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The Latest Breaking News from Rachel Reeves

Reeves considering tax on high-value homes to help plug hole in finances

Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insurance

The Guardian - UK

UK inflation rises to 3.8% in July as rail passengers face crippling 5.8% fares rise next year

Retail Prices Index - normally used as a baseline for annual regulated train fire hikes - is revealed to have shot up from 4.4% in June to 4.8% in July

Evening Standard

Wednesday briefing: Is Rachel Reeves about to overhaul the dreaded council tax?

In today’s newsletter: The local tax remains based on property values from 1991. Now, with services stretched, ministers face the near-impossible task of rewriting the rules

The Guardian - UK

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Britain's Businesses On The Brink: More Than 2,000 Firms Collapse In A Month After Reeves' Tax Raid

Over 2,000 firms collapsed in England and Wales in July as Rachel Reeves' tax hikes, rising wages, and high interest rates push Britain's businesses into crisis.

International Business Times UK

How Rachel Reeves can raise money and also make the tax system fairer

Letters: Most people support a wealth tax on £10m fortunes and want to equalise capital gains and income tax, writes Caitlin Boswell. Plus, letters by Christopher Bowser and Alan Fairs

The Guardian - UK

UK at ‘tipping point’ as millionaires consider moving abroad over wealth tax fears

More than half of the 1,000 wealthy respondents also said they are more likely to consider leaving the UK if Rachel Reeves introduces a wealth tax

The Independent UK

Voices: Calm down, homeowners – Rachel Reeves’ property tax might be an improvement

COMMENT: The chancellor’s idea to replace stamp duty and council tax with a single charge on homes worth upwards of £500,000 could be more appealing – and more progressive – than the current mess, says Chris Blackhurst

The Independent UK

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Voices: ‘Owning a £500k home does not make you rich’: Readers challenge Reeves’ property tax plan

YOUR VIEWS: Our community has hit out at plans for a £500k property tax, saying it unfairly hits ordinary homeowners and needs higher thresholds or regional tweaks

The Independent UK

How could Labour shake up the property tax system in the Budget?

Chancellor Rachel Reeves is looking at reforms designed to target wealthier individuals

The Independent UK

Reeves’s new homes levy slammed as a ‘tax on ordinary Londoners’ that will hit families hardest

A property expert who has campaigned against stamp duty says the new tax will make it harder for Londoners to start families

The Independent UK

Reeves considering new property tax on houses worth more than £500,000

The levy could be rolled out in this parliament for owner-occupied homes

The Independent UK

Treasury ‘looking at’ new property taxes to replace stamp duty

Chancellor Rachel Reeves will unveil any changes to the Government’s tax policy at a fiscal event.

The Independent UK

Kirstie Allsopp accuses Rachel Reeves of 'punishing' homebuyers as Chancellor 'mulls new property tax'

The Treasury is reportedly mulling plans to raise money from a tax on the sale of homes worth more than £500,000

Evening Standard

Larger families could gain more than £20,000 if Labour scraps two-child benefit cap

Conservative critics say the two-child cap is essential to preventing families on benefits from receiving packages worth more than the minimum wage

The Independent UK

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The Independent UK

Voices: Will a ‘war on newts’ get Britain building again?

COMMENT: The chancellor hopes that by bulldozing specious environmental protections with a new test based on the benefits of building, the construction industry can power the economic recovery – or is that just batty beyond belief, asks Chris Blackhurst

The Guardian - UK

Reeves considers replacing stamp duty with new property tax

Exclusive: Treasury examines options including tax on homes sold for more than £500,000 as well as overhaul of council tax

The Independent UK

Reeves eyes environmental protection cuts to boost construction

IN FULL

The Independent UK

Reeves launches fresh war on bats and newts to speed up development

The Treasury is reportedly looking at major reforms, making it more difficult for wildlife concerns to hold up developments

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The National (Scotland)

Rachel Reeves failed to raise Grangemouth with refinery owner days before closure

RACHEL Reeves failed to raise Grangemouth oil refinery days before it was set to close in a meeting with owner Sir Jim Ratcliffe, it has been…

The Guardian - UK

Want more productivity, Rachel Reeves? It’s time to embrace Mancunian swagger

Manchester is closing the gap on London, with public money having helped to ‘crowd in’ a lot of private investment

The Guardian - UK

A UK headline wealth tax? It may be simpler to put up existing taxes

Amid party divisions and issues with data, pulling existing tax levers could be a more politically palatable option

Evening Standard

OPINION - We need to do more to make the rich feel at home in London (yes, really)

Leafing through the programme at the theatre on Saturday night, the eyes were drawn as they usually are, to the section at the back where they list the benefactors. As ever, it was a question of seeing how many of them were familiar. But on this occasion, there was an…

The Guardian - UK

Could a wealth tax work in the UK? A visual guide

Rachel Reeves is under pressure to consider a new levy to help balance the books. We look at her options

The Guardian - UK

How Spain put up wealth taxes – without chasing away the billionaires

Amid calls for Rachel Reeves to bring in a new levy for the super-rich, Madrid offers lessons for policymakers

The Conversation

What’s the secret to fixing the UK’s public finances? Here’s what our panel of experts would do

Unexpected growth in the UK economy isn’t enough to detract from the gaping hole in the country’s public finances. Speculation is ramping up about what steps the chancellor of the exchequer, Rachel Reeves, might take to plug the gap come the budget in autumn – and there are no shortage…

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