Rachel Reeves’s second budget needs a narrative of fairness to justify tax rises | Heather Stewart

Ministers in the UK are gearing up to announce significant changes to the planning system aimed at boosting the country's sluggish economic growth. Rachel Reeves is expected to unveil these changes before the upcoming budget, but there are divisions within the government regarding the extent of these reforms. The chancellor plans to introduce measures that will simplify the process for developers to build houses and infrastructure projects, which could potentially stimulate the economy. This is an important development as it reflects the government's attempt to address economic challenges and improve housing availability.

Rachel Reeves, the Chancellor of the Exchequer, is on the lookout for a strong outsider to lead Britain's banking watchdog. This move is significant as it reflects the government's intention to bring fresh perspectives into the financial regulatory landscape, especially with a senior executive from Barclays being a leading candidate. The appointment could influence how banking regulations evolve in the UK, impacting both consumers and financial institutions.

Rachel Reeves, the Chancellor, is facing pressure from her Labour colleagues to reconsider the party's manifesto commitments in light of the Office for Budget Responsibility's recent fiscal forecast. The concern is that sticking to these pledges could lead to a budget that relies on unpopular small tax measures, often referred to as a 'pasty tax.' This situation highlights the internal tensions within the government as they navigate fiscal challenges while trying to maintain party promises.

UK business growth has hit a five-month low, raising concerns amid ongoing budget uncertainty and weak demand. This decline is significant as it reflects the challenges businesses face in a fluctuating economic environment, which could impact employment and investment. The situation is further complicated by potential tax increases proposed by Rachel Reeves, which could affect consumer spending. As the EU moves closer to negotiating a new agrifood deal that includes British products, the outcome may influence the UK economy's recovery and stability.

Baroness Mone has publicly criticized the chancellor for using what she describes as 'inflammatory' language following a significant financial ruling against a firm associated with her. The firm was ordered to pay £122 million related to a Covid-19 contract, raising questions about accountability and the handling of public funds. This situation is important as it highlights the tensions between political figures and the implications of their statements during sensitive times.

A recent report from Morgan Stanley suggests that Chancellor Rachel Reeves could raise up to £45 billion in taxes while still adhering to Labour's manifesto promises. This is significant as it indicates potential solutions to the UK's financial shortfall, estimated at £30 billion, without compromising on key commitments. The upcoming budget announcement is anticipated to outline these tax increases, which could play a crucial role in stabilizing the public finances and fulfilling the government's objectives.

A recent report from the Gambling Commission reveals that approximately 1.4 million adults in Britain struggle with gambling problems, highlighting the increasing risks associated with slot machines and in-play betting. This alarming statistic comes just as the chancellor suggests potential tax increases on the £11.5 billion betting and gaming industry. The findings underscore the urgent need for effective measures to address gambling addiction, as the impact on individuals and society can be profound.

OPEC Plus has reached a consensus to slightly increase oil production, a decision that could stabilize global oil prices and support economic recovery. This move is significant as it reflects the group's commitment to balancing supply and demand in the market, which is crucial for both producers and consumers. With the ongoing recovery from the pandemic, this small boost in production may help alleviate some pressure on prices, benefiting economies worldwide.

Health insurers are facing significant challenges due to rising hospitalizations and increased utilization, which could lead to unfavorable changes for older Americans. This situation is concerning as it may impact the affordability and accessibility of healthcare for a vulnerable population that relies heavily on these services.

The White House has warned that layoffs could begin if President Trump perceives that negotiations regarding the government shutdown are not progressing. This situation is concerning as it highlights the potential impact of political stalemates on employment and public services. The uncertainty surrounding the shutdown talks could lead to anxiety among workers and families who depend on government jobs and services.

Palantir has decided to withdraw from a significant billion-dollar contract dispute, marking a notable moment in its business strategy. This decision highlights the company's approach to risk management and its willingness to step back from potentially contentious negotiations. Understanding why Palantir chose to walk away can provide insights into its future direction and the broader implications for the tech industry.

Ministers in the UK are gearing up to announce significant changes to the planning system aimed at boosting the country's sluggish economic growth. Rachel Reeves is expected to unveil these changes before the upcoming budget, but there are divisions within the government regarding the extent of these reforms. The chancellor plans to introduce measures that will simplify the process for developers to build houses and infrastructure projects, which could potentially stimulate the economy. This is an important development as it reflects the government's attempt to address economic challenges and improve housing availability.

Walmart has launched a stunning 10-piece cookware set priced at just $40, which has garnered rave reviews from customers. Many are so impressed with its quality that they've discarded their old pots and pans. This affordable yet stylish set not only enhances kitchen aesthetics but also makes cooking more enjoyable, proving that you don't have to spend a fortune to get great kitchen essentials.