6 h. ago Rachel Reeves among the few survivors of Keir Starmer's brutal Cabinet purge despite Britain's stalling economy and mounting threat of debt crisis

After being forced into action by Angela Rayner 's resignation as Deputy Prime Minister over her tax row, Sir Keir carried out a frantic reshuffle of his administration.

Events

7 h. ago Will Rachel Reeves be the ONLY survivor of Keir Starmer's brutal Cabinet purge despite Britain's stalling economy and mounting threat of a debt crisis?

After being forced into action by Angela Rayner 's resignation as Deputy Prime Minister over her tax row, Sir Keir carried out a frantic reshuffle of his administration.

Events

9 h. ago Angela Rayner's resignation triggers a Labour purge: Panicking Starmer axes Cabinet ministers in bloody 'Phase 3' reshuffle after she quit for failing to pay tax

Keir Starmer is taking a knife to his team just days after he tried to launch a Labour 'Phase 2' following a torrid summer and consistently dire polls.

Politics

24 h. ago Head of Britain's trade union movement urges Rachel Reeves to set up new wealth tax to boost services

Paul Nowak called on the Chancellor to look at hitting those worth more than £10 million with fresh levies while hiking capital gains tax - insisting this would not lead to an exodus of the wealthy.

Economics

29 h. ago Rayner firm denies giving tax advice as PM refuses to say if he would sack her

The conveyancer used by the Deputy Prime Minister to purchase her Hove flat said it did not give advice on trust and tax matters.

Economics

32 h. ago ‘Lateness’ of UK Budget ‘entirely undesirable’, says Swinney

The First Minister was speaking after Chancellor Rachel Reeves said she will outline her fiscal plans in the Commons on November 26.

Politics

33 h. ago Pub 'regular' at risk of dying out as Brits can't afford to visit their local

The Campaign for Real Ale, which surveyed 833 pub regulars from across Britain, blamed the decline on Chancellor Rachel Reeves' tax hikes

Events

33 h. ago Rachel Reeves house tax 'attack' warning as experts beg her to drop plan

The Chancellor is reportedly considering a number of new property taxes

Events

36 h. ago UK firms axe jobs at fastest pace for almost four years, survey finds

Companies are also increasingly pessimistic about future employment amid concerns over the wider economic outlook.

Politics

38 h. ago Rachel Reeves declares confidence in Angela Rayner after stamp duty ‘error’

Chancellor defends deputy prime minister as more details emerge about timeline of legal adviceThe chancellor has said she has “full confidence” in Angela Rayner as more details emerged about when the deputy prime minister became aware she had underpaid tax.Rayner has referred herself to the government’s independent ethics adviser and HM Revenue and Customs (HMRC) after making the admission. Continue reading...

Politics

38 h. ago Rachel Reeves has ‘full confidence’ in Angela Rayner over stamp duty row: UK Politics live

Angela Rayner said she was given inaccurate legal advice that led her to underpay tax when buying a flat in Hove in May

Politics

38 h. ago Angela Rayner latest LIVE: Rachel Reeves says she has 'full confidence' in Deputy PM amid growing storm over underpaid stamp duty

Labour colleagues rally to Angela Rayner’s defence as sources suggest her fate could be sealed within days

Events

38 h. ago Ministers defend Rayner in tax row as fresh property purchase details emerge

Sources close to the Deputy Prime Minister said she was given three separate pieces of legal advice before buying an £800,000 property in Hove.

Politics

38 h. ago Lloyds to put thousands of staff at risk of dismissal in performance drive

The banking group plans to change how it monitors the performance of its employees and manages staff turnover within the business.

Events

46 h. ago What a difference two months makes! From Rayner smiling as Reeves wept in the Commons to yesterday as the tables were turned amid Starmer's ministerial mayhem

Just two months ago, Rachel Reeves was wiping away tears on the frontbench during Prime Minister's Questions while Angela Rayner smiled nearby.

Politics

48 h. ago Rachel Reeves 'must bring in wealth taxes to show she's on side of ordinary Brits'

TUC general secretary Paul Nowak has called on Chancellor Rachel Reeves to slap wealth taxes on the richest Brits to prove Labour is on the side of ordinary people

Economics

49 h. ago Rachel Reeves is accused of spelling 'disaster for business' by leaving her budget until late November: Months of doom

The Chancellor was warned the decision to hold the event so late in the year threatened to create months of damaging speculation about tax rises and will stunt growth.

Economics

53 h. ago The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes | Editorial

Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demandIn 1995, Nick Leeson, a 28-year-old trader for Barings Bank, brought down the City’s oldest finance house by, among other things, betting that the Bank of Japan (BoJ) couldn’t keep rates low forever after its financial crash led to a borrowing spree. The devastating Kobe earthquake was the final blow. The BoJ cut rates, bond prices rose and his losses spiralled to $1.4bn. His bet that markets would beat Japan brought down the bank.Barings’ collapse is perhaps a spectacular example of the “widowmaker” trade, where speculators think they can outsmart Japanese authorities. They’ve ended up with egg on their face as their gamble on Japan losing fiscal control proved misguided. Japan, with its own currency and a central bank working with the government, shows how the state shapes markets, not the other way round.Do you have an opinion on the issue...

Politics

54 h. ago Rachel Reeves scrambles to play down claims she's facing a £50bn 'black hole' in the public finances as under

The Chancellor also sought to dampen speculation she is poised to announce a fresh package of tax rises on British businesses and households.

Economics

55 h. ago Budget 2025: What taxes could Rachel Reeves put up and what does it mean for you

There is fevered speculation about the different taxes that might be in Chancellor Rachel Reeves' sights as she looks to plug a more than £20billion hole in the public finances

Economics