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The Latest Breaking News from Rachel Reeves

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.

The Conversation

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

Evening Standard

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

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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.

The Independent UK

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.

Fortune

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

Evening Standard

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 Independent UK

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‘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

The Guardian - UK

Monday briefing: Can Kemi Badenoch face the past and plot a path for the future?

In today’s newsletter: The new Conservative party leader was announced on Saturday – and must build a credible opposition from a small pool of colleagues in the House of Commons

The Guardian - UK

What the papers say – November 4

The fallout from the Budget continues to feature heavily on the front pages of Monday’s newspapers.

Evening Standard

Backlash as NFU chief says Rachel Reeves’ ‘tractor tax’ will hit seven in 10 farms

Rachel Reeves claimed that ‘only a very small number of agricultural properties’ will be affected by the changes to inheritance tax, but ex-NFU boss Minette Batters said farmers are furious

The Independent UK

Rachel Reeves ‘missed opportunity’ to raise £900m from online casinos

Labour’s links to gambling industry questioned again after decision not to raise tax rate for online gaming

The Guardian - UK

With Kemi Badenoch as leader, the Tories and Labour are on different political planets

This zealous culture warrior may be more of a threat to Labour’s meat-and-potatoes politics than Keir Starmer’s team imagines, says Guardian columnist John Harris

The Guardian - UK

Support for Scottish Labour plunges as voters fear Budget will leave them worse off

LABOUR’S support in Scotland has plunged after the Budget, with voters worried that Rachel Reeves’s tax hikes will make them worse off,…

The National (Scotland)

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Evening Standard

Chancellor defends proposed changes to inheritance tax on farms

Rachel Reeves has been urged by the NFU to reconsider the reforms announced in the Budget.

The Independent UK

Video: Rachel Reeves admits she was wrong about taxes during election campaigning

Rachel Reeves has admitted she was “wrong” to say during the election campaign that she would not need to raise taxes but insisted further increases will not be needed.

The Independent UK

Kemi Badenoch dismisses Rachel Reeves’ historic position as first female chancellor as ‘low glass ceiling’

Kemi Badenoch dismissed Rachel Reeves' historic position as the first female Chancellor, describing her milestone as smashing through "a very, very low glass ceiling" and "nowhere near as significant as what other women in this country have achieved."

The Independent UK

Labour facing legal challenge over winter fuel payments cut

Unite has accused the government of acting unlawfully over its move to means test the payment, which is expected to affect around 10 million pensioners

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The Guardian - UK

Rachel Reeves: I was wrong on no big tax rises being needed

UK chancellor says she had not known true picture of public finances but no need to increase taxes further after budget

Evening Standard

Chancellor: I was ‘wrong’ on taxes during election

Rachel Reeves said she had been ‘wrong’ because she did not ‘know everything’ about the state of the public finances.

The National (Scotland)

Who is on this week's Sunday With Laura Kuenssberg show?

LAURA Kuenssberg will be joined by a variety of guests on her BBC show this Sunday ...

The Guardian - UK

Budget and Badenoch: how two historic moments will redraw battle lines in British politics

Rachel Reeves’s high-spending budget and the new ‘culture warrior’ Tory leader mark sharp divide between government and opposition

The Guardian - UK

Investment drives growth. That’s why gloomy forecasters are so wrong about the budget

The Office for Budget Responsibility’s extreme conservatism means it has woefully underestimated the impact of Labour’s public spending plans

Evening Standard

Reeves insists Labour will secure growth as she defends Budget choices

The Chancellor is expected to set out a number of economic reforms in the coming weeks aimed at boosting growth.

Evening Standard

Firm’s £500m investment in UK is show of confidence in Government – Chancellor

The investment by San Francisco-based developer Prologis was announced days after Labour’s Budget.

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