Tag: Reeves
Reeves Doesn’t Rule Out Future Labour Tax Increases
Fears of Future Tax Increases Loom as Reeves Dodges PledgeIn a recent turn of events, Labour's Rachel Reeves has sparked speculation with her refusal to confirm her recent promise not to repeat the substantial...
Reeves Vows to Cut Red Tape and Roll Back Post-2008 Regulation
Rachel Reeves, the Chancellor, has promised to reduce bureaucratic obstacles and reverse regulations put in place after the 2008 financial crisis. She believes that these regulations have hindered economic growth rather than eliminate risks...
Reeves Faces Backlash Over National Insurance Hike
Rachel Reeves is facing backlash over her decision to raise national insurance, causing concern among GPs, care homes, dentists, and hospices who are calling for exemptions from the charge. The increase in the employer...
Reeves Boosts Labour’s Post-Budget Poll Despite £40bn Tax Controversy
Support for Labour has increased despite the controversial Budget delivered by Rachel Reeves. According to the latest Techne UK tracker poll for The Independent, Labour's rating has risen to 30 per cent, the highest...
Reeves Urged to Compensate Miners by Union Leaders
The call for Chancellor Rachel Reeves to compensate miners involved in the strikes of the 1980s is gaining momentum, with trade union leaders putting pressure on the government to address this issue. This comes...
Impact of Budget Tax Rises on Wages vs. Long-Term Growth: UK Politics Update
Rachel Reeves, the Chancellor, faced questions about the impact of the budget on growth and wages during various media interviews following the release of the budget. Reeves defended her investment plans, stating that they...
Bosses React to Reeves’s Tax Rises: Impact on Hiring Decisions
Marie Cooper, the owner of CBE+ in Chesterfield, Derbyshire, had big plans to expand her engineering business next year, but those plans have been put on hold due to the increased taxes imposed by...
Reeves Promises Wealth and Opportunity for All in New Budget
Rachel Reeves has announced that the UK's national minimum wage will increase by 6.7% next year, exceeding expectations. This rise to £12.21 aims to support the low-paid workers and uphold Labour's commitment to aiding...
National Minimum Wage to Increase by 6.7% in April
The national minimum wage is set to increase by 6.7% in April, reaching £12.21 per hour. This decision by the chancellor will benefit over 3 million low-paid workers, with eligible full-time employees receiving a...
Reeves Stays Mum on New Freeports Despite Previous Promises
Chancellor Rachel Reeves is set to make an announcement in the upcoming Budget regarding the existing freeports rather than unveiling new ones, despite a previous press release from Downing Street hinting at the addition...
Investing £1.4 Billion to Improve Schools: Reeves’ Education Priority in Budget
Rachel Reeves has unveiled her plan to allocate £1.4 billion to revamp deteriorating schools as part of her commitment to prioritize education and childcare in the Budget. Additionally, funding for free breakfast clubs for...
Reeves Pledges Budget to Rival Labour’s Economic Milestones
The upcoming budget presented by Chancellor Rachel Reeves is anticipated to mark a significant moment in the history of Labour, with promises of substantial public and private investments in essential sectors such as hospitals,...
Labour Grandee Warns Reeves About ‘Very Worrying’ Tax Raid – Live Coverage
Lord Blunkett, a veteran Labour politician, has expressed his concerns about potential plans to raise national insurance on employers' pension contributions. In an article for The Times, Lord Blunkett emphasized that increasing national insurance...
Reeves Confirms Budget Reversal of UK’s Public Investment Cuts
Rachel Reeves has announced that she will reverse the massive cuts in public investment during the upcoming budget. She confirmed that the rules restricting her spending power will be changed to allow the government...
Starmer Reassures Businesses on Budget as Reeves Plans Debt Rule Change – UK Politics...
Good morning. Rachel Reeves, the chancellor, is set to reveal Labour's first budget next week. Budget announcements are now spread out over two weeks to avoid surprising the markets on the day. One of...
Reeves Announces Fiscal Rule Change, Unleashing £50bn for Spending
Rachel Reeves announced a significant change in Britain's debt rules during the International Monetary Fund meeting, which will allow the government to allocate up to £50bn for infrastructure projects. This move comes after weeks...
Maximizing Inheritance Tax Savings: What Brits Need to Know
Britons have seen an increase in inheritance tax payments, with £4.3bn collected in the first six months of the financial year, marking a £400m rise from the previous year. This has sparked concerns among...
Budget 2024 Update: Benefit Payments Decrease While Borrowing Rises, Impacting Reeves
Rachel Reeves is set to announce Labour's first Budget since taking office on 30 October, in one of the most anticipated fiscal events in over two decades. Leading up to her announcement, government borrowing...
Budget Update: Streeting Suggests Tax Rises Following NHS Funding Boost
Wes Streeting, a prominent figure in the Labour Party, has hinted at potential tax increases to address the significant budget gap in their spending plans. He mentioned the possibility of a tax raid on...
Reeves Proposes Stealth Taxes While Starmer Plans NHS Spending Surge
The upcoming election remains a close race, with both Trump and Harris vying for voters' attention. To cover the latest developments, independent journalists need your support. The Independent, a trusted news source for millions,...
Reeves’ Stamp Duty Plans Impact Budget 2024 with £3bn Benefits Cut
Rachel Reeves is set to announce Labour's first Budget in 15 years, which is highly anticipated. The Chancellor is looking to fill a £22 billion gap in public spending and is expected to make...
Reeves Suggests Increase in Employer National Insurance Amid Manifesto Breach Allegations
Rachel Reeves has strongly hinted at the possibility of increasing employer national insurance contributions in the upcoming budget, sparking allegations that Labour may be breaking its manifesto promises. The chancellor emphasized the need for...
Potential Risks of Reeves’s Borrowing Plan for Truss Mini-Budget Meltdown
The government is considering a change to borrowing rules that could potentially lead to market instability and a financial crisis similar to Liz Truss's mini-Budget meltdown. Financial experts have warned that the proposed plans...
Reeves to Continue Capital Spending Plans Despite Increasing Debt Costs
Rachel Reeves is moving forward with her plans to borrow billions more for infrastructure investments despite concerns about the increasing cost of UK government debt. She informed the cabinet about her intention to alter...
Unlikely Alliance of Private Schools and Unions Pushing for VAT Delay
An unexpected partnership has formed between private schools, trade unions, and tax experts to urge Rachel Reeves to postpone a tax increase on private education. Concerns are rising that implementing VAT on school fees...
UK Politics: Winter Fuel Payment Restrictions Due to £22bn Spending Shortfall
Rachel Reeves, the Chancellor, has made a significant announcement regarding winter fuel payments for pensioners. She stated that the payments will now be restricted to poorer pensioners, meaning that those not in receipt of...
Reeves Announces Cost-Cutting Plan to Address £20bn Deficit – Live Coverage
Chancellor Rachel Reeves is planning to address the £20 billion deficit facing the government by implementing immediate cost-cutting measures. She is expected to criticize the previous Conservative government for allegedly concealing the true state...
Reeves Attacks ‘Worst Inheritance’ to Support Spending Cuts – CityAM
Reeves criticizes what he calls the "worst inheritance" in order to justify proposed spending cuts. He argues that the current level of government debt is unsustainable and that tough decisions need to be made...