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The Latest Breaking News from Rachel Reeves

Rachel Reeves is besieged on all sides and needs a dramatic intervention to save UK economy

NEWS ANALYSIS: As Rachel Reeves prepares for a career defining speech in Washington DC, political editor David Maddox looks at the competing forces turning her dreams of economic growth into a nightmare

The Independent UK

UK Government borrowing exceeds forecast as tariffs to weigh on public purse

The latest figures from the Office for National Statistics show public sector net borrowing rose to £151.9 billion in the year to the end of March.

Evening Standard

New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

Evening Standard

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UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Chancellor may be forced to raise taxes or announce deeper public spending cuts, economists say

The Guardian - UK

UK borrowing nearly £15bn above official forecast as pressure grows on Reeves

New figures come as the UK’s growth forecast is slashed

The Independent UK

UK private sector shrinks as export orders slump; state borrowing nearly £15bn above official forecast – as it happened

Gloomy business surveys for UK, Europe and US show tariffs starting to take their toll but stocks, dollar rally on hopes of US-China trade deal

The Guardian - UK

UK-US trade talks live: Reeves insists Trump is ‘keen to do a deal with the UK’ ahead of crunch talks

The chancellor will have her first face-to-face meeting with US Treasury secretary Scott Bessent

The Independent UK

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Chancellor vows to defend British interests ahead of meetings in Washington

Rachel Reeves will meet American counterpart Scott Bessant for talks on an economic deal between the US and UK

Evening Standard

It’s official – Donald Trump is bad for the world economy

THE INDEPENDENT VIEW: Editorial: The IMF’s downgrade of global growth forecasts, a direct result of US tariffs, will only add to the pressure on chancellor Rachel Reeves to make the case during her visit to Washington for a fabled US-UK free trade agreement

The Independent UK

Reeves flies to US to push Trump to sign trade agreement

Chancellor hopes to persuade Trump to cut tariffs on Britain’s exports

The Guardian - UK

UK manufacturers to cut jobs ‘within weeks unless ministers can strike trade deal’

Bosses from automotive, manufacturing and energy warned MPs about effect of Trump tariffs

The Guardian - UK

Trump tariffs will slash UK’s economic growth, warns IMF

IN FULL

The Independent UK

Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Evening Standard

UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

The Independent UK

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The Independent UK

Gloomy economic forecast piles pressure on Reeves to secure trade deal with Trump

NEWS ANALYSIS: IMF downgrade lays bare the impact of Trump’s tariffs, with experts warning there could be more pain to come unless chancellor can secure a US-UK trade deal. Kate Devlin reports

The Guardian - UK

IMF warns of ‘major negative shock’ from Trump’s tariffs

Global lender cuts forecasts for every major economy, with UK expected to grow by 1.1% this year, down from 1.6%

Evening Standard

London schools offering free breakfast clubs under Government plan: is your child eligible?

Prime Minister Sir Keir Starmer describes the introduction of free breakfast clubs in England as a ‘game-changing moment’ for families

The Guardian - UK

IMF slashes global growth forecast to 2.8% this year due to Trump trade war – as it happened

Growth forecasts for most advanced countries have been cut, as IMF warns that trade tensions will hurt economic activity

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The Independent UK

Charities warn of record high child poverty if two-child benefit cap not scrapped

Failing to scrap the limit could put child poverty at its highest level since records began by the end of this parliament, charities have warned

The Guardian - UK

Reeves to make case for free global trade at Washington IMF talks

Officials say UK faces a ‘new economic reality’, but chancellor will not strike US deal at any cost

The Guardian - UK

One more hard-hat photo opportunity for Rachel Reeves

Brief letters: Hard-hatting chancellor | Welcoming US academics | Water fines | Customer service | Skincare routine

The Guardian - AU

Beijing threatens countermeasures against countries that ‘appease’ Washington in trade war

Statement from commerce ministry criticises ‘selfish’ countries that make any trade deals with the US that harm China

The Guardian - UK

The Guardian view on City deregulation: a recipe for recklessness

Editorial: The Treasury seems to think relaxing financial rules will boost growth. There’s little evidence for this idea – and every reason to believe it could exacerbate risks

The Independent UK

Rebel Labour MPs double down on opposition to Starmer’s welfare cuts: ‘The whole policy is wrong’

Labour rebels are hardening their stance against the welfare cuts, with ministers planning a compromise to ease opposition

The Guardian - UK

Labour must focus on risk to global financial stability posed by Trump policies, not only trade

As Rachel Reeves heads to US for IMF meetings, stance appears unaltered despite chaos unleashed by White House

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