Category: Rachel
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Rachel Reeves hints at debt-to-GDP measure change to unlock £17bn for budget
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Chancellor Rachel Reeves has left the door open to amending a key measure on the UK’s debt, a move that could free up £17bn for her budget next autumn. During a trip to New York and Toronto, Reeves indicated she would clarify her fiscal rules in her first budget, amid…
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Labour Chancellor Rachel Reeves to Unveil £19bn Financial Shortfall and Outline Tax Increase Plans
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Chancellor Rachel Reeves is set to unveil a £19bn deficit in the public finances, paving the way for an expected tax rise in the autumn. The announcement comes as it assesses fiscal challenges inherited from the previous conservative administration. An early audit has revealed “excess pressures” of around £19bn in…
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Rachel Reeves’ New York Visit to Attract US Investment for UK Projects
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Chancellor Rachel Reeves is due to visit New York in early August to engage with major US investment firms, with the aim of securing billions of pounds for projects in the UK. Her visit program includes a private dinner with Stephen Schwarzman, Chairman and CEO of Blackstone, a leading global…
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Rachel Reeves unveils new economic advisory council to drive UK growth
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Rachel Reeves is set to announce the creation of an economic advisory council to lead Labour’s core “national mission” of economic expansion following the party’s recent landslide general election victory. The Council will be chaired by John Van Reenen, a leading expert on innovation and former Downing Street policy adviser…
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New Chancellor Rachel Reeves Announces Mandatory Housing Targets ‘To Get Britain Building Again’
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In a crucial move to tackle the UK’s housing crisis, Rachel Reeves, the UK’s first female Chancellor of the Exchequer, has announced a series of ambitious measures aimed at revitalising the housing sector. In her inaugural speech as Chance…
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Rachel Reeves Faces Pressure to Raise Capital Gains Tax to Fund Public Services
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Rachel Reeves, Labour’s shadow chancellor, is under mounting pressure from colleagues to consider increasing capital gains tax (CGT) as part of an ambitious Autumn Budget designed to fund public services. With income tax, National Insurance and VAT increasing, Reeves is exploring alternative measures to raise revenue. Business insiders reveal that…
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Rachel Reeves Pledges ‘Most Pro-Growth Treasury in History’
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Labour’s shadow chancellor Rachel Reeves will commit to leading “the most pro-growth Treasury in our country’s history” if her party wins the election on July 4. In her first major economic speech of the campaign, Reeves will promise to “bring growth back to Britain” and ensure a pro-business, pro-Labour government…