The Business Times

Rachel Reeves

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

Rachel Reeves - despite raising taxes by about £40 billion (S$69.2 billion) in her first budget last year - is probably £22 billion off course to meet her rule that day-to-day spending is in balance with tax revenues by the end of the decade, the IFS estimated.
International

UK’s Reeves should go big on tax increases in November, think tank says

On Monday, British finance minister Rachel Reeves will announce that every young person who receives Universal Credit benefit payments for 18 months without “earning or learning” will be guaranteed an offer of paid work, although it was not immediately clear what work this would be.
International

Britain’s Reeves set to guarantee jobs for young unemployed

Shoppers walk past Harrods department store in London, UK, on Wednesday, Aug. 27, 2025. Amid scorching heat in the Middle East, London once again became an outpost for the Gulf elite, continuing an annual custom that helps project their influence in the West and allows an escape to cooler climes. Photographer: Chris J. Ratcliffe/Bloomberg
International

UK consumers turn more wary as economic worries mount, GfK says

Failure to meet efficiency targets would add to demands on public spending at a time when British finance minister Rachel Reeves is struggling to meet her targets for improving the public finances.
International

UK’s Reeves faces “major fiscal issue” if she misses efficiency target, IFS says

Ray Dalio, founder of Bridgewater Associates LP, speaks during the Milken Institute Asia Summit in Singapore, on Wednesday, Sept. 18, 2024. The size of the Federal Reserve's interest rate cut this week won't be a game changer for global investors, though risks from China's slowdown continue to weigh on their minds, according to participants at the regional forum. Photographer: Ore Huiying/Bloomberg
Lifestyle
NEWS ANALYSIS

Why the UK stock market and pound continue basking in sunshine of global bull market

Britain's Chancellor of the Exchequer Rachel Reeves (pictured) and Prime Minister Keir Starmer are struggling to meet mounting demands for spending from the already stretched public finances as they struggle to speed up Britain’s economic growth.
International

UK’s Reeves heading for ‘impossible’ choices in this year’s budget: think tank

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