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Rachel Reeves plots 'unprecedented' £40bn tax rises
Budget 2024 latest: Rayner among MPs pleading with Starmer to step in as Reeves’ ‘£40bn target’ looms
Rayner among MPs pleading with Starmer to step in as Reeves’ ‘£40bn target’ looms - Value of pound has fallen after this morning’s announcement
Rachel Reeves plots 'unprecedented' £40bn tax rises as Budget looms
Chancellor Rachel Reeves is looking into implementing up to £40billion in tax rises and spending cuts in the upcoming Budget, as the Government aims to avoid a return to austerity. The Treasury has identified a larger funding gap than previously reported,
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
The Chancellor told ministers on Monday that plans to fill a £22 billion black hole would be enough only to ‘keep public services standing still’.
Rachel Reeves’s invidious choices in Budget
Rachel Reeves’s invidious choices in the Budget
As the FT’s chancellor game shows, the new ‘golden rule’ is her binding constraint. Meeting it could bolster fiscal credibility
Reeves Faces Cabinet Unease Over £40 Billion Hunt for Budget
Reeves warns of ‘difficult’ tax choices at the Budget
Rachel Reeves has warned of “difficult” tax choices coming up at her first Budget at the end of the month. The Chancellor told a meeting of Sir Keir Starmer’s political Cabinet that it would take more than just one Budget to fix the public finances as she signalled harsh spending,
Reeves, Starmer
Ministers complain to Starmer over spending cuts
But there are fears that steep spending cuts will also be needed to meet what Whitehall sources have suggested is a £40bn funding gap. In what some say is an unusual move, ministers from hard-pressed departments are calling for a last minute rethink of the Budget,
Starmer and Reeves face down cabinet revolt over spending cuts
Prime Minister Sir Keir Starmer on Wednesday joined forces with chancellor Rachel Reeves to face down a cabinet revolt over plans for “grim” curbs to public spending next year. Reeves has faced resistance from a number of ministers over her plan to rein in public spending in 2025-26,
Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts
Sir Keir Starmer is facing a backlash from Angela Rayner and his cabinet over “huge” cuts to departmental spending to be unveiled in Rachel Reeves’ Budget. The prime minister has received letters from senior ministers raising concerns about the spending cuts after a number spoke out against the measures at Tuesday’s cabinet meeting.
59m
on MSN
Rachel Reeves achieves what no other Chancellor has - but she won't want to hear it
It is another 12 days before Rachel Reeves is due formally to announce the bad news to millions of earners, savers and ...
7h
on MSN
Rachel Reeves set to raise capital gains tax rate on sales of shares in Budget
Rachel Reeves set to raise capital gains tax rate on sales of shares in Budget - Budget reforms will not increase the rate on ...
5h
on MSN
Rachel Reeves warned a capital gains tax hike could trigger a market sell-off
Investors could begin offloading stocks ahead of the Budget this month amid rumours the Chancellor is preparing to hike the ...
8h
on MSN
Forget tax, there’s a worse way Rachel Reeves could derail your retirement
As we wait with bated breath to discover whether our pensions will evade any kind of tax raid from the Chancellor, it is ...
GB News on MSN
5h
Rachel Reeves's plans torn apart as Chancellor receives letter demanding Royal Family action
Rachel Reeves, Chancellor of the Exchequer, has received a letter from Republic, an anti-monarchy not-for-profit company, ...
42m
Keir Starmer and Rachel Reeves are making one key mistake on economy
The yawning chasm between lofty rhetoric and grubby reality is a prime reason for the public’s disillusionment with our ...
4h
on MSN
How Rachel Reeves was forced to abandon her attack on landlords
Millions of retirement plans were left hanging in balance when rumours suggested Labour was plotting a punitive tax raid on ...
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