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The Latest Breaking News from Rachel Reeves

G7 Finance Chiefs Push For Consensus Despite Trump Tariffs

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.

International Business Times

Voices: It’s all over for interest rate cuts – get your new mortgage deal now

COMMENT: The markets now expect only one more cut over the next year – and lenders are likely to react by raising their prices, writes James Moore

The Independent UK

Tax rises ‘feel inevitable’ after jump in Government borrowing

The Office for National Statistics said public sector net borrowing rose to £20.2 billion, its fourth-highest April figure on record.

Evening Standard

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Angela Rayner wanted migrant benefits cut in latest pushback against Reeves, leaked memo suggests

The leak appears to be the latest in a briefing campaign against the deputy prime minister, who has pushed back on Labour’s economic policies

The Independent UK

Jump in UK borrowing shows Rachel Reeves needs to relax her strict budget rules

As pressure grows on chancellor to rethink constraints she imposed on herself, No 10 adds to her problems

The Guardian - UK

UK government borrowing rises to £20.2 billion as pressure mounts on Rachel Reeves

The latest figure showed that the Chancellor had to borrow more money than expected over the month

The Independent UK

Pressure on Chancellor after Government borrowing jumps to £20.2bn

The Office for National Statistics said public sector net borrowing rose to its fourth-highest April figure on record.

Evening Standard

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UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

April figure more than expected and comes despite increase in employer national insurance contributions

The Guardian - UK

Social care leaders warn of tough times without ‘significant new funding’

A statement to the Chancellor is signed by dozens within the sector including the Local Government Association, representing councils providing care.

Evening Standard

Thursday briefing: Labour U-turns on winter fuel cuts – but is the political damage already done?

In today’s newsletter: After weeks of denial, Keir Starmer has announced plans to widen eligibility, but with criticism from both opponents and Labour MPs, the government’s handling of cost-of-living policies faces renewed scrutiny

The Guardian - UK

Winter fuel payment cuts were a panic measure finally put right

THE INDEPENDENT VIEW: Editorial: The move inadvertently caused maximum political damage to Labour – now, Keir Starmer’s surprise U-turn is an encouraging sign his administration has learnt from its mistakes

The Independent UK

Stormont Communities Minister calls for full restoration of winter fuel payment

Gordon Lyons welcomed the statement by Sir Keir Starmer on Wednesday but said it did not go far enough.

The Independent UK

Continuing to seek Chinese investment in the UK comes at a heavy political price

One major consequence of the UK government’s resistance to rejoining the European single market is that it is forced to go around the world seeking trade deals and investment.

The Conversation

Rachel Reeves’s interview disrupted by on-air audio glitch as Chancellor’s voice turns high pitched

A Rachel Reeves interview was stopped mid-air due to a technical glitch that resulted in her voice sounding extremely high pitched.

The Independent UK

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The Independent UK

Starmer U-turns on winter fuel payment cuts – but millions could still miss out this winter

PM forced to announce huge policy reversal to see off threat of revolt by Labour MPs – with pledge to make more pensioners eligible for cash to pay cold weather energy bills

The Independent UK

Voices: Angela Rayner’s soak-the-rich tax plans show what a smart operator she is

COMMENT: Once again, the deputy prime minister has proved that it is she – and not Keir Starmer – who is the force to be reckoned with in Labour, says John Rentoul

The National (Scotland)

Angela Rayner and Rachel Reeves in 'open warfare' on tax

ANGELA Rayner pushed for a new tax raid on savers in a secret memo sent to Rachel Reeves, it has been revealed

Evening Standard

Starmer indicates partial U-turn over winter fuel payments squeeze

Sir Keir Starmer told MPs he wanted more pensioners to be eligible for the payment after Labour’s decision to means-test it after coming into office.

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The Independent UK

Will Starmer’s U-turn on winter fuel payment cuts be enough to win back voters?

As the prime minister announces changes to chancellor Rachel Reeves’ hugely controversial policy after months of criticism, Whitehall editor Kate Devlin explains why ministers are acting now

Evening Standard

Cabinet in ‘open warfare’ over tax and MPs can’t trust Starmer, says Badenoch

The Tory leader said deputy Prime Minister Angela Rayner is ‘on manoeuvres’ and asked how MPs could ever trust Sir Keir after a U-turn on fuel cuts.

The Independent UK

UK's Starmer suggests that a policy which denied retirees fuel subsidies will be changed

British Prime Minister Keir Starmer has suggested that an unpopular measure which deprived millions of retirees of an annual winter fuel subsidy will be changed

Evening Standard

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.

The Guardian - UK

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

Evening Standard

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

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