The Latest Breaking News from Rachel Reeves

International Women’s Day is marked on March 8.

Chancellor Rachel Reeves is expected to cut welfare spending in her Spring Statement later this month

RACHEL Reeves has been accused of “punching down” on some of the poorest in society after she signalled her plans to cut the social security…

Ministers say ‘unsustainable’ rise in spending must be tackled but many backbenchers fear changes will not work

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The UK could be poised to cut billions of pounds from its welfare spend as the Treasury takes the view that there is less room for manoeuvre in the finances than hoped. Only last October, Chancellor Rachel Reeves believed she had almost £10 billion of so-called “fiscal headroom”, essentially a…

Since the 1980s Britain’s military spending has grown in real terms, yet more than half of military jobs have been lost. The sector is hi-tech and low labour, says Khem Rogaly, a senior research fellow at the thinktank Common Wealth

Downing Street said there has been an ‘unsustainable rise in welfare spending’ and reforms will be set out in ‘the coming weeks’.

The current level of £20,000 allowed per person could be cut by 80 per cent

It will fall to Rachel Reeves and the Treasury to fund the PM’s crisis reset. I can help with that, as can John Maynard Keynes, writes Guardian columnist Polly Toynbee