relations with the EU

Evening Standard

Rachel Reeves vows to be Chancellor in two years time as she pleads for Labour unity head of Budget

Chancellor calls for unity as she speaks in front of restive backbenchers ahead of the Budget

The Independent UK

Reeves must prove she has a rock-solid plan to free us from this ‘growth crisis’

THE INDEPENDENT VIEW: Editorial: The chancellor’s second Budget has been overshadowed by bleak forecasts, but while the OBR’s downgrade exposes the fragility of Labour’s economic promises and the limits of government spin, she must still deliver

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The Independent UK

FTSE 100 eases as EU leaders weigh Ukraine deal

The FTSE 100 index closed down 4.80 points, 0.1%, at 9,534.91.

The Independent UK

Two thirds of voters want Reeves to cut spending rather than hike taxes in Budget

Sir Keir and his chancellor Rachel Reeves are facing a make-or-break Budget this week, with the chancellor expected to increase taxes to plug the gaps in the public finances

The Conversation

The three spectres hanging over Rachel Reeves’ make-or-break budget

As the UK prepares for the budget announcement, familiar debates are taking shape. Should Chancellor Rachel Reeves cut welfare spending? Or reform the “triple lock” on state pensions?

The Independent UK

Reeves must use Budget to restore public trust in party, Scottish Labour leader warns

Anas Sarwar issued a warning days before the chancellor delivers her make-or-break Budget - with crucial elections in Scotland in May threatening to decide Keir Starmer’s future as PM

The Guardian - UK

Reeves expected to reveal cut in growth forecasts for next five years in budget

OBR has reportedly downgraded predictions after review that blames lack of investment under Tories

The Guardian - UK

Bond market power: why Rachel Reeves is keen to keep the £2.7tn ‘beast’ onside

Hugely influential traders will be hanging on the chancellor’s every word when she announces her budget

The Independent UK

Tory row erupts over jibe comparing Reform logo to Nazi badge

Conservative leader intervenes after party chair’s controversial tweet about Nigel Farage’s party

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