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The Latest Breaking News from Rachel Reeves

Dip in UK inflation offers respite for Reeves and paves way for interest rate cut

Unexpected fall last month will help ease Treasury and Bank of England fears after bond market sell-off

The Guardian - UK

UK Inflation Dips, Easing Some Pressure On Government

Britain's annual inflation rate unexpectedly fell to 2.5 percent last month, official data showed Wednesday, easing some pressure on the Labour government faced with economic unrest.

International Business Times

Surprise inflation dip provides ‘respite’ for Chancellor amid market turmoil

Chancellor of the Exchequer Rachel Reeves said she will ‘fight every day’ to improve people’s living standards.

Evening Standard

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Inflation remains above Bank of England target as Rachel Reeves fights for job

UK inflation unexpectedly fell by 0.1 per cent last month as a dip in hotel prices helped offset a jump in the cost of fuel, new official figures…

The National (Scotland)

Fall in UK inflation to 2.5% paves way for Bank of England rate cut

After week of turbulence in markets, ONS data sends bond yields falling and eases pressure on chancellor

The Guardian - UK

Inflation unexpectedly falls to 2.5% in boost for Reeves’s plans

In November, the Consumer Prices Index (CPI) came in at 2.6 per cent, where petrol, train travel, and live entertainment pushed up prices

The Independent UK

Keir Starmer is right to gamble on an AI revolution, but it might not pay out in time

The cash to match the prime minister’s ambition will have to come from other budgets long before any benefits are seen, says Guardian columnist Rafael Behr

The Guardian - UK

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What the papers say – January 15

A range of stories lead the papers on Wednesday.

Evening Standard

Ministers await inflation data as Reeves defends response to market turbulence

Chancellor Rachel Reeves is dealing with a period of turbulence in the UK financial markets.

Evening Standard

Two thirds of retailers to hike prices because of Rachel Reeves’ budget, industry warns

The British Retail Consortium said 67 per cent of the finance bosses they asked said they would raise prices

The Independent UK

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

70 per cent of polled CFOs are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months

The Independent UK

Two thirds of leading retailers warn Budget will force them to hike prices

The BRC poll of 52 chief financial officers found 70% are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months.

Evening Standard

The Guardian view on Rachel Reeves: turbulence caused by caution, cuts and criticism

Editorial: The chancellor isn’t going anywhere – but clinging to Treasury orthodoxy threatens Labour’s transformative growth agenda

The Guardian - UK

Stride’s Hamlet gag saves Reeves from slings and arrows of economic fortune

Instead of evaluating chancellor’s performance, her shadow apes rightwing press and calls for her sacking

The Guardian - UK

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The National (Scotland)

Will Rachel Reeves really be sacked as Chancellor?

RACHEL Reeves’s voice stuttered and shook as she addressed the Commons on Tuesday afternoon.

The Guardian - UK

Rachel Reeves blames global volatility for borrowing rates rise amid Tory criticism

Chancellor tells Tory MP to ‘get real’ and that UK bond market changes are similar to those in other countries

Evening Standard

Reeves tells MP to ‘get real’ as she defends decisions during Commons grilling

The Chancellor was also criticised for her visit to China, with SNP MP Dave Doogan saying it was ‘beyond parody’.

The Independent UK

Rachel Reeves refuses to rule out emergency spending cuts amid economic crisis fears

Downing Street left door open to an emergency Budget in the spring following the rising cost of government borrowing

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Evening Standard

'Don't panic,' Chancellor Rachel Reeves urged after Pound's fall and rise in cost of Government borrowing

The Chancellor earlier rejected calls to pull out of a trip to China to deal with economic woes in the UK

The National (Scotland)

Rachel Reeves refuses to rule out spending cuts amid economic turbulence

RACHEL Reeves has refused to rule out spending cuts – just a day after the Prime Minister declined to say whether Labour would take the axe to…

Evening Standard

Rachel Reeves faces questions over future in Hamlet-inspired Tory attack

The Chancellor insisted leadership is ‘not about ducking these challenges’ as she defended her handling of the economy.

Evening Standard

Rachel Reeves: From child chess champion to ‘iron’ Chancellor

She became Britain’s first female Chancellor in July against a daunting backdrop of a sluggish economy and competing demands for public spending.

The Independent UK

Reeves says market uncertainty shows need to kickstart economic growth

Chancellor Rachel Reeves faced MPs after turbulence in the markets sent government borrowing costs up and the value of the pound down.

The Independent UK

Watch: Rachel Reeves addresses controversial China trip amid market turmoil

Watch as Rachel Reeves answered questions in the House of Commons on Tuesday, 13 January, after returning from a trip to China criticised by political opponents for coinciding with a week of volatility for the pound and soaring yields on UK bonds.

International Business Times

UK Finance Minister Under Pressure To Restore Market Confidence

Britain's finance minister Rachel Reeves is expected to address parliament Tuesday to try and regain the confidence of markets in the face of rising pressure over the country's struggling economy.

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