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The Latest Breaking News from Rachel Reeves

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict

The Guardian - UK

No 10 dismisses Reeves’s reported plan for freeze on private rents

Downing Street says focus will remain on cutting bills, backing renters and lowering energy prices

The Guardian - UK

Blow for Reeves as government borrowing costs jump to highest since global financial crisis

10-year gilt yields are highest since the global financial crisis

The Independent UK

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Rachel Reeves says BP’s huge profits ‘exactly why’ Government extended windfall tax

IN FULL

The Independent UK

Rachel Reeves considers one-year rent freeze – what it would mean

IN FULL

The Independent UK

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre

The Guardian - UK

Rachel Reeves considering rent freeze to limit Iran war fallout

Exclusive: Sources say chancellor is examining exceptional measures to protect household budgets

The Guardian - UK

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Reform UK’s ‘national fuel tax protest’ in Whitehall stalls as barely anyone turns up

The protest was a far cry from the tractors, lorries, and vans expected to swarm Westminster in protest at Rachel Reeves’ fuel duty tax increases

Evening Standard

Reform UK bus and taxi the only vehicles at Jenrick’s ‘national fuel protest’ as march called off

Billed as ‘national fuel protest’, the demonstration was shared on senior Reform UK members’ social media

The Independent UK

Minimal support for Reform UK fuel tax protests

The only vehicles which attended the demonstration were a double-decker bus and a taxi, both of which featured the party’s branding.

Evening Standard

London fuel tax protest LIVE: Demonstrators gather in Whitehall for Reform-organised 'national rally'

Reform’s deputy leader Richard Tice and London mayoral candidate Laila Cunningham join the Whitehall demo

Evening Standard

Unlucky chancellor? Iran shock hits Reeves just as UK seemed to turn corner

The economy and public finances were on the right path, bond yields were falling, interest rates likely to drop further … then came the US-Israeli attack

The Guardian - UK

The investment issues Labour must fix before the public can back its bid to join in

Education is vital but the campaign still leaves key gaps to overcome, Karl Matchett writes

The Independent UK

UK failing to attract wealthy individuals after non-dom changes, report says

The number of billionaires is set to reach nearly 4,000 by 2031

The Independent UK

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The Independent UK

Boost for Reeves as government borrowing drops – but Iran war means worse is to come

Fears are mounting over a hit to the public finances from the Iran war

The Guardian - UK

Iran war hurting UK economy as consumer confidence falls; BP’s new chair suffers investor revolt – as it happened

UK consumer optimism drops for third month running, as people grow more worried about the economy and their personal financial situation

Evening Standard

Annual Government borrowing drops unexpectedly to lowest in three years

The ONS said public sector borrowing was estimated to have dropped £19.8 billion to a lower-than-expected £132 billion in the year to March.

The Guardian - UK

UK undershoots annual borrowing target by £700m

Figure hits three-year low but Iran war expected to blow hole in Reeves’s fiscal ‘headroom’

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The Guardian - UK

Yes, retail investment needs a boost – but ‘Savvy Squirrel’ looks too tame

Ambition behind investing campaign is laudable, yet cutting stamp duty on share purchases, for example, would be much more savvy

The Guardian - UK

City firms bank on ‘Savvy Squirrel’ advertising campaign to push Britons towards investing

The campaign is part of government initiative to boost financial risk taking, amid fears UK growth is being stymied

The Independent UK

UK inflation jumped to 3.3 per cent in March. Here’s why

IN FULL

The Independent UK

Iran war drives UK inflation up to 3.3% in major blow for Reeves

Chancellor says Middle East crisis is ‘not our war, but it is pushing up bills for families and businesses’

Evening Standard

Trump's Iran war causes sharp UK inflation rise as headline rate jumps to 3.3%

Inflation jumped from 3% in February to 3.3% in March

The Independent UK

Starmer-Mandelson latest: PM could face Privileges Committee after claims he misled MPs

The Tories, SNP and Lib Dems are asking Sir Lindsay Hoyle to refer Sir Keir over the appointment of Lord Peter Mandelson - the PM has denied misleading MPs

The Guardian - UK

UK politics: Matthew Doyle claims he never sought ambassador role – as it happened

Olly Robbins told MPs he had been asked to get the ex-No 10 aide a role and not mention it to then Foreign Secretary David Lammy

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