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The Latest Breaking News from Rachel Reeves

FTSE 100 Live 29 August: Tax raid fears hit banking shares, US inflation data in focus

FTSE 100 banking stocks are under pressure after a think tank urged Rachel Reeves to consider tax raid on major firms such as Barclays, Lloyds and NatWest.

Evening Standard

Asda chairman issues inflation warning to Rachel Reeves

IN FULL

The Independent UK

OPINION - Landlord woes - how a nightmare tenant turned my lovely flat into a cannabis factory

The beginning of the end came early one Saturday morning. We were sitting in the departures zone at Stansted airport, waiting to board a red-eye flight for a family birthday reunion early last year. But something was wrong with our bank account. One of our tenants had just paid his…

Evening Standard

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Windfall tax on banks could recoup QE losses and raise £8bn a year, IPPR says

Hiking a levy on the profits of major firms could raise up to £8 billion a year for public services, the IPPR said.

The Independent UK

Windfall tax on banks could raise £8bn a year, Rachel Reeves told as she seeks to plug Budget black hole

This money is then partly being funnelled to bank shareholders due to a ‘flawed’ policy design, a new report says

The Independent UK

Treasury should tax big banks on quantitative easing windfalls, argues thinktank

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year

The Guardian - UK

Asda boss urges Rachel Reeves to ‘stop taxing everything’

Allan Leighton advises chancellor to not launch new tax raid in upcoming budget but invest in Britain if she wants to grow the economy

The Independent UK

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Terry Wogan’s son fumes ‘not one person’ has viewed dad’s £3.75m mansion since it went on market

Mark Wogan blamed the lack of interest on Rachel Reeves for ‘killing off the housing market’

The Independent UK

The 100 sexiest Londoners: Central Cee, Simone Ashley and Rachel Reeves' secret whizz kid

Actors! Models! Royals! Singers! Oh — and the Chancellor’s special adviser. Joe Bromley rounds up the city’s most smouldering hotties

Evening Standard

Judges to rule on Epping hotel injunction on Friday – as it happened

Home Office and Bell Hotel owner are challenging high court injunction granted last week to Epping council

The Guardian - UK

Treasury ‘considering taxing landlords’ rent’ to raise £2bn

Proposals for autumn budget would mean expanding national insurance to include rental income

The Guardian - UK

Kirstie Allsopp accuses Rachel Reeves of running economy 'like Baldrick' as Chancellor plans 'tax raid on landlords'

Proponents of the tax say landlords have been seen as a way of targeting ‘unearned revenue’

Evening Standard

Reeves ‘eyes tax hike for landlords’ with ‘rental national insurance’

Officials are said to be looking at proposals to hike a levy on property earnings in a bid to raise £2 billion.

The Independent UK

Reeves ‘plots tax raid on landlords’ to help plug £40bn Budget black hole

Chancellor considers applying national insurance to rental income, according to reports

The Independent UK

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Evening Standard

Terry Wogan's son rages over failure to sell dad's 'beloved' £3.75m mansion

Mark Wogan, 51, fumed that ‘not one person’ has been to view or make an offer on the stunning seven-bedroom home

The Independent UK

Voices: My son’s lucrative summer jobs should be a warning sign for British industry

COMMENT: It isn’t just that unemployment has hit an all-time high – up 500,000 since Keir Starmer took office – businesses are being stymied by hiring freezes, the hospitality sector is increasingly reliant on agency staff, and the number of NEETs is on the rise. Under Labour, Britain simply isn’t…

The Independent UK

UK supermarket to create hundreds of jobs after £435m investment

Chancellor Rachel Reeves praised the supermarket chain’s expansion as a ‘vote of confidence’ in the UK

Evening Standard

Lidl to create 500 jobs after £435 million investment in warehouses

Chancellor Rachel Reeves said Lidl’s investment in the warehouses in London and Leeds was a ‘vote of confidence’ in the UK.

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Evening Standard

All rise for the sexiest Londoner of 2025: Rachel Reeves advisor Neil Amin-Smith tops our ‘hot 100’ list

Neil Amin-Smith has been described as ‘the hottest SpAd in Westminster’

The Guardian - UK

More pain for Reeves as government borrowing cost nears 27-year high

Chancellor is urged to ‘get a grip’ on country’s finances as yield on 30-year bond rises to 5.62%

The Independent UK

Voices: Criticising Angela Rayner for buying a second home is the worst kind of snobbery

COMMENT: Why does buying a nice seaside flat make you the most slagged-off woman in Britain? Flic Everett knows the answer…

International Business Times UK

Revolut Slashes Lloyds' Share Price Hopes: Digital Banking Boom Risks Share Price Plunge

Revolut's push for a UK banking licence and 10m customers challenge Lloyds' share price, up 200% in 5 years

The Guardian - UK

Egg and butter prices drive up UK food inflation as households feel squeeze

Food inflation at 4.2% this month, with prices increasing at fastest pace for 18 months, says British Retail Consortium

Evening Standard

Labour needs to jump on the AI gravy train, not derail it

We can’t hope to be world leaders in tech without getting real on pay — and that means paying top talent the big bucks

The Guardian - UK

With tax speculation festering, Rachel Reeves needs to show her hand

The chancellor seems to be waiting for a clearer economic picture to emerge but that is not how government works

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