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The Latest Breaking News from Rachel Reeves

Income tax hike of at least 2p likely needed to plug Budget hole, warns Niesr

The economic think tank said the Chancellor needed to make ‘brave choices’ at the upcoming November 26 Budget.

Evening Standard

UK economy ‘bleeding out’ with brain drain in science and tech, peers warn

The Science and Technology Committee said Britain should be ‘rolling out the red carpet rather than red tape’ for highly skilled professionals.

Evening Standard

Tories call for workers rights Bill to be thrown out as it returns to Commons

The Bill is aimed at bolstering the rights of workers, including by extending a host of protections to workers from the first day they start a job.

Evening Standard

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Reeves considers cut to green levies in effort to reduce cost of energy bills

Exclusive: Chancellor hopes to save up to £170 from average bill but industry insiders say move would be ‘disastrous’

The Guardian - UK

The Guardian view on Rachel Reeves’s speech: gambling on a mirage of stability

Editorial: The chancellor’s bid to appear fiscally credible hides a deeper weakness: a growth model built on private debt and political theatre, not real economic renewal

The Guardian - UK

Our hapless chancellor has finally run out of wiggle room

THE INDEPENDENT VIEW: Editorial: Rachel Reeves has asked each of us to ‘do our bit’ as she prepares to break her party’s manifesto pledge and raise income tax – but it is now clear that she has made the bad situation she inherited worse

The Independent UK

Prospect of breaking 50-year income tax taboo shows scale of Reeves’s challenge

The chancellor appears to believe voters will forgive a broken promise in return for meaningful investment

The Guardian - UK

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University still pays off – even in lower-wage Britain

In the upcoming budget, Chancellor Rachel Reeves is expected to raise the minimum wage to £12.70 an hour: £26,416 annually for a full-time job. This means that the gap between salaries for minimum wage jobs and those for professional jobs that require a degree is shrinking fast.

The Conversation

Tax rises shouldn’t be taxing for Reeves

The Guardian - UK

Stocks mixed and pound dips amid Budget tax hints

The FTSE 100 Index closed up 13.59 points at 9,714.96.

Evening Standard

Susanna Reid and Lorraine Kelly mock Rachel Reeves for 'bonkers' Downing Street Budget speech

Rachel Reeves put Britain on notice for higher taxes saying ‘we will all have to contribute’ to the country’s economic future in a speech on Tuesday

Evening Standard

Reeves wants to talk about the budget, but she’s taken a vow of white noise

Exclusive: It must be tough overseeing Schrödinger’s economy, fixing the foundations while also failing to fix them

The Guardian - UK

Tory MP warns that the full English breakfast is at risk under Labour

Mark Pritchard said that the government ‘would not be forgiven’ for removing the British staple from high street

The Independent UK

Reeves puts country on notice for tax hikes as ‘each of us must do our bit’

In a pre-Budget speech, Rachel Reeves said: ‘If we are to build the future of Britain together, we will all have to contribute to that effort.’

Evening Standard

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The Guardian - UK

Three weeks till budget day – and now Rachel Reeves is ‘being honest’ about tax

The chancellor is levelling with us about the pain to come. Is there anyone outside Planet Rachel who couldn’t see that truth two years ago, asks Guardian columnist Marina Hyde

The Independent UK

Economists urge Reeves to make ‘difficult’ choices to boost market confidence

Experts said the Chancellor should prioritise bringing down Government borrowing costs.

The Conversation

Tax rises and benefit cuts are on the horizon as Reeves prepares the UK for a bad-news budget

The UK chancellor, Rachel Reeves, has made it clear that taxes will go up, and more cuts to welfare spending are on the horizon. The moves will be deeply unpopular and controversial – but in an extraordinary press conference ahead of the UK budget on November 26, Reeves made it…

Evening Standard

‘Wait and see’ if Reeves ups income tax but I will cut it in Scotland – Sarwar

The Scottish Labour leader said taxes set by the Scottish Government are ‘too high’.

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The Guardian - UK

Reeves aims to prepare voters and markets for possible budget tax rises

Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffs

The Independent UK

Kemi Badenoch brands Rachel Reeves’ pre-Budget speech ‘one long waffle bomb’

Tory leader accused Labour of being ‘hypocritical’ for asking the public ‘to tighten their belts’

Evening Standard

Government has given up trying to ‘live within its means’, claims Badenoch

The Tory leader accused Labour of being ‘hypocritical’ for asking the public ‘to tighten their belts’.

The Independent UK

Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

The Independent UK

Former minister issues extraordinary apology for trusting Israel over killing of Palestine’s ‘angel of mercy’

Exclusive: Alistair Burt admits he ‘should have been more bold’ in calling out Israel over the death of a 21-year-old paramedic, who was shot dead near the Israel-Gaza border while rushing to treat a wounded man

The Independent UK

Voices: Income tax rises or fairer reforms? Join The Independent Debate on the Budget choices facing Rachel Reeves

THE INDEPENDENT DEBATE: As Rachel Reeves prepares her first Budget and warns of ‘painful decisions’ ahead, debate is growing over whether she should raise taxes to fix the public finances or find fairer, alternative ways to boost revenue. Now it’s time to have your say...

Evening Standard

UK government bonds rally but pound falls further after Reeves speech

The Chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation.

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