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The Latest Breaking News from Rachel Reeves

Reeves urged to examine ‘legality’ of Shell-Equinor deal to create new company

Campaigners opposed to the Rosebank oil field, of which Equinor is a majority shareholder, are amongst those raising concerns with the Chancellor.

Evening Standard

Budget tax rises must be temporary and coupled with pro-business plan, TBI says

Sir Tony Blair’s think tank urged the Government to ‘move beyond the caution’ of its first year in office.

The Independent UK

Gordon Brown to issue warning on ‘shameful epidemic’ of child poverty in Britain

The ex-Labour leader will also call for Rachel Reeves to raise taxes on gambling firms to cover the cost of lifting the two-child benefit cap

The Independent UK

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Child poverty biggest threat to UK’s long-term economic future – Gordon Brown

Mr Brown is expected to call for a ‘new coalition of compassion for children that will create a chain of hope for children right across our country’.

Evening Standard

Reeves must slash tax again before next election if she breaks manifesto pledge, Tony Blair think tank warns

Labour chancellor told any tax hikes must be temporary in a bid to break Britain’s ‘tax-and-spend doom loop’

The Independent UK

How Rachel Reeves can ‘break Britain’s tax-and-spend doom loop’ as Budget looms

A report from the Tony Blair Institute has called on the chancellor to ‘bring businesses back onside’

The Independent UK

Rachel Reeves warned not to rely on business taxes to fill Budget black hole

The Confederation of British Industry said the Government ‘cannot pull the business tax lever once again to balance the books’.

Evening Standard

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Marks & Spencer’s cyber-trauma is bad, but clearly manageable

Chief executive criticises chancellor before budget that could prove bigger threat to business than ‘the incident’

The Guardian - UK

UK will not invest in Brazilian tropical forest fund at Cop30

Britain will not commit public money as Rachel Reeves grapples with balancing the books ahead of the Budget.

Evening Standard

The UK’s wealth ‘timebomb’ – and how to defuse it

When the full, unexpurgated diaries of the Conservative MP Sir Henry “Chips” Channon were published in 2021, these disarmingly frank accounts of his aristocratic life in mid-20th century Britain caused a stir. They revealed the inner thoughts of a renowned social climber and rightwing snob, whose political career never recovered…

The Conversation

Planning on Leaving the UK for Good? Rachel Reeves Might Tax You More on Remaining Assets

Chancellor Rachel Reeves weighs 20% settling-up charge on UK assets for wealthy leavers in budget 2025, targeting tax havens and aligning with G7 amid 16,500 millionaire migrations.

International Business Times UK

Badenoch warns of ‘oil and gas emergency’ in call for new drilling

The Conservative leader travelled to the north-east of Scotland to launch her party’s new campaign to end the moratorium on new oil and gas licences.

Evening Standard

M&S boss warns customer confidence dented by Budget worries

Chief executive Stuart Machin said the Chancellor’s pre-Budget speech on Tuesday did not ease customer fears or give certainty to business.

Evening Standard

Budget tax hikes should be coupled with major reform, Osborne says

Tory ex-chancellor George Osborne conceded large reforms to the tax system can be difficult politically as he pointed to his 2012 ‘pasty tax’ budget.

Evening Standard

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The Independent UK

Why does the government want me to invest instead of save – and how do I start?

Rachel Reeves might cut the cash ISA allowance in a bid to push more Brits towards stocks and shares

The Independent UK

George Osborne issues stark warning to Reeves over tax hikes

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

The Independent UK

Watch live: Lammy faces PMQs grilling after Reeves hints at tax rises

Watch live as David Lammy, Britain’s deputy prime minister, faces Prime Minister’s Questions on Wednesday (5 November).

Evening Standard

Chancellor under rising pressure amid warning UK finance blackhole must be plugged ‘with 2p income tax hike’

Rachel Reeves has given strong indications she will break Labour’s manifesto promise not to raise taxes on “working people” at her Budget on November 26

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Evening Standard

Brexit and austerity still causing ‘major problems’ for economy – Phillipson

Education Secretary Bridget Phillipson’s comments came after Chancellor Rachel Reeves prepared the ground for tax hikes in her November 26 Budget.

The Independent UK

Minister doubles down on Reeves’ doom warning: ‘We will do what’s right for the future of our economy’

While the education secretary insisted the government takes its manifesto pledges seriously, she said there are ‘major problems’ plaguing the economy

Evening Standard

Wetherspoons ‘cautious’ ahead of November Budget

The pub chain said like-for-like sales lifted 3.7% in the 14 weeks to November 2.

The Guardian - UK

Thinktanks urge Rachel Reeves to overhaul ‘broken’ tax system

Coalition says ‘arbitrary and nonsensical’ rules are penalising work and discouraging investment

Evening Standard

Government faces questions over tax rises after Reeves warns all must contribute

The Chancellor even faced calls from the Tories to resign if she goes ahead with raising taxes in the November 26 Budget.

The Independent UK

Firefighters issue urgent plea ahead of Bonfire Night

A union has highlighted a significant increase in fires across the UK in recent years

Evening Standard

Firefighters call for funding boost as they prepare for Bonfire Night

A union said the service had been pushed beyond limits.

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