The Latest Breaking News from Rachel Reeves

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

Evening Standard · Jul 16, 2025

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…

The Independent UK · Jul 16, 2025

UK inflation rise makes it clear: the cost of living crisis has not gone away

Analysts say pressure will be on Bank to keep interest rates higher for longer, as consumers’ mood stays gloomy

The Guardian - UK · Jul 16, 2025

Diageo CEO Debra Crew steps down; UK inflation rises to 18-month high of 3.6% – as it happened

Crew leaves after investor disquiet over company’s lacklustre performance; UK food prices rise most since February 2024 but economists still expect August rate cut

The Guardian - UK · Jul 16, 2025

Wednesday briefing: Why Labour wants to cut financial red tape – and why critics fear that risks a new crisis

In today’s newsletter: Rachel Reeves has announced the ‘biggest financial regulation reforms in a decade’ – but are they enough to spark the economy?

The Guardian - UK · Jul 16, 2025

HMRC criticised by watchdog for failing to track billionaires’ tax

Report comes as government faces growing demands for wealth tax to improve health of public finances after welfare U-turn earlier this month

The Guardian - UK · Jul 16, 2025

How much tax do Britain’s billionaires pay? HMRC has no idea, damning report finds

The finding comes amid growing calls for a wealth tax among Labour MPs

The Independent UK · Jul 15, 2025

Tread carefully with reform of bank ringfencing, chancellor

Ditching the regulation in its entirety risks another financial crisis. Stamp duty on shares remains the background drag

The Guardian - UK · Jul 15, 2025

‘Urgent’ need for digital reform of banking payments, says Bank of England boss

Governor Andrew Bailey said he remained sceptical over the need for a digital pound, stressing that innovation in payments should be a priority.

Evening Standard · Jul 15, 2025

Britain cannot grow without ‘fighting fit’ finance sector, Rachel Reeves says

Ms Reeves, delivering her annual Mansion House speech to the financial services sector, said changes were needed for the UK to stay competitive.

Evening Standard · Jul 15, 2025