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The Latest Breaking News from Rachel Reeves

Fresh blow to Reeves as UK’s economic forecast slashed amid warnings over Trump’s trade war

The UK’s economic forecast has been downgraded, once again dashing the government’s hopes of reviving Britain’s spluttering economy

The Independent UK

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs

The Guardian - UK

UK and global growth forecasts cut amid warnings over Trump’s trade war

The OECD warned that consumers would face much of the burden of the trade war as inflation is expected to be sent surging.

The Independent UK

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David Lammy says G7 considering further moves to pressure Russia into agreeing Ukraine ceasefire – as it happened

‘We have more cards we can play,’ foreign secretary tells MPs as he says G7 foreign ministers found ‘common ground’ when meeting last week

The Guardian - UK

Oil price lifted by US Houthi airstrikes and China economic hopes; Crispin Odey facing City ban and £1.8m fine – as it happened

Crude prices lifted by US-Houthi attacks, as City watchdog decides to fine Crispin Odey £1.8m and ban him from the UK financial services industry for ‘a lack of integrity’

The Guardian - UK

Met Office Warns: Sudden Spring Heatwave Set to Hit the UK

It looks like the UK is in for a bit of a surprise this week. Thursday could be warmer here than in Ibiza or Corfu, according to the Met Office.

The Fashion Central

UK’s Reeves floats ‘radical shake-up’ of bureaucracy to cut business costs

British chancellor to meet regulators on Monday to announce ‘action plan’ for cutting red tape.

Al Jazeera

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Reeves launches new bonfire of regulations in bid to boost economic growth

Regulators have been summoned to Downing Street on Monday for meeting with the chancellor amid plans to slim down or abolish the bodies

The Independent UK

Reeves may be forced to hike taxes as ministers refuse to rule out welfare U-turn

Think tank describes government plans to slash welfare as ‘regressive and rushed’

The Independent UK

Reeves to outline plan to cut regulation costs and boost growth

Chancellor will meet regulators after calling for action to restrict their scope in bid to save businesses billions

The Guardian - UK

Chancellor summons regulators to Downing Street in war on red tape

The Government has pledged to cut the number of quangos and slash the cost of regulation by 25%.

Evening Standard

Chancellor should raise taxes not cut spending to meet fiscal rules – think tank

Rachel Reeves faces a challenge to meet her fiscal rules amid faltering growth and higher borrowing costs.

The Independent UK

Starmer to drive through welfare cuts that could affect UK’s most severely disabled

PM faces backlash over plans to tighten eligibility, potentially leaving over 600,000 claimants £675 a month worse off

The Guardian - UK

Is Liz Kendall’s U-turn on disability benefits a sign of weakness or a victory for Labour rebels?

THE INDEPENDENT VIEW: Editorial: The work and pensions secretary’s unexpected reversal on disability benefit cuts signals a major shift in government welfare policy, sparking debate among Labour backbenchers and ministers alike

The Independent UK

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The Fashion Central

State Pension Chaos as Pensioners Face 6-Week Payment Delay After Rachel Reeves’ Mini-Budget

Savers are finding themselves in a bind as delays hit pension withdrawals, following Chancellor Rachel Reeves' decision to remove the inheritance tax (IHT).

The National (Scotland)

Rachel Reeves’s Spring Statement 'risks reducing Scottish Budget', think tank warns

THE upcoming Spring Statement risks reducing the Scottish Budget, according to a think tank ...

The Guardian - UK

Cuts to welfare. Cuts to international aid. Has Labour lurched too far to the right?

People on benefits are worried and some MPs are talking of ‘cruelty’. Is Keir Starmer’s plan to cut public spending a betrayal of his party’s values?

The National (Scotland)

Keir Starmer should apologise to disabled people over cuts uncertainty, says SNP

The SNP has suggested Prime Minister Sir Keir Starmer “should apologise” to disabled people for “allowing damaging speculation to run wild”…

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news in one place.

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The Independent UK

Streeting refuses to rule out U-turn on PIP disability benefits freeze as No 10 tries to avoid rebellion

Health secretary Wes Streeting was unable to say whether the government would freeze PIP as part of its welfare reforms this week

The Independent UK

Disabled people to get ‘right to try’ work without risk of losing benefits

In an attempt to stave off a growing Labour rebellion, the government has offered up a concession in its plan to slash the welfare bill

Evening Standard

Starmer should apologise to disabled people over cuts uncertainty, says SNP

Kirsty Blackman MP said any planned cuts to disability payments should be scrapped.

The Independent UK

Rachel Reeves ‘accepted free tickets to Sabrina Carpenter concert’ as freebies row reignites

Labour MP Rachael Maskell said reports of Ms Reeves accepting Sabrina Carpenter tickets are ‘deeply troubling’

The Fashion Central

Rachel Reeves Braces for “Awful April” as Flat Growth and Soaring Debt Spark Economic Fears!

Rachel Reeves is facing growing pressure ahead of her Spring Statement, with economic experts warning of an "awful April" as the UK struggles.

The Guardian - UK

Economists urge Rachel Reeves to bend fiscal rules instead of cutting welfare

Calls for chancellor to exclude defence from rules or raise taxes in response to spending pressure at spring statement

The Independent UK

Labour ‘to slash disability benefits for 1 million people’ as part of huge welfare cuts

Those who have difficulty washing, dressing or eating will be denied payments due to a tougher eligibility criteria

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