The Latest Breaking News from Rachel Reeves

No feelgood factor for Reeves as Iran war snuffs out economic upturn

Rise in unemployment and weak pay growth underline how tough this year will be for UK households

The Guardian - UK · May 19

Rachel Reeves issued stark warning ahead of cost of living announcement

Rachel Reeves is being urged to go “much further” to help households struggling with the cost-of-living crisis – with the SNP accusing the…

The National (Scotland) · May 19

Reeves must go ‘much further’ to aid families in cost-of-living crisis, says SNP

Westminster economy spokeswoman Kirsty Blackman called on the Chancellor to act to help families – including those in the ‘squeezed middle’.

Evening Standard · May 18

Iran war hit to UK growth less than feared but inflation still to rise – IMF

The International Monetary Fund (IMF) updated its growth projections a month after warning of a sharp slowdown caused by the global energy shock.

Evening Standard · May 18

IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty

Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecasts

The Guardian - UK · May 18

Rachel Reeves could be set for U-turn on fuel duty increase

IN FULL

The Independent UK · May 18

Rachel Reeves could scrap 5p fuel duty hike

Chancellor under pressure to shelve plans to increase fuel duty amid ongoing blockade on Strait of Hormuz

The Independent UK · May 18

Monday briefing: Is the bond market making Britain ungovernable?

In today’s newsletter: The fate of Liz Truss is a warning to any PM thinking of implementing radical economic reform. But does the need to appease the market mean real change is always out of reach?

The Guardian - UK · May 18

UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%

The Guardian - UK · May 17

'Missed opportunity': London mayor Sadiq Khan slams plan for north of England Olympics bid

Spokesperson for Sir Sadiq hits out at the plans, saying it would be a ‘missed opportunity’ to exclude London from a future bid

Evening Standard · May 17