The Latest Breaking News from Rachel Reeves

Ed Miliband U-turns on Heathrow expansion after previous opposition

Energy secretary insists expansion can be compatible with government’s net zero commitments

The Independent UK · Feb 7, 2025

US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

The Guardian - UK · Feb 7, 2025

Friday briefing: The Bank of England interest rate cut suggests there are more gloomy times ahead

In today’s newsletter: The Bank also downgraded its growth forecast for the UK, piling pressure on Labour to turn its rousing rhetoric on economic expansion into reality

The Guardian - UK · Feb 7, 2025

Financial Ombudsman Service chief quits months after Reeves’ call for reform

Abby Thomas has stepped down following criticism over the ombudsman service’s role in the motor finance commission scandal.

The Independent UK · Feb 6, 2025

The Observer view on a third Heathrow runway: Rachel Reeves is flying in face of a dire climate threat

On almost every level the chancellor’s decision to expand the London airport looks naive, if not foolish

The Guardian - UK · Feb 6, 2025

Bank of England cuts rates but slashes growth forecast in blow to Labour

The base rate fell to 4.5% on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Evening Standard · Feb 6, 2025

Interest rates: Why have they been cut and what does it mean?

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Evening Standard · Feb 6, 2025

Gloomy growth forecast adds to Rachel Reeves’ woes

The Bank of England cut interest rates but halved its growth forecast.

The Independent UK · Feb 6, 2025

Recession alarm bells ring as Bank slashes 2025 growth forecast to just 0.75%

Inflation also expected to be higher than previously forecast, rising to 3.7% this year

Evening Standard · Feb 6, 2025

Bank of England cuts interest rates to 4.5% as it downgrades growth forecast

The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.

The Independent UK · Feb 6, 2025