Tag:

Rachel Reeves

UK launches tax review to attract high earners

Rachel Reeves will consider tax changes aimed at making the United Kingdom more attractive to high earners, particularly wealthy individuals from Gulf countries affected by geopolitical uncertainty linked to the Iran conflict.

14 Apr 2026-17:15
Starmer to update on cost of living amid oil surge

UK Prime Minister Sir Keir Starmer is set to update the public on the cost of living as rising global energy prices linked to the Iran conflict push fuel costs sharply higher.

01 Apr 2026-12:24
UK finance minister signals income-based energy support

Rachel Reeves has said that any new government support to help households cope with rising energy bills will be based on income levels, signaling a more targeted approach as costs are set to climb again.

01 Apr 2026-10:49
UK, Finland, Netherlands explore joint defence financing and procurement

Britain, Finland, and the Netherlands are considering a joint approach to finance and procure weapons, munitions, and military equipment, as global security threats rise amid conflicts in Ukraine and the Middle East, the UK government said Tuesday.

17 Mar 2026-12:56
COVID fraud costs UK £11 billion, report finds

Fraudulent claims for taxpayer funds during the COVID-19 pandemic cost the UK government £10.9 billion ($14.5 billion), according to a new independent report. Schemes like Bounce Back Loans and Eat Out to Help Out lacked safeguards against fraud, the report said.

09 Dec 2025-16:48
Starmer defends budget, rejects misleading claims

UK Prime Minister Keir Starmer said he is proud of his government’s budget and denied accusations that the public was misled about the country’s finances. Speaking in London, he defended the “fair choices” in the plan and backed Finance Minister Rachel Reeves, who is accused by opposition parties of overstating a fiscal black hole ahead of the Nov. 26 budget.

01 Dec 2025-17:15
UK Chancellor Rachel Reeves faces crucial test as tax-heavy budget nears

Britain’s finance minister Rachel Reeves is preparing to deliver her second annual budget on Wednesday — a moment that could define both her credibility and the future of Prime Minister Keir Starmer’s government.

25 Nov 2025-10:15
UK Chancellor Reeves criticizes budget leaks as ‘not acceptable’

British Finance Minister Rachel Reeves on Wednesday condemned leaks about the upcoming budget, calling them “not acceptable,” following reports that she had dropped plans to raise income tax—news that had previously rattled bond markets.

19 Nov 2025-12:30
Pound stabilizes after last week’s market swings

Sterling steadied on Monday after last week’s sharp fluctuations, trading slightly stronger against the euro and holding steady versus the dollar. The pound remains well above recent lows following Friday’s turbulence, which saw its weakest level against the euro since early 2023.

17 Nov 2025-16:45
UK economy grows slightly in August after July decline

Britain’s economy returned to growth in August, expanding by a marginal 0.1% from July, according to official data released Thursday by the Office for National Statistics (ONS). The figures offer a modest boost for Finance Minister Rachel Reeves ahead of her budget speech next month.

16 Oct 2025-10:35