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The Latest Breaking News from Rachel Reeves

Welfare reform has been postponed, but it isn’t going away

THE INDEPENDENT VIEW: Editorial: Labour’s overhaul of the benefits system failed because it was clearly a raid by the Treasury looking for savings at speed. The government should produce a Beveridge report for the 21st century – or risk a future, right-wing government taking up the challenge

The Independent UK

Starmer finally bolsters Reeves after her tears in the Commons spook markets

Chaotic PMQs sees chancellor upset – reportedly after clash with speaker – as PM fields questions over black hole left by U-turn

The Independent UK

Welfare climbdown lets genie out of the bottle, and no one knows what happens next

Government has double challenge to plug £5bn hole while restoring sense that it retains authority and control

The Guardian - UK

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Santander takeover of TSB is boost to Reeves as she fights to keep City’s trust

Purchase spares chancellor potential embarrassment of the Spanish high street lender giving up on UK

The Guardian - UK

Worries over future of Chancellor hit UK stocks, the pound and bond markets

A sharper fall for the FTSE 250 typified a drab day for more UK-focused stocks.

Evening Standard

Britain's Starmer backs his Treasury chief after U-turns dent the government's fiscal plans

British Prime Minister Keir Starmer’s office says Treasury chief Rachel Reeves is secure in her job after a series of government U-turns dented her revenue-raising plans

The Independent UK

Survival-mode Starmer throws tearful chancellor to wolves at PMQs

Even Kemi Badenoch was able to land punches after prime minister failed to guarantee Rachel Reeves’s position

The Guardian - UK

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Rachel Reeves year in review: Chancellor's 2025 is no cause for celebration

City confidence in her is rock bottom — and Rachel Reeves’s high wire act is just one misstep away from a full blown financial crisis, says Jonathan Prynn

Evening Standard

Voices: Has Kemi Badenoch finally shown the killer instinct to save her as Tory leader?

COMMENT: Her filleting of Starmer and Reeves in the Commons is arguably her biggest success since becoming opposition leader. It could silence complaints by her Conservative critics that she lacks the ruthless skills needed to become prime minister, writes Simon Walters.

The Independent UK

MPs vote to support proscribing Palestine Action as terror group

Home secretary Yvette Cooper said ‘violence and serious criminal damage has no place in legitimate protest’ as she gears up to ban the group

The Independent UK

UK bond yields rise sharply amid speculation over future of Rachel Reeves

Cost of government borrowing leaps as investors take fright from PMQs, before falling back as No 10 says chancellor staying in post

The Guardian - UK

How Starmer went from defiant to defeated as he scrambled to get his bill over the line

NEWS ANALYSIS: The debacle over the welfare reforms has stripped Keir Starmer of his authority and left his government damaged. David Maddox tracks how the prime minister lost control

The Independent UK

Pound and gilts slump amid doubts over Chancellor’s future

The pound slid by 1.14% to 1.358 against the US dollar on Wednesday.

The Independent UK

Ahead of Oasis' tour, a look at famous and brief band reunions: Nirvana, Outkast and more

The Britpop band Oasis will reunite for a 2025 world tour kicking off Friday in Cardiff, Wales

The Independent UK

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The Independent UK

Voices: Only Angela Rayner has emerged from the welfare debacle with her reputation intact

COMMENT: It took the intervention of the deputy prime minister to persuade the prime minister that the game was up – now some Labour MPs are wondering if she’ll replace him, writes John Rentoul

The Independent UK

Labour MP reintroduces bid for Hillsborough Law after campaign stalls

Ian Byrne (Liverpool West Derby), who was with family at the Hillsborough disaster in 1989, said a law is needed to restore faith in justice.

The Independent UK

Voices: It’s hard to see how Rachel Reeves can survive

COMMENT: The chancellor deserves our sympathy, writes Simon Walters, but resignation may now be inevitable. And her boss’s credibility has also taken a huge hit – the prime minister remains in office but not in power

The Independent UK

Voices: Watching Rachel Reeves crying in the Commons was quietly devastating

COMMENT: A single tear rolled down the chancellor’s cheeks at PMQs in a rare and distressing display of emotion from the ‘Iron Chancellor’. I found myself wanting to cry too, says Victoria Richards

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The Guardian - UK

Where does the welfare bill climbdown leave UK public finances?

With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gap

The National (Scotland)

Rachel Reeves 'argument with Speaker lead to tears'

RACHEL Reeves reportedly had an altercation with the Speaker before Prime Minister’s Questions leading her to cry in the chamber.

The Independent UK

Starmer backs Reeves after chancellor cries in Commons following welfare revolt

Keir Starmer has publicly supported chancellor Rachel Reeves after she was crying and appeared visibly distressed in parliament. Reeves' distress followed government U-turns on welfare reforms, which created a deficit in her budget plans. The welfare reform bill passed only after measures intended to generate long-term savings were removed. Some…

The Independent UK

Rachel Reeves appears emotional at PMQs after Starmer refuses to guarantee she will stay on

Rachel Reeves appeared emotional during Prime Ministers Questions on Wednesday (2 July), with Kemi Badenoch saying she looks "absolutely miserable”.

The National (Scotland)

Gilt yields spike following Chancellor Rachel Reeves's tears during PMQs

GILT yields spiked shortly after Chancellor Rachel Reeves was seen crying in the Commons during Prime Minister Questions ...

Evening Standard

No 10 says Starmer backs Reeves after Chancellor’s tears in Commons

Downing Street said the Prime Minister supported his Chancellor after Sir Keir Starmer declined to commit to her future in the Commons.

Evening Standard

Rachel Reeves in tears at PMQs after 'altercations with Starmer and Speaker' as markets rocked by speculation over her future

Downing Street later insisted that Ms Reeves ‘is going nowhere’ and has Sir Keir’s ‘full backing’

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