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The Latest Breaking News from Rachel Reeves

Business news live: Pound and bonds recovering after Reeves gets backing, NS&I issue new Junior ISA rate

Stock markets updates and business news from Thursday

The Independent UK

Reeves is 'fine' and will be Chancellor 'into next election', says Starmer after her PMQs tears hit markets

The Prime Minister said he spoke to Ms Reeves on Wednesday evening and she is ‘fine’

Evening Standard

Thursday briefing: Labour is betting on an NHS overhaul to deliver real change, but can they pull it off?

In today’s newsletter: With no new funding and a workforce already stretched, questions loom over whether ambition alone can overcome a system in crisis

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

New NHS 10-year plan marks start of ‘major renewal of Britain’, Starmer pledges

The Prime Minister will unveil his vision for the NHS, as he seeks to shift focus away from several chaotic days in Westminster.

The Independent UK

PM fails to back tearful Reeves after welfare chaos

IN FULL

The Independent UK

UK's Starmer Backs Finance Minister After Tears In Parliament

UK Prime Minister Keir Starmer on Wednesday said that finance minister Rachel Reeves would remain in her role for "a very long time to come" after she appeared visibly upset in parliament as rumours swirled around her future.

International Business Times

Groups sue to stop Trump administration from using what they call unconstitutional tactics in raids

A federal lawsuit accuses President Donald Trump’s administration of systematically targeting brown-skinned people in Southern California during an ongoing immigration crackdown that has put the region “under siege.”

The Independent UK

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Reeves will be Chancellor ‘for a very long time’, PM says after Commons tears

The Prime Minister said it was ‘absolutely wrong’ to suggest the Chancellor’s visibly tearful appearance in the Commons related to the welfare U-turn.

Evening Standard

New NHS plan will ‘fundamentally rewire’ health service – Keir Starmer

New neighbourhood health services will be rolled out across the country to bring tests, post-op care, nursing and mental health teams closer to homes.

The Independent UK

Morning Mail: Sean ‘Diddy’ Combs guilty on two of five charges, banks ignoring interest calls, pear dinkum giant

Music mogul guilty of engaging women in prostitution but cleared of trafficking and racketeering; four major banks are not making it easy for customers to claim bonus deal

The Guardian - AU

Welfare reform has been postponed, but it isn’t going away

THE INDEPENDENT VIEW: Editorial: Labour’s overhaul of the benefits system failed because it was clearly a raid by the Treasury looking for savings at speed. The government should produce a Beveridge report for the 21st century – or risk a future, right-wing government taking up the challenge

The Independent UK

Starmer finally bolsters Reeves after her tears in the Commons spook markets

Chaotic PMQs sees chancellor upset – reportedly after clash with speaker – as PM fields questions over black hole left by U-turn

The Independent UK

Welfare climbdown lets genie out of the bottle, and no one knows what happens next

Government has double challenge to plug £5bn hole while restoring sense that it retains authority and control

The Guardian - UK

Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

The Guardian - UK

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Evening Standard

Worries over future of Chancellor hit UK stocks, the pound and bond markets

A sharper fall for the FTSE 250 typified a drab day for more UK-focused stocks.

The Independent UK

Britain's Starmer backs his Treasury chief after U-turns dent the government's fiscal plans

British Prime Minister Keir Starmer’s office says Treasury chief Rachel Reeves is secure in her job after a series of government U-turns dented her revenue-raising plans

The Guardian - UK

Survival-mode Starmer throws tearful chancellor to wolves at PMQs

Even Kemi Badenoch was able to land punches after prime minister failed to guarantee Rachel Reeves’s position

Evening Standard

Rachel Reeves year in review: Chancellor's 2025 is no cause for celebration

City confidence in her is rock bottom — and Rachel Reeves’s high wire act is just one misstep away from a full blown financial crisis, says Jonathan Prynn

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news in one place.

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The Independent UK

Voices: Has Kemi Badenoch finally shown the killer instinct to save her as Tory leader?

COMMENT: Her filleting of Starmer and Reeves in the Commons is arguably her biggest success since becoming opposition leader. It could silence complaints by her Conservative critics that she lacks the ruthless skills needed to become prime minister, writes Simon Walters.

The Independent UK

MPs vote to support proscribing Palestine Action as terror group

Home secretary Yvette Cooper said ‘violence and serious criminal damage has no place in legitimate protest’ as she gears up to ban the group

The Guardian - UK

UK bond yields rise sharply amid speculation over future of Rachel Reeves

Cost of government borrowing leaps as investors take fright from PMQs, before falling back as No 10 says chancellor staying in post

The Independent UK

How Starmer went from defiant to defeated as he scrambled to get his bill over the line

NEWS ANALYSIS: The debacle over the welfare reforms has stripped Keir Starmer of his authority and left his government damaged. David Maddox tracks how the prime minister lost control

The Independent UK

Pound and gilts slump amid doubts over Chancellor’s future

The pound slid by 1.14% to 1.358 against the US dollar on Wednesday.

The Independent UK

Ahead of Oasis' tour, a look at famous and brief band reunions: Nirvana, Outkast and more

The Britpop band Oasis will reunite for a 2025 world tour kicking off Friday in Cardiff, Wales

The Independent UK

Voices: Only Angela Rayner has emerged from the welfare debacle with her reputation intact

COMMENT: It took the intervention of the deputy prime minister to persuade the prime minister that the game was up – now some Labour MPs are wondering if she’ll replace him, writes John Rentoul

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