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The Latest Breaking News from Rachel Reeves

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

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‘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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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.

Evening Standard

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 Independent 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

The Guardian - UK

Keep the faith with Father Christmas

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

The Guardian - 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

The Independent UK

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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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The National (Scotland)

Eight times Labour figures backed Waspi women before compensation 'betrayal'

SEVERAL senior Labour figures have been called out on social media for previously showing their support for Waspi women...

Evening Standard

Reeves says Government taking ‘pragmatic’ approach to relationship with China

Rachel Reeves said national security came first but it was in the UK’s interests to trade with China.

The Guardian - UK

UK politics: Waspi campaign accuses Starmer of misinformation over claim 90% of women knew pension age to rise – as it happened

Activists say ombudsman’s findings ‘based on rigorous evidence 60% had no idea’ of changes

The Guardian - UK

Rachel Reeves: improving services more important than Waspi women payout

Chancellor says high cost of compensation cannot be justified because most of women affected had known pension changes were coming

Evening Standard

Rachel Reeves says compensation for Waspi women would not be fair to taxpayers

The Chancellor defended the decision not to pay an ‘expensive compensation package’, after she was confronted with her past support for the women.

The Independent UK

UK inflation increases as cigarettes and petrol drive price rises

The Office for National Statistics has announced the latest monthly Consumer Prices Index reading

The Guardian - UK

UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget

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