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The Latest Breaking News from Rachel Reeves

Acorn project ‘crucial’, says minister after claim Reeves ‘going cold’ on scheme

UK energy minister Michael Shanks was asked by MSPs about the UK Government’s stance on carbon capture.

Evening Standard

Pressure mounts on Chancellor as inflation races to highest for more than a year

Official figures show Consumer Prices Index inflation jumped to 3.5% in April, up from 2.6% in March.

Evening Standard

UK politics: No 10 won’t say if fuel payments U-turn will be implemented in time for this winter – as it happened

Downing Street unable to say how many more pensioners would receive winter fuel payments or when changes would come in

The Guardian - UK

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Starmer reveals U-turn on cuts to winter fuel payments as Labour MPs threaten revolt and Reform surge in polls

The PM made the announcement in the Commons that the Government was reconsidering the controversial policy

Evening Standard

Report: Leaked memo shows Rayner wanted tax rises

IN FULL

The Independent UK

Rayner urged Reeves to consider wealth tax rises before spring statement

Memo from deputy PM to chancellor proposing eight potential measures highlights unease over spending plans

The Guardian - UK

Angela Rayner proposed array of tax rises in 'secret memo' to Rachel Reeves

Deputy Prime Minister set out proposals to reinstate the pensions lifetime allowance and change dividend taxes in the secret memo

Evening Standard

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UK inflation jumps to 3.5% in April on higher energy, water, road tax and air fare prices – as it happened

‘Awful April’ inflation surge casts doubt on summer rate cut as water bills rise most since 1988; chancellor ‘disappointed’ by cost of living pressures as she heads to G7 summit

The Guardian - UK

Food bank demand up by half in five years as charity urges Labour to act

“A whole generation” has now grown up in the UK while food banks are the norm, charity chief says

The Independent UK

Charity urges action on hardship as food bank demand up by half in five years

The latest figure of 2,885,086 is a 51% rise on 1,909,345 parcels given out in the year to March 2020.

The Independent UK

Around 1m pensioners paying income tax at 40% or above

The number of people at state pension age or older who are paying the tax at 40% or above has doubled in four years, according to HMRC figures.

Evening Standard

Britain ‘laser-focused’ on economic growth, Reeves says ahead of G7 Canada trip

Ms Reeves will insist that the UK is open for business to other nations, after a trio of deals with the US, India and the EU have been struck.

Evening Standard

Rayner ‘suggested tax raid on savers’ to Reeves ahead of spring statement

Angela Rayner said to have suggested reinstating the pensions lifetime allowance and changing dividend taxes in leaked memo

The Independent UK

Rayner ‘sent suggestions to Reeves on raising taxes ahead of spring statement’

The Chancellor has been adamant she will not turn to tax rises as part of the Government’s efforts to fund its policies.

Evening Standard

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The Independent UK

Reeves ‘considers U-turn’ on winter fuel payment cuts for millions of pensioners

The government has faced mounting calls to reverse the winter fuel cuts

Evening Standard

Rachel Reeves: SNP in absurd position over criticism of EU-UK fisheries deal

An SNP MP said a ‘growth-threatening Sword of Damocles’ has been placed over fishermen.

Evening Standard

Chancellor sidesteps calls to reverse cuts to winter fuel allowance and benefits

Ministers are reportedly considering making changes in a bid to placate Labour rebels.

The Independent UK

Millions of people could get £70 after Mastercard legal battle – check if you can claim

Those eligible will need to take action to receive their share

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The Independent UK

Rachel Reeves says £20,000 annual Isa limit will stay

Ms Reeves said she is ‘not going to reduce the limit of what people can put into an Isa but I do want people to get better returns on their savings’.

The Independent UK

Rachel Reeves U-turns on plan to cut Isa limit to £4,000

The chancellor will not drop the £20,000 per person limit currently allowed

Evening Standard

Reeves says Gulf trade pact is Government’s ‘next deal’ after EU summit

The Guardian - UK

UK ‘may need 92,000 extra public workers if fall in productivity continues to 2030’

Report suggests Rachel Reeves could be forced to spend £5.1bn if last year’s downward trend continues

The Guardian - UK

A Labour lost in the weeds can’t rebuild this country. Starmer must regain his nerve

Labour has good ideas and years left to change Britain. Why is it acting as if its time is almost up, asks Guardian columnist John Harris

The Guardian - UK

Bank of England should promise lower interest rates – and see off Nigel Farage

Rate-setters would fuel growth by clarifying policy and bringing rates low enough to encourage investment

The Guardian - UK

No 10 actively investigating winter fuel payment changes as fears grow over voter anger

Keir Starmer did not deny a rethink of benefit cut to 10 million pensioners blamed for Labour’s electoral losses

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