The Latest Breaking News from Rachel Reeves

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 · Jul 2, 2025

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 · Jul 2, 2025

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 · Jul 2, 2025

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 · Jul 2, 2025

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 · Jul 2, 2025

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 · Jul 2, 2025

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 · Jul 2, 2025

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 · Jul 2, 2025

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 · Jul 2, 2025

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

The Independent UK · Jul 2, 2025