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The Latest Breaking News from Rachel Reeves

Rachel Reeves’ value for money tsar to be paid £950 a day

David Goldstone, who will take up the position of chairman of the new Office for Value for Money, will effectively be paid significantly more than the prime minister

The Independent UK

Reeves gives Labour post-Budget poll boost despite £40bn tax row

Exclusive: Rachel Reeves has faced a storm of criticism after producing the biggest tax raising Budget in history but the latest weekly tracker poll has shown public support grow for Labour

The Independent UK

Friday briefing: The inside story of The Long Wave, the Guardian’s newsletter on Black life and culture

In today’s newsletter: Writer Nesrine Malik reveals how our weekly roundup for the global Black diaspora came into being, and explains the very personal reason she got involved

The Guardian - UK

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After Reeves’s historic budget, Labour has time to pursue its revolution. What it needs now is public trust

The government is operating in an unforgiving time and lacks capital with voters. It will be crucial to address that, says Guardian columnist Martin Kettle

The Guardian - UK

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

The Budget increased state spending by almost £70 billion per year funded by increased taxes and borrowing.

Evening Standard

What the papers say – November 1

Here are the biggest stories leading Friday’s newspapers.

The Independent UK

Angela Rayner declares £3,550 worth of clothes from Lord Alli

The Deputy Prime Minister updated a declaration of a gift from the Labour backer to show it was for work clothes.

Evening Standard

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Martin Lewis issues pension credit plea to nation as he hits out at Rachel Reeves

Martin Lewis issued a pension credit plea to the nation as he hit out at Rachel Reeves over the winter fuel payment cut.

The Independent UK

Head of government’s new value for money office ‘to be paid £950 a day’

David Goldstone to advise chancellor and chief secretary to the Treasury on ways to cut public spending

The Guardian - UK

Reeves told she will have to raise further £9bn to avoid UK public service cuts

Warning comes after Rachel Reeves’s record tax-raising budget sent tremors through financial markets

The Guardian - UK

Rachel Reeves’s most irritating manifesto fudge: private equity’s tax loophole

Labour said it would bring taxation of performance-related pay in the industry in line with others – but the chancellor had a change of heart

The Guardian - UK

How private equity convinced Labour to go easy on its multimillion pound tax perk

The lobbying coup of the decade saw a major climbdown on the chancellor’s planned raid on carried interest

The Guardian - UK

The Guardian view on health spending: the NHS needs more than a shot in the arm

Editorial: The chancellor has given the health service a boost. But huge challenges remain

The Guardian - UK

This Labour budget is austerity by another name

Letters: Politicians including Jeremy Corbyn and MPs from the Green party and Plaid Cymru respond to the chancellor’s plans. Plus a letter from Peter Riddle

The Guardian - UK

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The Guardian - UK

Rachel Reeves’s budget survives contact with reality – for now

The chancellor, on the morning-after media round, just scraped a no-score draw despite a pervasive sense of unkept promises

The Guardian - UK

Why UK farmers may be left worse off by the budget

Critics say changes to inheritance tax and nature-friendly subsidies could break up family farms and risk food security

Evening Standard

Reeves admits NI hike could hit pay rises while markets react to borrowing spree

Chancellor Rachel Reeves insisted she had no alternative but to raise taxes in her first Budget.

The Conversation

Why the chancellor’s plan to unlock billions of pounds of government investment is such a gamble

Perhaps the most important long-term change announced in the first Labour budget are the new rules the government has set itself to fund the expansion of public services and increase public investment. These fiscal rules, which set out how much the government can borrow and spend, are seen as critical…

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Evening Standard

Global stocks tumble and pound weakens as investors digest UK Budget

London’s FTSE 100 was down 49.53 points, or 0.61%, to close at 8,110.1.

The Guardian - UK

Reeves needs faster UK growth than the OBR predicts for her budget to work

Unless the chancellor’s capital spending increases stimulate private investment, expect more tax rises ahead

Evening Standard

Private school group to launch legal action over Government’s VAT plan on fees

Members of the Independent Schools Council board voted to take action after the policy was confirmed in the Budget.

Evening Standard

Housing industry Budget reaction: London renters and first-time buyers facing woe

Industry reaction suggests that renters and First Time Buyers are going to be hit hardest by measures in the Autumn Statement

The Independent UK

The chart that reveals the Budget’s real winners – and who will be hit hardest

Nine out of 10 taxpayers will benefit as a percentage of income from the Budget, according to a Treasury analysis

Top News

UK Treasury Chief Raises Taxes, Warns Of Lower Wages

UK Treasury raises taxes by 40 billion pounds, affecting wage growth and public services. Potential future tax increases and spending concerns highlighted.

The Guardian - UK

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely

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