The Latest Breaking News from Rachel Reeves

John Caudwell has warned that a wealth tax would be ‘very destructive’ to growth

Sure Start was New Labour’s finest achievement, and the Tories destroyed it. Now it’s back with a mission to put children at the heart of everything, says Guardian columnist Polly Toynbee

THE INDEPENDENT VIEW: Editorial: The welfare reform bill fiasco has made rethinking education, health and care plans infinitely more difficult. Any reforms must clearly be for the benefit of the recipients – not driven by the Treasury’s need to make savings

Reports say wealthy elite are leaving over tax changes – prompting a possible rethink by Rachel Reeves – but hard data is tricky to find

COMMENT: As battle lines are drawn within Labour over taxing the super-rich, Chris Blackhurst says that the government must resist Lord Kinnock's siren call to take a 2 per cent slice of asset values above £10 million – because the country's economic prosperity depends on it

The Government is not ruling out new tax rises after a Labour revolt over welfare reforms blew a £5 billion hole in the Treasury’s spending plans

Steve Reed says changes to living standards are happening and will make a big difference to trust in government

A More in Common poll also found seven in 10 voters think Sir Keir’s government is at least as chaotic as the Tories’ previous term

A change in the two-child benefit cap is now less likely

Kemi Badenoch will pledge that the Tories are ‘now the only party committed to serious welfare reform’.

THE INDEPENDENT VIEW: Editorial: The chancellor ought to take citizens into her confidence as she ponders her Budget choices. Rachel Reeves needs to explain the trade-offs behind the difficult decisions that she is about to make, if she wants people to support them