Rachel Reeves
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The next guest on tonight’s edition of Politics Hub With Sophy Ridge is the Tees Valley mayor, Lord Ben Houchen. The Conservative survivor was speaking to Sky News deputy political editor Sam Coates, and he was asked about the Labour government’s plans to boost growth. He said that what the government has trailed “seems pretty laudable”, adding: “They…
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Rarely has a speech been so heavily trailed in the media, with so many of the details – from the third runway at Heathrow to the revived Oxford-Cambridge corridor and the nine new reservoirs across the country – pre-briefed and leaked to the press in advance. So you might have thought there were no surprises…
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Investment companies have called on the chancellor to ditch budget plans to apply inheritance tax on undrawn pensions. A letter penned by the chief executives of AJ Bell, Hargreaves Lansdown, Interactive Investor and Quilter, which collectively manage £430bn of investments for UK customers, says there is “concern” about the proposals put forward by Rachel Reeves.…
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Chancellor Rachel Reeves is at the World Economic Forum in Davos meeting potential investors with a core message that, despite what they might have heard from companies already working there, Britain is open for business. She arrived in the wake of two signals she believes demonstrate growth really is a priority, one intentional, the other…
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Chancellor Rachel Reeves has been speaking at a fringe event at the World Economic Forum in Davos. Asked about the 10,800 millionaires who left the UK last year, Ms Reeves revealed the government will be tabling an amendment to the Finance Bill, which will see the October budget’s taxation plans become law. “We have been…
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Rachel Reeves risks entering an economic “doom loop” if she continues to cut spending, a former Bank of England chief economist has warned. Andy Haldane, who was with the Bank for 32 years until 2021, said the Office for Budget Responsibility’s (OBR) forecast in March could lead to less investment and spending. He told Sky…
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Chancellor Rachel Reeves has indicated she will overrule environmental objections to a third runway at Heathrow in order to prioritise economic growth, a position likely to bring her into conflict with colleagues including energy secretary Ed Miliband. Speaking as she began a 48-hour pitch to international investors at the World Economic Forum in Davos, Ms…
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Spain plans to raise taxes on holiday rentals so that they pay “like a business”. Prime Minister Pedro Sanchez announced the plan today as residents of the country’s main cities grapple with soaring rents. “It isn’t fair that those who have three, four or fiveapartments as short-term rentals pay less tax than hotels orworkers,” said…
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Following a speech on AI, Sir Keir Starmer has just been asked whether Rachel Reeves will still be chancellor at the next general election. The prime minister doesn’t explicitly answer. Instead, he says the UK’s fiscal rules are “absolutely central to what we do”. “The changes we’re bringing about… all of these are designed to…
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Making Britain better off will be “at the forefront of the chancellor’s mind” during her visit to China, the Treasury has said amid controversy over the trip. Rachel Reeves flew out on Friday after ignoring calls from opposition parties to cancel the long-planned venture because of market turmoil at home. The past week has seen a drop…
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With the UK government having stolen two of Labour’s ideas to raise tax revenue – scrapping the non-dom status and expanding the oil and gas windfall – reporters have asked shadow chancellor Rachel Reeves where else she will raise revenue for her party’s priorities. She lists what the initial commitments were that the government has…
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The shadow chancellor has responded angrily to news the UK is in recession, accusing the government of failing to act on its promises. “Rishi Sunak’s promise to grow the economy is now in tatters,” Labour’s Rachel Reeves said. “This is Rishi Sunak’s recession and the news will be deeply worrying for families and business across…
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