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The Latest Breaking News from Rachel Reeves

UK inflation likely to rise because of Middle East war, says Rachel Reeves

Chancellor says she is ready to help households with rising costs but stops short of setting out specific steps

The Guardian - UK

Rachel Reeves issues warning over fuel prices and inflation as Iran war continues

Rachel Reeves has issued a stark warning regarding inflation amid fears that the escalating conflict in the Middle East could trigger another cost-of-living crisis in the UK, with fuel prices expected to surge.

The Independent UK

Can Trump bring back a military draft for the Iran war? Here’s how it works

Conscripting Americans into war remains deeply unpopular and is unlikely to have majority support in Congress

The Independent UK

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Rachel Reeves warns of ‘upward inflationary pressure’ caused by Iran war

The Chancellor said she was ready to support a ‘co-ordinated release’ of international oil reserves.

Evening Standard

Ministers eye new energy support as Iran war sends prices soaring

Derek Lickorish, chairman of electricity and gas firm Utilita, has warned ‘we just don't know’ how high gas prices will go

Evening Standard

FTSE 100 tumbles as Rachel Reeves to hold emergency meeting over oil prices

IN FULL

The Independent UK

'You're right to worry about your bills and jobs,' Starmer tells UK as oil tops $110 a barrel in Trump war

The US and Israeli attacks on Tehran have already sparked rises in the cost of oil, higher mortgage rates and hit stock markets

Evening Standard

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It’s time to honour the extraordinary women of the UK

THE INDEPENDENT VIEW: Editorial: The Independent marks International Women’s Day by publishing its annual list of the 50 most influential women in Britain – a celebration intended to inspire renewed progress towards equality

The Independent UK

Homeowners face higher mortgage rates as Donald Trump's Iran war hits FTSE 100

Nationwide, HSBC and Coventry Building Society are among lenders raising mortgage rates as the Iran conflict rages on

Evening Standard

Donald Trump Mocks Keir Starmer As 'No Winston Churchill' After Iran Caving

Donald Trump's claim that Keir Starmer is 'no Winston Churchill' has intensified scrutiny of Britain's Iran policy shift, exposing Cabinet tensions over legality, loyalty to Washington and the legacy of past interventions.

International Business Times UK

Ladbrokes owner Entain says gambling tax hikes will shrink regulated market

Entain said it was able to weather the cost rises but other smaller players may disappear from the market as a result.

Evening Standard

Ministers discuss ways to offset energy price surges caused by Iran war

Government’s claim to have lowered bills in jeopardy as households face £160 rise caused by soaring oil and gas prices

The Guardian - UK

Rachel Reeves dashed hospitality's hopes with her do nothing Spring Statement

My six point action plan could halt the decline and allow the sector to flourish again

Evening Standard

Private dentist market review launched by watchdog after Chancellor’s plea

Rachel Reeves urged the CMA last November to launch a review of private dentistry in a bid to ease the cost of living.

Evening Standard

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Evening Standard

FTSE 100 Live 05 March: Oil price higher, Rentokil leads stronger index

Calmer stock market conditions continued today despite a fresh rise for the price of oil.

Evening Standard

What is in store for London house prices and mortgage rates following the spring statement?

Mortgages, housebuilding and inflation — is there any good news for London buyers and homeowners?

The Guardian - UK

Rachel Reeves should scrap the North Sea windfall tax now

The UK should optimise North Sea oil and gas production while it transfers to renewables and nuclear developments

The Guardian - UK

Energy bills could rise by £160 after Iran conflict pushes gas prices higher

Household costs could reach £1,800 a year from July as UK market hits three-year high

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International Business Times UK

UK Economy Faces Budget Cycle Strain as Iran Conflict Volatility Hits Markets

Explore how global tensions and rising oil prices are impacting the UK's economic recovery, with insights into the upcoming Budget cycle and inflation risks.

Evening Standard

Reeves reaffirms commitment to end windfall tax in talks with North Sea bosses

The Chancellor met figures from BP, TotalEnergies and Serica in Downing Street.

Evening Standard

UK interest rates could go back above 4% if energy shock persists, Niesr warns

The National Institute of Economic and Social Research said the Bank of England will have to contend with a ‘shock’ to energy costs.

Evening Standard

Scrapping windfall tax on oil and gas is ‘utterly essential’, Swinney insists

The Scottish First Minister spoke out ahead of a meeting between Chancellor Rachel Reeves and North Sea leaders.

The Independent UK

Britain’s economic growth to be weakest in a century outside of pandemic and WWII, think tank warns

The UK’s top two economic think tanks – the Resolution Foundation and the Institute for Fiscal Studies – have issued dire warnings over economic growth and borrowing a day after Rachel Reeves delivered her spring statement

The Independent UK

UK faces tax hikes or cuts to public services in bid to hit defence spending target, IFS warns

IFS director Helen Miller said: ‘The takeaway is that we should not expect the Government to be able to meaningfully increase what we spend on defence’

Evening Standard

Tax burden heading to ‘uncharted territory’ with risk to growth, OBR warns

Budget responsibility committee member Professor David Miles said there was ‘clearly a risk’ in the historically high tax burden.

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