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The Latest Breaking News from Rachel Reeves

British economy heading for ‘worst of all worlds’, business leaders warn over Labour Budget

After Rachel Reeves’s controversial Budget, the Confederation of British Industry warns the economy is ‘headed for the worst of all worlds’

The Independent UK

Sharp fall in UK business activity forecast as economic gloom deepens

CBI survey finds firms planning to reduce hiring amid weakest expectations for growth since November 2022

The Guardian - UK

Where Rachel Reeves can get help on the economy

Brief letters: Good advice | Visionaries | Map trap | Stobbies v Nobbies | Jelly breaks the mould

The Guardian - UK

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Rachel Reeves’ push to improve EU ties remains boxed in by red lines

Chancellor’s visit to EU meeting looks for smoother trade to improve growth but youth mobility scheme remains sticking point

The Guardian - UK

Let China build electric cars in UK, Tory ex-chancellor tells Rachel Reeves ahead of trade trip

Despite ‘spy’ scandal, Philip Hammond says Britain should now adopt a ‘pragmatic approach to Beijing’

The Guardian - UK

From Charli to Jilly to Moo Deng the hippo: the faces we won’t forget from 2024

Some made a splash in politics, social media, sport or the arts. Others took a brave personal stand. Observer writers and critics pick the names on everyone’s lips this year

The Guardian - UK

Revealed: Pensioners waiting more than 100 days for winter fuel payments

The Department for Work and Pensions backlog has grown to 91,000 and continues to rise

The Independent UK

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What the papers say – December 21

A wide range of stories adorn the front pages of Saturday’s papers.

Evening Standard

Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves

The Chancellor is dealing with a challenging economic landscape as she attempts to inspire confidence in Labour’s agenda.

Evening Standard

Reeves may have to U-turn over no more tax rises, warn economists

Dramatic economic slowdown means chancellor could face lower receipts and higher borrowing costs in 2025

The Guardian - UK

‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close

Since winning the UK’s general election in July, Labour has faced sharp swings in the economic outlook and a shifting public mood.

The Independent UK

Minister defends Labour budget as Bank of England issues dire growth warning

Businesses have responded to Chancellor Rachel Reeves hiking the minimum wage and increasing National Insurance contributions by cutting jobs and raising prices

Evening Standard

Kemi Badenoch meets Jeremy Clarkson amid backlash over Starmer’s tractor tax

The Tory leader has attached herself to the former Top Gear presenter’s campaign against Labour’s decision to scrap agricultural property relief

The Independent UK

Lift for Rachel Reeves as UK borrowing hits three-year low

Drop to £11.2bn a welcome figure for chancellor after backlash from business leaders to budget

The Guardian - UK

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Evening Standard

Starmer defends farm tax in face of questions from senior MPs

Sir Keir Starmer was questioned about the impact of the inheritance tax change during a Liaison Committee appearance.

The Independent UK

Starmer ‘giving with one hand and taking with the other’ despite £100m hospice funding boost

Rachel Reeves was dubbed ‘the Grinch who stole Christmas’ for refusing to exempt hospices from the national insurance hike in her Budget

The Guardian - UK

Thursday briefing: How Labour’s so-called ‘surrender squad’ plans to regrow EU relations

In today’s newsletter: Starmer wants to ‘reset’ our dealings with the bloc, to the upset of Brexit-backing Tories. But what exactly does that mean, and what might Brussels agree to?

The Guardian - UK

Up to 100 Labour MPs could vote against Waspi payout refusal

Lib Dems may force vote on refusal to compensate women, which has angered many backbenchers

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The Guardian - UK

Keep the faith with Father Christmas

Letters: Santa sceptic | Economic joke | The Piers participle | Humorous history | Newt memories

The Independent UK

Starmer accused of betraying Waspi women as he rules out vote on compensation

Downing Street said it had ‘no plans’ for a vote on the issue, adding MPs had had ‘an opportunity to have their say’ on Tuesday.

The Independent UK

Every Labour U-turn – from tractor tax to digital IDs – as Starmer rows back on postponing local elections

The Independent looks at all the times Keir Starmer has U-turned on his promises since taking office

Evening Standard

Keir Starmer faces calls to give MPs a vote on Waspi women compensation

The Prime Minister insisted taxpayers could not afford the £10.5 billion compensation package.

Fortune

Brewdog co-founder asks LinkedIn if he should delay marriage by 3 years to save on taxes

James Watt says hes investment in his fiancee Georgia Toffolo's raw dog food brand could cause a hefty tax bill unless he pushes back his marriage by three years.

The Independent UK

Watch live: Starmer faces Badenoch in final PMQs of 2024 as Labour defends Waspi compensation refusal

Watch live as Keir Starmer faces Kemi Badenoch in the final PMQs of 2024 as Labour defends its controversial Waspi compensation refusal.

International Business Times

Further Hike In UK Inflation Hits Rate Cut Chance

UK annual inflation climbed further above the Bank of England's target rate in November, official data showed Wednesday, firming expectations that it will avoid cutting interest rates this week.

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