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The Latest Breaking News from Rachel Reeves

Barclays joins rival in cautioning against hiking bank taxes

The lender’s boss said raising taxes for banks and other important sectors was not consistent with the Government’s pro-growth aims.

The Independent UK

Rachel Reeves’s ‘save less to invest’ policy could be brilliant for ordinary Britons – or a disaster

People know about savings. But investing in stocks and shares? Not so much. Ministers have a duty to be clear about the benefits and risks, says Hilary Osborne, the Guardian’s money and consumer editor

The Guardian - UK

Tin mining to return to Cornwall after Reeves makes £29m investment

Reopening of South Crofty mine, which closed in 1998, could create 1,300 jobs for region

The Guardian - UK

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Reeves to visit Cornish tin mine due to be revived

The Chancellor said the £28.6 million National Wealth Fund investment to Cornish Metals could create up to 1,300 jobs.

Evening Standard

Starmer and Reeves should prepare UK for wealth tax, say top economists

PM could raise ‘tens of billions’ while positioning Britain as progressive, say Thomas Piketty and others

The Guardian - UK

UK is stuck in a ‘debt doom loop’, says top investor

Hedge fund chief Ray Dalio warns over public finances, saying Britain will be forced into spending cuts and tax rises

The Guardian - UK

How to stop the listings exodus that's blighting the City

Rachel Reeves has called for an end to the negativity that has seen millions of British families prioritise low-risk, low-return savings over higher-risk, higher-return investments.

Evening Standard

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UK gambling industry launches summer charm offensive to head off tax rise

Exclusive: Lobbyists meet with ministers, and host a darts night with Labour advisers and MPs’ staff

The Guardian - UK

Time over for banker remorse? Labour must beware relying on the City for economic growth

Financial crisis of 2008 should not be forgotten as reinflation of banking industry could hurt other priority sectors

The Guardian - UK

Voices: We can’t afford to let London’s ‘golden postcodes’ go to the wall

COMMENT: A slowdown at the top end of London’s property market is the latest indicator that individuals with a high net worth are hedging their bets on Britain, says Knight Frank’s Simon Gammon. The government can no longer bank on a globally minded minority to fund massive imbalances in taxing…

The Independent UK

Ministers seek to overhaul rules to make it easier to open pubs and music venues

The government wants to make it easier to convert disused shops into venues

The Independent UK

Music venues subject to noise complaints to get ‘greater protection’

New government measures will also require developers to soundproof flats and apartments near existing venues

The Guardian - UK

Ministers want to overhaul rules to make it easier to open pubs and music venues

The Government wants to make it easier to convert disused shops into venues.

Evening Standard

Free childcare crisis as surge in demand leaves Labour with funding black hole

Exclusive: Education secretary Bridget Phillipson insists she is unafraid of scheme’s soaraway popularity, describing it as a ‘good problem to have’

The Independent UK

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The Independent UK

Voices: There won’t be a wealth tax – but Rachel Reeves can’t afford to rule it out just yet

INSIDE WESTMINSTER: A war is raging within government circles about the wisdom of placing a levy on individual assets, a measure that the chancellor rejects as anti-growth – but she can’t yet risk angering Labour backbenchers who remain in a mutinous mood, says Andrew Grice

The Independent UK

Watch: Reeves backs Trump visit to Scotland ‘in the public interest’

Chancellor Rachel Reeves says Donald Trump’s upcoming visit to Scotland is “in the public interest.”

Evening Standard

Cabinet ministers urged to ensure contracts go to firms that boost British jobs

Rachel Reeves and Pat McFadden have written to colleagues, urging them to help deliver more British jobs.

The Guardian - UK

Reeves should consider ending pension triple lock and charging for NHS treatment, says IMF

Chancellor is advised to give herself more leeway in the next budget before adjusting taxation or spending

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Evening Standard

Business Secretary dismisses idea of ‘magic wealth tax’ as ‘daft’

Wales’s First Minister Baroness Eluned Morgan has called for a wealth tax.

Evening Standard

Chancellor faces fiscal risks and ‘significant challenges’ amid trade war – IMF

The IMF said the UK’s ‘limited’ so-called headroom on its public finances could see plans thrown off course.

The Independent UK

Starmer rejects call to imminently recognise Palestinian state despite ‘overwhelming pressure’ from MPs

Prime minister faces growing demands to recognise a Palestinian state immediately amid mounting global anger over the starving population in Gaza

Evening Standard

Scenes of starving people in Gaza ‘deplorable’, says Reeves

Rachel Reeves said the Government’s focus was on getting aid in to Gaza, rather than Palestinian statehood.

The Independent UK

Reeves will have to ditch key party manifesto pledge, IMF warns

IN FULL

The Independent UK

Reeves will have to raise taxes, charge for the NHS or ditch pensions triple lock, warns IMF

The International Monetary Fund praised Rachel Reeves’s overall strategy but warned that her lack of fiscal headroom will leave her with hard choices

The National (Scotland)

Donald Trump Scotland visit is 'in national interest', says Rachel Reeves

Rachel Reeves has claimed Donald Trump's visit to Scotland is "in the national interest" ...

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