Chancellor Rachel Reeves is reportedly considering a politically explosive income tax rise in next month’s Budget as she grapples with a multibillion-pound hole in Britain’s public finances, raising the prospect …
Rachel Reeves
News, speeches, and political commentary on Rachel Reeves — including her role as Labour’s Shadow Chancellor, economic plans, interviews, and party conference updates.
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EconomyMoney
Inflation Holds Steady at 3.8% as Transport Costs Surge But Food Prices Finally Fall
by Darren SmithInflation remained stubbornly stuck at 3.8 per cent for the 12 months to September 2025, defying expectations of a rise to four per cent but staying nearly double the Bank …
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Economy
Reeves Warned Against “Tax on Fun” as Betfred Threatens to Close 1,300 Shops and Cut 7,000 Jobs
by Darren SmithRachel Reeves was warned last night not to hit betting and holiday firms with a “tax on fun” at the Budget, as businesses threatened mass closures and price rises. If …
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EconomyNews
Rachel Reeves Confirms Tax Rises Coming in November Budget to Fill £30bn Black Hole
by Darren SmithChancellor Rachel Reeves has confirmed she is examining “further measures on tax” ahead of next month’s Budget, providing the clearest signal yet that British taxpayers face another round of tax …
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EconomyNews
UK Inflation to Remain Highest Among G7 Nations, IMF Warns as Food Costs Surge
by James CarterInternational Monetary Fund upgrades inflation forecasts for 2025 and 2026 whilst revising growth predictions as rising wage bills and poor harvests drive price pressures The United Kingdom will experience the …
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EconomyNews
Bank of England Governor Warns G20 of Looming Market Crash as Asset Prices Soar
by Tara WhitmanThe Governor of the Bank of England has delivered a stark warning to G20 finance ministers that the global financial system is vulnerable to shocks amid soaring asset prices and …
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EconomyMoney
Labour Edges Closer to Scrapping Two-Child Benefit Cap as Phillipson Drops Strongest Hint Yet
by Darren SmithA Cabinet minister has delivered the clearest signal to date that Labour is poised to axe the controversial two-child benefit cap, despite the Chancellor preparing another round of punishing tax …
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CarsLifestyle
Millions Set for £700 Payouts as Watchdog Unveils £8.2 Billion Car Finance Compensation Scheme
by Darren SmithMillions of British motorists could receive compensation averaging £700 each after the financial regulator announced plans to address what has been dubbed the “PPI on Wheels” scandal. The Financial Conduct …
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CarsLifestyle
Jaguar Land Rover Resumes Production After Devastating Month-Long Cyber Attack
by James CarterJaguar Land Rover is resuming some production this week as it begins its phased restart of operations following a devastating cyber attack. More than a month on from a cyber …
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Chinese fraudster Yadi Zhang admits money laundering as Chancellor Reeves reportedly eyes seized cryptocurrency to plug Treasury black hole A Chinese national has pleaded guilty to money laundering offences in …