Rachel Reeves

UK budget rules should seek to lower debt, parliament committee says

Britain’s public sector net debt has risen from 61 per cent in 2009/10 to 95 per cent of GDP by 2025/26

Chancellor Rachel Reeves has highlighted the need to bring down debt costs as she tries to keep her budget plans on track to balance day-to-day spending with tax revenues by the end of the decade.

Britain’s deficit narrows but fuel duty fall points to Iran war drag

Government borrowing in 12 months to end-March is equivalent to 4.3% economic output; gap of £132 billion is £700 million less than most recent official forecast

British Chancellor Rachel Reeves has voiced frustration over the lack of a plan from the US and Israel to deal with Iran’s closure of the Strait of Hormuz.

UK’s Reeves to set out plan to help businesses with energy costs

[LONDON] British finance minister Rachel Reeves will set out her approach to helping businesses struggling with high energy prices later this week in the wake of the ongoing conflict in Iran, she said...

A low-key speech would represent a contrast to Rachel Reeves’ three previous fiscal events in which she took the tax burden to its highest since shortly after World War Two.

Reeves set for careful UK budget update as Iran conflict alarms investors

Reeves says she will make major fiscal policy changes only in her full budget statements in the autumn

Britain's Chancellor of the Exchequer Rachel Reeves raised taxes in November by another £26 billion to reassure jittery bond markets – more than doubling the margin for error against her fiscal rules.

UK deficit falls more than expected as tax revenues jump

The deficit was £7.1 billion less than a year earlier

Retail sales in the UK dropped more than expected in October as consumers reined in spending ahead of the Budget.

UK economy shrinks again in October ahead of Budget tax hikes

Speculation that taxes will be raised weighs heavily on households, which power roughly 60% of the economy

Above: Homes in Guildford, 44 km south-west of London. The average home value increased 0.3% to £272,998 in November, suggesting that the housing market is holding up.

Rising UK house prices defy Budget tax fears, mortgage-lender Nationwide says

As buying activity was held off ahead of the Budget, prices may rise in the coming months: Capital Economics

On Sunday, Reeves said that boosting that fiscal buffer – which would have been very thin by historical standards – was her main concern, and required her to deliver a tough message to the public.

UK's Reeves says she did not mislead public on the Budget

In a speech on Nov 4, she appeared to lay the groundwork to raise income tax rates, citing a “weaker than previously thought” productivity performance

Respondents to a YouGov survey conducted after Wednesday’s statement said they saw it as unfair rather than fair by a margin of 48 per cent to 21 per cent.

Reeves’ UK budget calms markets and party but leaves Britons unhappy

[LONDON] Britons reacted overwhelmingly negatively to Chancellor of the Exchequer Rachel Reeves’ budget, suggesting little relief for the Labour government’s slumping popularity.

Billionaires such as Checkout.com founder Guillaume Pousaz and Revolut chief executive officer Nik Storonsky have already exited the UK amid the scrapping its non-dom system that allowed tax breaks on overseas wealth for as long as 15 years.

Britain tries to fix its frayed relations with world’s rich

TECH billionaires, the owners of Premier League football teams and heirs to some of Europe’s oldest fortunes all recently left the UK because of higher taxes. Now, Britain’s finance minister is quietl...