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The Latest Breaking News from Rachel Reeves

Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Evening Standard

UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

The Independent UK

Gloomy economic forecast piles pressure on Reeves to secure trade deal with Trump

NEWS ANALYSIS: IMF downgrade lays bare the impact of Trump’s tariffs, with experts warning there could be more pain to come unless chancellor can secure a US-UK trade deal. Kate Devlin reports

The Independent UK

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IMF warns of ‘major negative shock’ from Trump’s tariffs

Global lender cuts forecasts for every major economy, with UK expected to grow by 1.1% this year, down from 1.6%

The Guardian - UK

London schools offering free breakfast clubs under Government plan: is your child eligible?

Prime Minister Sir Keir Starmer describes the introduction of free breakfast clubs in England as a ‘game-changing moment’ for families

Evening Standard

IMF slashes global growth forecast to 2.8% this year due to Trump trade war – as it happened

Growth forecasts for most advanced countries have been cut, as IMF warns that trade tensions will hurt economic activity

The Guardian - UK

Charities warn of record high child poverty if two-child benefit cap not scrapped

Failing to scrap the limit could put child poverty at its highest level since records began by the end of this parliament, charities have warned

The Independent UK

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Reeves to make case for free global trade at Washington IMF talks

Officials say UK faces a ‘new economic reality’, but chancellor will not strike US deal at any cost

The Guardian - UK

One more hard-hat photo opportunity for Rachel Reeves

Brief letters: Hard-hatting chancellor | Welcoming US academics | Water fines | Customer service | Skincare routine

The Guardian - UK

Beijing threatens countermeasures against countries that ‘appease’ Washington in trade war

Statement from commerce ministry criticises ‘selfish’ countries that make any trade deals with the US that harm China

The Guardian - AU

The Guardian view on City deregulation: a recipe for recklessness

Editorial: The Treasury seems to think relaxing financial rules will boost growth. There’s little evidence for this idea – and every reason to believe it could exacerbate risks

The Guardian - UK

Rebel Labour MPs double down on opposition to Starmer’s welfare cuts: ‘The whole policy is wrong’

Labour rebels are hardening their stance against the welfare cuts, with ministers planning a compromise to ease opposition

The Independent UK

Labour must focus on risk to global financial stability posed by Trump policies, not only trade

As Rachel Reeves heads to US for IMF meetings, stance appears unaltered despite chaos unleashed by White House

The Guardian - UK

The Observer view on poverty: promises won’t get children off the breadline

It’s not good enough for Labour to say that there’s no money to tackle the problem – raising taxes risks losing a few votes but for the greater good

The Guardian - UK

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The Independent UK

Rachel Reeves goes to Washington – and will need nerves of steel

Editorial: The chancellor can only make the case for free trade and hope for the best

The Fashion Central

“Proof Politics Is Broken” Rachel Reeves and David Lammy Spark Outrage Over Embarrassing Performances

What on earth is going on with British politics? From arrests and incompetence to complete public disillusionment.

The Guardian - UK

Cutting business ties with China would be ‘foolish’, Reeves says amid reports of US pressure

Chancellor supports economic ties with Beijing as she prepares to fly to US next week for trade deal talks

Evening Standard

London's decade-long millionaire exodus may be as damaging as losing 1.5 million taxpayers, analysis suggests

Exclusive: Tax rises, Brexit and a weakening pound to blame for 30,000 millionaires fleeing the capital in ten years — an average of eight a day

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Evening Standard

Reeves: Cutting ties with China would be ‘foolish’

The Chancellor is due to hold talks with the US next week amid efforts to strike a trade deal.

The Independent UK

Starmer urges free trade in first call with Trump after UK hit by sweeping US tariffs

It comes as Rachel Reeves is due to hold talks with the White House next week amid efforts to strike a trade deal

The National (Scotland)

Keir Starmer and Donald Trump discuss ‘ongoing and productive’ trade talks

Keir Starmer has spoken to Donald Trump in his first call with the US President since he unveiled 10 tariffs on all goods imported to America from…

The Guardian - UK

Reeves to make case for trade deal in first meeting with US treasury secretary

Chancellor will push for deal that protects British car, steel and pharmaceutical industries amid tariff uncertainty

The Guardian - UK

As Labour frustration grows, could OBR forecasts be cut to once a year?

Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statement

The Independent UK

Trump warns ‘substantial’ tariffs will remain on imports as Reeves prepares for US talks

US president doubles down on trade policy as chancellor aims to secure trade deal for UK in Washington

Evening Standard

Reeves to hold talks with US as Trump says ‘no rush’ to strike deals

Britain is hoping a deal can help stave off the full brunt of the US president’s sweeping 10% tariffs on all goods imported to America.

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