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The Latest Breaking News from Rachel Reeves

Budget 2025 live: IFS warn Rachel Reeves she is ‘disincentivising growth’ after Starmer defends tax rises

Reeves admits Budget will mean working people will have to ‘contribute a bit more’ - but denies breaking manifesto pledge

The Independent UK

UK borrowing costs fall after early release of budget forecasts – as it happened

OBR forecasts appear to show that chancellor has more than doubled her fiscal headroom to almost £22bn

The Guardian - UK

Wednesday briefing: What may be in – and out – of Rachel Reeves’s ‘hokey cokey’ budget

In today’s newsletter: As the chancellor prepares to deliver one of the most heavily briefed budgets ever, tax rises, the two-child benefit cap and a ‘mansion tax’ are all on the table

The Guardian - UK

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Rachel Reeves has many problems. She’s realising that her Brexit bind may be the biggest of all

Brutal economic realities are prompting a shift in Labour’s tone on Europe. But will it dare tell the whole truth about Britain’s predicament, asks Guardian columnist Rafael Behr

The Guardian - UK

Rachel Reeves says public ‘angry at unfairness’ in economy ahead of Budget

The Chancellor said the Government had started to see results in the past year.

Evening Standard

Rachel Reeves’s high-stakes autumn budget in five key charts

Chancellor to set out tax and spending plans shaped by weak productivity, high borrowing costs and cost of living crisis

The Guardian - UK

Reeves vows to make ‘fair and necessary choices’ as Budget day dawns

The Chancellor will aim to grasp the cost of living, and fiscal credibility in her second Budget

Evening Standard

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SNP calls on Chancellor to ‘help, not hammer’ families in Budget

Rachel Reeves is expected to introduce tax hikes in her announcement.

Evening Standard

Reeves braced for major Budget clash with businesses over minimum wage and tax rises

The chancellor is set to use her Budget to pin Labour’s hopes on tackling the cost of living while balancing the books by targeting the wealthy

The Independent UK

Budget 2025: Rachel Reeves to hammer London in tax grab on wealthy homeowners and millions of workers

The Chancellor’s plans will also see 260,000 children in the capital benefit from the lifting of the two-child welfare cap

Evening Standard

Reeves says she is ‘pushing ahead with biggest drive for growth’ ahead of Budget

The Chancellor is set to deliver her second Budget on Wednesday, when she has warned she will raise taxes to fill a black hole in the public finances.

Evening Standard

UK budget to target cost of living crisis as Reeves battles to keep Labour MPs on side

Chancellor’s fiscal statement billed as decisive moment for fate of Starmer government as she tries to fill £20bn spending gap

The Guardian - UK

Streeting gives major pre-Budget speech on child poverty fuelling further leadership speculation

The health secretary’s intervention came on the eve of Rachel Reeves’ make-or-break budget

The Independent UK

This make-or-break Budget must match the chancellor’s fighting talk

THE INDEPENDENT VIEW: Editorial: She has broken records by becoming Britain’s first female chancellor, but Rachel Reeves’s bold reforms and her fealty both to her backbenchers and bankers risks unsettling the very people she needs onside

The Independent UK

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The Independent UK

Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

Evening Standard

Hospitality bosses hit out at "yet another" above inflation hike in minimum wage in 2026

It also comes as firms are still reeling from Reeves' £25billion raid on employers' National Insurance in last year's Budget.

The Guardian - UK

Millions of UK workers to get pay rise as Reeves plans increased minimum wage

Chancellor says people must be ‘properly rewarded for their hard work’ with 16- to 21-year-olds also in line for raise

The Independent UK

Increase in minimum wage rates announced

The Government says millions of low-paid workers will get a pay rise.

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The Guardian - UK

B&Q owner holds firm – but others might struggle if a ‘softening’ retail market turns soggy

Kingfisher may be thriving, but its numbers mask a retail landscape that looks increasingly fragile as budget looms

The Independent UK

Rachel Reeves warned against ‘dire’ cuts to Motability in Budget by over 40 disability charities

Exclusive: Reeves told that cuts would ‘betray disabled people and steal our independence’

The Independent UK

What Budget rumours are doing to the FTSE 100

Banking stocks had a lift amid rumours the sector will be spared a tax hit

The Conversation

‘Mansplaining’ is different from other criticism – and Rachel Reeves is right to call it out

Ahead of delivering a consequential budget, Rachel Reeves, the chancellor of the exchequer, told the Times she was “sick of people mansplaining how to be chancellor to me”. She added: “I recognise that I’ve got a target on me. You can see that in the media; they’re going for me…

Evening Standard

Stocks rise and pound climbs as Budget rumours swirl

Chancellor Rachel Reeves is due to deliver her statement to the Commons on Wednesday.

The Guardian - UK

Rachel Reeves expected to scrap £300m in tax breaks for Motability scheme

Plan to remove relief from scheme that helps provide cars for disabled people likely to concern some Labour MPs

Fortune

Ultra wealthy are looking to leave the U.K. thanks to tax hikes—but the CEO of $1 billion tax platform says it’s their ‘social responsibility’ to stay

As Rachel Reeves plans to raise taxes in the U.K., Taxfix CEO Martin Ott admits ultrawealthy clients are eyeing an exit—but says it’s their “social responsibility” to stay.

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