All news on the topic: Rachel Reeves

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Chancellor faces £30 billion black hole as Treasury debates how to balance Britain’s finances
Rachel Reeves is considering raising income tax in the Budget despite Labour’s manifesto pledge to leave it untouched, reports claim.
721
Rachel Reeves eyes £2bn levy on professionals as debt hits £2.9 trillion
Rachel Reeves was planning another tax raid on the middle classes last night – despite warnings she needs to cut state spending to prevent the economy from ’spiraling out of control’.
852
Rachel Reeves insists “no recession” ahead despite Bank of England warnings
Chancellor Rachel Reeves has insisted there is "no recession" on the horizon, despite dire economic warnings from the Bank of England and the IMF.
789
Sharp rise in youth Neet rates puts Labour’s minimum wage pledge under pressure
Labour has been urged to break a manifesto pledge to scrap youth rates of the minimum wage amid a dramatic rise in the number of young people out of work and education.
628
Buyers and sellers hit pause as Rachel Reeves weighs new property taxes
The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.
755
Business leaders warn Rachel Reeves against new tax hikes, saying jobs market is “on a cliff edge”
Rachel Reeves has been cautioned that imposing further tax hikes on employers in next month’s Budget would batter the jobs market, with confidence already "in free fall".
836
Pro-Brexit figures accuse Rachel Reeves of using Brexit to explain UK economic troubles
Pro-Brexit supporters have branded Chancellor Rachel Reeves a "complete fraud" for linking the UK’s economic problems to its exit from the European Union.
711
IMF warns UK will face highest inflation in G7 as Rachel Reeves battles growing economic crisis
Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.
866
Labour MPs urge Rachel Reeves to scrap ‘outdated and unfair’ council tax
More than a dozen Labour MPs have written to Rachel Reeves urging her to abolish council tax, as the chancellor faces growing pressure to revamp Great Britain’s property taxes in the next month’s budget.
705
Rachel Reeves may raise taxes or cut spending to strengthen fiscal rules
British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month’s budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported.
647
FCA unveils £8.2bn redress scheme for unfair car loans affecting 14 million consumers
Millions of consumers could be eligible for £700 payouts after the City watchdog outlined compensation plans for the car finance scandal.
636
Trump administration’s $100,000 H-1B visa fee plan drives foreign talent toward the UK
The Trump Administration has announced a crackdown on the H1-B visas that U.S. firms have historically used to bring foreign talent into the country.
748
Labour conference overshadowed by resignations and leadership manoeuvres
Keir Starmer has walked off the stage after wrapping up a speech some had billed as the most important of his political life.
770
Reeves reaffirms no tax rise for workers but eyes VAT changes
On Monday, the Chancellor insisted she will uphold her pledge not to raise taxes on “working people” in her upcoming Budget, but left the possibility open for changing VAT rules to enhance Treasury funds.
838
Jaguar Land Rover secures £1.5bn support package after cyber attack halts production
Jaguar Land Rover has been handed a £1.5 billion government-backed loan to shore up operations after a major cyber attack forced the carmaker to halt production at its UK factories
1030
UK pension cash withdrawals hit £70bn amid budget rumours
Older savers should avoid making rash decisions about their pension cash based on "fear and rumour", experts urged this week.
739
Government explores measures to reduce energy bills ahead of budget
Rachel Reeves is formulating plans to lower household energy bills as part of an economic overhaul.
679
Labour’s economic plan under scrutiny ahead of second budget
Rachel Reeves has announced the latest possible date for her second Budget in an effort to salvage Britain’s dire public finances.
647
Liz Truss blames Bank of England for market chaos: ’I wasn’t captain of the ship’
Liz Truss has asserted that the Bank of England was in control during her tenure as prime minister.
746
Sterling slumps as investors lose confidence in UK’s fiscal plans
The value of the pound experienced its largest single-day drop in months as the cost of 30-year government borrowing reached its highest rate since 1998.
743
Keir Starmer holds first Cabinet meeting since reshuffling as Labour confronts economic and migration challenges
Sir Keir Starmer will convene his Cabinet for its first meeting following a major overhaul of his Downing Street team, as he aims to refresh his Government after a challenging summer.
767
Starmer’s new budget adviser backed wealth taxes on inheritance, land, and property
Sir Keir Starmer’s new budget adviser has previously advocated for more wealth taxes on inheritance, land, and property.
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Rachel Reeves considers ‘stealth tax raid’ to fill £50bn gap in UK finances
Chancellor Rachel Reeves is arranging a ’stealth tax raid’ on workers in the upcoming budget as she aims to address a £50 billion shortfall in public finances, according to a report.
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Rachel Reeves considers introducing tax on sale of family homes
Rachel Reeves is formulating plans to impose capital gains tax on the sale of family homes, potentially impacting pensioners who wish to downsize, it has been revealed.