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The Latest Breaking News from Rachel Reeves

Rachel Reeves faces new £20bn Budget blackhole

A downgrade in the productivity figures could leave Reeves with a bigger fiscal gap

The Independent UK

Stock markets rise to record highs and Apple touches $4tn market value for first time – as it happened

UK chancellor confident of Gulf trade deal, as she faces £20bn-plus hit to public finances from UK productivity downgrade

The Guardian - UK

Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

The Independent UK

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Reeves says tax rises are on the table for upcoming Budget

IN FULL

The Independent UK

How can Rachel Reeves reduce inflation?

Five ways the chancellor could mitigate a UK inflation rate that is harming households – and Labour’s vote share

The Guardian - UK

MPs repeat plea for Government to lift two-child benefit cap ahead of budget

Work and pensions minister Andrew Western says Government are considering a number of ‘levers’ to bring child poverty down.

Evening Standard

Woman who tried to summon her MP to court guilty of harassment

Smith will be sentenced in November.

Evening Standard

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No Pip eligibility changes at next month’s Budget, says minister

Sir Stephen Timms took a question about the Motability scheme, which personal independence payment claimants can use to lease a new vehicle.

The Independent UK

Trans woman guilty of harassing government minister Ellie Reeves with threats and bid to summons her to court

Ellie Reeves gave evidence from behind a screen at Westminster Magistrates’ Court

Evening Standard

Barclays to restart investment banking in Saudi Arabia 11 years after exit

The bank said the expansion was ‘central to our Middle East growth strategy’, as it follows in the footsteps of rival lenders re-entering the market.

The Independent UK

Job vacancies fall to lowest level in 2025 as Reeves urged to deliver a ‘pro-jobs Budget’

Consultancy, press relations and marketing are among the sectors showing a sharp drop in roles

The Independent UK

Rachel Reeves says the U.K. has been successful with Trump 2.0 because it shares the same concerns about global imbalances

The chancellor of the Exchequer said: “I think relationships are important—whatever business you’re in, whether it’s business or politics—and it’s really important on the international stage.”

Fortune

Four out of five homes hit by a Labour mansion tax 'would be in London and SE'

Latest Budget rumours suggest homeowners could face 1% annual bill on properties worth more than £2 million

Evening Standard

Millions of households to be hit with tax rises in the Budget, Chancellor Rachel Reeves signals

The Chancellor told an economic forum in Saudi Arabia that she would avoid growth-busting new levies on businesses

Evening Standard

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The Independent UK

Mansion tax idea is incoherent, former Bank of England boss warns Reeves

Ex Bank governor Mervyn King says problems will not be resolved by ‘just adding another wealth tax’

Evening Standard

Reeves signals tax rises being considered at Budget during Saudi Arabia visit

In an indication some form of tax rises could be on the table, the Chancellor suggested the Government needed to ensure its fiscal rules are met.

The Independent UK

Rachel Reeves hints at tax rises in Budget as she heads to Riyadh in search of trade deal

The chancellor is widely expected to use the Budget to increase taxes once again, with the Institute for Fiscal Studies estimating she needs to find £22bn via tax rises or spending cuts to meet her self-imposed fiscal rule

International Business Times UK

UK Supermarkets Warn Rachel Reeves: Tax Hike Would Bring 'Inevitable' Blow to Food Prices

UK leading supermarket chains have urged Chancellor Rachel Reeves to scrap a planned business rates surtax, warning it would drive up food prices and hit household budgets.

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The Independent UK

NHS needs extra £3bn, health bosses warn ahead of Rachel Reeves’ Budget

Warning comes as resident doctors are due to strike for five days in November

The Independent UK

Sermons urge youth to take part in public affairs in Morocco after wave of protests

Imams around Morocco have read government-written sermons urging parents to involve their children in public affairs

The Guardian - UK

NHS leaders warn of longer waiting times if demand for extra £3bn not met

Key Labour pledge under threat as health service faces costs from redundancies, strikes and rising drug prices

Evening Standard

Almost two thirds of charities axe jobs and services over financial strain

Research by Rathbones found that 95% of charity executives in the sector are thinking about leaving.

The Independent UK

Publishing boss claims AI can help authors beat writer’s block

Nigel Newton noted that readers want to read books penned by well-known writers

The Independent UK

Rachel Reeves heads to Saudi Arabia on trade deal mission as Autumn Budget looms

Trip comes amid speculation Ms Reeves could impose tax hikes in upcoming Budget

The Guardian - UK

Reeves to lead trade mission to Saudi Arabia amid human rights concerns

Ministers hope to secure a deal with the Gulf Cooperation Council that could add £1.6bn to the UK economy

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