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The Latest Breaking News from Rachel Reeves

Rachel Reeves U-turns over 'clumsy' benefits and pocket money comparison

Rachel Reeves has disowned her deputy’s “clumsy” comments comparing benefits to children’s pocket money – just hours after backing them ...

The National (Scotland)

Darren Jones ‘clumsy’ to compare benefits to pocket money, says Chancellor

Rachel Reeves’s deputy sparked outrage on Wednesday for making the comparison as he defended the Government’s cuts to welfare.

Evening Standard

New record high number of children in poverty in UK

The latest figure is the highest since comparable records began in 2002/03.

Evening Standard

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Carmaker shares fall after Trump 25% tariff move as Reeves warns against trade war

Chancellor says UK not planning retaliatory tariffs on US ‘at the moment’ while PM calls move ‘very concerning’

The Guardian - UK

Rachel Reeves 'certain' benefits cuts won't push people into hardship amid growing Labour unrest

The Chancellor was also forced to defend Treasury minister Darren Jones who compared the benefits cuts to taking pocket money away from his children

Evening Standard

Three in 10 children living in poverty, ‘shameful’ record figures show

At least 200,000 more children were living in poverty in the UK in 2024 compared to 2023, latest figures show

The Independent UK

Scottish Government will ‘look at every lever’ to avoid benefit cuts – Robison

It came after the Chancellor outlined cuts of almost £5 billion in her spring statement on Wednesday.

Evening Standard

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Reeves on a double knife edge as she could be forced to order ‘blockbuster’ tax rises, say experts

Critics said her future as chancellor is under threat as a result of errors she has made since taking charge of the economy last year

The Independent UK

US gives initial approval for Qatar to purchase MQ-9 armed drones for nearly $2 billion

The United States has given an initial approval for the energy-rich Mideast nation of Qatar to buy eight armed MQ-9B Predator drones for its military, an estimated purchase worth nearly $2 billion

The Independent UK

Rachel Reeves says she will not accept free concert tickets in future after criticism

Chancellor, who took family member to see Sabrina Carpenter, says she understands public feelings about politicians’ freebies

The Guardian - UK

Minister urges ‘cool heads’ as Rachel Reeves begs Trump not to slap tariffs on the UK

Industry figures show the US is the second largest export market after the EU for cars built in the UK

The Independent UK

Reeves has ‘no intention’ of accepting free concert tickets in future

It comes after a row over the Chancellor’s attendance at a Sabrina Carpenter concert with her family.

The Independent UK

Reeves’s statement will leave poorest £500 a year worse off, thinktank finds

Resolution Foundation says ‘outlook for living standards remains bleak’ after chancellor’s cuts to welfare

The Guardian - UK

Keir Starmer set to test the willingness of his fledgling coalition on Paris trip

ANALYSIS: As the prime minister arrives at the Elysee Palace to discuss Ukraine, Archie Mitchell discusses how his plans for a coalition of the willing are in danger of unravelling

The Independent UK

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Evening Standard

Reeves ‘absolutely certain’ welfare cuts will not push people into poverty

The Chancellor denied there will be further tax rises or spending cuts at the autumn budget in order to balance the books.

The Guardian - UK

‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – as it happened

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world events

The Independent UK

Five-point checklist all savers should do before the end of the financial year

Make sure your Isas, pensions and more are taken care of before the cut-off date

The National (Scotland)

UK not planning retaliatory tariffs on US 'at the moment', says Rachel Reeves

THE UK is not planning “at the moment” to introduce retaliatory tariffs on the US, Chancellor Rachel Reeves has said after Donald Trump imposed…

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news in one place.

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Evening Standard

UK not planning retaliatory tariffs on US ‘at the moment’, says Chancellor

President Donald Trump has announced a 25% tariff on vehicles imported to the US will come into effect on April 2.

The Guardian - UK

Carmaker shares slide after Trump’s 25% tariff; British Steel proposes closing Scunthorpe blast furnaces – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

UK having ‘extensive’ talks with US on car import tariffs, Rachel Reeves says

A 25% tariff on vehicles imported to the US will come into effect on April 2.

Evening Standard

Trump tariffs: Britain scrambling to strike last minute deal to avoid 25% levies on car imports to US

The US president’s tariff on cars move came only hours after Britain’s budget watchdog warned the levies could force Chancellor Rachel Reeves to raise taxes or cut spending

The Independent UK

Trump announces new car tariffs in big blow to UK

Trump announces 25% tariffs on vehicle imports in fresh blow to Reeves

The Guardian - UK

Thursday briefing: Rachel Reeves cuts to balance the books – but at what cost?

In today’s newsletter: The chancellor insists on sticking to her fiscal rules, even as charities and her own backbenchers make the case for the burden to fall on the richest in society

The Independent UK

‘At odds with reality’ – British media react to Chancellor’s spring statement

While some warned of further uncertainty, others accused Ms Reeves of mismanaging public finances.

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