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The Latest Breaking News from Rachel Reeves

Income growth to stagnate as firms pass on taxes and benefits cut

Disposable income growth will vary significantly around the 0.5% five-year average, the OBR said.

Evening Standard

UK Spring Statement: Further budget cuts and halved economic growth

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

Euronews

Rachel Reeves does reasonable job of justifying fiscal prudence but welfare cuts cast shadow

Chancellor was able to point to glimmers of hope in spring statement despite economic growth forecasts being slashed

The Guardian - UK

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OBR warns of Trump tariff uncertainty as it downgrades UK growth

Treasury watchdog halves growth forecast to 1% for 2025 in report issued alongside spring statement

The Guardian - UK

Will Rachel Reeves’s tough decisions pay off? Our panel on the spring statement

The chancellor boosted defence spending while piling on further welfare cuts – all set against gloomy growth forecasts

The Guardian - UK

Housebuilding to hit 40-year high as red tape cut, but buyers ‘need support’

The Office for Budget Responsibility has forecast that Labour’s planning reforms will boost housebuilding by 170,000 over the next five years.

Evening Standard

Reeves’s benefit cuts to plunge 250,000 people into poverty, government admits

There was outrage as the chancellor announced yet more welfare cuts which are now set to affect 3.2 million families

The Independent UK

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Benefits cut, defence boosted in spring statement

Rachel Reeves has outlined a fresh set of changes to Government spending

The Independent UK

Labour cuts to push 50,000 children into poverty, UK Government's own figures show

LABOUR’S welfare cuts will push “an additional 250,000 people (including 50,000 children)” into relative poverty, according to the UK…

The National (Scotland)

Protesters rail against Labour welfare cuts set to push 250,000 more into poverty

Protesters gathered outside Downing Street to demonstrate against Labour’s cuts to welfare

Evening Standard

Labour MPs urge Rachel Reeves to rethink cuts to health and disability benefits

Debbie Abrahams, who chairs the Work and Pensions Committee, questioned how ‘making people sicker and poorer’ would help the economy.

Evening Standard

'A new era of austerity': Rachel Reeves slammed over £14bn cuts package

THE Chancellor has been asked to “tap up multi-millionaires for a few quid” to balance the nation’s books instead of cutting benefits for…

The National (Scotland)

Spring statement 2025 summary: Key takeaways from benefit cuts to tax crackdowns

As the chancellor was forced to deliver a brutal spring statement due to the flatlining economy, The Independent looks at what cuts Rachel Reeves rolled out

The Independent UK

Welfare cuts and growth slump: The key points from Rachel Reeves's Spring Statement

CHANCELLOR Rachel Reeves has used her Spring Statement to announce a series of public spending cuts ...

The National (Scotland)

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The Guardian - UK

Spring statement: Reeves blames ‘global uncertainty’ for deeper spending cuts

Chancellor says tougher measures required to plug fiscal hole after Treasury watchdog halves 2025 growth forecast

Evening Standard

Inflation to rise to 3.2% for 2025 as growth forecast slashed – OBR

The Office for Budget Responsibility (OBR) said on Wednesday that it expects UK gross domestic product (GDP) to rise by 1% in 2025.

Evening Standard

Spring statement: planning reform will take housebuilding to a '40-year high' says Chancellor Rachel Reeves

The Chancellor neglected any quick fixes for the UK’s broken housing market instead relying on planning reform to boost housebuilding over the next five years

Evening Standard

Spring statement at a glance: What was in Rachel Reeves’ announcement?

The Chancellor has made moves to reduce spending across Government.

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Evening Standard

Assisted dying law would be implemented in ‘safe and practicable’ way, says PM

A committee of MPs has finished scrutinising the Bill, which will return to the Commons next month.

The National (Scotland)

Rachel Reeves unveils fresh welfare cuts as growth forecast halved

RACHEL Reeves has set out further cuts to social security benefits as she confirmed the UK’s growth forecast for this year has been halved.

Evening Standard

Martha’s Rule is ‘reducing harm’ as thousands seek second opinion, MPs told

The scheme was set up following the death Martha Mills.

Evening Standard

Economic growth forecast halved as Reeves blames global instability

Chancellor Rachel Reeves was forced to set out further cuts in public spending after the Office for Budget Responsibility’s verdict.

Evening Standard

Spring Statement 2025: Key points announced by Chancellor Rachel Reeves in Budget update

The Chancellor slashed billions off her spending plans after blows to the public finances

The Independent UK

‘Welfare not warfare’: Demonstrators on Whitehall protest against cuts

It is expected further cuts to welfare will be announced as Rachel Reeves delivers her spring statement on Wednesday.

Evening Standard

Rachel Reeves sets out cuts to balance the books after budget watchdog’s verdict

The Chancellor updated MPs on the nation’s finances.

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