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Rachel Reeves plots 'unprecedented' £40bn tax rises

The Independent on MSN · 25m

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

GB News on MSN · 1d

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,

The Irish News (US) on MSN · 1d

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’.

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,

The Financial Times · 21h

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.

1hon 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 ...

7hon 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 ...

5hon 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 ...

8hon 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 MSN5h

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, ...

45m

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 ...

4hon 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 ...

10hon MSN

Autumn Budget: Which taxes will Rachel Reeves hike?

With the Autumn Budget less than two weeks away, speculation about which taxes Chancellor Rachel Reeves will opt to raise has ...

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