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The Latest Breaking News from Rachel Reeves

Inside AstraZeneca’s abandoned UK vaccine plant deal as Labour and Tories face questions over £450m collapse

AstraZeneca’s planned vaccine hub for Liverpool is off the table - business editor Karl Matchett and Whitehall editor Kate Devlin question why it fell through

The Independent UK

Voices: Should Rachel Reeves pay for her mishandling of the economy?

COMMENT: Despite her audacious tax raids, an absence of ‘growth, growth, growth’ and, now, the prospect of stagflation, the chancellor cannot be blamed for everything that’s going wrong with Britain’s finances, says Sean O’Grady

The Independent UK

Bakerloo line extension and DLR to Thamesmead: TfL sends 'wish list' to Chancellor Rachel Reeves

TfL says investing in London can create jobs for the rest of the UK

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves

Huw Pill warns that ‘we’re not in a situation where we can declare job done’ on inflation

The Independent UK

Question Time sees Labour accused of 'spiteful' oil plot to block independence

A LABOUR minister was dealt devastating blows by the Question Time audience in Glasgow – with one member of the public accusing the party of a…

The National (Scotland)

Keir Starmer Leads Cabinet Meeting Amid Bank of England’s Grim Economic Forecast

Keir Starmer is holding an extensive cabinet meeting with senior ministers following the Bank of England's sharp revision of the UK's growth forecast.

The Fashion Central

Ed Miliband says he abides by collective responsibility on Heathrow expansion

Expanding Heathrow to build a third runway was among a throng of major projects Chancellor Rachel Reeves said the Government would support.

Evening Standard

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Bank of England pour doubts over major interest rate cut with fresh inflation prediction: Live

Interest rates were cut from 4.75 per cent to 4.5 per cent on Thursday

The Independent UK

Heathrow third runway fails to get backing from Ed Miliband who says decision on it 'some years off'

A bigger Heathrow is enthusiastically supported by Chancellor Rachel Reeves

Evening Standard

Ed Miliband U-turns on Heathrow expansion after previous opposition

Energy secretary insists expansion can be compatible with government’s net zero commitments

The Independent UK

US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

The Guardian - UK

Friday briefing: The Bank of England interest rate cut suggests there are more gloomy times ahead

In today’s newsletter: The Bank also downgraded its growth forecast for the UK, piling pressure on Labour to turn its rousing rhetoric on economic expansion into reality

The Guardian - UK

What the papers say – February 7

Here are the biggest stories leading Friday’s front pages.

Evening Standard

Bank of England interest rate cuts are a much-needed boost for the economy

THE INDEPENDENT VIEW: Editorial: The quarter percentage point cut surprised no one but it is still more significant than it sounds – and we can expect Rachel Reeves to make the very most of it in the weeks ahead

The Independent UK

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The Guardian - UK

‘Stagflation’ fears as Bank of England cuts growth forecast and warns of price rises

UK economy expected to grow by just 0.75% this year, in fresh blow to Rachel Reeves’s attempts to raise confidence

The Guardian - UK

Grim news for Rachel Reeves is good news for the FTSE 100

The stock market is not the economy – as shown by the new closing high after the Bank of England’s rates cut

The Independent UK

Financial Ombudsman Service chief quits months after Reeves’ call for reform

Abby Thomas has stepped down following criticism over the ombudsman service’s role in the motor finance commission scandal.

The Guardian - UK

The Observer view on a third Heathrow runway: Rachel Reeves is flying in face of a dire climate threat

On almost every level the chancellor’s decision to expand the London airport looks naive, if not foolish

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news in one place.

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Evening Standard

Bank of England cuts rates but slashes growth forecast in blow to Labour

The base rate fell to 4.5% on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Evening Standard

Interest rates: Why have they been cut and what does it mean?

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

The Independent UK

Gloomy growth forecast adds to Rachel Reeves’ woes

The Bank of England cut interest rates but halved its growth forecast.

Evening Standard

Recession alarm bells ring as Bank slashes 2025 growth forecast to just 0.75%

Inflation also expected to be higher than previously forecast, rising to 3.7% this year

The Independent UK

Bank of England cuts interest rates to 4.5% as it downgrades growth forecast

The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.

The Independent UK

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth

The Guardian - UK

Rate cut can lift mood but Bank’s forecasts are unambiguously bleak

Weak jobs market and above-target inflation will dent Reeves’s growth plans and may wipe out fiscal headroom

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