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The Latest Breaking News from Rachel Reeves

Rachel Reeves's sister holds her hand after Chancellor cries at PMQs

LABOUR minister Ellie Reeves appeared to be holding her sister’s hand as she left the chamber on Wednesday, after Chancellor Rachel Reeves…

The National (Scotland)

Voices: Starmer has been given two black eyes by his party – but here’s how he could fight back

COMMENT: Bruised by his welfare reforms battle, the prime minister is on a hook of his own making. With a little help from Westminster, he can wriggle off, says Andrew Grice

The Independent UK

Reeves battles tears as Starmer declines to back her staying in post

The decision to scrap key parts of the welfare reform package has left the Chancellor facing the prospect of tax hikes to balance the books.

The Independent UK

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Rachel Reeves cries in Commons chamber as Labour descend into chaos

EMBATTLED Chancellor Rachel Reeves was seen crying in the Commons as the Prime Minister avoided confirming she would keep her job ...

The National (Scotland)

Reeves Grapples with Welfare Crisis: Concessions Spark Calls for a Sweeping System Revamp

Chancellor Rachel Reeves faces a backlash over £5 billion welfare cuts, offering £3 billion in concessions to quell rebels. Is a full welfare system revamp the answer?

International Business Times UK

With a £5bn hole to fill, the true battle on Keir Starmer’s hands is only just beginning

Sir Keir Starmer’s capitulation on welfare cuts has dented his authority and raised questions about his judgment

The Independent UK

Welfare bill climbdown will have ‘a cost’ at budget, says senior minister

Pat McFadden says U-turn will change calculations, as IFS says tax rises in autumn look increasingly likely

The Guardian - UK

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Minister declines to rule out tax rises amid welfare climbdown warning

Pat McFadden said that ministers ‘will keep to the tax promises’ in their election manifesto.

The Independent UK

Wednesday briefing: Last-minute reversal secures welfare bill’s passage – but at what cost to Keir Starmer?

In today’s newsletter: After frantic late negotiations, the government’s welfare overhaul has passed – now saving almost none of the money that the government said was crucial to its success

The Guardian - UK

Welfare U-turn raises questions over Labour’s tax plans

Sir Keir Starmer will face a grilling from MPs on Wednesday as he attempts to repair relations with his backbenchers.

Evening Standard

Starmer’s welfare reform vote: All you need to know

MPs have voted to allow the Government’s Universal Credit and Personal Independence Payment Bill to advance to the next stage in becoming law.

The Independent UK

The welfare reform vote: All you need to know

MPs have voted to allow the Government’s Universal Credit and Personal Independence Payment Bill to advance to the next stage in becoming law.

Evening Standard

Here's how the 37 Scottish Labour MPs voted on welfare reform

PROPALS to reform the welfare system have passed their first Commons hurdle, with MPs voting in favour of it after Keir Starmer was forced into a…

The National (Scotland)

Voices: There is one clear winner in the welfare debate… and it isn’t Liz Kendall

COMMONS SKETCH: The work and pensions secretary was made to defend her beleaguered benefits bill without either the prime minister or chancellor – which made for a poor show indeed, says Donald Macintyre

The Independent UK

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The Independent UK

Voices: Is this the end of your ISA? Not necessarily…

COMMENT : Despite their popularity, cash ISAs offer dismal returns, says James Moore. For once, Rachel Reeves may be right to slash the annual allowance and steer savers to riskier investments

The Independent UK

Voices: Labour’s rebel MPs have weakened Starmer – but the greatest damage is to themselves

COMMENT: Backbenchers who vote against the government whip today stood behind the PM to win the general election, but now seem determined to march themselves out of power, says John Rentoul

The Independent UK

Here’s when Rachel Reeves will unveil the details of her cash ISA cuts

IN FULL

International Business Times

UK Govt Faces Major Rebellion In Welfare Vote

UK Prime Minister Keir Starmer faced the most serious internal rebellion of his year-long premiership on Tuesday with MPs set for a close vote on welfare reforms that have already forced a damaging climbdown.

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Evening Standard

Any cut to cash Isa allowance ‘may not prompt savers to boost their investments’

There has been speculation that plans to reduce the annual tax-free cash Isa allowance could be announced later this month.

Evening Standard

Rachel Reeves can end the London exodus and unleash the City

In the latest in our London Unleashed series Peel Hunt’s Charles Hall outlines how the City can be revived

The Independent UK

Rachel Reeves set to cut cash ISA allowance in blow to savers — here’s what you need to know

Savers currently have a £20,000 ISA allowance but the chancellor is expected to overhaul the rules

The Conversation

How the UK became dependent on asylum hotels

Chancellor Rachel Reeves’s pledge to “end the costly use of asylum hotels in this parliament” is a rare thing in British politics: a policy supported by all major political parties and a range of refugee charities.

Evening Standard

Interactive map shows the London boroughs with highest council tax debts

£1.4bn owed to capital’s town halls in latest indication of cost-of-living crisis

The Independent UK

Voices: If AI kills off entry-level jobs, can the City survive?

COMMENT : Artificial intelligence has wiped out more than a quarter of all graduate, intern and junior positions in Britain’s financial sector – but the long-term consequences could be a death knell for a sector that traditionally teaches its new intake the skills needed to last an entire career, says…

Evening Standard

How do we make the London Stock Exchange great again?

Our most innovative companies are leaving the capital in droves. In this instalment of our London Unleashed campaign, top financier Ken Wotton looks at how we can halt the stampede

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