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The Latest Breaking News from Rachel Reeves

UK not planning retaliatory tariffs on US ‘at the moment’, says Chancellor

President Donald Trump has announced a 25% tariff on vehicles imported to the US will come into effect on April 2.

Evening Standard

Carmaker shares slide after Trump’s 25% tariff; British Steel proposes closing Scunthorpe blast furnaces – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

UK having ‘extensive’ talks with US on car import tariffs, Rachel Reeves says

A 25% tariff on vehicles imported to the US will come into effect on April 2.

Evening Standard

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Trump tariffs: Britain scrambling to strike last minute deal to avoid 25% levies on car imports to US

The US president’s tariff on cars move came only hours after Britain’s budget watchdog warned the levies could force Chancellor Rachel Reeves to raise taxes or cut spending

Evening Standard

Trump announces new car tariffs in big blow to UK

Trump announces 25% tariffs on vehicle imports in fresh blow to Reeves

The Independent UK

Thursday briefing: Rachel Reeves cuts to balance the books – but at what cost?

In today’s newsletter: The chancellor insists on sticking to her fiscal rules, even as charities and her own backbenchers make the case for the burden to fall on the richest in society

The Guardian - UK

‘At odds with reality’ – British media react to Chancellor’s spring statement

While some warned of further uncertainty, others accused Ms Reeves of mismanaging public finances.

The Independent UK

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Think tank forecasts lower-income households to be £500 a year worse off by 2030

Rachel Reeves has received criticism from unions and political opponents after she cut welfare and squeezed Whitehall budgets in her spring statement.

The Independent UK

Rachel Reeves swears this is not a return to austerity. What matters is that it feels like one

The ‘party of change’ says it’s bound by fiscal rules. What voters hear is that all governments are the same, says Guardian columnist Gaby Hinsliff

The Guardian - UK

What the papers say – March 27

Backlash and controversy surrounding the Government’s spring statement leads Thursday’s front pages.

Evening Standard

Reeves vows not to shy away from economic challenges amid statement criticism

The Chancellor warned there would be ‘no quick solutions’ to fix Britain’s financial woes.

Evening Standard

Ministers free up public land for thousands of new homes

Ministers will launch a new cross-Government taskforce aimed at speeding up housing development on publicly-owned land.

Evening Standard

Rachel Reeves defends freebies: ‘I’m not personally a huge Sabrina Carpenter fan, being a 46-year-old woman’

Rachel Reeves said she recognised her acceptance of free tickets to see Sabrina Carpenter in concert was “a bit odd”.

The Independent UK

Trump announces 25% tariffs on vehicle imports in fresh blow to Reeves

The US president announced that cars and light trucks imported into the US would be subject to the levy in the latest escalation of the Trump administration’s far-reaching trade war

The Independent UK

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The Independent UK

Rachel Reeves will soon be back to squeeze us again

THE INDEPENDENT VIEW: Editorial: The case with which Labour built its general election win – that it would fix the foundations of the economy – has been left woefully exposed by the chancellor’s spring statement

The Independent UK

Reeves rejects own government’s findings of cuts pushing 250,000 into poverty

An impact assessment, published today by the Department of Work and Pensions, said 3.2 million families will lose an average of £1,720 a year as a result of the changes

The Guardian - UK

Rachel Reeves accused of balancing books on back of UK’s poorest

Labour is braced for a backlash from its MPs over welfare cuts called ‘appalling’ by a food bank charity

The Guardian - UK

New spending on drones and lasers will ‘revolutionise’ UK defence, says Reeves

Chancellor says new money will help turn Britain into a ‘defence industrial superpower’

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The Guardian - UK

Tax avoidance whistleblowers will earn share of HMRC proceeds, says Reeves

Chancellor promises ‘compensation’ for information on tax-dodgers, based on US model, in move to close £1bn ‘tax gap’

The Guardian - UK

Spring statement 2025: what does it mean for your finances?

OBR says average income of 3.2 million families affected by benefits cuts will drop by £1,720 a year in real terms

The Guardian - UK

The Guardian view on Labour’s plan for stability: austerity in disguise

Editorial: Rachel Reeves campaigned on a message of change, but in office offers more of the same. The public are tuning out

The Guardian - UK

Labour MPs condemn Rachel Reeves’s ‘unacceptable’ welfare cuts

Backbenchers express anger as impact assessment shows 3.2 million households will be worse off

The Guardian - UK

‘I could end up homeless’: weighing the damage after Rachel Reeves’s welfare cuts

A disabled man considers the potential impact that losing disability benefits could have on his life

The Guardian - UK

No mention of green issues by Rachel Reeves, but her silence comes as a relief

Fact that chancellor swerved climate crisis and net zero targets suggests sector has avoided the axe for now

Evening Standard

We’ll have to ‘turbocharge’ efficiency drive after welfare cuts – Shona Robison

The Finance Secretary said the Chancellor’s decisions amounted to ‘austerity on stilts’.

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