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The Latest Breaking News from Rachel Reeves

Scrap windfall tax and lift ban on new oil, leading business figures urge Reeves

Martin Gilbert and Sir Ian Wood led two of the biggest firms in Aberdeen.

Evening Standard

Rachel Reeves sick of people ‘mansplaining’ how to be chancellor

As she prepares to deliver her budget next week, Reeves speaks of pressure of being UK’s first female chancellor

The Guardian - UK

Keir Starmer opens up about brother’s death: ‘It hit me like a bus’

The PM revealed he visited his brother in secret in the months before he died

The Independent UK

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London travellers could face Eurostar price hikes after government hits Channel Tunnel with major tax increase

A three-fold jump in Channel Tunnel business rates threatens higher Eurostar fares for London travellers

Evening Standard

Two-thirds of Britons worried about affording the essentials this Christmas, poll reveals

Exclusive: Three-in-four Brits believe poverty in the UK is getting worse as Reeves prepares for crunch Budget

The Independent UK

Budget cannot see UK ‘muddle through’, says Reeves

The Chancellor stressed that the UK must take a ‘different path’ on the economy.

Evening Standard

How could Reeves hit gambling firms – and are they fearmongering over impact?

Chancellor is expected to increase duties bookies and casinos pay, ending months of speculation and lobbying

The Guardian - UK

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The Standard podcast: Green light go-ahead for London transport upgrade

Listen here on your chosen podcast platform.

Evening Standard

UK politics: Reeves ‘not even sure what the popular path is’ on the budget – as it happened

Chancellor says ‘We can’t just carry on like this and muddle through. We have to make some decisions to get on a different path’

The Guardian - UK

I’m sick of people mansplaining how to be chancellor, says Rachel Reeves

The chancellor also admitted the government has ‘made a couple of unforced errors’ but insisted it is ‘fighting to win’

The Independent UK

Government borrowing higher-than-forecast in pre-Budget blow to Chancellor

The Office for National Statistics said public sector borrowing stood at £17.4 billion last month, above the £14.4 billion official forecast.

The Independent UK

Government borrowing figures exceed forecasts in pre-Budget blow to Rachel Reeves

With public sector borrowing surpassing predictions, the government faces further challenges just days before the Budget

Evening Standard

UK government borrows more than expected in setback before budget

October figures represent final snapshot of public finances before Rachel Reeves’s tax and spending statement

The Guardian - UK

Friday briefing: The end of the affair – why we’ve fallen out of love with the cinema

In today’s newsletter: Box office takings are tanking. Amid indulgent vanity products, endless sequels and the rise of streaming, how can Hollywood revive the magic?

The Guardian - UK

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The Guardian - UK

Labour MPs urge Reeves to drop private finance plans for NHS buildings

Chancellor told PFI-style schemes familiar from New Labour era are ‘fiscal illusion’ offering no value for money

The Independent UK

Tax the banks to offer £300 energy bill cuts, Reeves urged

The SNP said a windfall tax on commercial banks would raise £8 billion a year.

The Guardian - UK

Keir Starmer defends trip to South Africa for G20 summit as budget looms

PM says he aims to secure investment to help deal with cost of living and shore up support for Ukraine

The Independent UK

Starmer says Budget ‘based on fairness’ with crackdown on illegal working

Chancellor Rachel Reeves is widely expected to raise taxes on November 26 in order to fill a multi-billion pound gap in her spending plans.

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The Guardian - UK

Reeves urged to ‘grasp the nettle’ with wholesale reset of council tax

Experts say chancellor should go further than rumoured plan to update value of homes in top three bands

The Conversation

One small change Rachel Reeves could make to close tax loopholes and raise revenue

Whatever decisions Rachel Reeves makes in her second budget as UK chancellor, it is clear that she needs to find lots of money. Some argue that the best and fairest way of doing this is to raise the taxes of the country’s wealthiest people.

Evening Standard

'As bad as Kwasi Kwarteng': Rachel Reeves' popularity hits record low in new poll days before Budget

The grim finding for the Chancellor comes despite the UK economy outpacing France, Germany and Italy

Evening Standard

Double blow for Starmer as Burnham refuses to rule out leadership challenge and PM popularity hits record low

Most Labour voters see the PM and Chancellor Rachel Reeves negatively (52% and 57% respectively), according to a new YouGov poll

The Guardian - UK

Reeves to back DLR extension in major boost for deprived London district

Treasury source says chancellor will announce £1.7bn plan for rail link to Thamesmead in south-east of capital

The Guardian - UK

Could you do better than Reeves as chancellor? Play our interactive budget game

Can you pull the levers of power to deliver a successful budget? Can you keep backbenchers happy without upsetting the bond markets? And can you do it all while keeping the books balanced? Try our budget 2025 game, and maybe develop a bit of sympathy for Rachel Reeves

The Guardian - UK

How could council tax change in budget – and who would be hardest hit?

Critics say current system is a ‘dog’s dinner’ – with homes in Blackpool paying more than in one of London’s wealthiest boroughs

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