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Improving trade ties with the European Union could boost the economy and drive up living standards, Rachel Reeves claimed, as she attended a meeting of EU finance ministers. She said becoming the first Chancellor to attend a meeting of European counterparts since Brexit was a “milestone moment” as the UK seeks to “reset” its relationship with Brussels. It is “in our national interest to have more normal trading relations with […]
Chancellor Rachel Reeves told a shop owner the Government was “trying to help” as she visited independent retailers ahead of Small Business Saturday. Ms Reeves toured the Leeds Corn Exchange on Friday where Deborah Bellamy, owner of Hidden Wardrobe, told her that businesses had found it “very tough” in recent years with rising costs and minimum wage increases, and had to let some staff go. The Chancellor said: “I know […]
Chancellor Rachel Reeves has faced Labour pressure to amend her inheritance tax changes for farmers as a backbencher made clear his opposition to the current proposals. Markus Campbell-Savours, the Labour MP for Penrith and Solway, said he is “not prepared to break my word” given to farmers during the election that Labour had no plans to introduce changes to agricultural property relief (APR). He said he will engage with the […]
Hospitality bosses have told Rachel Reeves her changes to National Insurance are “regressive in their impact on lower earners”, it has been reported. Signatories to the letter organised by UK Hospitality, and seen by The Sunday Times, have said that “some jobs on minimum wage will become unviable” as a result of the new threshold announced at last week’s Budget. The main tax rise in Ms Reeves’ fiscal statement was […]
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