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The Latest Breaking News from Rachel Reeves

Pound tumbles as markets take fright over Rachel Reeves' Budget woes with UK productivity downgrade

Sterling dropped to a two-and-a-half-year low against the euro before regaining some ground

Evening Standard

Pound suffers further falls as UK’s fiscal troubles set to deepen

The UK’s independent fiscal watchdog has reportedly cut its productivity forecast, deepening the challenging facing the Chancellor.

Evening Standard

Mortgage approvals hit nine-month high as borrowing costs ease further

Some 65,940 mortgages for house purchases were approved in September, about 1,000 more than in August.

Evening Standard

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Santander urges ministers to intervene in UK car finance compensation scheme

Lender’s chief executive says redress proposals could affect jobs, supply chains and broader UK economy

The Guardian - UK

Fresh tax hikes top Budget fears among London small businesses

The percentage of owners predicting growth falls to 36%, lowest level since first quarter of 2021.

Evening Standard

Fresh blow for Reeves as house builders warn Labour will struggle to hit 1.5m homes target

The warning is likely to harm prospects for the OBR upgrading its forecast for economic growth from construction

The Independent UK

UK can ‘defy’ gloomy forecasts despite productivity problems, says Chancellor

Rachel Reeves argued that austerity, Brexit and the pandemic had left ‘deep scars’ on the UK’s economy.

Evening Standard

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Britain can ‘defy’ poor economic forecasts, says Chancellor

The OBR is expected to deal the Chancellor a further blow in November by downgrading its productivity forecasts for the economy.

Evening Standard

Reeves insists Britain can ‘defy’ poor economic forecasts

The OBR is expected to deal the chancellor a further blow in November by downgrading its productivity forecasts for the economy

The Independent UK

Too many want to do Britain down – Labour will defy the doomsayers and beat the forecasts

I don’t pretend the choices will be easy, but my budget has one focus: to invest in building a better future for everyone, says UK chancellor Rachel Reeves

The Guardian - UK

Britain can defy gloomy economic forecasts, says Rachel Reeves

Exclusive: Fiscal watchdog predicts productivity downgrade will leave chancellor with £20bn gap to fill in budget

The Guardian - UK

Rachel Reeves has only one option to grow the economy

THE INDEPENDENT VIEW: Editorial: With a £20bn Budget black hole to plug, the chancellor has no option but to break Labour’s manifesto pledge – tinkering in the margins will hurt growth, while slashing public spending will lead to electoral ruin

The Independent UK

Giant boring machines to start HS2 tunnels from west London to Euston 'fairly soon,' says rail minister

The underground work is set to begin in the coming months

Evening Standard

Government refuses to rule out pension changes at Budget

Nearly 20,000 pension savers have urged the government to rule out two key changes

The Independent UK

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The Independent UK

Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

Evening Standard

Man who bombarded Labour MP Rosena Allin-Khan with racist emails including threat to kill Keir Starmer jailed

Exclusive: Lee White, 52, sent Tooting MP Rosena Allin-Khan over 100 abusive and racist emails

Evening Standard

Brexit partly to blame for high inflation, says Rachel Reeves

The Chancellor was speaking at Riyadh’s Future Investment Initiative summit on her visit to Saudi Arabia.

Evening Standard

Treasury urged to set out plan to ‘un-gum’ housing amid call to axe stamp duty

Sir Mel Stride likened Chancellor Rachel Reeves to Captain Mainwaring from Dad’s Army.

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The Guardian - UK

Gambling does not cause any ‘social ills’, lobbyist tells incredulous MPs

Head of UK’s Betting and Gaming Council was asked to repeat claim as she spoke against increasing taxes on sector in November budget

Evening Standard

'It's not dangerous' to talk about Brexit and undoing economic harm of quitting EU, says Rachel Reeves

Labour had shied away from mentioning the B-word before the 2024 general election for fear of alienating voters in the so-called ‘Red Wall’

The Independent UK

Theresa May slaps down Robert Jenrick for turning judges into ‘villains’

The former prime minister also warned the Tories must stop chasing the Reform party

The Independent UK

Rachel Reeves sent major cash ISA cut warning over £2.5bn Treasury losses

The chancellor may still be considering a cut to cash ISA savings limits, but there are fears it would not encourage people to start investing

The Guardian - UK

Steeper UK productivity cut of more than £20bn makes tax rises more likely

Rachel Reeves faces bigger-than-expected hit in 26 November budget from revised OBR forecast

The Independent UK

William Hill owner cheers ‘good progress’ as sports betting boosts revenues

The figures come around two weeks after the company said it was considering store closures if it is hit by higher taxes at next month’s Budget.

Evening Standard

Fears grow over big tax rises in Budget as Rachel Reeves hit with £20 billion productivity blow

The Office for Budget Responsibility is set to downgrade its productivity forecasts by more than expected

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