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The Latest Breaking News from Rachel Reeves

Will UK supermarkets cap food prices and how could it work?

Everyday food items such as eggs and milk could have their prices capped, according to reports

The Independent UK

Supermarket bosses say food price caps would be ‘preposterous’ and ‘idiotic’

A government minister denied any concrete plans for price caps but confirmed ongoing discussions with supermarkets

The Independent UK

Government food price caps would be ‘preposterous and idiotic’, say supermarkets

A Government minister denied plans for price caps but confirmed that it is holding talks with supermarkets amid concerns over rising inflation.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Rachel Reeves to protect ‘critical’ clean energy projects from legal challenges

Chancellor’s planning shake-up in England and Wales would ‘reduce exposure from judicial review on all but human rights grounds’

The Guardian - UK

Streeting says he resigned because Labour ‘in fight of our lives against nationalism’, and is currently losing – as it happened

Former health secretary standing down after saying he no longer had confidence in Keir Starmer

The Guardian - UK

Inflation falls to 2.8% in April but Rachel Reeves braces Britain for it to spike in coming months

The drop from 3.3% in March was bigger than expected in the City

Evening Standard

UK inflation eases more than expected to 2.8%, led by lower electricity and gas bills – as it happened

Food inflation slows to 3%, led by meat and chocolate; prices of computer game downloads drop sharply; economists say benign inflation data reduces chances of June rate hike

The Guardian - UK

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Inflation drops back by more than forecast as energy offsets Iran war fuel hit

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation to 2.8% in April, down from 3.3% in March.

The Independent UK

UK inflation slows to 2.8% as energy price cap softens impact of rising fuel costs

Lower than expected April annual rate a lift for Rachel Reeves as impact of Iran war yet to fully hit households

The Guardian - UK

UK supermarkets urged to consider voluntary price caps on essential foods

Retail sources rebuff government proposal as ‘unjustified’ and likely to push costs up across board

The Guardian - UK

No feelgood factor for Reeves as Iran war snuffs out economic upturn

Rise in unemployment and weak pay growth underline how tough this year will be for UK households

The Guardian - UK

Rachel Reeves issued stark warning ahead of cost of living announcement

Rachel Reeves is being urged to go “much further” to help households struggling with the cost-of-living crisis – with the SNP accusing the…

The National (Scotland)

Reeves must go ‘much further’ to aid families in cost-of-living crisis, says SNP

Westminster economy spokeswoman Kirsty Blackman called on the Chancellor to act to help families – including those in the ‘squeezed middle’.

Evening Standard

Andy Burnham’s change in tack on fiscal rules and bond markets is understandable

Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investors

The Guardian - UK

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The Independent UK

IMF raises the UK’s growth forecast – and backs Rachel Reeves

IN FULL

The Guardian - UK

Reeves poised to cancel planned fuel duty rise to help with cost of living

Chancellor has been under pressure to extend 5p temporary cut at an estimated cost to government of £2.4bn a year

The Independent UK

Labour must stick to Reeves’ fiscal rules to avoid market chaos, IMF warns

UK economy sees growth upgrade but government advised to ‘stay the course’

Evening Standard

Iran war hit to UK growth less than feared but inflation still to rise – IMF

The International Monetary Fund (IMF) updated its growth projections a month after warning of a sharp slowdown caused by the global energy shock.

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The Guardian - UK

IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty

Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecasts

The Independent UK

Rachel Reeves could be set for U-turn on fuel duty increase

IN FULL

The Independent UK

Rachel Reeves could scrap 5p fuel duty hike

Chancellor under pressure to shelve plans to increase fuel duty amid ongoing blockade on Strait of Hormuz

The Guardian - UK

Monday briefing: Is the bond market making Britain ungovernable?

In today’s newsletter: The fate of Liz Truss is a warning to any PM thinking of implementing radical economic reform. But does the need to appease the market mean real change is always out of reach?

The Guardian - UK

UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%

Evening Standard

'Missed opportunity': London mayor Sadiq Khan slams plan for north of England Olympics bid

Spokesperson for Sir Sadiq hits out at the plans, saying it would be a ‘missed opportunity’ to exclude London from a future bid

The Independent UK

London mayor criticises plan for north of England Olympics bid

A spokesperson for Sir Sadiq hit out at the plans, and said it would be a ‘missed opportunity’ to exclude London from a future bid.

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