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The Latest Breaking News from Rachel Reeves

Government has given up trying to ‘live within its means’, claims Badenoch

The Tory leader accused Labour of being ‘hypocritical’ for asking the public ‘to tighten their belts’.

Evening Standard

Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

The Independent UK

Former minister issues extraordinary apology for trusting Israel over killing of Palestine’s ‘angel of mercy’

Exclusive: Alistair Burt admits he ‘should have been more bold’ in calling out Israel over the death of a 21-year-old paramedic, who was shot dead near the Israel-Gaza border while rushing to treat a wounded man

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Voices: Income tax rises or fairer reforms? Join The Independent Debate on the Budget choices facing Rachel Reeves

THE INDEPENDENT DEBATE: As Rachel Reeves prepares her first Budget and warns of ‘painful decisions’ ahead, debate is growing over whether she should raise taxes to fix the public finances or find fairer, alternative ways to boost revenue. Now it’s time to have your say...

The Independent UK

Budget: Pound plummets after Reeves hints at tax rises – but government bonds rally

The chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation

The Independent UK

UK government bonds rally but pound falls further after Reeves speech

The Chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation.

Evening Standard

Reeves prepares for tax rises in Budget as global and domestic pressures bite

The Chancellor suggested ‘we will all have to contribute’ to building a new future for Britain.

Evening Standard

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Budget 2025: Rachel Reeves signals tax rises and warns ‘each of us must do our bit’

Chancellor warns ‘we will all have to contribute’ to fixing Britain’s public finances

The Independent UK

Watch in full: Rachel Reeves makes major pre-Budget speech

Watch as Rachel Reeves set out her economic priorities in a pre-Budget speech on Tuesday (4 November).

The Independent UK

I hope Rachel Reeves does raise income tax – there’s a way she can do it fairly

The chancellor might need to break manifesto pledges and a 50-year taboo, but she has a chance to steer UK finances back on track, says Ruth Curtice of the Resolution Foundation

The Guardian - UK

Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – as it happened

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax rises

The Guardian - UK

Pound hits lowest since April as investors anticipate budget tax rises; markets hit by AI valuation jitters – as it happened

Sterling drops against dollar as chancellor’s speech is taken as a sign that taxes will rise in the budget, and interest rates may fall faster

The Guardian - UK

Hegseth praises South Korea's plans to raise its military spending and boost defense capabilities

U.S. Defense Secretary Pete Hegseth has praised South Korea’s plans to raise its military spending, saying the Asian ally will take a larger role in defending itself from North Korean threats

The Independent UK

Rachel Reeves speech LIVE: Chancellor accused of 'waffle bomb' as she rolls ground for Budget tax rises

Rachel Reeves has said the Budget will focus on ‘getting inflation falling’ and ‘creating the conditions for interest rate cuts’

Evening Standard

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The Independent UK

Rachel Reeves speech latest: Chancellor has ‘no regrets’ if Labour breaks promise not to raise taxes in Budget

In recent weeks No 10 has repeatedly refused to re-commit to Labour’s manifesto pledges

The Guardian - UK

Tuesday briefing: Why Labour won’t press the ‘big red button’ to lift 450,000 children out of poverty

In today’s newsletter: The Labour Party recently sounded resolute in its intention to cut the two-child benefit cap. But against an ugly fiscal backdrop, the chancellor may be having second thoughts

Evening Standard

Threat of income tax rise grows as Rachel Reeves gives clear sign she will break Labour manifesto pledge

Chancellor rolls ground for tax rises in unusual pre-Budget speech at Downing Street

The Guardian - UK

Reeves to lay groundwork for tax rises in ‘candid’ speech about budget

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breach

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The Independent UK

Rachel Reeves to pave way for tax rises in pre-Budget speech

Chancellor’s address to come after weeks of expectation management as she scrambles to fill £50bn black hole

The Independent UK

Reeves to promise ‘fairness’ in Budget as income tax hike speculation mounts

No 10 repeatedly refused to say whether Labour’s manifesto pledge not to raise income tax still stands.

Evening Standard

Sir Keir Starmer warns of ‘tough but fair’ decisions in Budget

The Prime Minister said ‘hard and serious’ choices were needed to fix Britain’s financial woes.

The Guardian - UK

Time for Reeves to recognise reality: AstraZeneca has killed stamp duty on shares

Shareholder-backed plans to upgrade US listing have exposed multiple flaws in tax that should be abolished or at least cut

Evening Standard

Estate agent who failed to apply for licence so Rachel Reeves could rent Dulwich family home was not to blame for fiasco, says former boss

The error might mean that the Chancellor is forced to pay back £38,000 in rent to her tenants

Evening Standard

Minister indicates support for ending ‘luxury car’ leases by benefits claimants

Transport Secretary Heidi Alexander suggested she would be ‘comfortable’ with ‘high-end’ vehicles not being available through the Motability scheme.

The Independent UK

Minister supports banning luxury cars for benefits claimants

Chancellor Rachel Reeves is reportedly considering alterations to the Motability scheme

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