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The Latest Breaking News from Rachel Reeves

Student loans: ‘My debt rose £20,000 to £77,000 even though I’m paying’

Millions of graduates are trapped by ballooning debts, as their repayments are dwarfed by the interest added

The Guardian - UK

Gordon Ramsay says tax changes will make restaurants ‘lambs to the slaughter’

Celebrity chef warns UK government’s plans for higher business rates from April ‘simply will not work’

The Guardian - UK

UK government borrowing falls to £11.6bn in December

Official figures better than expected after record-breaking receipts for the month of December

The Guardian - UK

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London jobs crisis: How the axe is falling on workers in shops, offices, pubs, factories and the City

Firms are being hit by higher taxes and growing wage bills

Evening Standard

Major UK retailers pile pressure on Rachel Reeves

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The Independent UK

Firms warn over impact of rising business costs from Government policies

Retailer Currys, pub group JD Wetherspoon and supermarket Morrisons became the latest to caution over the effects of business costs hikes.

Evening Standard

UK inflation inches up in December but a decline toward 2% is expected in 2026

Inflation in the United Kingdom rose in December for the first time in five months, pushing further above the Bank of England’s target

The Independent UK

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JD Wetherspoon warns of lower profits as pubs hit by rising costs

Shares in pub chain fall after it reveals £45m surge in costs driven by business rates and other ‘higher-than-expected’ bills

The Guardian - UK

Reeves: UK will not be ‘buffeted around’ amid Trump tariff threats

Chancellor Rachel Reeves said the UK’s economic plan would ‘get us through challenging times’.

Evening Standard

London jobs crisis: Rachel Reeves has hit hiring and is driving posts abroad, warns Currys boss

Alex Baldock, chief executive of the technology giant, says the Chancellor has undermined the retail sector

Evening Standard

Miliband defends Starmer as Trump heads to Davos amid Greenland tensions

The US president is set to address the World Economic Forum in Switzerland.

The Independent UK

Zack Polanski: Tax wealth and cut inequality to make London a better city

Exclusive: Green Party leader hits out at Labour ‘attacks’ on him as parties gear up for the May local elections

Evening Standard

Love, actually? Starmer’s ‘keep calm’ approach to Trump comes under strain

Minister keen to stress politics is not like the movies but PM’s ‘pragmatic’ line is drawing increasing criticism

The Guardian - UK

Rachel Reeves hits back at two child benefit changes criticism during visit to London charity

Chancellor joins Deputy Labour Leader Lucy Powell on visit to the Felix Project in Ealing to see the work being done by charities helping London families

Evening Standard

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The Independent UK

Macron takes aim at ‘bully’ Trump as EU leaders ramp up response to president’s threats

French president urges ‘rule of law over brutality’ in a thinly veiled takedown from Davos, hours after the US president launches yet another attack on Nato allies with a rant against Keir Starmer's Chagos deal

Evening Standard

UK visa changes to help attract talented foreign workers announced by Chancellor

Rachel Reeves vowed to refund visa fees for some global businesses and speed up the time it takes for a company to qualify as a sponsor of migrant staff

Evening Standard

Re-joining EU customs union means losing benefit of trade deals, Reeves says

The remarks come as Rachel Reeves announced plans for the UK to reimburse visa fees and fast-track applications for top international firms.

Evening Standard

What is Davos 2026, who is attending and what is on the agenda?

Here is all you need to know about the annual event

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The Independent UK

Trump’s Greenland pressure stokes fears of economic hit

European leaders hinted at action to respond to Donald Trump’s tariff threats as Rachel Reeves pleaded for cool heads.

The Guardian - UK

Rayner urges Starmer to keep promise on leasehold reform

Ex-deputy PM says government must stick to plans to cap charges for leaseholders in England and Wales

The Guardian - UK

Number of employed people in UK falls again as wage growth slows

Shops, restaurants and hotels particularly hit by slowdown in hiring, as unemployment remains at 5.1%

The Guardian - UK

Davos: Reeves urges leaders to keep cool heads over tariff threat; Canada’s Carney stands with Greenland – as it happened

Rolling coverage of the World Economic Forum in Davos, where European Commission president says Europe must respond to geopolitical shocks

The Guardian - UK

Reeves plans to refund some visa fees in effort to attract ‘trailblazer’ investment to UK

Chancellor, who flies to Davos on Tuesday, will announce changes aimed at encouraging global firms to bring highly skilled staff to Britain

Evening Standard

Starmer seeks to steady ship as tensions simmer over Greenland

The US president said he was 100% committed to hitting the UK and European allies with tariffs.

The Independent UK

‘In a volatile world, Britain stands out’: Reeves to try to turn Trump tariffs into an opportunity for UK business

The chancellor and business secretary will both be attending Davos with a message that the UK ‘offers the stability’ that businesses need to invest amid increasing global volatility

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