Category: Rachel
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Rachel Reeves to unveil ‘Thatcher-style’ growth agenda as businesses demand swift action
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Rachel Reeves is scheduled to announce an ambitious package of measures aimed at starting the British economy, as it sets the campaign of its government’s growth alongside the Margaret Thatcher approach in the eighties of the last century. In her speech on Wednesday, the chancellor will weigh behind a series…
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How Rachel Reeves Decided UK Needs to Bet Big on Economic Growth
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Links to the movement of mobility BMN Business Shortly after the UK budget on October 30, and with the decline in economic morale and the protest of companies on increasing taxes, Rachel Reeves, who is under severe pressure, sent one major message to Treasury officials: “We need to move forward…
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Rachel Reeves’ China visit restores crucial links with world’s second-largest economy
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Deals worth £600m have been concluded, potentially adding £1bn of value to the UK economy, following Chancellor Rachel Reeves’ trip to Beijing. Winnie Cao, head of the China office and China business group at Blake Rotenberg, described the fruitful discussions between Reeves and Vice Premier He Lifeng as a positive…
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Rachel Reeves weighs a ‘hotel tax’ as treasury battles to fill funding gap
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Britons and foreign visitors may soon find themselves paying a “hotel tax” on every night they stay, under Treasury proposals designed to shore up the public purse as borrowing costs continue to rise. The potential tax, part of “modeling exercises” being carried out by officials, mirrors tourist taxes in countries…
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Rachel Reeves to lead Davos 2025 delegation in bid to win over foreign investors
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Rachel Reeves, the finance minister, is preparing to lead a team of ministers and advisers to the 2025 World Economic Forum in Davos, aiming to attract international backers and calm anxiety among local businesses. Reeves, who has attended Davos as a shadow advisor for the past two years, is scheduled…
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John Lewis CEO criticises Rachel Reeves over ‘two-handed’ tax increase
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Nish Kankiwala, chief executive of the John Lewis Partnership, has accused Chancellor Rachel Reeves of carrying out a “two-handed” tax grab on retailers, as she joined a growing backlash against the latest budget. Kankiwala said John Lewis faces increased recruitment costs and higher turnover after the Budget, which could hamper…
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Investment focus drives Rachel Reeves’ strategy to revitalise UK economy
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The UK economy has been mired in low growth rates for years, a problem that has worsened since the 2008 global financial crisis. Despite some short-lived recoveries, average annual growth has remained persistently weak, leading to stagnant living standards. A stark indicator of this trend is that real wages in…
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Economists and Activists Call on Rachel Reeves to Introduce Wealth Tax in Inaugural Budget
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Chancellor Rachel Reeves is facing renewed calls to introduce a wealth tax, with economists, climate campaigners and high-net-worth individuals urging her to impose a tax on the UK’s wealthiest citizens to help fund essential public services and accelerate the transition to net zero. . In an open letter to the…
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Economists and Activists Call on Rachel Reeves to Introduce Wealth Tax in Inaugural Budget
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Chancellor Rachel Reeves is facing renewed calls to introduce a wealth tax, with economists, climate campaigners and high-net-worth individuals urging her to impose a tax on the UK’s wealthiest citizens to help fund essential public services and accelerate the transition to net zero. . In an open letter to the…
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Rachel Reeves to introduce new debt rule, unlocking £50bn for UK investment
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Chancellor Rachel Reeves has announced a major shift in the UK’s fiscal policy framework, confirming plans to introduce a new rule for “investment” debt in next week’s Budget. This change is expected to free up more than £50 billion of borrowing capacity, allocated for long-term capital investment projects, while maintaining…
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UK at ‘massive global disadvantage’ over tourist tax, retail bosses warn Rachel Reeves
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Retailers have called on Chancellor Rachel Reeves to scrap the so-called “tourist tax”, warning that Britain is losing billions in economic growth as tourists choose to shop elsewhere in Europe. In a letter signed by more than 300 chief executives, including leaders from John Lewis, British Airways, Fortnum & Mason…
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what Rachel Reeves could announce
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As the Labor government prepares to present its first Budget on October 30, anticipation is building as businesses and individuals alike prepare for potential tax changes and spending shifts. Chancellor Rachel Reeves has made it clear that tax increases are inevitable, describing them as necessary to restore financial and economic…
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IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances
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The International Monetary Fund has called on Chancellor Rachel Reeves to introduce tax rises and tighten government spending in the next budget, warning that delaying such measures could worsen the UK’s fiscal problems. In a previously released section of the *Comptroller* report, the Washington-based organization highlighted the UK and US…
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Lobby group urges Rachel Reeves to rethink non-dom tax hike to prevent exodus of wealthy residents
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Chancellor Rachel Reeves is facing pressure from lobbyists representing 74,000 non-UK residents to scale back planned tax changes, ahead of her next Budget. The newly formed group, called Foreign Investors for Britain, is due to meet government officials this week to urge a reconsideration of Reeves’ proposed overhaul of the…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…
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Rachel Reeves urges end to remote working in favour of office return
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Rachel Reeves has called on workers to return to the office, stressing the benefits of in-person collaboration, as she prepares to set out Labour’s economic vision at the party’s conference in Liverpool this week. Frankly speaking Interview with The TimesThe Chancellor has rejected the idea of remote working, saying she…
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Rachel Reeves urges end to remote working in favour of office return
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Rachel Reeves has called on workers to return to the office, stressing the benefits of in-person collaboration, as she prepares to set out Labour’s economic vision at the party’s conference in Liverpool this week. Frankly speaking Interview with The TimesThe Chancellor has rejected the idea of remote working, saying she…
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Should Business Owners Be Worried About Rachel Reeves’ First Budget?
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As the leaves turn golden in October, businesses across the country are bracing for a political event that could redefine their futures: the unveiling of Rachel Reeves’ first budget as Chancellor of the Exchequer. A figure who rose through the Labour Party ranks on her reputation as a sharp-witted figure,…