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The Latest Breaking News from Rachel Reeves

Exclusive: Tube drivers set for £80,000 salary as TfL offers enhanced three-year pay deal to avert strikes

Revised pay offer ensures London Underground staff wages will rise faster than cost of living

Evening Standard

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Reeves eyes tax hikes as economy suffers ‘severe and long-lasting’ Brexit impact

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

Evening Standard

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

A quiet bite in: Charlie Bigham launches £29.95 ready meals for home diners

Supermarket supplier says new pricier range is still cheaper than bill for a night out at a restaurant

The Guardian - UK

'We Need Support, Not Pressure': Inside Rachel Reeves' Youth Jobs Guarantee Plan

Labour's new jobs guarantee promises paid placements for young people out of work for 18 months. But experts warn it could repeat past mistakes if it relies on sanctions rather than support. And, policy must focus on skills, confidence and real opportunity to work.

International Business Times UK

Reeves takes aim at ‘blockers’ using judicial review to halt major projects

The Government will cut the amount of time it takes for judicial reviews to move through the system, Rachel Reeves announced.

Evening Standard

Reeves to touch down in Washington after IMF warns of rising UK inflation

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

Evening Standard

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The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

The Guardian - UK

The government cannot afford to limp on without an economic strategy

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

The Independent UK

UK faces highest inflation in G7 this year and next, IMF warns

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

The Guardian - UK

Reeves urged to overhaul tax system and hike levies in breach of manifesto

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

Evening Standard

UK inflation to rise to highest in G7, warns IMF as food costs surge

It came as the IMF increased its UK growth forecast for this year but reduced its prediction for 2026 amid concerns over the labour market.

Evening Standard

UK facing highest inflation in G7 in yet another pre-Budget blow for Reeves

IMF also trims growth forecast for 2026 in ‘grim’ news for chancellor weeks before Commons statement

The Independent UK

Budget situation is ‘desperate’, Reeves warned as experts say she has no choice but to raise big taxes

Labour chancellor told a ‘Scrabble bag’ of smaller increases will not rejuvenate UK’s faltering economy

The Independent UK

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Evening Standard

Bellway calls for Government to ‘commit’ to addressing home affordability issues

The housebuilder nonetheless said it sold more homes over the past year.

The Guardian - UK

Young people are biggest victims of UK’s fragile jobs market

Firms too scared to take a chance on youngsters when taxes and minimum wages are higher, expert says

The Guardian - UK

Rachel Reeves, just tell voters why taxes must go up – and then do it

The Thatcherite notion of tax as wicked must be challenged in the upcoming budget. Target unearned wealth; explain that tax creates a decent society, says Guardian columnist Polly Toynbee

The Guardian - UK

Rachel Reeves to confirm changes to ‘outdated’ planning system

Changes intended to reduce ‘burdensome bureaucracy’ and make it easier to build windfarms, reservoirs and housing

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The Guardian - UK

UK labour market shows signs of stabilising after job losses

Unemployment rate rises slightly to 4.8% but ONS says falls in payroll numbers and vacancies are levelling off

The Guardian - UK

Labour MPs call on Rachel Reeves to scrap council tax

Exclusive: 13 mainly northern MPs say a new system should better account for higher house prices in south-east

The Guardian - UK

UK retail sales growth cools amid fears over budget tax rises

Inflation also hitting sales, says industry body, as Barclays says credit card spending fell in September

Evening Standard

UK’s leading bosses urged to act on protecting against cyber attacks

Technology Secretary Liz Kendall and Chancellor Rachel Reeves are among ministers putting pressure on firms to act.

Evening Standard

Chancellor urged not to raise taxes on ‘drained’ businesses in Budget

The British Chambers of Commerce urged a reform of business rates.

Evening Standard

Farage denounces ‘cretins’ in charge of the economy as he pledges ‘big bang two’

The Reform UK leader has pledged to boost trade in digital assets if his party forms a government.

Evening Standard

Lloyds challenges car loan compensation bill as it warns of £2bn hit

The high street banking giant raised concerns about the Financial Conduct Authority’s calculations for how much consumers lost out.

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PierreOlivier Gourinchas

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TfL

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International Monetary Fund

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