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The Latest Breaking News from Rachel Reeves

Rachel Reeves could raise £10bn in wealth taxes, Resolution Foundation says

The chancellor could find the cash to fund Labour’s plans for power, including inflation-busting pay hikes for public sector workers, by levying taxes on unearned wealth

The Independent UK

Britain's New Government Faces Financial Crisis After Election Win

Britain's new left-leaning government faces financial challenges inherited from previous rule, with a significant 20-billion-pound shortfall in public fina...

Top News

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

Britain’s new left-leaning government says the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes

The Independent UK

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Fear of a Truss repeat should not deter Reeves from rewriting spending rules

Labour has enough goodwill with City to increase debt if the money is used for key infrastructure

The Guardian - UK

Tories ‘deliberately covered up’ true state of public finances, says minister

Steve Reed hits out at Conservatives’ handling of public services as chancellor prepares to detail ‘£20bn black hole’

The Guardian - UK

'Lie and pretend': Disbelief as Labour claim Tories 'covered up' £20bn funding hole

CHANCELLOR Rachel Reeves has been met with disbelief after claiming that a Tory government “cover up” hid a £20 billion shortfall in the UK’s…

The National (Scotland)

Why Rachel Reeves wants everyone to know that the Tories left the Treasury brassic

The chancellor is not just preparing the ground for some tax rises. She’s also warning her party that there will be extremely difficult decisions about spending

The Guardian - UK

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Reeves to consider capital gains tax plan to help fix ‘broke Britain’

The chancellor will declare Britain ‘broke and broken’ and reveal the scale of Labour’s dire financial inheritance from the Conservatives

The Independent UK

Rayner to set out overhaul of planning rules to clear path for new social housing

Angela Rayner has said the planning system should be a ‘launchpad’ rather than a millstone ahead of setting out changes next week

The Independent UK

Wealth taxes could raise £10bn to help plug Tory budget hole, say economists

Reforms to inheritance and capital gains taxes could reduce £20bn shortfall and combat UK’s widening wealth gap

The Guardian - UK

The Observer view: sticking to fiscal rule will imperil Labour’s future

Cutting public spending to satisfy an arbitrary financial rule conceived in opposition will confine the UK to sluggish growth

The Guardian - UK

Rachel Reeves to unveil ‘broke Britain’ dossier as Jeremy Hunt hits back with tax ‘scam’ claim

Rachel Reeves is expected to tell parliament that Rishi Sunak’s party left a £20bn black hole in the public finances, including making ‘significant funding commitments’ this year with no idea how they would be paid for

The Independent UK

Angela Rayner unveils sweeping plans to tackle ‘scandal’ of Tory housing legacy

The deputy PM is to announce new rules to boost affordable homes as a £20bn shortfall in UK public finances is revealed

The Guardian - UK

Taxing the rich could solve many problems. Why is it so difficult in the UK?

Making billionaires pay their fair share into state coffers would allow Starmer’s government to effect real change, but soaking the rich is a hard sell for voters

The Guardian - UK

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The Guardian - UK

Rachel Reeves to delay some of Tories’ ‘unfunded’ road and hospital projects

Chancellor attempts to plug £20bn hole in spending but will commit to above-inflation public sector pay rise

The National (Scotland)

Anas Sarwar left red-faced as clips showing 'no austerity' pledge resurface

ANAS Sarwar has been left red-faced as footage re-emerged of him claiming there would be “no austerity under Labour” as the UK Chancellor is set…

The Guardian - UK

Millions of UK public sector workers set for above-inflation pay rise

Rachel Reeves is expected to accept pay review body recommendations in move that could cost up to £10bn

The Guardian - UK

Rachel Reeves urged to crack down on wealthy tax avoiders

Calls follow Guardian undercover investigation as chancellor poised to reveal £20bn hole in UK finances

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The Guardian - UK

Eight charts that lay bare Labour’s spending inheritance from Tories

Rachel Reeves will next week highlight figures showing a tougher picture than Osborne received in 2010

The Independent UK

How Labour could raise taxes as Starmer admits budget will be ‘painful’

The government has confirmed that tax rises are on the horizon

The National (Scotland)

SNP demand apology as Labour set to 'finally admit' £20bn in cuts and tax hikes

The SNP have demanded Labour apologise to the public for "misleading voters" as Rachel Reeves is expected to unveil a £20 billion…

Evening Standard

Britain could be hit with tax rises in autumn Budget given dire public finances, warn top economists

But the Institute for Fiscal Studies said the spending crisis was ‘predictable and predicted’

The Independent UK

Rachel Reeves set to unveil £20bn black hole in public finances

Fears that the chancellor may need to consider further tax rises as she is set to reveal bad news on public finances

The Guardian - UK

Rachel Reeves expected to reveal £20bn shortfall in public finances

Chancellor may raise some taxes in the autumn due to what Labour describes as its ‘shocking inheritance’ from Tories

The Independent UK

Tom Tugendhat has emerged as an early Tory leadership favourite with the public

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