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The Latest Breaking News from Rachel Reeves

Labour's plans to tax people's savings accounts explained

New legislation will see workers taxed directly from their pay packets

Evening Standard

UK housebuilders in focus as construction woes cloud outlook

Experts said Persimmon was among the builders fighting issues ‘outside of its control’ in the wider property sector.

The Independent UK

Rachel Reeves gives green light for tax crackdown on savings accounts

Banks will pass details to HMRC before tax is withdrawn straight from paypackets for some people

The Independent UK

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Voices: ‘The fairest way’ or a ‘political disaster’? Readers split on whether Reeves should raise income tax

YOUR VIEWS: Our community is split over whether raising income tax is the fairest way to plug Britain’s £50bn budget gap or a risky move that could harm growth and Labour’s political standing

The Independent UK

Voices: Myanmar’s bloody history can point the way to a future free of tyranny

COMMENT: By commemorating the ‘8888’ uprising of August 8 1988 – when Myanmar’s military regime turned its guns on thousands of peaceful protesters – we not only mark the past, but cast new light on the country’s decades-long struggle for freedom, says Benedict Rogers

The Independent UK

Business news live: Rachel Reeves in savings tax crackdown, mortgage lender launches new 3.8% offer

Stock market news and latest business and finance updates from Friday

The Independent UK

Reeves and Starmer to prepare ground for tax rises in a difficult autumn budget

Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levy

The Guardian - UK

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Dire economic crosswinds mean Rachel Reeves must raise income tax

THE INDEPENDENT VIEW: Editorial: Despite interest rates being brought to their lowest level in more than two years, a combination of meagre economic growth, high government spending and U-turns over proposed welfare cuts has trapped Labour in a fiscal straitjacket. But the chancellor must remember that good policy is good…

The Independent UK

Surge in household costs puts Reeves’s economic growth plan at risk

Labour prime minister Keir Starmer has pledged that plans to be set out in the Budget this autumn will ensure that ‘people feel better off’

The Independent UK

Interest rates: Why have they been cut and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

Evening Standard

Bank lowers UK interest rates but warns ‘uncertainty’ about future cuts

Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

Evening Standard

Reeves’ Nics hike stunting growth and pushing up food prices, Bank says

Higher labour costs in the food industry and supermarkets have pushed up costs for shoppers, the Bank of England said.

Evening Standard

Voices: Rachel Reeves won’t thank Gordon Brown for his tax advice

COMMENT: By advocating an increase in online gambling levies – not to help close the yawning fiscal gap, but to pay for the scrapping of the two-child benefit cap – the former prime minister has suggested that the moral case for higher spending outweighs the need for fiscal responsibility, says…

The Independent UK

UK interest rates slashed to lowest level in two years

UK interest rates have been cut to their lowest level since March 2023, despite the Bank of England predicting a sharp rise in inflation amid…

The National (Scotland)

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The National (Scotland)

FACT CHECK: Gordon Brown’s 'worse every day' warning on Scottish child poverty

“Gordon Brown warns child poverty in Scotland is getting 'worse every day' as he calls for UK Government action” ...

Evening Standard

Reeves leaves door open to gambling tax rise in autumn budget

The Chancellor said she was ‘deeply concerned’ about child poverty and the Government is taking evidence in a review of gambling taxes.

The Independent UK

Interest rates cut to 4% as UK inflation picks up

The cut came after the Bank’s rate-setting committee was forced to take a second vote for the first time in its history.

The Independent UK

UK hasn’t seen poverty like this for 60 years, says Gordon Brown in call to scrap two-child benefit cap

The former prime minister backed reforms to gambling taxes in order to generate the £3.2bn needed to scrap the cap

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news in one place.

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Evening Standard

Rachel Reeves should exempt defence pledge from budget rules, says Gordon Brown

The former chancellor said the commitment to spend 5% of GDP by 2035 should be treated as ‘exceptional’.

The Guardian - UK

Home Office reveals how people will be chosen to come to UK from France under ‘one in, one out’ scheme – as it happened

People will be chosen via three-stage process, with government expected to accept around 50 migrants a week when scheme starts

The Guardian - UK

Bank of England poised to cut interest rates

Quarter-point reduction expected, with City investors predicting a three-way split among rate setters

The Guardian - UK

The Guardian view on the London Stock Exchange: its struggles are symptoms of a broken growth model

Editorial: The chancellor and the CBI have plans for reviving the institution. Neither will tackle Britain’s pitifully low levels of business investment

The Guardian - UK

The gambling industry is a licence to print money. Tax it properly – and turbocharge the fight against child poverty

New thinking is urgent now. I have not seen such deep poverty since I grew up in a mining and textiles town blighted by unemployment, says former prime minister Gordon Brown

The Guardian - UK

Keir Starmer plays down warnings that taxes will have to be raised in autumn

PM says he doesn’t recognise some figures in independent forecast that projects £51bn shortfall in public finances

The Independent UK

Voices: What would it take for you to work for Mark Zuckerberg?

COMMENT : As a computer scientist’s ‘no thanks’ to a billion-dollar pay package goes viral, James Moore says that when you’re already sought-after in a cutting-edge tech sector, there’s more to life than an eye-watering salary

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