The Latest Breaking News from Rachel Reeves

Reeves under pressure as UK borrowing sharply exceeds forecasts

IFS says chancellor ‘boxed in’ by promises before spring statement as February figure is much worse than expected

The Guardian - UK · Mar 21, 2025

UK Government borrowing overshoots forecasts ahead of spring statement

Public sector net borrowing was £10.7 billion in February, the Office for National Statistics said.

Evening Standard · Mar 21, 2025

‘Does it score?’ How the OBR became the key arbiter of the Treasury’s sums

Chancellor has very little headroom within her fiscal rules but is keen to keep Office for Budget Responsibility on side

The Guardian - UK · Mar 21, 2025

Kemi Badenoch Sounds Alarm on ‘Emergency Budget’ as Keir Starmer Defends Labour’s Tax Raid

Tory leader Kemi Badenoch has taken aim at Sir Keir Starmer over Rachel Reeves’ decision to hike employers’ National Insurance contributions from 13.8% to 15%.

The Fashion Central · Mar 20, 2025

Thousands of jobs at risk in shake-up of English councils, Unison warns

Union says it will be a ‘travesty if crucial public services are shut down’ in mergers of some county and district bodies

The Guardian - UK · Mar 20, 2025

Bank of England holds interest rates amid concerns over inflation and Trump tariffs

Interest rate remains set at 4.5 per cent but there are still expectations of cuts this year

The Independent UK · Mar 20, 2025

Bank of England says companies freezing hiring plans as it keeps interest rates on hold

Rate-setting committee also points to mounting global uncertainty as it pauses its cycle of reductions

The Guardian - UK · Mar 20, 2025

Austerity fears grow as Reeves plans major spending cuts in spring statement

A swathe of spending cuts are expected in order to balance the books amid the worsening economic outlook

The Independent UK · Mar 20, 2025

Chancellor Rachel Reeves prepares huge spending cuts to prevent tax hikes as spring statement looms

Whitehall budgets could be slashed by billions of pounds more than previously expected in a blow to public services

Evening Standard · Mar 20, 2025

Chancellor to announce huge spending cuts in spring statement

‘I don’t know how much longer we can go on pretending this is not austerity’

The Independent UK · Mar 20, 2025