Topic
Rachel Reeves
17 stories related to this topic, newest first.
news.sky.comfinance3 days ago
HMRC Raises Mileage Allowance to 55p per Mile for First 10,000 Business Miles
The tax authority lifted the rate from 45p to 55p per mile, backdated to April 6. Up to three million workers stand to gain from the first increase in 15 years as part of Chancellor Rachel Reeves's tax package.
thecanary.coworld6 days ago
Motability Scheme Adds VAT on Top-Ups and Sets Mileage Caps From July 2026
New VAT and Insurance Premium Tax rules took effect July 1, 2026 for most Motability leases ordered after that date. The changes follow Chancellor Rachel Reeves' 2025 Autumn Budget overhaul projected to raise £1 billion over five years. Motability removed luxury vehicles and over…
news.sky.combusiness12 days ago
Rachel Reeves Backs Andy Burnham as Next Prime Minister After Starmer Resigns
Chancellor Rachel Reeves endorsed Andy Burnham to replace Keir Starmer and urged continuity on fiscal policy during a 25 June speech. Starmer announced his resignation three days earlier after losing Labour support.
The Guardianpolitics12 days ago
Chancellor says she backs Burnham for prime minister, declines to discuss future cabinet role
Rachel Reeves stated she supports Andy Burnham to become the next prime minister. She declined to say whether she would accept a junior cabinet position if offered one.
ukdefencejournal.org.ukpolitics14 days ago
UK to Publish Defence Investment Plan Before NATO Summit Despite £18bn Funding Gap
The government will release its defence investment plan before the July 7 NATO summit. The move follows Prime Minister Keir Starmer's resignation announcement. Chancellor Rachel Reeves confirmed the timeline in Parliament.
news.sky.compolitics22 days ago
UK Extends 5p Fuel Duty Cut for Motorists but Raises Rebated Diesel Rates from June 2026
Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves extended the 5p per litre fuel duty cut until December 31, 2026. Certain motorists using rebated fuels face higher costs starting today.
rnz.co.nzworld45 days ago
UK Chancellor Announces Cuts to Food Tariffs and VAT on Children's Activities
Chancellor Rachel Reeves introduced tariff reductions on about 100 imported food items and lowered VAT to 5 percent on children's meals and summer attractions. The package also includes free summer bus travel for children and a higher tax-free mileage allowance for work-related d…
IN
japantimes.co.jpworld46 days ago
UK Chancellor Announces Summer Cost of Living Measures
Chancellor Rachel Reeves unveiled a package of temporary measures aimed at easing financial pressures for families during the summer holidays. The steps include reduced VAT on attractions, free bus travel for children, and a delay in fuel duty increases.
IN
channel4.compolitics47 days ago
Speaker Lindsay Hoyle rebukes Chancellor Rachel Reeves for policy announcement on TikTok
Speaker Sir Lindsay Hoyle told Chancellor Rachel Reeves that important policy announcements must first be made to Parliament. The rebuke followed Reeves posting videos on TikTok before informing MPs.
channel4.compolitics48 days ago
Chancellor Rachel Reeves Responds to Heckler at Leeds Petrol Station
Chancellor Rachel Reeves was interrupted by a man while speaking to reporters outside a petrol station in Hunslet, Leeds. The man accused her of running the country into the ground and expressed support for Reform UK leader Nigel Farage.
bbc.co.ukworld54 days ago
Reeves Says Labour Leadership Contest Would Plunge Country Into Chaos
Chancellor Rachel Reeves stated that a Labour leadership contest would plunge the country into chaos as Prime Minister Keir Starmer battles to remain in office following heavy election losses. Health Secretary Wes Streeting has resigned citing lost confidence in Starmer's leaders…
channel4.compolitics56 days ago
UK Chancellor Rachel Reeves Arrives at Downing Street After Pulling Out of London Event
Chancellor Rachel Reeves canceled a scheduled appearance at a City of London global risks summit on Tuesday morning. The Treasury confirmed her withdrawal amid reports of political pressure on Prime Minister Sir Keir Starmer following recent election results. Reeves was seen ente…
IN
Bloombergworld75 days ago
UK Deficit Hits Lowest Level Since 2024, Following Labour's Implementation of Higher Wealth Taxes
Rachel Reeves has delivered the lowest deficit since the Labour government took power in 2024. Higher wealth taxes contributed to this achievement. The government had threatened a clampdown on Britain's affluent classes in 2024.
middleeasteye.netfinance83 days ago
Iran Halts Petrochemical Exports as US-Israel Conflict Disrupts Strait of Hormuz Shipping
Iran has halted all petrochemical exports until further notice, as the war with the US and Israel enters its seventh week. Energy prices have risen sharply, and traffic through the Strait of Hormuz has declined. UK Chancellor Rachel Reeves called for de-escalation and stated the…
Substrate placeholder — needs reviewfinance84 days ago
Reform UK Proposes Temporary VAT Cut on Fuel
Robert Jenrick, Reform UK's treasury spokesman, demanded that Rachel Reeves implement an emergency VAT cut on fuel to ease rising costs. Jenrick spoke from a petrol station in Nottinghamshire alongside MP Lee Anderson and met with various motorists. He stated the cut would save 1…
Substrate placeholder — needs reviewworld86 days ago
UK Government to Outline Plans for Boosting Business Competitiveness Amid Rising Energy Bills
The UK government plans to set out measures to enhance business competitiveness in response to increasing energy costs. Chancellor of the Exchequer Rachel Reeves announced the initiative while cautioning against excessive government borrowing. The plans address economic pressures…
BU
Substrate placeholder — needs reviewworld89 days ago
OECD Recommends UK Tax System Overhaul to Reduce Complexity and Support Economic Growth
The Organisation for Economic Co-operation and Development (OECD) has urged UK Chancellor Rachel Reeves to simplify the country's tax system. The recommendation aims to address the system's complexity and contribute to improving economic growth rates. The report highlights the UK…
BU