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The Latest Breaking News from Rachel Reeves

Pound slides to fresh 14-month low as stocks fall; rise in UK borrowing costs reverses – as it happened

Dollar jumps to over two-year high against major currencies as bets on US rate cuts recede; UK 30-year government bond yield eases after hitting fresh 27-year high

The Guardian - UK

Reeves back from China with one eye on bonds and the other on economic data

The chancellor will be monitoring the price of gilts after last week’s selloff and data to come on inflation and growth

The Guardian - UK

Business chiefs’ pessimism adds to pressure on Rachel Reeves

The figures came in a quarterly survey carried out in December.

The Independent UK

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Reeves returns from China to new crisis in top UK business confidence amid economic woes

A survey by Deloitte of the chief finance officers of major companies has revealed that business confidence is at one of its lowest points since the Covid-19 pandemic

The Independent UK

Why Starmer and Reeves are pinning their hopes on AI to drive growth in UK

The PM and chancellor believe AI will help British workers produce more, raising wages and releasing spare capital

The Guardian - UK

Labour to go 'all-in' on AI amid desperate struggle to regain control of economy

BRITAIN will go “all-in” for artificial intelligence as Labour outline their plan to harness the tech in a bid to turn around the dismal…

The National (Scotland)

One in six UK workers skipping meals to make ends meet, says TUC

Trade unions body finds 17% have skipped meal in past three months, and as many as 10% do so most days

The Guardian - UK

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Chinese investment of £600 million in UK ‘a start’, says Cabinet minister

Science Secretary Peter Kyle said the Chancellor has returned from China with ‘solid commitments for investment’.

Evening Standard

Despite the promises, Labour may have to acknowledge more tax rises are needed

It would be politically painful, but so are other options if Rachel Reeves is to improve UK’s broken public services

The Guardian - UK

Britain is a weak link in Donald Trump’s new world order, so it needs to find friends… fast

Amid deepening debt and an onslaught by the president-elect, Labour must calm the markets, then think big economically

The Guardian - UK

What the papers say – January 12

Here are the major stories making headlines this Sunday.

Evening Standard

The school which launched the Reeves sisters into politics would fail under Labour reforms, claim Tories

Tories claim improvements to the school which educated two of Keir Starmer’s cabinet ministers would not have been allowed by Labour’s education reforms

The Independent UK

Rachel Reeves must not ask the poor and the vulnerable to pay for her mistakes

THE INDEPENDENT VIEW: Editorial: The chancellor is contemplating cuts to disability benefits to balance the books but her gamble may backfire

The Independent UK

Reeves says London is 'natural home' for Chinese finance and defends Beijing trip

Ms Reeves hailed the trip as a ‘significant milestone’ in Labour’s re-engagement with China, saying she had agreed deals worth £600 million over the next five years

Evening Standard

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China And Britain Restart Economic Talks After Hiatus

China and Britain resume economic talks to strengthen ties and address challenges in their relationship.

The Guardian - UK

Reeves’ drive for growth seeks China lifeline after UK market turmoil

Chancellor’s mission to Beijing weighted with greater expectations

The Guardian - UK

If a Labour chancellor has to start cutting, keep calm. It’s not a betrayal

After Macron’s bruising failure to expand spending in France, unions need to realise that Rachel Reeves may have no choice but to dial back

The Guardian - UK

Reeves tries to regain her footing as UK economic recovery plan teeters

Risks at every turn for beleaguered chancellor seeking budget sweet spot

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The Independent UK

Voices: Rachel Reeves is heading for the brick wall of an emergency Budget

COMMENT: The chancellor has only herself to blame for failing to give herself any escape routes from humiliation, writes John Rentoul

The Independent UK

Reeves vows ‘action’ to meet fiscal rules amid rise in borrowing costs

Problems on the gilt markets have overshadowed the Chancellor’s trip to China.

The Guardian - UK

Reeves vows to stand by fiscal rules to achieve stability despite market turmoil

UK chancellor made comments during visit to China where agreements were made worth £600m to UK economy

The Independent UK

Reeves accused of abandoning principles over China in ‘delusional’ bid to save UK economy

Exclusive: Former cabinet minister Iain Duncan Smith said that the chancellor’s trip to Beijing was a desperate move ‘because she has trashed the economy’

The Independent UK

Watch: Rachel Reeves and Chinese counterpart He Lifeng hold joint news conference after trade meeting

Watch again as Rachel Reeves and her Chinese counterpart He Lifeng held a joint news conference on Saturday (11 January), following earlier trade meetings.

The Independent UK

Reeves says fiscal rules ‘non-negotiable’ during bid to boost ties with China

The Chancellor called for more UK-China investment, but said this must not come at the price of national security.

The Independent UK

Watch: Rachel Reeves attends economic talks in China as chancellor pledges to make UK ‘better off’

Watch again as Rachel Reeves attended economic talks in China on Saturday (11 January) as the chancellor pledged to make the UK “better off”.

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