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The Latest Breaking News from Rachel Reeves

‘UK’s most powerful supercomputer’ launches in £1 billion AI drive

The machine is expected to process in one second ‘what it would take the entire global population 80 years to achieve’

The Independent UK

UK’s most powerful supercomputer comes online in major AI drive

Technology Secretary Peter Kyle flicked the switch on the Isambard-AI machine in Bristol on Thursday.

Evening Standard

Voices: As unemployment hits a four-year high, Rachel Reeves must now do whatever it takes

COMMENT : We now know that 178,000 jobs were lost in Labour’s first year in office, writes James Moore. So, what are you going to do about it, chancellor?

The Independent UK

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

Rachel Reeves says she wants to help first-time buyers. It won't work

Good evening! This week's edition of the In Common newsletter comes from Kaitlin Dryburgh, policy and communication co-ordinator at Common Weal.

The National (Scotland)

Labour backbench MPs push for tough, wholesale changes to gambling regulation

Large and growing group fear ministers may pull their punches when drafting new legislation to appease donors

The Guardian - UK

Reeves to pitch UK to G20 finance ministers as ‘beacon of stability’

Global uncertainty persists with the threat of US tariffs and the ongoing impact of the war in Ukraine.

Evening Standard

The Guardian view on Reeves’s trickle-down economics: deregulation dressed as economic renewal

Editorial: The ‘Leeds reforms’ revive a finance-first growth model – repackaging a failed economics as strategy, while sidelining real investment and wages

The Guardian - UK

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Rachel Reeves warned by City grandees not to weaken banking safeguards

Chancellor’s plan to slash red tape could raise financial risks and do little to help households, say architects of UK’s post-2008 reforms

The Guardian - UK

Worries about the UK economy are justified, but can the government afford to gamble on raising taxes?

Gloomy economic figures have heaped more pressure on the British government and its promise to improve growth. And if that wasn’t enough, there have also been some stark warnings about public finances and the country’s ability to service its debts.

The Conversation

Britons are less likely than Americans to invest in stocks – but they may not have the full picture

UK chancellor Rachel Reeves would like Britons to invest more in stocks – particularly UK stocks – rather than keep their money in cash. She has even urged the UK finance industry to be less negative about investing and highlight the potential gains as well as the risks.

The Conversation

Ad agency WPP asked to work on campaign nudging UK savers to invest in shares

Exclusive: City-funded campaign is endorsed by government, and aims to increase financial risk-taking in effort to spur growth

The Guardian - UK

Rachel Reeves unwittingly broke parliament rules by failing to declare gifts: watchdog

IN FULL

The Independent UK

Voices: Smiling Starmer steals PMQs victory as Badenoch misses her mark

In their last clash before the summer recess, the Tory leader struggled to expose Labour's record, writes John Rentoul

The Independent UK

Rachel Reeves is hoping deregulation will save the economy. We know how that ends

The chancellor’s emollient speech to City bosses this week was alarming. There are better ways to revive Britain’s fortunes, says Guardian columnist Larry Elliott

The Guardian - UK

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The Independent UK

Rachel Reeves inadvertently breached rules on declaring freebies, watchdog finds

The chancellor apologised for the error involving the declaration of theatre tickets for an adaptation of the classic children’s novel Ballet Shoes

The Guardian - UK

Isa shakeup: How can Rachel Reeves nudge savers into buying stocks and shares?

All you need to know, from investment pros and cons to what changes are on the table and how best to take advantage

The Independent UK

Voices: We’re all owed an apology for the disastrous MoD data leak

COMMENT: Defiant politicians like Ben Wallace need to stop trying to wriggle out of the events that led to a superinjunction, writes Sean O'Grady – and own up to what led to this catastrophe

The Independent UK

Voices: The ghost at the feast haunting Rachel Reeves’s bombshell speech to the City

COMMENT : Whisper it: What about wealth tax, chancellor, asks Andrew Grice

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The National (Scotland)

Keir Starmer fails to rule out bringing in tax on pension contributions

Fears are mounting that Labour are planning stealth taxes to patch up the straining public finances after Keir Starmer failed to rule out a new tax…

The Independent UK

Voices: Inflation has delivered a nasty shock – but don’t panic just yet...

COMMENT: The Bank of England can still cut rates at its August meeting, reassures James Moore. So, this blip may prove temporary...

Evening Standard

Swinney accuses Reeves of ‘channelling Thatcher’ with financial reforms

The Scottish First Minister criticised plans set out by the Chancellor in her Mansion House speech on Tuesday night.

The Independent UK

Annual house price inflation accelerating but rental price growth cooling – ONS

Property values rose by 3.9% on average in the 12 months to May, up from 3.6% annual growth in April, according to ONS figures.

The National (Scotland)

Fresh headache for Rachel Reeves as inflation jumps to 18-month high

Evening Standard

New levy on foreign students would be act of immense self-harm, Sadiq Khan warns Rachel Reeves

Mayor in Africa sparks new ‘red on red’ clash with Labour chancellor

The Independent UK

Inflation hits 18-month high as food prices climb

UK inflation rose to a near 18-month high in June, with the Consumer Prices Index reaching 3.6 per cent, an unexpected increase from 3.4 per cent in May. The drivers of the increase included food prices rising for the third consecutive month, and a significant rise in air fares. The…

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