Category: Reeves
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Reeves condemns rise in ‘NEET’ youth as a ‘stain on our country’
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Rachel Reeves described the increasing number of British youth, not at work, education, or training (NET) “a stigma for our country.” In a conversation on the fire side at a manufacturing conference in London, the counselor expressed his warning that nearly a million people from 18 to 24 years “sit…
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Firms fear record cost surge ahead of Reeves tax raid
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A record number of British business leaders are preparing for unprecedented cost pressure over the next year, driven by tax increase, increased energy bills and increased wage requirements, according to a new survey conducted by the IOD Institute. The poll revealed that 89 % of the respondents expect their costs…
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City bankers press Reeves to ease non-dom clampdown as wealthy workers exit UK
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London bankers urged Advisers Rachel Reeves to alleviate the uninterrupted tax situation, claiming that policy pushes high -density foreign workers to move. At a breakfast meeting in Issue 11, representatives of major financial services companies, including Blackrock, Schrooders, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley, have concerned concerns about…
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Reeves faces tough choices as fiscal headroom vanishes, raising tax hike fears
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Economists have warned that Chancellor Rachel Reeves has exhausted the temporary store of 9.9 billion pounds, which may force her to raise the income tax to cover unexpected economic shocks. The National Institute for Economic and Social Research (NIESR) said that slow growth and high interest rates have already eliminated…
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Export champion quits over ‘anti-business’ stance, claiming Starmer and Reeves ‘talk down the UK’
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Mark Stewart, CEO of Stuart Golf, resigned from Gloster, resigned from his role as one of the government’s “export heroes”, citing frustration with what he calls “business control policies” in the Labor Party under the leadership of Sir Kerr Starmer and Rashil Reeves. Stewart, which exports electric golf vehicles, exports…
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Export champion quits over ‘anti-business’ stance, claiming Starmer and Reeves ‘talk down the UK’
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Mark Stewart, CEO of Stuart Golf, resigned from Gloster, resigned from his role as one of the government’s “export heroes”, citing frustration with what he calls “business control policies” in the Labor Party under the leadership of Sir Kerr Starmer and Rashil Reeves. Stewart, which exports electric golf vehicles, exports…
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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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Reeves gives official backing to plans for a third runway at Heathrow
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Chancellor Rachel Reeves gave her official support for plans for a third runway in Heathrow, on the pretext that expansion can create more than 100,000 jobs and significantly enhance the nation’s economic output. “There is an urgent need for a third runway,” she said, referring to projections that indicate a…
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Reeves insists government must ‘go further and faster’ on economic growth while assuring critics of net zero commitments
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Rachel Reeves called on ministers to seize new opportunities to raise living standards, and the deputies told the country that the country needs “farther and faster” to increase growth. In the midst of fears that the intense focus on economic expansion can overwhelm the net zero obligations of the government,…
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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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Reeves plans closer ties between National Wealth Fund and regional mayors to drive local growth
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Rachel Reeves, Chancellor, will instruct the National Wealth Fund and Investment Office to coordinate their efforts with regional mayors for the first time. The plan is part of a series of measures designed to boost local and national prosperity by enhancing cooperation between Whitehall and the devolved administrations. After meeting…
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Reeves puts growth first in clash over net zero and Heathrow expansion
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Rachel Reeves, the Chancellor of the Exchequer, has indicated that economic growth must take precedence over net zero targets, creating a potential rift with Energy Secretary Ed Miliband and senior Labor figures who remain opposed to expanding the UK’s largest airports. Speaking at the World Economic Forum in Davos, Reeves…
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UK to review visa system to entice top AI and science talent, says Reeves
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Rachel Reeves has pledged a comprehensive review of the UK’s immigration framework, including potential new visa routes for highly skilled workers in artificial intelligence and life sciences, as part of a wider drive to stimulate economic growth. The Chancellor revealed that a formal report will be published later this year,…
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Reeves leaves door open for March emergency budget
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Chancellor Rachel Reeves has refused to rule out the possibility of setting a full budget in March, sparking speculation about possible tax rises or spending cuts. When Reeves was pressed in Parliament, she instead reiterated her commitment to borrowing rules set out in October, which include balancing day-to-day spending with…
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PM pledges loyalty to Reeves as Labour vote share plummets and Reform gains ground
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Prime Minister Sir Keir Starmer has publicly reiterated his commitment to keeping Chancellor Rachel Reeves in office until the end of the current Parliament, despite new opinion polls showing Nigel Farage’s Reform UK Party closing in on Labor and pushing the Conservatives into third place. Reeves, who cut short a…
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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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Reeves calls for ‘reset’ with EU to spur UK growth amid global trade tensions
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British Chancellor Rachel Reeves is set to call for a “reset” of economic ties between Britain and the European Union, arguing that closer ties would help break down barriers to trade and boost growth prospects for both sides. In the first speech by a British adviser to the Eurogroup since…