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The Latest Breaking News from Rachel Reeves

Minister: UK must balance national security concerns over China with trade aims

Catherine West made the remarks as she defended Chancellor Rachel Reeves’ trip to China.

Evening Standard

Rise in UK borrowing costs could push Reeves to new public spending cuts

Analysts say costs hitting highest level since 1998 risks wiping out almost all of chancellor’s £10bn buffer

The Guardian - UK

Mark Carney: the ‘rock star central banker’ weighing up run to be Canada’s PM

Former Bank of England governor in the frame as successor to departing Justin Trudeau

The Guardian - UK

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Princess Beatrice to join Rachel Reeves at 2025 World Economic Forum

Princess expected to speak on panel about private capital tackling climate change

The Independent UK

Government savings from winter fuel payment changes falling fast, analysis claims

The government said the controversial change would raise £1.4bn

The Independent UK

Scottish Labour MPs challenged to 'stand up to Keir Starmer' on NIC tax hikes

THE SNP have challenged Scottish Labour MPs to “stand up to Keir Starmer” on the National Insurance tax hike...

The National (Scotland)

New Budget blow for Starmer as retailers warn of price hikes and job cuts

Retailers will be particularly hard hit by chancellor Rachel Reeves’s planned hike to employers’ national insurance

The Independent UK

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Calls for general election ballooned after ‘foreign interference’, MP claims

Yasmin Qureshi said the petition may have collected some of its 3.02 million signatures as a result of ‘misinformation’ and campaigners abroad.

Evening Standard

With the economy is struggling, it’s time to listen to entrepreneurs

BUSINESS: Business leaders are pessimisitic about the impact of the Budget, writes Chris Blackhurst. But there is still much to be positive about as we head into 2025

The Independent UK

Voters see tractor tax as more damaging for Labour than Partygate for the Tories, poll reveals

Three of the prime minister’s most controversial decisions since taking office are seen as more toxic than the scandal of lockdown-busting parties in Downing Street during lockdowns, according to a new poll

The Independent UK

Firms to increase prices amid ‘pressure cooker of rising costs and taxes’

A new survey has found the majority of companies plan to raise prices, which could in turn stoke higher inflation.

Evening Standard

From Trump tariffs to AI: the big economic questions facing governments in 2025

The main issues confronting policymakers around the world seem particularly portentous this new year

The Guardian - UK

Wes Streeting insists Labour ‘did protect winter fuel allowance’ for pensioners

Wes Streeting defended the decision on winter fuel payment claiming that Chancellor Rachel Reeves "did protect winter fuel allowance for the poorest pensioners".

The Independent UK

Voters will thank Labour for scrapping winter fuel payments, Wes Streeting claims

Health secretary says Labour were forced to make unpopular decisions in its first six months in power

The Independent UK

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The Guardian - UK

The UK does have a ‘special relationship’ – but it’s with Europe

The government is only deceiving itself by trying to ‘make Brexit work’ and forlornly pursuing a trade deal with Trump

The Guardian - UK

New year, new Keir? Labour have big plans for 2025 - including taking inspiration from Thatcher

The party’s manifesto promised big policy reforms. Now, with his popularity in freefall, the prime minister must deliver to change the political narrative

The Independent UK

Pension bosses attack Rachel Reeves’ megafund plans over fears of government ‘cash grab’

Local authorities fear the government is eyeing up their £360bn of wealth to fund its spending plans, but that wealth was hard won

The Independent UK

Economists warn Treasury is likely to raise taxes even further this year

Almost 100 experts expect a low rate of economic growth this year

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news in one place.

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The Independent UK

People should be protected from catastrophic costs of upfront care – Streeting

The Health Secretary said ‘we’re determined to grip the crisis in social care’.

The Independent UK

Tax and pay hikes to see UK firms pay £2,300 more per low-wage worker in 2025

Tax burden set to hit new record high, analysis suggests

The Independent UK

Tax and pay hikes to see firms pay £2,300 more per low-wage worker this year

It will cost an extra £2,367 to employ someone over 21 earning the minimum wage this year, analysis by the Centre for Policy Studies showed.

The Guardian - UK

Labour’s economic agenda has all the right ideas – but it’s a race against time to make it work

This government needs to reverse at least three decades of financial woes, and it needs to show progress before its plan gets Trumped, writes economist Michael Jacobs

Evening Standard

OPINION - Have Labour crashed and burned already?

Disastrous policies fraught with unintended consequences, a wrecking ball budget and a total alienation of voters have got Labour off to a woefully bad start

The Guardian - UK

UK factory output falls at fastest rate since February amid tax rise fears

Pound drops to nine-month low against dollar after PMI for December signals further contraction in manufacturing

The Guardian - UK

At best, 2025 will be a year of slow economic recovery. As for the worst? Brace yourselves

With threats of recession, global fracturing and increasingly angry voters, Labour’s sticky start is unlikely to get any easier, says Guardian columnist Larry Elliott

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