The Business Times

Rachel Reeves

International

UK’s Reeves comes back for more tax to bolster finances

Britain's Chancellor of the Exchequer Rachel Reeves has announced sweeteners such as above-inflation rises to the minimum wage and pensions, along with freezes on rail fares and prescription charges ahead of the budget.
International

UK to unveil tax-raising budget

Britain's Chancellor of the Exchequer Rachel Reeves looks set to raise taxes by tens of billions of pounds for the second time since the election to stay on track to meet her borrowing targets.
International

UK employers tell Reeves to take ‘hard choices’ on budget

Reeves has maintained that she needs to show the markets that the UK government is fiscally prudent and needs to raise £30 billion to balance the books.
International
NEWS ANALYSIS

All eyes on UK’s Reeves and her tax moves at Nov 26 Budget

British PM Keir Starmer and finance minister Rachel Reeves scrapped earlier plans to raise income tax rates due to concerns the move would anger voters and deepen tensions with discontented Labour lawmakers, the report said.
International

UK’s Starmer, Reeves ditch budget plan to increase income tax rates: FT

Last year, British finance minister Rachel Reeves imposed a big tax rise on employers’ social security contributions to raise money for infrastructure spending, which hurt business confidence.
International

UK’s CBI tells Reeves to break tax promises and build fiscal headroom

The National Institute of Economic and Social Research said British finance minister Rachel Reeves should build £30 billion (S$52.3 billion) of margin for error against economic shocks, up from £10 billion at her last budget.
International

UK needs big tax rises to avoid second Liz Truss episode: think-tank

Britain's budget watchdog is expected to downgrade its productivity forecasts for the economy, which in turn means finance minister Rachel Reeves will need to tax more or spend less to hit a goal of a balanced budget excluding investment spending by 2029/30.
International

UK finance minister says she will prioritise ‘fairness’ amid tax rise talk

In a letter to British Prime Minister Keir Starmer (left) late on Wednesday, Rachel Reeves (right) admitted she had failed to obtain the required “selective” rental licence for her south London home when she moved into her Downing Street residence after Labour won power in July 2024.
International

Starmer backs finance minister after housing rules breach

The new Office for Investment: Financial Services will seek to attract investment to cities around Britain, finance minister Rachel Reeves said.
International

UK opens new concierge service in bid to woo more finance investment

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