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The Latest Breaking News from Rachel Reeves

Friday briefing: Despite Rachel Reeves’s enthusiasm there is still a long way to go to get this project off the runway

In today’s newsletter: The chancellor appears to be moving towards a final green light for the expansion of the UK’s busiest airport. But how will her plans align with her government’s plans to achieve net zero?

The Guardian - UK

Majority of Brits support cutting or abolishing inheritance tax, new poll shows, as farming backlash grows

Some 55 per cent of respondents said they would support cutting or abolishing inheritance tax

The Independent UK

New £9bn deal nuclear submarines deal will create 1,000 jobs, ministers say as Reeves scrambles for growth

Announcement comes hours after Sainsbury’s says it will cut 3,000 jobs and close cafes following warning of Budget blow

The Independent UK

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Britain must not drive away the global rich

THE INDEPENDENT VIEW: Editorial: Keen to be non-ideological in its pursuit of economic growth, the government has wisely adjusted its proposed changes to the taxation of non-doms

The Independent UK

Reeves to instruct national wealth fund to work with mayors to boost growth

Chancellor says new scheme aims to bridge gap between Whitehall and local leaders to avoid previous top-down approach

The Guardian - UK

Are Rachel Reeves’s efforts to win business confidence ‘fiddling while Rome burns’?

Pro-growth charm offensive aimed at getting Labour back on the front foot has drawn concerns and questions

The Guardian - UK

'Davos deal' sees Rachel Reeves pledge to relax non-dom tax rules for millionaires

RACHEL Reeves will relax rules for non-domiciled residents in order to help them avoid paying UK taxes – saying she has been “listening to the…

The National (Scotland)

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KemiKaze shows she doesn’t do sorry in first broadcast as Tory leader

She longs to distance herself from Boris, Liz and Rishi – but it’s as if she has given up already

The Guardian - UK

Ed Miliband won’t resign over Heathrow third runway despite environmental concerns

Energy secretary and former Labour leader pledged to vote against expansion six years ago saying ‘we owe it to future generations not just to have good environmental principles but to act on them’

The Independent UK

Watchdog warns Rachel Reeves looser lending for first time buyers could mean home repossessions double

Chief Executive Nikhil Rathi told MPs that any move to make borrowing easier for first time buyers could lead to the rise of people ultimately losing their homes

The Independent UK

What’s the point of Davos when even the rich are fed up with the super-rich?

Rachel Reeves told the elites gathered in Switzerland she was relaxed about ‘wealth creation’. She’s in the minority on that, says columnist Zoe Williams

The Guardian - UK

Reeves plans to soften non-dom reforms after listening to concerns

Downing Street said the move to soften non-dom reforms does not ‘change the overall approach’ to the Government’s policy.

Evening Standard

Reeves will 'make changes' in spring if needed for UK public finances amid talk of spending cuts or tax rises

The Chancellor vowed to stick to her fiscal rules on day-to-day spending and reducing the UK’s debt

Evening Standard

UK To Make Case To Trump Against Whisky Tariff: Finance Minister

Britain will make the case to US President Donald Trump that Scotch whisky and other goods should be spared from any tariffs by the new administration, UK finance minister Rachel Reeves said Thursday.

International Business Times

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The Independent UK

Government rejects call from supermarket giants to halt controversial tractor tax plan

Some of Britain’s biggest retailers, Tesco, Lidl and the Co-Op, demanded a pause to the inheritance tax raid as Labour chancellor attempts to woo business investment to the UK at World Economic Forum in Davos

The Guardian - UK

Rachel Reeves to soften non-dom tax changes to woo rich for growth push

Tweak to finance bill is part of Labour push to show UK is attractive place to invest

The Independent UK

Reeves to water down tax raid on non-doms amid exodus of millionaires

The chancellor is to amend some of the changes to tax rules for non-domiciled individuals announced in October’s Budget

Evening Standard

Government ‘not ripping up’ green protections, minister says, amid projects push

Housing minister Matthew Pennycook said the Chancellor was right to prioritise growth amid speculation about the future of Heathrow airport.

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The Independent UK

Billionaire hedge fund investor explains why UK government faces debt ‘death spiral’

Borrowing has reached almost £18bn and the concern is more debt will be required to pay that off - and the same could happen in the US, Ray Dalio warns

Evening Standard

Transport Secretary Heidi Alexander opposed third runway at Heathrow which Rachel Reeves appears to now back

Exclusive: Heidi Alexander is the eighth Cabinet minister known to have objected to a bigger Heathrow, as has Prime Minister Sir Keir Starmer

The Guardian - UK

UK politics: ‘It’s not a customs union’: No 10 leaves door open to joining pan-Europe scheme – as it happened

Downing Street says EU’s suggestion of UK joining agreement would not cross its ‘red lines’ for closer ties

The Independent UK

UK’s millionaire exodus equal to losing 530,000 average taxpayers, study says

The country lost 10,800 millionaires to foreign countries last year, more than double the number who left in 2023. It means that, since Labour came to power, one millionaire left the UK every 45 minutes

The Guardian - UK

Rachel Reeves’s bid to expand Heathrow could add £40 to airline ticket

Treasury analysis shows ticket prices expected to go up across board with no plans for frequent flyers to shoulder more of the cost

The Guardian - UK

Legal challenges to infrastructure plans to be blocked in Starmer growth push

Prime minister hopes his plan to ‘take the brakes off Britain’ will send a message to business to build more

The Guardian - UK

Rachel Reeves denies Labour hindering consumer interests in car loans scandal

Chancellor under pressure from lenders and lobbyists that say huge compensation bill could harm motor finance market

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