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The Latest Breaking News from Rachel Reeves

Trump’s Iran war could trigger global recession, IMF warns

UK growth slashed as worldwide economy could be thrown ‘off course’, with the risk of an energy crisis ‘on an unprecedented scale’

The Independent UK

Rachel Reeves ‘betraying’ drivers by not halving VAT on fuel – Robert Jenrick

Reform UK is calling on the Government to ‘lighten the load’ for drivers.

Evening Standard

Starmer chairs new committee to respond to Iran crisis

The formation of a new Cabinet committee is a signal the situation in the Middle East will have a prolonged impact on the UK.

Evening Standard

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UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened

International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025

The Guardian - UK

Families bearing cost of instability, says Chancellor amid US Iran blockade

Rachel Reeves is set to urge coordinated action to tackle the global economic shock caused by the war at a Washington summit.

Evening Standard

Iran war: Families will bear the cost of instability, says Chancellor Rachel Reeves

Rachel Reeves to urge coordinated action to tackle the global economic shock caused by Iran war

The Independent UK

Reeves to urge allies to co-operate amid economic turmoil from Iran War

Chancellor set to tout UK as ‘safe haven’ for investment amid meetings with major company bosses

The Independent UK

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Reeves: Mini nuclear reactor deal ‘more important than ever’ amid Iran crisis

The Chancellor said driving forward nuclear power was ‘always the right thing to do’.

Evening Standard

Reeves hands Rolls-Royce £600m to develop UK’s first mini nuclear reactors

The Chancellor said driving forward nuclear power was ’more important than ever’ amid the Middle East crisis

The Independent UK

Middle class to be £480 worse off as Trump's Iran war drives up bills, says think tank

Rising fuel and energy costs driven by Middle East conflict are forecast to impact UK incomes, with middle earners hardest hit

Evening Standard

Rachel Reeves warns of ‘cost to British families and businesses’ of Iran war

The Chancellor said the ‘immediate priority must be to ensure that the ceasefire holds’.

Evening Standard

It shouldn’t take a war for Britain to wake up to the need for food security

Everyone has a part to play in reducing our reliance on imported foods, but ministers must provide incentives, says Tim Lang of the Centre for Food Policy

The Guardian - UK

Martin Lewis issues his ‘new year’ money tips for households this April

There are checks that individuals at every income level can benefit from

The Independent UK

Using North Sea gas saved Britain billions last year, analysis shows amid calls for more drilling

Last week the government denied that Ed Miliband is expected to give the green light to the first major North Sea field project in almost 10 years

The Independent UK

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Evening Standard

Millions of graduates to have student loan interest capped at 6%

Ministers said the move would help protect borrowers from potential financial shocks.

International Business Times UK

Keir Starmer Energy Bill Pledge Slammed as 'Complete Scam' Amid New Tax Hikes

Keir Starmer's much‑touted £150 energy bill cut has faced criticism after frozen tax thresholds and new analysis suggested many taxpayers will pay more overall from April. Critics argue the Prime Minister's pledge appears less like a saving and more like a tax shuffle affecting millions of ordinary workers.

The Independent UK

Student loan interest rates to be capped after backlash over repayment costs

Student loan interest rates will be capped from September

Evening Standard

Government caps student loan interest rates at 6%

The Government said the move would help deliver stability and protections for graduates amid the prospect of increased financial pressures due to the Middle East war

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The Guardian - UK

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel Reeves

The Independent UK

Mansion tax could hit 165,000 homes in first year, Budget watchdog predicts

The Office for Budget Responsibility (OBR) estimated 165,000 properties will be affected in the policy’s first year, rising to 167,000 in 2030

The Independent UK

Starmer’s cost of living tsar calls for fuel duty cut to be extended in light of Iran war

Chancellor Rachel Reeves previously announced the 5p-per-litre cut in fuel duty would only be extended until the end of August

The Independent UK

Kemi Badenoch says Trump ‘should not abandon mess he’s made’ in Middle East

Mrs Badenoch said her message to Mr Trump would be “if you break it, you own it”

The Independent UK

Cooper refuses to say if US is still an ally as she vows to do everything possible to reopen Strait of Hormuz

The chancellor Rachel Reeves has expressed her anger at Donald Trump over the Iran war

The Guardian - UK

UK firms expect to raise prices more quickly as Iran war pushes up costs

Bank of England survey in March shows chief financial officers foresee 3.7% increase over coming year

The Guardian - UK

Trump’s trade war put the UK on the back foot. His actual war may break us

The government looks ill prepared for the coming stagflation storm – its ‘keep calm and carry on’ approach won’t survive a blast of reality, says Guardian columnist Larry Elliott

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