Rachel Reeves

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...

Above: Homes in London. Uncertainty over the Budget had led to an 8 per cent year-on-year drop in homebuyer demand in October.

UK housing demand seen recovering on clearer post-Budget outlook

Analysts expect pent-up demand to bolster the traditional spring selling season as buyers return to the market

Shares of UK’s biggest banks led the FTSE 100 index higher after Reeves’ announcement finally put to rest their fears that she would revive a windfall tax on bank earnings.

Bankers groan at UK tax rise even as lenders rally after Budget

New tax rates for dividends, property and savings income and a decision to tinker with the treatment of cash savings accounts added to the gloom

British finance minister Rachel Reeves says: “I am asking everyone to make a contribution, but I can keep that contribution as low as possible, because I will make further reforms to our tax system today to make it fairer and to ensure the wealthiest contribute the most."

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

Britain’s fiscal watchdog apologises after publishing Budget forecasts before finance minister delivers them in parliament

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.

UK to unveil tax-raising budget

[LONDON] Britain’s centre-left Labour government is set to unveil a tax-raising budget on Wednesday to curb debt and fund public services, while aiming to reassure financial markets and voters alike.

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.

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

Reeves is no longer expected to break an election promise by raising income tax