Chancellor warned 'substantial tax rises' needed - as she faces 'impossible trilemma'
Tuesday, 5 August 2025 () Rachel Reeves will need to find more than £40bn of tax rises or spending cuts in the autumn budget to meet her fiscal rules, a leading research institute has warned.
Chancellor Rachel Reeves has defended Rushanara Ali in a row over the homelessness minister increasing the rent on her East London property, saying she seems to have done "everything in accordance with the law". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Reeves says she "welcomes" the interest rates cut from 4.25% to 4%, adding it's "good news" for homeowners, people trying to get onto the housing ladder and businesses that are "borrowing to grow". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves visits Port Talbot, where she proposes how £143 million of government funding will secure over 130 disused coal tips in Wales. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has backed Heathrow's latest plans for a third runway, saying it's "so important" for Britain to "trade with countries around the world". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn