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The Latest Breaking News from Rachel Reeves

Keir Starmer mistakenly announces five new freeports in comms ‘cock-up’

The government actually planned to announce new customs sites at five existing freeports that were previously announced by the Conservatives

The Independent UK

Budget 2024: Benefit reforms to be sped up in bid to bring down 'ballooning' bill supporting jobless

The Chancellor pledged a ‘welfare overhaul’ designed to make ‘people who can work, do work’

Evening Standard

Rachel Reeves needs more than just policies if she wants to make this week’s budget sing

The mood music matters as much as the numbers, particularly since so few Britons understand how taxes actually work, says Guardian columnist Polly Toynbee

The Guardian - UK

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Keir Starmer warns the UK budget this week will reflect 'harsh' economic reality

British Prime Minister Keir Starmer says fixing Britain’s troubled economy will be a long haul in a “harsh” fiscal environment

The Independent UK

Sarwar says Labour will ‘end austerity’ as he challenges SNP ministers on Budget

Scottish Labour leader Anas Sarwar spoke out as Chancellor Rachel Reeves prepares to deliver the Budget on Wednesday.

Evening Standard

Starmer intervenes in ‘working people’ Budget row with grim warning

Sir Keir Starmer gave a gloomy assessment ahead of Wednesday’s Budget in a major speech in Birmingham

The Independent UK

Budget 2024: How could Labour find £40bn in taxes and cuts?

Labour has prepared the country for a “painful” fiscal event

The Independent UK

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Keir Starmer denies fiscal fiddling will trigger Truss-style mortgage hikes

KEIR Starmer has said he does “not accept” that Labour efforts to fiddle borrowing rules will result in Liz Truss-style mortgage hikes.

The National (Scotland)

Local services to get £240m funding boost to ‘get Britain working’

Sir Keir Starmer said the Budget would allocate £240 million to local services to get people back into work.

Evening Standard

From tax cuts to breaking the economy: five UK budgets that made a difference

As Rachel Reeves prepares to unveil her measures, we look at how five of her predecessors broke the mould

The Guardian - UK

Voices: When Rachel Reeves delivers her Budget today, please don’t talk about what she’s wearing

COMMENT: Can we please all keep our eyes firmly on our first female chancellor’s fiscal cuts rather than her physical appearance? Not likely, says Claire Cohen

The Independent UK

Bus fare cap of £2 to increase to £3 in Budget, Starmer announces

The increase will be announced at Rachel Reeves’ first Budget on Wednesday.

Evening Standard

£2 bus fare cap to increase to £3 in Budget, Starmer announces

The increase will be announced at Rachel Reeves’ first Budget on Wednesday.

The Independent UK

Budget 2024: Prime Minister defends 'tough' tax rises as he vows £240m to get people back into work

Sir Keir Starmer said Chancellor Rachel Reeves’ Autumn Statement will seek to get Britain out of a ‘pay more get less doom loop’

Evening Standard

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Evening Standard

£240m in Budget for local services to help people back into work, Starmer says

Chancellor Rachel Reeves will deliver her first Budget on Wednesday.

Fortune

British firms with a combined £2.6 billion in revenue are considering fleeing the country, fearing fresh tax hikes in the budget

Rachel Reeves will announce the highly anticipated budget on Wednesday, expected to include tax hikes for high-earners, employers, and entrepreneurs.

The Independent UK

Watch: Starmer warns Britain faces ‘unprecedented challenges’ ahead of Budget

Watch as Sir Keir Starmer warned that Britain faces "unprecedented challenges" in a speech on Monday, 28 October, ahead of Labour's first Budget for 14 years.

The National (Scotland)

'Duped': Anas Sarwar pledges end of austerity – despite Budget of cuts and tax rises

THE Labour Government Budget “will end the era of austerity”, Anas Sarwar has claimed – on the same day as the Prime Minister warned that…

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news in one place.

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Evening Standard

Budget ‘most honest’ in years, Cabinet minister claims

Pat McFadden said Rachel Reeves’ first Budget will ‘end the fiscal fiction of things being announced which had no money set aside for them’.

Evening Standard

Budget 2024: Keir Starmer hit with growing row over billions in tax rises 'breaking' Labour manifesto

Cabinet minister Pat McFadden denies Labour ‘misled’ voters during the election campaign

The Guardian - UK

Lindsay Hoyle criticises chancellor Rachel Reeves for early disclosure of budget details – UK politics live

Speaker of the House of Commons says it is ‘evident’ Reeves made significant policy announcements in the media, rather than parliament

The Guardian - UK

Rachel Reeves’s first budget offers a chance to break out of the doom loop. Here’s how she should do it

It’s a tall order but Labour has a chance to improve people’s lives in both the short and long term, says economics and public policy professor Jonathan Portes

The Guardian - UK

Volkswagen to shut at least three German factories, union warns; Oil price falls 5% after Israel’s attack on Iran – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Reeves’s radical change to fiscal rules could go further – New Zealand shows how

Nation follows net worth rules which count liabilities such as debt but also assets, including land, roads, hospitals and schools

The Guardian - UK

Pubs and restaurants warn of closures if taxes rise and business rates relief ends

Joint statement by lobby groups calls on chancellor to make Covid-era rates relief for hospitality permanent

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