Rachel Reeves says tax rises and spending cuts on budget agenda, citing Brexit impact

The GuardianWednesday, October 15, 2025 at 9:33:15 AM
Rachel Reeves says tax rises and spending cuts on budget agenda, citing Brexit impact
Rachel Reeves has announced that tax increases and spending cuts are likely to be part of the upcoming autumn budget, as the UK government grapples with a significant shortfall in public finances. This situation is attributed to the ongoing effects of Brexit and the austerity measures that have been in place, as well as the fallout from Liz Truss's controversial mini-budget. This news is crucial as it highlights the financial challenges facing the UK and the potential impact on public services and the economy.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget
PositiveWorld Affairs
Rachel Reeves, the UK Chancellor, has announced that higher taxes on the wealthy will be included in the upcoming November budget. Speaking at the International Monetary Fund meetings in Washington, she dismissed criticisms as 'scaremongering' and emphasized her commitment to improving public finances. This move is significant as it reflects the government's strategy to address economic challenges and ensure a fairer tax system, which could have a positive impact on public services and reduce inequality.
Nature groups rebuke Reeves for ‘cynical’ 11th-hour planning bill changes
NegativeWorld Affairs
Nature groups are expressing outrage over last-minute changes to the UK government's planning bill, which they claim undermine environmental protections in favor of short-term economic growth. Chancellor Rachel Reeves is facing criticism for these alterations, which many believe prioritize budgetary concerns over ecological sustainability. This backlash highlights the ongoing tension between development and environmental conservation, raising important questions about the future of the UK's natural resources.
Major UK govt data leaks surface on dark net – media
NegativeWorld Affairs
Recent reports reveal that nine attempts to sell classified UK military documents have emerged on the dark net, raising significant concerns about national security. Experts warn that these leaks could pose serious threats, highlighting vulnerabilities in the government's data protection measures. This situation underscores the importance of robust cybersecurity protocols to safeguard sensitive information and maintain public trust.
Exiled Hong Hong dissidents say UK plan to restart extraditions puts them in danger
NegativeWorld Affairs
Exiled Hong Kong dissidents are expressing serious concerns over the UK government's recent decision to amend extradition laws, which they believe could endanger their safety. This legislative change comes after a five-year suspension due to the crackdown on pro-democracy activists in Hong Kong. The dissidents fear that the Hong Kong authorities may exploit this new legal framework to target them, highlighting the ongoing risks faced by those opposing the city's government. This situation underscores the delicate balance between legal frameworks and human rights, making it a critical issue for international relations.
Rachel Reeves to confirm changes to ‘outdated’ planning system
PositiveWorld Affairs
Rachel Reeves is set to announce significant changes to the UK's planning system, aimed at reducing bureaucratic hurdles for developers. This move is expected to facilitate the construction of windfarms, reservoirs, and housing projects, ultimately boosting confidence in the development sector. By streamlining the planning process, the government hopes to encourage more sustainable infrastructure projects, which is crucial for addressing the UK's energy needs and housing shortages.
UK labour market shows signs of stabilising after job losses
NeutralWorld Affairs
The UK labour market is showing signs of stabilising, with the unemployment rate slightly rising to 4.8%. The Office for National Statistics (ONS) reports that while there were earlier job losses attributed to tax increases, the number of payrolls and job vacancies are now levelling off. This is significant as it suggests a potential recovery in employment, which could impact economic growth and consumer confidence.
Labour MPs call on Rachel Reeves to scrap council tax
PositiveWorld Affairs
A group of 13 Labour MPs is urging Rachel Reeves to abolish council tax, advocating for a new system that reflects the rising house prices in the south-east. This push comes as the Chancellor prepares for next month's budget, highlighting the growing concern over property taxes in Great Britain. The MPs, primarily from northern constituencies, believe that reforming the tax system could lead to a fairer approach for homeowners, making this a significant moment in the ongoing discussion about economic equity.
Budget is 'make or break', chancellor warned
NegativeWorld Affairs
Rachel Reeves has received a stark warning that the upcoming budget could be a critical turning point for many firms. This situation highlights the urgency for effective financial strategies as businesses navigate uncertain economic conditions, making it essential for the government to address their concerns.
UK retail sales growth cools amid fears over budget tax rises
NegativeWorld Affairs
UK retail sales growth has slowed down, raising concerns among consumers as inflation and potential tax increases loom ahead of Rachel Reeves's autumn budget. The British Retail Consortium reported that sales rose at a slower pace in September compared to previous months, indicating that economic pressures are affecting spending habits. This matters because it reflects the broader economic climate and consumer confidence, which could impact future growth and spending in the retail sector.
IFS warns Rachel Reeves against ‘half-baked dash for revenue’
NegativeWorld Affairs
The Institute for Fiscal Studies has issued a warning to UK Chancellor Rachel Reeves, advising her against a rushed approach to revenue generation in the upcoming budget. They argue that a hasty strategy could lead to significant economic damage, emphasizing the need to address longstanding inefficiencies and unfairness in the tax system. This matters because the decisions made in the budget could have lasting impacts on the UK economy and public services, making it crucial for Reeves to consider a more thoughtful approach.
Post-ministerial jobs watchdog closes as part of UK government ethics shake-up
NegativeWorld Affairs
The UK government is set to dismantle the Advisory Committee on Business Appointments (Acoba), a watchdog that has faced significant criticism for its role in overseeing post-ministerial jobs. This change is part of a broader reform of the government's ethics framework, which will see Acoba's responsibilities divided between two new regulators and the establishment of an Ethics and Integrity Commission. This move raises concerns about the effectiveness of oversight for former ministers, potentially impacting public trust in government accountability.
Latest from World Affairs
Russia has 'captured' the Georgian state, EU 'too complacent', President says
NegativeWorld Affairs
Georgian President Salomé Zourabichvili has raised alarm over Russia's increasing influence in Georgia, claiming that the country has been effectively captured through election interference and propaganda. She criticized the European Union for being too complacent while focusing on its support for Ukraine, warning that Moscow is quietly asserting control over Georgia. This situation is significant as it highlights the geopolitical tensions in the region and the potential implications for European security.
Chelsea v Paris FC: Women’s Champions League – live
NeutralWorld Affairs
The Women's Champions League match between Chelsea and Paris FC is set to kick off at Stamford Bridge at 8pm BST. This event is significant as it showcases top-tier women's football, drawing attention to the growing popularity and competitiveness of the women's game. Fans can follow live updates and scores, highlighting the excitement surrounding this match.
China, US stuck in cycle of trade disputes and truces, trade specialist says
NegativeWorld Affairs
Trade tensions between the US and China are escalating, with US Treasury Secretary Scott Bessent criticizing China's rare earth export restrictions as a sign of a broader conflict. Trade specialist Gavin Bade from the Wall Street Journal highlights that this ongoing cycle of disputes and temporary resolutions poses significant risks to the global economy, creating uncertainty for businesses and volatility in the stock market. This situation matters because it could impact international trade dynamics and economic stability worldwide.
Palestinian bodies returned by Israel show signs of torture and execution, say doctors
NegativeWorld Affairs
Recent reports from Gaza indicate that nearly all of the 90 Palestinian bodies returned by Israeli authorities exhibit signs of torture and execution, with many showing gunshot wounds to the head. This alarming revelation, shared by a medic at Nasser Hospital, raises serious concerns about human rights violations and the treatment of detainees during the ongoing conflict. The findings underscore the urgent need for accountability and transparency in the region, especially amidst the fragile ceasefire.
Gaza ceasefire live: Trump reportedly says Israel could resume fighting if Hamas fails to uphold agreement
NeutralWorld Affairs
In a recent statement, President Trump indicated that Israel could resume military actions in Gaza if Hamas does not adhere to the ceasefire agreement. This comes as Hamas struggles to locate the remaining bodies of hostages. The situation remains tense, with Israel reportedly easing its threat to cut humanitarian aid to Gaza, highlighting the delicate balance between military actions and humanitarian needs. This development is crucial as it reflects the ongoing complexities of the conflict and the international community's response.
Syria’s al-Sharaa seeks to ‘redefine’ Russia ties in first Moscow visit
PositiveWorld Affairs
Syrian President Ahmed al-Sharaa's first visit to Moscow marks a significant step in redefining Syria's relationship with Russia. This visit is crucial as it highlights Syria's intent to strengthen diplomatic ties and seek new avenues for cooperation, which could have implications for regional stability and international relations.