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The Latest Breaking News from Rachel Reeves

Reeves admits Budget leaks were ‘extremely damaging’ but insists she wasn’t to blame

Chancellor hits out at ‘too many leaks’ and says inquiry is underway to root out the person responsible

The Independent UK

Reeves criticises budget leaks and says income tax decision taken ‘in partnership’ with PM

Chancellor defends budget but tells MPs there were ‘too many leaks’ and that and much of them were inaccurate

The Guardian - UK

William Hill owner considers sale after Budget gambling tax hikes

Debt-laden Evoke said the potential sale comes a number of gambling taxes were increased in last month’s Budget.

Evening Standard

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William Hill owner Evoke considers sale or breakup after budget tax rises

Value of heavily indebted company has plummeted more than 90% since it bought chain of 1,400 bookmakers

The Guardian - UK

Reeves: PM and I decided ‘as a team’ not to hike income tax

The Chancellor also said a leak revealing she had dropped plans for an income tax rise was ‘incredibly damaging’.

Evening Standard

Transport is the lifeblood of London's economy - we need to get it right

The Thamesmead DLR extension is a powerful signal and confidence-builder in the market, but it must be the start of a joined-up approach

Evening Standard

Resign over Budget briefing chaos, Reeves urged as she orders leak inquiry at the Treasury

Chancellor Rachel Reeves has been urged to resign over the chaos in the run up to her financial statement

Evening Standard

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No 10 publishes list of 34 new political peerages including 25 Labour, five Liberal Democrats and three Conservatives – as it happened

Downing Street publishes list including ex-Olympic swimmer Sharron Davies and Iceland supermarket chief Richard Walker

The Guardian - UK

Rachel Reeves’s test from the bond markets starts now

UK gilt yields may have dropped a bit relative to other major countries, but it’s not at all clear that the fall with continue

The Guardian - UK

Bank of England expects budget will cut inflation by up to half a percentage point

In a boost for Rachel Reeves, deputy governor says analysis shows chancellor’s policies will lower annual rate next year

The Guardian - UK

Covid-19 fraud cost taxpayers £10.9bn but ‘much beyond recovery’, report finds

The final report by the Covid counter fraud commissioner, Tom Hayhoe, found that many schemes were rolled out quickly with significant risks.

Evening Standard

Struggling to find a job? Three reasons why the UK labour market is stuck right now

Britain’s jobs market appears to have entered a “low-hire, low-fire” freeze, creating stagnation that could affect everyone from school-leavers to professionals. But unlike recessions characterised by mass layoffs, this scenario represents a market in which workers cling to their jobs while newcomers find the door shut.

The Conversation

Reeves’ £150 cut in energy bills will be nuked by Sizewell costs, ex-Labour donor claims

Dale Vince’s claims over the impact of paying for Sizewell C on energy bills is one of a number of hidden costs which could see consumers pay higher bills - instead of £150 less

The Independent UK

Zipcar’s demise means people such as me are back in the slow lane – and stuck needing their own costly car

The impending collapse of UK carsharing is an embarrassment for a government attempting to curb the dominance of cars, says writer Phineas Harper

The Guardian - UK

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The Guardian - UK

Ministers urged to close £2bn tax loophole in car finance scandal

Banks and specialist lenders will not pay tax on compensation payouts, sidestepping 2015 rule

Evening Standard

On Zack Polanski’s Magic Money Tree, economic gravity simply doesn’t exist

The Green Party leader thinks Modern Monetary Theory is a cure for Britain’s woes — others see it as snake oil at best, writes Jonathan Prynn

The Guardian - UK

The Guardian view on reducing child poverty: with the two-child limit gone, Labour must go further

Editorial: The new strategy has gaps. But ministers have shown that they are serious and capable of listening

Evening Standard

Reeves will not face ministerial standards probe over Budget briefings

Nigel Farage had called for an investigation into whether the Chancellor mispresented the state of the public finances ahead of her fiscal statement.

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Evening Standard

Sarwar’s fingerprints ‘all over the Budget’, says Starmer

The Prime Minister touted his Scottish leader’s influence as he addressed members on Thursday.

The Guardian - UK

Give credit where it’s due: Labour is finally doing things its supporters actually want

From tackling child poverty to being honest about Brexit, the party seems to have recognised the growing electoral threat to its left, says Guardian columnist Gaby Hinsliff

The Guardian - UK

Friday briefing: After constant leaks and a resignation, is the OBR still fit for purpose?

In today’s newsletter: Critics say the OBR’s growing influence has outpaced its accountability, raising questions about whether it serves the public, the Treasury, or the markets

The Independent UK

David Lammy says rejoining EU customs union could boost UK economy

Deputy PM joins growing chorus of support in Labour to undo Brexit

The Guardian - UK

Families to be offered help to leave temporary accommodation under UK child poverty strategy

Government says series of measures, including childcare support, will lift 500,000 out of poverty

The Guardian - UK

Here’s why we can’t get rid of ‘mansplaining’

Letter: Dr Amanda Nimon Peters responds to an article by Zoe Williams in which she said we should stop using the term

Evening Standard

Builders downed tools amid fears over Reeves Budget in fresh blow to new homes for London

Housing, civil engineering and commercial activity ‘tanked’ last month, say economists

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