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The Latest Breaking News from Rachel Reeves

Reeves to announce £15bn for transport outside London ahead of spending review

The package for mayoral authorities is expected to include funding to extend the metros in Tyne and Wear, Greater Manchester and the West Midlands.

The Independent UK

Reeves to rip up 'pro-London' Treasury rules as she announces £15billion for transport outside South-East

Announcing a £15.6billion investment package, Rachel Reeves argued that Britain ‘cannot rely on a handful of places forging ahead of the rest of the country’

Evening Standard

Rachel Reeves looks to spending review to shift focus from welfare cuts

Ahead of next week’s statement, the chancellor is to announcing transport investments outside London

The Guardian - UK

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Rachel Reeves must take back control of the growth agenda

THE INDEPENDENT VIEW: Editorial: With next week’s spending review, the chancellor has a chance to correct all the mistakes she made in her first months at the Treasury. She should do all she can to put the government back in charge of events, rather than be pushed around by them

The Independent UK

Reeves faces cabinet revolt over fears manifesto promises will be ditched

IN FULL

The Independent UK

Labour ‘at war’ over Reeves’ spending review amid fears manifesto pledges will be ditched

Chancellor is facing a push to consider wealth taxes instead of cuts before she publishes her spending review next week

The Independent UK

Voices: First Sadiq, now Andy… will no one rid Keir Starmer of his turbulent mayors?

COMMENT: As the mayor of Greater Manchester proposes a ‘popular left programme’ – just days after the mayor of London defied Downing Street with a new plan for drug laws – is the prime minister under threat from colleagues with their own fiefdoms, asks John Rentoul

The Independent UK

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Destroying our natural wealth makes us poorer in every sense of the word

Partha Dasgupta’s landmark study provided way to put a value on nature – but many fear report has been sidelined

The Guardian - UK

Labour Under Pressure as Income Tax Freeze Extension Appears Increasingly Likely

The Chancellor, Rachel Reeves, is under growing pressure to break Labour’s manifesto pledge not to raise the so-called “big three” taxes—income tax, National

The Fashion Central

Rachel Reeves must hike taxes and slash spending to counter Trump tariffs: OECD

IN FULL

The Independent UK

OECD downgrades forecasts for UK growth as Trump tariffs hit world economy

Global growth is expected to fall below 3% for the first time since the pandemic

Evening Standard

Rachel Reeves threatens to sue Roman Abramovich over 'frozen' £2.5bn proceeds from Chelsea sale

The delay in releasing the funds is due to a disagreement between the UK government and his lawyers

Evening Standard

UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

The Guardian - UK

Government threatens to sue ex-Chelsea owner over frozen £2.5bn

Roman Abramovich was among the high-profile oligarchs sanctioned after Russia invaded Ukraine

The Independent UK

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Evening Standard

Government threatens legal action over Abramovich’s frozen Chelsea billions

The £2.5 billion proceeds from the sale of Chelsea FC has been frozen in a UK bank account since 2022.

The Guardian - UK

Rachel Reeves must think big to fund Labour’s ‘battle-ready’ Britain. Tweaks and tinkering won’t do

The whole tax and spending ship is an unseaworthy rustbucket. This spending review is a chance to fix it, says Guardian columnist Polly Toynbee

The Guardian - UK

Report casts doubt on Labour’s ability to hit affordable housing target

Exclusive: Chancellor urged to increase funding as study suggests government has overestimated its housebuilding figures for England

The Independent UK

Britain faces attacks from Russia ‘daily’, minister warns ahead of Starmer’s defence review

Defence secretary John Healey admits the size of the army will not start to grow until at least 2029 as he appears to confirm Labour want to buy fighter jets capable of firing tactical nuclear weapons

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The Independent UK

Rachel Reeves faces budget conundrum in spending review

IN FULL

The Independent UK

Rachel Reeves told it is ‘impossible’ to invest in growth, public services and net zero in spending review

Labour chancellor under pressure over spending plans as deputy prime minister Angela Rayner among those whose departments fail to settle budget with the Treasury

The Independent UK

UK to spend £1.5bn on new weapons factories in response to threat posed by Putin

Labour defence secretary John Healey and prime minister Keir Starmer to unveil new strategic defence review as war rages on the edge of Europe

Evening Standard

UK to build weapons plants and buy thousands of missiles in £6bn rearmament drive

The Government has pledged £1.5 billion as part of the strategic defence review into at least six munitions and energetics factories.

International Business Times UK

Rachel Reeves' Power Play: £50 Billion Pension Surge Aims to Rebuild Britain and Your Savings

UK pension schemes must double in size by 2030, creating £50 billion megafunds to boost investment returns and improve retirement savings for millions.

The Independent UK

Angela Rayner and Rachel Reeves clash over spending plans

IN FULL

The Independent UK

Angela Rayner and Rachel Reeves in stand-off over Labour’s spending plans

Exclusive: A Treasury deadline for agreeing departmental spending plans has passed with a clash over political direction between the chancellor and the deputy prime minister

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