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...Shadow chancellor Rachel Reeves on Thursday vowed to push ahead with the plan and her spokesperson insisted a Labour government would charge the top 45p rate of income tax on profits that private equity...
...us’,” Reeves will say....
...Rachel Reeves is a professional economist, with a methodical style that has won supporters in the City, the business community and a recalcitrant political party....
...Rachel Reeves delivered the Mais Lecture last night....
...But this accolade may reveal a difficult truth. Unless Reeves is genuinely reformist in government, Starmer may find delivering on his promises impossible....
...Reeves will argue that she wants to create a stable base upon which reforms to planning, public services and the labour market could be added to create a more dynamic economy....
...Reeves has also tried to draw a dividing line by railing against Hunt’s promise to abolish national insurance altogether, a policy she said was unfunded and would cost £46bn....
...Reeves said the fund was a “key component” of her party’s growth proposals....
...“If she is to keep to this rule Ms Reeves is going to have to hope for quite a spurt of growth....
...Carroll Reeve Lavenham Community Land Trust, Lavenham, Suffolk, UK...
...“The last thing we need is a massive upheaval,” said one ally of Reeves. “Rachel recognises that stability and security is needed.”...
...The Guaíba river, which runs by the city, has reached a record high of 5.3 metres. The previous record was 4.76 metres in 1941....
...Labour’s Rachel Reeves will vow to boost the UK’s attraction as a destination for business investment in a pitch to corporate bosses in Davos, where she will accuse the governing Conservatives of undermining...
...In today’s newsletter: Mnuchin profits from NYCB crisis A look at the ‘eccentric’ company behind Temu Trump’s Treasury secretary finds opportunity in NYCB’s rescue Steven Mnuchin is on track to earn...
...But Reeves did not rule out reducing it, if necessary, should a Labour government win a second term....
...Beijing has hit out at US legislation to ban TikTok as former Treasury secretary Steven Mnuchin said he was assembling a consortium to buy the app from its Chinese owner....
...In a recent one-hour speech, Reeves did not mention small business at all, and referred to “enterprise” only in the context of a Treasury unit....
...“The voters have sent a clear message today, even in the Prime Minister’s own backyard that it is time for change. Under Keir’s leadership there are no no-go areas for Labour anymore,” Reeves said....
...Steven Friel Chief Executive, Woodsford (Litigation Funders), London WC1, UK...
...This sets up the possibility that the two major poles of influence in cabinet will be Reeves and Miliband. Reeves is the more powerful and Miliband would lose a direct confrontation....
...To that end, he just about found money for another major tax cut, stealing two of Labour’s three revenue-raising policies in the process and cheerfully leaving his shadow, Rachel Reeves, with the headache...
...In the latest report on climate change in Europe, the scientists said 2023 saw a record number of days with “extreme heat stress” — equivalent to a “feels-like” temperature of more than 46C....
...“Myself and other climate scientists are asking whether this year is a blip, a phase change, whether the climate system is broken and behaving in a different way to what we expect,” said Samantha Burgess...
...New York Community Banck is set to raise more than $1bn in a deal led by the investment firm of former Treasury decretary Steven Mnuchin aimed at shoring up its finances after more than a month of turmoil...
...The Mais lecture by Rachel Reeves, Labour’s shadow chancellor of the exchequer, was an attempt to answer that. It was not a bad one in the circumstances. But the circumstances are grim....
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