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The Latest Breaking News from Rachel Reeves

Starmer and Reeves should consider wealth tax, says former shadow chancellor

Anneliese Dodds urges government not to duck ‘big decisions’ in autumn budget

The Guardian - UK

Businesses issue urgent tax warning to Rachel Reeves

IN FULL

The Independent UK

Tax rises would force up prices for customers, retailers warn Reeves

There are growing questions over how the government will fill a black hole in the public finances at the next budget

The Independent UK

From analysis to the latest developments in health,
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Tax rises in autumn would force our prices up, retailers tell Reeves

Lobby group says shops have already had to put up prices and new increases would leave households struggling

The Guardian - UK

Bank of England governor blocks Rachel Reeves’s Revolut meeting

Concerns about chancellor’s involvement in independent process over fintech’s banking licence

The Guardian - UK

Gary Neville adds voice to business leaders’ condemnation of national insurance hike

IN FULL

The Independent UK

Gary Neville hits out at Rachel Reeves over national insurance hike

The former Manchester United star said the chancellor’s tax hikes were a ‘challenge’ for businesses

The Independent UK

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HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth

Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget

The Guardian - UK

Rachel Reeves and Andrew Bailey clash over blocked Revolut meeting – reports

The Bank governor scrapped a three-way meeting involving the Prudential Regulation Authority, the Treasury and the fintech firm.

Evening Standard

Britain set for minor boost as world economy growth forecast upgraded despite Trump tariffs

The IMF said the global economy would be more resilient than it expected in May

The Independent UK

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

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

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The Guardian - UK

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

Evening Standard

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.

The Guardian - UK

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

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news in one place.

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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 Independent 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 Guardian - 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

Evening Standard

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.

The Independent UK

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

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

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