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The Latest Breaking News from Rachel Reeves

Heathrow closure to cost UK economy up to £4.8m in lost tourism

As well as airlines and passengers, local business and the wider UK economy would be hit by the shutdown

The Independent UK

Budget 2025: What time is the Spring Statement – and what will be in it?

There have been several big policy announcements in the run-up to the event, most recently welfare changes to achieve £5 billion in spending cuts by 2029/30

The Independent UK

Beleaguered Rachel Reeves ranked worst Cabinet minister by Labour members

RACHEL Reeves has been ranked the least popular Cabinet minister by Labour members.

The National (Scotland)

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Thirteen years ago, Emma told me disability cuts nearly broke her family. Now, under Labour, it’s worse

In families like hers, the devastating impact of the £5bn cuts will be felt most keenly. It is a stain Labour may never be rid of, says Guardian columnist Polly Toynbee

The Guardian - UK

Reeves scapegoating bats to cut red tape is absurd, says Packham

Broadcaster and nature campaigner claims Labour’s attack on wildlife in push for economic growth is ‘PR disaster’

The Guardian - UK

Borrowing overshoot will test Rachel Reeves’s resolve on tax rises

Chancellor may see data as vindication for spending cuts but some analysts say more radical action will be needed

The Guardian - UK

UK economic growth forecast to be cut in half in blow to Starmer and Reeves

Major downgrade to growth forecast will pile further pressure on the chancellor

The Independent UK

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Pressure on Rachel Reeves as borrowing rises and 'economic growth forecast halved'

PRESSURE is piling on Chancellor Rachel Reeves as UK Government borrowing soared above forecasts last month – and reports say growth forecasts…

The National (Scotland)

Travel shares drop after Heathrow closure; UK deficit overshoots forecasts at £10.7bn – as it happened

Airline and hotel shares tumble as substation fire shuts airport, while UK borrowing jumped more than expected

The Guardian - UK

Reeves under pressure as UK borrowing sharply exceeds forecasts

IFS says chancellor ‘boxed in’ by promises before spring statement as February figure is much worse than expected

The Guardian - UK

UK Government borrowing overshoots forecasts ahead of spring statement

Public sector net borrowing was £10.7 billion in February, the Office for National Statistics said.

Evening Standard

‘Does it score?’ How the OBR became the key arbiter of the Treasury’s sums

Chancellor has very little headroom within her fiscal rules but is keen to keep Office for Budget Responsibility on side

The Guardian - UK

Government ‘absolutely up for the fight’ over net zero, Ed Miliband says

Exclusive: energy secretary says 2050 target is imperative, and accuses opposition of betraying of future generations

The Guardian - UK

Keir Starmer Lacks the Courage to Make the One Move That Could Save Britain

Something quite strange is happening in British politics right now—our Labour Prime Minister seems to be channelling his inner Tory.

The Fashion Central

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Evening Standard

Government not ‘blindly cutting spending’ or heading for austerity – minister

Chief Secretary to the Treasury Darren Jones also said cuts to spending at next week’s spring statement would not be an admission of economic failure.

The Guardian - UK

Bank of England in no hurry on interest rates – but cuts will come

Despite the decision to hold at 4.5%, businesses and households can take a confident view of the UK’s prospects

The Fashion Central

Kemi Badenoch Sounds Alarm on ‘Emergency Budget’ as Keir Starmer Defends Labour’s Tax Raid

Tory leader Kemi Badenoch has taken aim at Sir Keir Starmer over Rachel Reeves’ decision to hike employers’ National Insurance contributions from 13.8% to 15%.

The Guardian - UK

Thousands of jobs at risk in shake-up of English councils, Unison warns

Union says it will be a ‘travesty if crucial public services are shut down’ in mergers of some county and district bodies

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The Independent UK

Bank of England holds interest rates amid concerns over inflation and Trump tariffs

Interest rate remains set at 4.5 per cent but there are still expectations of cuts this year

The Guardian - UK

Bank of England says companies freezing hiring plans as it keeps interest rates on hold

Rate-setting committee also points to mounting global uncertainty as it pauses its cycle of reductions

The Independent UK

Austerity fears grow as Reeves plans major spending cuts in spring statement

A swathe of spending cuts are expected in order to balance the books amid the worsening economic outlook

Evening Standard

Chancellor Rachel Reeves prepares huge spending cuts to prevent tax hikes as spring statement looms

Whitehall budgets could be slashed by billions of pounds more than previously expected in a blow to public services

The Independent UK

Chancellor to announce huge spending cuts in spring statement

‘I don’t know how much longer we can go on pretending this is not austerity’

Al Jazeera

Why has the UK government announced swingeing welfare cuts?

Prime Minister Keir Starmer says cuts will save UK billions per year, but advocacy groups slam move as ‘immoral’.

The Guardian - UK

Rate of UK shop closures expected to rise after budget tax changes – report

More than 12,800 stores shut in 2024, down on 2023, but extra costs expected to take toll this year, study suggests

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