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The Latest Breaking News from Rachel Reeves

Rayner lawyers ‘made scapegoats’ and ‘did not give her tax advice’ on flat at centre of row: UK politics live

Angela Rayner said she was given inaccurate legal advice that led her to underpay tax when buying a flat in Hove in May

The Independent UK

Angela Rayner resigns LIVE: David Lammy becomes Deputy PM in reshuffle as MP quits cabinet over stamp duty scandal

Sir Keir Starmer carrying out major cabinet reshuffle after Angela Rayner’s dramatic departure

Evening Standard

Lloyds to put thousands of staff at risk of dismissal in performance drive

The banking group plans to change how it monitors the performance of its employees and manages staff turnover within the business.

Evening Standard

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Thousands of Lloyds Banking Group staff at risk of losing jobs in push for ‘high-performance culture’

The banking group plans to change how it monitors the performance of its employees and manages staff turnover

The Independent UK

Ministers defend Rayner in tax row as fresh property purchase details emerge

Sources close to the Deputy Prime Minister said she was given three separate pieces of legal advice before buying an £800,000 property in Hove.

Evening Standard

Wealth tax needed to help working people and avoid threat from Reform, says union chief

Exclusive: Paul Nowak says Rachel Reeves should ‘stay the course’ on plans for investment

The Guardian - UK

Starmer needs to show he is on the side of working people or Farage will become PM, warns Labour’s biggest backer

Ahead of the TUC congress next week, general secretary Paul Nowak has spoken to The Independent about why Keir Starmer’s government needs to introduce ‘popular’ wealth taxes in the Budget to combat Farage and Reform

The Independent UK

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The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes

Editorial: Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demand

The Guardian - UK

Reeves names last possible date for Budget as she eyes tax hikes to plug £40bn black hole

Sources tell The Independent the chancellor favours raising capital gains tax and introducing a gambling levy

The Independent UK

Rachel Reeves can’t resist the short-termist narrative of the bond markets

Letters: The idea of a fragile economy whose health is subject to very short-term events is false, writes Prof Saville Kushner, while Dave Hollis calls for taxes on polluters

The Guardian - UK

Stocks climb and pound firms as bond yields ease

The moves help ease some of the immediate pressure on Chancellor Rachel Reeves.

Evening Standard

Labour will ‘tax the living daylights out of your family’s future’, say Tories

Opening the Conservatives’ opposition day debate, Sir Mel insisted ‘nothing is safe from the tax man’ under Labour.

Evening Standard

Who could replace Angela Rayner as she resigns over stamp duty row?

Serving as both deputy prime minister and housing secretary, Angela Rayner’s resignation is a major headache for the prime minister. But who are the likely candidates to replace her?

The Independent UK

‘Unhelpful’ Budget date could delay Holyrood tax and spending plans to new year

Scottish Finance Secretary Shona Robison hit out after Chancellor Rachel Reeves confirmed she will outline her fiscal plans on November 26.

Evening Standard

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International Business Times

UK Govt Pledges To Keep Grip On Spending Ahead Of Budget

Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech.

The Independent UK

Watch live: Keir Starmer faces Kemi Badenoch at PMQs

Watch live as Sir Keir Starmer and Kemi Badenoch face off in Prime Minister Questions on Wednesday (3 September).

Evening Standard

Economy ‘not working well enough’, says Reeves as she sets November 26 Budget

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Evening Standard

UK Government bond sell-off eases after Budget date confirmed

Financial markets have been heavily focused on the upcoming Budget, with the sell-off in gilts largely down to worries over Britain’s public finances.

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Evening Standard

Chancellor Rachel Reeves admits economy 'is not working well enough' as she reveals Budget date

The Chancellor is facing pressure to steady the UK economy and plug a £41 billion black hole in public finances

The Independent UK

With Israel's offensive drawing close, Palestinians in Gaza City fear permanent displacement

With Israel promising a punishing new offensive, Palestinians in Gaza's largest city are paralyzed with fear

Evening Standard

Autumn Budget date set for November 26, Chancellor Rachel Reeves announces

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

The Guardian - UK

Rachel Reeves’s autumn budget will take place on 26 November

As the later-than-usual date is set, chancellor insists the economy ‘isn’t broken’ but ‘isn’t working well enough’

Evening Standard

Pressure on Chancellor ramps up as government bond sell-off deepens

Long-dated gilts hit fresh highs not seen since 1998 and the pound fell further amid worries over public finances in the UK and globally.

The Guardian - UK

BoE’s Bailey plays down surge in 30-year borrowing costs, and criticises Trump’s attacks on the Fed – as it happened

UK 30-year yields rose above Tuesday’s levels in early trading but have now dropped back

Evening Standard

Tories will challenge Government to rule out property tax hikes

Rachel Reeves is reportedly considering ending the exemption from capital gains tax for more expensive homes.

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