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The Latest Breaking News from Rachel Reeves

UK politics live: Reeves dismisses Lammy’s Trump ‘Neo-Nazi’ jibe as Farage’s mediation offer snubbed by Labour

The US election result has brought past comments made by foreign secretary David Lammy about Donald Trump back into the limelight

The Independent UK

Interest rates live updates: Bank of England base rate cut to help slash mortgage bills

Inflation fell below the Bank of England’s 2% target in September for the first time in three years

The Independent UK

Sir Keir Starmer ‘fondly recalls’ Donald Trump meeting with ‘hearty congratulations’ in first call

The pair spoke on phone after US election to follow up on Trump Tower encounter

The Independent UK

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Chancellor Rachel Reeves’ Budget clears first House of Commons hurdle

MPs approved a series of Budget resolutions on Wednesday, which included an increase to employers’ national insurance contributions and a vapes tax.

Evening Standard

Cost increases for shops and pubs are real and large. Pity the small operators

M&S will pay an extra £60m in employer national insurance next year, but it can cope. Smaller firms may not

The Guardian - UK

Rachel Reeves promises not to increase taxes again in spring budget

Chancellor tells Treasury select committee ‘we’ve now set the envelope for spending for this parliament’

The Guardian - UK

Rachel Reeves rejects alternative for ‘cruel’ family farm tax

Rachel Reeves was challenged over the family farm tax during a grilling by MPs on the Commons Treasury select committee

The Independent UK

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Treasury denies breaking law over 'black hole' in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March

Evening Standard

Treasury denies breaking law over ‘black hole’ in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March.

The Independent UK

Fact check: Defence spending was mentioned in autumn Budget

Rachel Reeves made clear references to increasing money for the Ministry of Defence while announcing the Government’s financial measures.

Evening Standard

What to know about ‘Red Ellen’, the radical MP whose portrait is now hanging at 11 Downing Street

Before announcing changes to Britain’s tax system in her first budget, Chancellor Rachel Reeves redecorated her own digs. The headline change was swapping a portrait of Nigel Lawson, Margaret Thatcher’s chancellor, with one of Ellen Wilkinson – a trailblazing politician known as “Red Ellen”.

The Conversation

Labour updates ministerial code of conduct in effort to restore trust

Ministers can still accept gifts but must declare their value in monthly register and ‘show good judgment’

The Guardian - UK

UK could attempt to talk Trump out of tariff war, Reeves tells MPs

The Chancellor said the Government will make ‘strong representations’ about the benefits of free trade.

Evening Standard

‘Budget emperor has no clothes’ says shadow minister as MPs continue debate

The final day of debate on Labour’s first Budget in 14 years is taking place in the Commons.

The Independent UK

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The Independent UK

Rachel Reeves gives top official vote of confidence in row over Budget black hole cover-up

Exclusive: The chancellor gave officials a vote of confidence ahead of she and her Treasury permanent secretary James Bowler facing questions from MPs today

The Guardian - UK

M&S profits rise but retailer warns of £60m hit from Reeves’s budget

Concerns over increase in national insurance contributions and minimum wage on customers and suppliers

The Independent UK

Cost of living fears rise as pubs and supermarkets warn of Budget “double whammy”

Outspoken Wetherspoons boss Tim Martin is amongst those expressing concern

Evening Standard

UK companies warn of growing consumer costs after Budget tax rises

Retailers, housebuilders and hospitality firms all say Labour’s increase in employers’ national insurance contributions will lead to price rises.

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The Guardian - UK

Reeves hints UK will urge Trump not to raise tariffs as economists fear his policies will cut growth – as it happened

Chancellor says UK’s trading relationship with US is ‘absolutely crucial’ and promises not to be a ‘passive actor’

The Independent UK

UK politics live: Davey accuses Badenoch of ‘cheerleading’ for Trump after Starmer snubs her call for apology

Lib Dems leader Ed Davey has Kemi Badenoch ‘s support for Trump shows she doesn’t reflect British values

The Guardian - UK

Wall Street hits record high after Trump election win, as US dollar, bitcoin and Tesla shares surge – as it happened

Rolling coverage of the latest economic and financial news, as investors pile into Trump trades after US election result

Evening Standard

Stamp duty: first-time buyers in four London boroughs to face the biggest increases

First-time buyers in Haringey, Hackney, Richmond and Wandsworth face stamp duty rises of £11,250 next year, while those in Barking will pay £876 more

Evening Standard

Rachel Reeves faces grilling by MPs over tax hikes and increased spending in Budget

Measures announced in Budget will come under scrutiny from the Treasury Select Committee on Wednesday

The Independent UK

Reeves faces grilling by MPs over Budget measures

Changes announced in the Budget will come under scrutiny from the Treasury Select Committee on Wednesday.

The Guardian - UK

Trump tariffs would halve UK growth and push up prices, says thinktank

NIESR warns British economy would be one of the worst affected by protectionist policies

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