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The Latest Breaking News from Rachel Reeves

Rachel Reeves says increase in lending capacity will help UK defence sector

The Chancellor said the move came on top of increased defence spending by the Government.

Evening Standard

Treasury to push ahead with cash ISA reform despite backlash

Some speculate the chancellor could return the tax-free savings limit to 2009 levels

The Independent UK

UK Government ‘blinded’ by money worries when it cut fuel payment, court told

Pensioners Florence and Peter Fanning, from North Lanarkshire, are challenging last year’s change to the winter fuel payment.

Evening Standard

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Winter fuel payment cut ‘tainted’ by lack of impact assessment, court told

Two Scottish pensioners have brought a legal challenge to the decision at the Court of Session.

Evening Standard

Labour Lunacy Sparks Fears of 'National Security Crisis' as UK Faces Decline

Britain is teetering on the precipice of a "national security crisis" and "historic decline" thanks to Labour's incompetence, a bombshell new report warns.

The Fashion Central

Benefits cuts could be watered down amid anger from Labour MPs

The UK Government could water down cuts to disability benefits amid anger from Labour MPs ...

The National (Scotland)

Scottish couple challenge UK Government Winter Fuel Payment cut in court

A final legal challenge against the UK Government’s decision to scrap the Winter Fuel Payment for pensioners will be heard at the Court of…

The National (Scotland)

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Labour needs an urgent history lesson. Its plans couldn’t fund a war and won’t boost growth

We are seeing a pale version of military Keynesianism, and for what? That money would be better spent fighting the climate crisis, says Guardian columnist Larry Elliott

The Guardian - UK

Thursday briefing: How Labour’s proposed benefits bill cuts could affect the most vulnerable

In today’s newsletter: The PM has paved the way for the chancellor to overhaul ‘indefensible’ incapacity and disability payments – are there echoes of the Tories’ war on ‘sicknote culture’?

The Guardian - UK

Britain's 'flabby' state to be reformed vows PM Keir Starmer - amid claim civil servants could be paid more

Sir Keir Starmer will set out plans to cut regulation and make Whitehall more efficient in a speech on Thursday

Evening Standard

PM to attack ‘cottage industry of blockers’ as he vows to cut red tape

Sir Keir Starmer is expected to set out plans to cut regulation and make Whitehall more efficient in an intervention on Thursday.

The Independent UK

Keir Starmer could face biggest rebellion over disability benefit freeze

Exclusive: Dozens of Labour MPs understood to have urged the government to think again

The Guardian - UK

UK drops down list of affluent nations after decade of stagnation, NIESR finds

Districts in Birmingham now ranked below poorest areas of France, Malta and Slovenia as institute urges rethink on planned welfare cuts

The Guardian - UK

Poorest in Britain worse off than Slovenia and Malta after 15 years of stagnant wages, report warns

A damning report found that the worst off in parts of Britain are now poorer than those in Slovenia and Malta after a decade and a half of stagnant incomes

The Independent UK

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The Guardian - UK

No cash Isa shake-up in spring statement, but Reeves still considering cuts

Reduction in maximum amount from £20,000 to £4,000 understood to be longer-term aim for chancellor

The Independent UK

Bank of England drops diversity rules for City firms as US rolls back DEI

The Bank’s enforcement arm, the Prudential Regulatory Authority, revealed the decision on Tuesday in the wake of major US firms scrapping diversity goals

Evening Standard

Welsh Secretary asked if she would resign over benefit cuts

Jo Stevens was questioned whether she will vote against any welfare cuts, as she did against similar proposals in 2015, and resign from the cabinet.

Evening Standard

Fact check: Labour’s council tax promise applied to 2023-2024

If they had been in power Labour said at the time they would have frozen council tax in the tax year ending in the spring of 2024.

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The Guardian - UK

The government’s climate plans are still ambitious and on-track, so why is Labour making so much anti-green noise?

With apparent support for airport expansion and fossil fuel exploration, it may look as if the party’s leaders are abandoning climate pledges, but it’s just pantomime, says writer Richard Power Sayeed

The Fashion Central

Keir Starmer Panics as Labour Revolt Forces Last-Minute Delay on Benefits Cuts Vote

Keir Starmer’s plan to overhaul Britain’s welfare system has hit a major roadblock, as fears of a Labour rebellion forced him to delay the announcement.

Evening Standard

Fury as Defra closes key nature-friendly farming scheme to new applicants

The abrupt move is described as ‘another shattering blow’ to the sector, which is already at loggerheads with Government.

The Guardian - US

The UK’s gamble on solar geoengineering is like using aspirin for cancer

Injecting pollutants into the atmosphere to reflect the sun would be extremely dangerous, but the UK is funding field trials

Evening Standard

Starmer, Reeves and Rayner host International Women’s Day event at No 10

Guests included Olympic athlete Dame Kelly Holmes and actor Anna Maxwell-Martin, alongside faith leaders, musicians, lawyers and others.

Evening Standard

Payment systems watchdog to be axed under move to cut ‘stranglehold’ on firms

The Payment Systems Regulator will be disbanded and merged within the Financial Conduct Authority.

Evening Standard

Fact check: FTSE 100 had its best day in five months in January

The index has not seen its best day in decades at any point during Rachel Reeves’ time as Chancellor.

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