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The Latest Breaking News from Rachel Reeves

London's decade-long millionaire exodus may be as damaging as losing 1.5 million taxpayers, analysis suggests

Exclusive: Tax rises, Brexit and a weakening pound to blame for 30,000 millionaires fleeing the capital in ten years — an average of eight a day

Evening Standard

Reeves: Cutting ties with China would be ‘foolish’

The Chancellor is due to hold talks with the US next week amid efforts to strike a trade deal.

Evening Standard

Starmer urges free trade in first call with Trump after UK hit by sweeping US tariffs

It comes as Rachel Reeves is due to hold talks with the White House next week amid efforts to strike a trade deal

The Independent UK

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Keir Starmer and Donald Trump discuss ‘ongoing and productive’ trade talks

Keir Starmer has spoken to Donald Trump in his first call with the US President since he unveiled 10 tariffs on all goods imported to America from…

The National (Scotland)

Reeves to make case for trade deal in first meeting with US treasury secretary

Chancellor will push for deal that protects British car, steel and pharmaceutical industries amid tariff uncertainty

The Guardian - UK

As Labour frustration grows, could OBR forecasts be cut to once a year?

Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statement

The Guardian - UK

Trump warns ‘substantial’ tariffs will remain on imports as Reeves prepares for US talks

US president doubles down on trade policy as chancellor aims to secure trade deal for UK in Washington

The Independent UK

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Reeves to hold talks with US as Trump says ‘no rush’ to strike deals

Britain is hoping a deal can help stave off the full brunt of the US president’s sweeping 10% tariffs on all goods imported to America.

Evening Standard

Government risked ‘throwing good money after bad’ in steel talks – Reeves

‘Government are going to play a big role’ in the future of steelmaking in Scunthorpe, Chancellor Rachel Reeves said.

Evening Standard

Reeves to have ‘conversations’ with US next week as work for deal continues

The UK is hoping a deal can help stave off the full brunt of US President Donald Trump’s sweeping 10% tariffs on all goods imported to the US.

Evening Standard

Reeves says inflation fall shows ‘plan for change is working’ – as it happened

Chancellor says wages are growing faster than prices but acknowledges many are still struggling with the cost of living

The Guardian - UK

Inflation falls to just 2.6% as cost of filling up the car drops on lower oil price

The main reasons for the fall included lower fuel prices and softer hotel rates

Evening Standard

Little sign that tax rise for employers will mean mass job losses, data shows

No dramatic shakeout so far, but jobs data may yet look like a snapshot of the calm before the storm of Trump’s tariffs

The Guardian - UK

What Labour and Mayor Sadiq Khan are doing to revive London's nightlife

Ministers want to remove ‘red tape’ they believe is hampering the night-time economy — and say they ‘back the British night out’

Evening Standard

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The Guardian - UK

Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise

Wages rise 5.9% in three months to February, while unemployment unchanged at 4.4%

The Guardian - UK

UK business confidence falls to lowest level in over two years, survey shows

Accountants’ institute says first quarter of 2025 was ‘harrowing’ for companies amid tax rises and US tariffs

The Independent UK

Race against time to secure future of British Steel as No 10 accuses Chinese owners of not acting in good faith

It comes as senior politicians across the political divide call on Keir Starmer’s government to block China investing in critical UK infrastructure

The Independent UK

The UK has taken British Steel back from China. But can it afford to jeopardise its trade relationship?

A last-minute takeover of British Steel has led the UK’s trade secretary to advise caution against Chinese investment in key sectors. Alicja Hagopian looks at if the UK afford to lose trade with China

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Evening Standard

Starmer, Rayner and Reeves release tax returns for first time since election

The tax returns cover a period of time when Labour was still in opposition, the 2023-24 tax year.

The Independent UK

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Independent UK

‘Savage’ UK cuts will deprive 55m people of aid around the world

IN FOCUS: Exclusive: The cuts will result in a reduction of key programmes for education, family planning, water and food aid. Alicja Hagopian and Kate Devlin report

Evening Standard

Fury over plans for 'spy dungeons' beneath new Chinese embassy in London

The Conservatives have accused Keir Starmer of adopting ‘a policy of appeasement’ towards China

The Guardian - UK

Do you yearn to hear Starmer condemn Trump? If so, you’re going to be disappointed

‘Don’t poke the beast’ remains the watchword at Number 10 even as the beast rampages around chewing the legs off the global economy

Evening Standard

Government announces extra help for businesses hit by US tariffs

The Chancellor said thousands of businesses would benefit from a move to expand UK Export Finance’s backing for firms by £20 billion.

The Guardian - UK

Rachel Reeves calls for global free trade fightback to protect UK economy

New measures announced to help tariff-hit British firms amid ambitious plans to foster closer ties with EU

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