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The Latest Breaking News from Rachel Reeves

Stocks fall amid weak GDP print ahead of Budget

The FTSE 100 index closed down 103.74 points, 1.1%, at 9,807.68.

Evening Standard

Starmer defies calls to sack chief of staff, claiming briefing didn’t come from No 10

PM stands by Morgan McSweeney and attempts to draw line under row in which leaks suggested Wes Streeting would launch a leadership challenge

The Guardian - UK

Rachel Reeves set to clamp down on high-end bike purchases in Cycle to Work scheme

It comes amid concerns about ‘Surrey Hills’ cyclists taking advantage of the scheme

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Alcohol duty hike would 'kill distilleries and British culture', firms warn

Distilleries say they are ‘on their knees’ ahead of Rachel Reeves’ looming budget

Evening Standard

Hundreds of thousands to lose heat pump subsidies in Reeves’s budget plan

Exclusive: Supporters say grants largely going to middle-class households, but experts warn move will slow transition from gas boilers

The Guardian - UK

Reeves’s actions would suggest she’s trying to slow economy down, says former NatWest chief

Labour chancellor under fire ahead of crunch Budget as new figures show GDP growth has slowed

The Independent UK

Why the UK should look beyond growth to a ‘new economics’ that works for all

The UK budget is usually a story of growth forecasts, borrowing levels and fiscal discipline. But ahead of this month’s high-stakes event, growth has been slower than expected. At the same time, as households struggle with living costs, the climate crisis intensifies and inequality persists, growth might seem like too…

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Briefing row ‘undermining Government message’, says Sarwar

The Scottish Labour leader said the situation had ‘not been helpful’.

Evening Standard

Reeves Budget tax rise warnings and No10 'coup' chaos slammed for slowing Britain's economy

Former NatWest boss Sir Howard Davies accused the Government of making it harder for businesses with its ‘behaviour’ and policies

Evening Standard

Bleak data out of Britain: Is the UK once again the sick man of Europe?

The label once used to describe the UK’s industrial decline in the 1970s is echoing anew as fresh data show the economy slipping into reverse. A 0.1% contraction in September and weak quarterly growth have revived doubts about Britain’s economic vitality amid global trade headwinds.

Euronews

Well-off London cyclists face being clobbered by 'Mamil Tax' in Rachel Reeves Budget

The Chancellor appears to have in her sights on so-called ‘Mamils’ - middle-aged men in Lycra

Evening Standard

Burberry bosses urge Rachel Reeves to reinstate tax-free shopping for tourists

British luxury brand urges chancellor to pursue ‘progressive policies’ in budget to increase spending sprees by foreigners

The Guardian - UK

UK growth slows down to a crawl in Q3 ahead of crucial budget

Economic growth in the U.K. slowed down to a near standstill in the third quarter of the year

The Independent UK

Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?

Stronger public finances require stronger economy, but large tax rises and spending cuts could squeeze activity further

The Guardian - UK

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The Guardian - UK

Housing secretary tells Labour MPs to vote down planning bill amendment

Amendment restricts protection for animals to allow faster house building

Evening Standard

PM prepared to ‘get rid’ of those responsible for briefing war, Miliband signals

Ed Miliband suggested that Sir Keir would sack anyone found to be responsible for the briefings, as the PM faces pressure to overhaul his No 10.

Evening Standard

New blow for Reeves as economy stalls close to zero in run up to Budget

GDP inches ahead by just 0.1% in the third quarter in a grim set of figures that one City analyst said revived the spectre of recession

The Guardian - UK

UK economy grew by just 0.1% in third quarter after hit from JLR cyber-attack

Figure undershoots forecasts, with Jaguar Land Rover hack helping to pull September GDP down by 0.1%

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The Independent UK

Labour leadership live: Starmer denies No 10 aides to blame for attack on Streeting

Concerns around Labour Party leadership deepens ahead of Rachel Reeves’s upcoming Budget

The Guardian - UK

Rachel Reeves to cut tax benefits for workers using salary sacrifice schemes to buy bikes

Chancellor expected to introduce new limit on how much can be spent on a bicycle through cycle to work scheme

Evening Standard

Starmer apologises to Streeting for briefing war and launches probe into source

The Prime Minister was forced to condemn briefings against his Cabinet after reports about a possible Wes Streeting coup.

The Guardian - UK

Property experts urge Rachel Reeves to abolish ‘sin tax’ of stamp duty in budget

Chancellor advised to replace levy with an annual property tax as Treasury considers overhaul of system

The Guardian - UK

Labour infighting puts chancellor’s budget plan to reassure bond markets at risk

It was hoped manifesto-breaking tax rises might bring down borrowing costs – but party turbulence is likely to spook investors

The Guardian - UK

A tax roadmap for electric cars

Letters: Paul F Faupel and Venetia Caine make suggestions about the chancellor’s idea of a pay-per-mile charge on electric cars

Evening Standard

Labour Traitors war: Who has been accused of plotting against the Prime Minister and why?

Sir Keir Starmer was forced to condemn ‘completely unacceptable’ briefings against his Health Secretary, Wes Streeting

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