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The Latest Breaking News from Rachel Reeves

Bank of England says companies freezing hiring plans as it keeps interest rates on hold

Rate-setting committee also points to mounting global uncertainty as it pauses its cycle of reductions

The Guardian - UK

Austerity fears grow as Reeves plans major spending cuts in spring statement

A swathe of spending cuts are expected in order to balance the books amid the worsening economic outlook

The Independent UK

Chancellor Rachel Reeves prepares huge spending cuts to prevent tax hikes as spring statement looms

Whitehall budgets could be slashed by billions of pounds more than previously expected in a blow to public services

Evening Standard

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

Chancellor to announce huge spending cuts in spring statement

‘I don’t know how much longer we can go on pretending this is not austerity’

The Independent UK

Why has the UK government announced swingeing welfare cuts?

Prime Minister Keir Starmer says cuts will save UK billions per year, but advocacy groups slam move as ‘immoral’.

Al Jazeera

Rate of UK shop closures expected to rise after budget tax changes – report

More than 12,800 stores shut in 2024, down on 2023, but extra costs expected to take toll this year, study suggests

The Guardian - UK

What the papers say – March 20

Political headlines dominate the front pages.

Evening Standard

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Rachel Reeves not expected to make tax changes at spring statement

It is understood that changes to the tax regime are not expected next week.

Evening Standard

Rachel Reeves to announce biggest spending cuts 'since austerity'

Rachel Reeves is set to unveil the biggest spending cuts "since austerity" in next week's Spring Statement ...

The National (Scotland)

Reeves to reveal biggest UK spending cuts since austerity in spring statement

Labour MPs uneasy as chancellor prepares even deeper reductions that economists say will harm key services

The Guardian - UK

Chancellor tells National Wealth Fund to back ‘higher risk’ projects

Rachel Reeves said she hopes the wealth fund, which was set up last year, will unlock £70 billion in private investment in the UK.

Evening Standard

‘My farm makes me just £50 a week – Labour’s scrapping of £1bn subsidy scheme will be devastating’

As Labour closes the sustainable farming incentive (SFI) for new applications, the party faces a backlash from farmers who say the decision will further put the country’s food security at risk

The Independent UK

New freeze on income tax thresholds in 'emergency Budget' not ruled out by Keir Starmer

Tory leader Kemi Badenoch challenged the PM on tax ahead of next week’s Spring Statement

Evening Standard

Starmer fails to repeat commitment not to extend freeze on income tax

In the autumn budget, Rachel Reeves decided not to extend the freeze on the thresholds at which people start to pay different rates of income tax.

Evening Standard

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The Fashion Central

Rachel Reeves' Bold Plan to Cut Jobless Rates Backfires Due to Her Own Mistake

There’s a major flaw in Chancellor Rachel Reeves’ plan to push people off benefits and into work—how can they get jobs if there aren’t any?

The Independent UK

How much tax do I pay on dividends and should I pay my salary through them?

Self-employed business owners can mix and match to suit their need - and investors should know what they’ll pay on dividends too

The Fashion Central

Millions Face £1,200 Benefit Cut as Rachel Reeves Pushes ‘Brutal’ Welfare Overhaul

Millions of disabled and long-term sick claimants could see their benefits slashed by as much as £1,200 a year as Rachel Reeves pushes ahead with major welfare cuts.

The Guardian - UK

Call it a defence levy or even a patriot tax – but Labour is going to have to raise taxes, fast

The world has shifted and defence spending has to rise. But time is running out for the government to make a case for it, says Guardian columnist Gaby Hinsliff

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The Guardian - UK

I believe Labour cares about those in need, but it must show that. It can’t go on like this

Every Labour government improves the lives of those with the least. But the framing and the targeting of these cuts is wrong, says Guardian columnist Polly Toynbee

The Fashion Central

Rachel Reeves Unleashes Bold Plan to Slash Red Tape and Supercharge UK Economy

Chancellor Rachel Reeves is summoning regulators for a meeting on Monday as the government pushes ahead with plans to cut bureaucracy.

The Independent UK

What the papers say – March 18

Sir Keir Starmer’s plans to cut disability benefits continue to dominate Tuesday’s headlines.

The Guardian - UK

Keir Starmer to unveil drastic disability benefit cuts despite opposition

Changes could deny benefits to people who need help to wash or to remember to go to the toilet

The Independent UK

Sick and disabled face being stripped of £1,200 a year each in welfare benefits as Reeves tries to balance Budget

As the OECD downgraded British growth forecasts, chancellor Rachel Reeves is still arguing over details of benefits cuts ahead of a major statement in the Commons

The Guardian - UK

Rachel Reeves is causing confusion on competition policy. What does she want?

Is the chancellor just tweaking, or is she rewriting the definition of ‘anti-competitive’ under consumer’s noses?

The Guardian - UK

UK regulators to face twice-yearly reviews as Reeves vows to slash red tape

Chancellor tells watchdogs she wants to cut down on overlapping regulation

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