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The Latest Breaking News from Rachel Reeves

Starmer-Mandelson latest: PM could face Privileges Committee after claims he misled MPs

The Tories, SNP and Lib Dems are asking Sir Lindsay Hoyle to refer Sir Keir over the appointment of Lord Peter Mandelson - the PM has denied misleading MPs

The Independent UK

UK politics: Matthew Doyle claims he never sought ambassador role – as it happened

Olly Robbins told MPs he had been asked to get the ex-No 10 aide a role and not mention it to then Foreign Secretary David Lammy

The Guardian - UK

Labour’s great green energy plan could be a legacy as vital as the NHS

Ed Miliband has a rare chance to do for the climate what Nye Bevan did for health: create something future generations will be proud of, says Guardian columnist Polly Toynbee

The Guardian - UK

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UK 'On Brink' Of Recession — 250,000 People Could Lose Jobs By Mid-2027 Due To Iran War

EY Item Club warns the UK will 'flirt with recession' as the Iran conflict oil shock pushes unemployment to 5.8 per cent and halves GDP growth forecast.

International Business Times UK

William Hill owner Evoke under £225m takeover bid from casino giant

The betting giant’s owner effectively put itself up for sale late last year

The Independent UK

William Hill owner Evoke confirms £225m takeover approach from Bally’s Intralot

FTSE 250-listed Evoke is in discussions over a 50p-a-share approach made by the Greek lottery and gaming group.

Evening Standard

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

The Guardian - UK

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Labour’s ‘crabwise’ approach to closer EU ties must address damage of Brexit

The damage to the economy dwarfs the upsides from the various non-EU trade deals the UK has struck since 2016

The Guardian - UK

‘I’m voting Reform – it can’t get any worse’: Starmer’s nightmare in England’s ‘bellwether’ election seat

For four decades, the voters of Swindon have consistently chosen MPs from the party that ends up governing the country. Ahead of the local elections in May, Alex Ross pays a visit to this bellwether town and discovers the one thing unifying residents: resentment towards the Labour Party and its…

The Independent UK

Reeves rightly fears the bond market, but she can afford to ditch one unhelpful rule

The chancellor has wisely vowed to drive down the annual deficit, but long-term defence investment must not be delayed

The Guardian - UK

‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington

Rachel Reeves joins global finance chiefs in highlighting how households and businesses are feeling the pain of higher energy prices

The Guardian - UK

Rachel Reeves to raise windfall tax on low-carbon electricity generators

Chancellor aims to curb households’ rising bills as she consults on reforms to weaken link between gas and electricity prices

The Guardian - UK

Oil price plummets as Iran declares Hormuz open

‘For stock and bond market bulls around the world, this is the perfect end to the week,’ said Kathleen Brooks, research director at XTB.

Evening Standard

Labour warned against ‘self-defeating’ welfare cuts to boost defence budget

The suggestion has been branded ‘extremely concerning’

The Independent UK

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The Independent UK

Rachel Reeves unveils oil drilling plan for North Sea

IN FULL

The Independent UK

Reeves backs further North Sea drilling to boost Britain’s oil and gas supply

Chancellor says government working with energy companies to open up tie-back sites in the North Sea

The Independent UK

The UK is losing a race against time to reach war footing

THE INDEPENDENT VIEW: Editorial: Our unreadiness for battle cannot be blamed on the present government, but even so, the prime minister and chancellor must be prepared to spend more to bring the country up to speed

The Independent UK

Reeves vows to break link between cost of gas and electricity prices in boost for UK households

“When gas prices are high, we end up paying more for our electricity, even though the cost of producing it doesn’t change,” the Chancellor said

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Evening Standard

Chancellor would ‘prefer not’ to hike tax again, amid calls for defence cash

The focus should be on how money is spent rather than on the ‘quantum’ of funding, Rachel Reeves said.

The Guardian - UK

Rachel Reeves warns other budgets may be cut to lift defence spending

Chancellor says she is ‘working through a range of options’ to boost the armed forces but does not want to put up taxes

The Independent UK

Streeting risks reigniting Labour civil war in row over benefits cuts to boost defence

Health secretary’s remarks on welfare budget come as ex-military chiefs warn of the peril facing the UK if No 10 fails to invest in defence

Evening Standard

Public should be ‘reassured’ by Iran war food shortage preparation – Peter Kyle

The Government’s reasonable worst-case scenario suggests there could be less variety on supermarket shelves should fighting continue unabated.

The Guardian - UK

Thursday briefing: What it will take for Britain to break up with natural gas

In today’s newsletter: The economic fortunes of the UK are intertwined with the price of the costly fuel – so why are we so slow to ditch it?

The Guardian - UK

IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA

The Independent UK

Ukraine-Russia war latest: Zelensky calls Putin a ‘global threat’ after Moscow’s deadliest aerial attack this year

Russian forces pound Ukraine with 700 drones and missiles in ‘horrendous attack’

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