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The Latest Breaking News from Rachel Reeves

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…

The Conversation

‘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’.

Evening Standard

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 Guardian - UK

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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’.

Evening Standard

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’

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

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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...

The Independent UK

Budget: Pound plummets after Reeves hints at tax rises – but government bonds rally

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

The Independent UK

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.

Evening Standard

Reeves prepares for tax rises in Budget as global and domestic pressures bite

The Chancellor suggested ‘we will all have to contribute’ to building a new future for Britain.

Evening Standard

Budget 2025: Rachel Reeves signals tax rises and warns ‘each of us must do our bit’

Chancellor warns ‘we will all have to contribute’ to fixing Britain’s public finances

The Independent UK

Watch in full: Rachel Reeves makes major pre-Budget speech

Watch as Rachel Reeves set out her economic priorities in a pre-Budget speech on Tuesday (4 November).

The Independent UK

I hope Rachel Reeves does raise income tax – there’s a way she can do it fairly

The chancellor might need to break manifesto pledges and a 50-year taboo, but she has a chance to steer UK finances back on track, says Ruth Curtice of the Resolution Foundation

The Guardian - UK

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The Guardian - UK

Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – as it happened

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax rises

The Guardian - UK

Pound hits lowest since April as investors anticipate budget tax rises; markets hit by AI valuation jitters – as it happened

Sterling drops against dollar as chancellor’s speech is taken as a sign that taxes will rise in the budget, and interest rates may fall faster

The Independent UK

Hegseth praises South Korea's plans to raise its military spending and boost defense capabilities

U.S. Defense Secretary Pete Hegseth has praised South Korea’s plans to raise its military spending, saying the Asian ally will take a larger role in defending itself from North Korean threats

Evening Standard

Rachel Reeves speech LIVE: Chancellor accused of 'waffle bomb' as she rolls ground for Budget tax rises

Rachel Reeves has said the Budget will focus on ‘getting inflation falling’ and ‘creating the conditions for interest rate cuts’

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The Independent UK

Rachel Reeves speech latest: Chancellor has ‘no regrets’ if Labour breaks promise not to raise taxes in Budget

In recent weeks No 10 has repeatedly refused to re-commit to Labour’s manifesto pledges

The Guardian - UK

Tuesday briefing: Why Labour won’t press the ‘big red button’ to lift 450,000 children out of poverty

In today’s newsletter: The Labour Party recently sounded resolute in its intention to cut the two-child benefit cap. But against an ugly fiscal backdrop, the chancellor may be having second thoughts

Evening Standard

Threat of income tax rise grows as Rachel Reeves gives clear sign she will break Labour manifesto pledge

Chancellor rolls ground for tax rises in unusual pre-Budget speech at Downing Street

The Guardian - UK

Reeves to lay groundwork for tax rises in ‘candid’ speech about budget

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breach

The Independent UK

Reeves to promise ‘fairness’ in Budget as income tax hike speculation mounts

No 10 repeatedly refused to say whether Labour’s manifesto pledge not to raise income tax still stands.

The Independent UK

Rachel Reeves to pave way for tax rises in pre-Budget speech

Chancellor’s address to come after weeks of expectation management as she scrambles to fill £50bn black hole

Evening Standard

Sir Keir Starmer warns of ‘tough but fair’ decisions in Budget

The Prime Minister said ‘hard and serious’ choices were needed to fix Britain’s financial woes.

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