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The Latest Breaking News from Rachel Reeves

Taxes won’t rise for people on ‘modest incomes’, minister vows

The transport minister said Rachel Reeves will not hit those on ‘around average incomes’

The Independent UK

Rachel Reeves’ mortgage gamble is the move of a chancellor who is running out of options

NEWS ANALYSIS: Plans to get more people on the housing ladder should be applauded, writes David Maddox, but the chancellor must take heed of lessons from the past

The Independent UK

36,000 new mortgages for first-time buyers: What it means for you

New mortgage rules could help up to 36,000 first-time buyers get on the property ladder. Find out if your £30K salary qualifies you for a loan…

The National (Scotland)

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Bank of England to ease rules for smaller and mid-sized banks

The Bank also said it will push ahead with the majority of new capital rules at the start of 2027 but will delay part of the proposals.

Evening Standard

Business news live: FTSE 100 hits record milestone, Reeves to address mortgages and pensions in speech

Stock markets updates, plus business and money news on Tuesday

The Independent UK

Rachel Reeves set to bet the house on economic growth by loosening mortgage rules

The chancellor is set to rip up many of the rules brought in after the 2008 financial crash to encourage investors and businesses to take risks again and open up the housing market to thousands more first-time buyers

The Independent UK

Reeves to say cuts to City red tape will bring trickle-down benefits to households

Chancellor to announce raft of deregulation changes as City regulators move to pare back transparency rules

The Guardian - UK

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Rachel Reeves hails ‘instant impact’ of new mortgage reforms for first-time buyers

Chancellor Rachel Reeves is expected to say on Tuesday that she has placed financial services ‘at the heart of the Government’s growth mission’

Evening Standard

Asylum costs set to take up fifth of UK’s shrunken aid budget, watchdog warns

The Government slashed the UK’s aid budget from 0.5% of gross national income to 0.3% in order to pay for increased defence spending.

The Independent UK

UK cuts stock market red tape in bid to aid Chancellor’s growth plans

The FCA said UK firms will be able to raise cash and list on London stock markets more quickly and easily.

Evening Standard

Striking doctors have badly misjudged the mood of the nation

THE INDEPENDENT VIEW: Editorial: Since the general election, resident doctors have seen their wages rise by much more than most other working people, with few – if any – commitments to improving productivity

The Independent UK

Voices: If interest rates fall, could the 3 per cent mortgage make a comeback?

COMMENT : The governor of the Bank of England has hinted at a cut in rates thanks to the government’s decision to tax jobs. James Moore shares the welcome news that mortgages will get cheaper – but adds a note of caution

The Independent UK

How mortgage market changes could help first-time buyers onto the property ladder

Stress test rules and lending limits being changed are positives - but a balance still needs to be struck

The Independent UK

Reeves says protections remain for ‘working people’ amid wealth tax speculation

Chancellor Rachel Reeves said the manifesto commitment not to increase income tax, national insurance and VAT still stood.

Evening Standard

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The National (Scotland)

Rachel Reeves set to ape Margaret Thatcher with bank regulation bonfire

RACHEL Reeves is reportedly set to unveil Margaret Thatcher-style banking reforms in a desperate bid to spark economic growth.

The Guardian - UK

UK politics: Tories’ energy policy shows they are ‘anti-science, anti-jobs, anti-future’ Miliband tells MPs – as it happened

Energy secretary says it is not clear if opposition have any net zero policy

Evening Standard

Tax rises: Freeze on income tax thresholds for millions left on table by Treasury minister Darren Jones

The Government has promised not to raise the ‘headline rate’ of income tax but has left open the possibility of freezing the thresholds for paying the levy

The Guardian - UK

Pound drops after Bank of England says it could further cut interest rates if jobs market slows

‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey

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news in one place.

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The Guardian - UK

Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – as it happened

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.

The Guardian - UK

Tax pubs on profit not turnover, urges Greene King boss

Chain reports £147m loss last year as business rates blamed for accelerating closures

The Guardian - UK

Number of UK job hunters rises at fastest rate since Covid pandemic

Recruitment body blames ‘scar tissue’ left by April tax increases as starting salaries rise only modestly in June

Evening Standard

Bank of England could cut base rate if jobs market continues to slow – Bailey

Businesses are ‘adjusting employment’ as a result of Rachel Reeves’ decision to raise national insurance contributions for firms, the governor said.

The Independent UK

Bank of England could make cuts to interest rates if jobs market slows down, Bailey says

Businesses are ‘adjusting employment’ as a result of Rachel Reeves’ decision to raise national insurance contributions for firms, governor says

The Guardian - UK

Rachel Reeves to announce £500m for investment in youth services projects

Funding for social impact bonds to help children facing mental health difficulties, school exclusion or crime

The Independent UK

Labour launches £500m plan to fight child poverty

The government claims the Better Futures Fund will be the largest of its kind in the world

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