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The Latest Breaking News from Rachel Reeves

Homes now ‘unaffordable’ for most people – even for some of the highest earners

Even the top 10 per cent of earners in London are priced out of affordable home ownership, latest national data shows, with the average house price in England over seven times higher than income

The Independent UK

Overbaked prices? What a Greggs sausage roll and Pret meal deal say about how much Britons will pay

Food inflation pushes consumers to the limits of what they are willing to spend, costing retailers sales

The Guardian - UK

Why a rare bat species could cost a council £4.3m

Lincolnshire County Council claimed it must build a £4.3m bridge and tunnel to protect bats as it begins road construction

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Tax rises ‘inevitable’, experts warn after borrowing soars in another blow for Rachel Reeves

Labour chancellor facing increasing pressure to rescue the UK’s troubled finances

The Independent UK

Ministers tell Environment Agency to wave planning applications through

Exclusive: Officials say they have been told to do as little as legally possible to prevent approvals for housebuilding in England

The Guardian - UK

FTSE 100 Live 19 September: Tax hikes loom after latest borrowing setback, pound falls

The highest August public sector borrowing figure since the pandemic today dealt a fresh blow to Rachel Reeves.

Evening Standard

UK borrowing hits five-year high for August at £18bn

Worsening public finances mean Rachel Reeves will almost certainly announce tax rises in November budget

The Guardian - UK

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Who sat next to whom at Trump’s Windsor banquet – and what does it tell us?

US president was next to Princess of Wales while Rupert Murdoch had the ear of Starmer’s chief of staff

The Guardian - UK

Winners and losers in UK industry from Donald Trump’s state visit

The PA news agency looks at which sectors seen strong US investment and which missed out.

Evening Standard

Bank’s interest rate vote and bond plans are little help to Reeves before budget

Holding borrowing rates and continuing bond sell-offs were widely expected but an alternative was available

The Guardian - UK

Bank of England governor says UK ‘not out of the woods’ on inflation, after leaving interest rates on hold – as it happened

BoE votes to cut its stock of government bonds at a slower pace over the next year

The Guardian - UK

Tax rises in, two-child limit out: what Resolution Foundation’s boss is urging Reeves before budget

Pensions triple lock should also go, says Ruth Curtice, a former civil servant who says it’s ‘nice to be allowed to say what you think’

The Guardian - UK

Labour is in a mess. Is there anything Starmer can do to turn things around? Our panel responds – part one

Over a year into power, Keir Starmer’s government is floundering. But it still has a large parliamentary majority and time on its side — here’s what it could do, says our first group of panelists

The Guardian - UK

Families in Britain are £20,000 worse off than 20 years ago, report warns

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

The Independent UK

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The Guardian - UK

The Guardian view on Labour and the economy: the legacy was grim but voters need hope, not excuses

Editorial: The prime minister and the chancellor are running out of time to convince their own MPs that they have a plan to turn things around

Evening Standard

More than half of Londoners would be hit by rumoured annual property tax

The potential introduction of a national property tax on homes above £500,000 would equate to a ‘tax on London’, says Marc von Grundherr at Benham and Reeves

Evening Standard

UK's productivity forecast to be downgraded sparking tax rise fears in Chancellor's upcoming Budget

Treasury officials are anticipating that the blackhole in the UK’s finances could amount to £30billion

Euronews

UK inflation remains nearly double the target before BOE rate decision

Stubbornly high inflation has been one of the reasons why the Labour government's poll ratings have fallen sharply since it came to power in July 2024.

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Evening Standard

Britain's biggest housebuilder warns late Budget increases risks for the sector

Rachel Reeves will not deliver her set piece statement to the Commons until November 26

The Independent UK

UK inflation remains nearly double target ahead of expected interest rate hold

Inflation in the U.K. held steady at 3.8% in the year to August, a day before the Bank of England is widely expected to keep interest rates on hold

The Guardian - UK

UK inflation holds steady at 3.8% as fuel prices offset falling air fares

Annual August rate released as Bank of England considers holding interest rate at 4% to tackle rising prices

The Guardian - UK

New headache for Rachel Reeves as OBR expected to lower productivity forecast

Weaker growth outlook would set chancellor on course to break her fiscal rules without significant action in budget

The Guardian - UK

‘Our plans could be derailed’: family firms say Labour tax rises will force fire sales

Manufacturers say new rules on passing on assets threaten investment and future survival of businesses

The Independent UK

Fears for UK’s pubs and restaurants as hospitality hit hardest by job cuts

The industry could lose up to 111,000 job losses in little more than a year, warns trade body UKHospitality

The Fashion Central

Trump Touts US-UK Nuclear Agreement While Chasing Headlines on His Visit

A new US-UK nuclear agreement is being hailed as the start of a “golden age of nuclear” with fresh investment and thousands of jobs promised for Teesside.

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