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The Latest Breaking News from Rachel Reeves

UK interest rates ‘to fall more slowly’ after tax rises and spending hikes in Rachel Reeves’ Budget

Influential Organisation for Economic Co-operation and Development also warns ‘risks and uncertainties high’ for global economy

The Independent UK

UK interest rates to fall more slowly than expected after Budget – OECD

The global economics body also increased its GDP forecast for next year on the back of higher public spending from the Budget.

Evening Standard

MPs support national insurance hike for employers amid ‘jobs tax’ warning

The Bill seeks to make changes to employers’ contributions from April 6 2025.

The Independent UK

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Reeves insists public services will have to ‘live within their means’

The Chancellor suggested the risk of economic shocks meant she could not guarantee there would be no further tax rises.

Evening Standard

Reeves refuses to rule out further business tax rises

Chancellor under pressure as Starmer shifts focus to higher living standards

The Independent UK

Reeves repeatedly declines to guarantee no more borrowing or tax rises

At Treasury questions on Tuesday, Rachel Reeves was asked multiple times to re-commit to her earlier pledge on taxes.

Evening Standard

New Covid corruption chief to leave ‘no stone unturned’, Reeves warns

Tom Hayhoe has been appointed to to claw back taxpayers’ money wasted on deals during the pandemic.

Evening Standard

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MPs back PR bill in vote, a symbolic win for electoral reform campaigners – as it happened

MPs vote to give leave to bring in private members’ bill on PR but it will have no practical effect

The Guardian - UK

Chancellor appoints Covid corruption commissioner

Tom Hayhoe has started a review of £8.7 billion worth of PPE bought during the pandemic.

Evening Standard

George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy

‘Tax wealth, not work’ would be a powerful message for Starmer and Reeves – are they bold enough to pursue it, asks Guardian columnist Polly Toynbee

The Guardian - UK

Scottish ministers mull tax rise for wealthy amid tricky budget decisions

Finance secretary must find way to bring either Greens or Lib Dems onboard while plugging possible £200m shortfall

The Guardian - UK

Rachel Reeves appoints Covid corruption commissioner

Exclusive: Tom Hayhoe will examine an estimated £7.6bn of Covid-related fraud

The Guardian - UK

Rachel Reeves under pressure to scrap £2k electric car tax

It comes amid mounting concern over how the car industry will cope with current plans to boost the number of electric vehicles

The Independent UK

It is ‘obvious’ HS2 should extend into Euston, says rail minister

Lord Hendy of Richmond Hill was speaking as he revealed two new tunnel boring machines.

Evening Standard

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The Independent UK

More than half of Britons would support a farmers strike, poll shows

Voters back workers in the under-fire farming sector walking out on strike, viewing them as among the groups worst treated by Sir Keir Starmer’s government

The National (Scotland)

Rachel Reeves's sister to attend Cabinet in Labour's latest nepo move

RACHEL Reeves’s sister Ellie will now attend Cabinet in a coup for the dynastic wing of the Labour Party ...

The Guardian - UK

Eurozone manufacturers see ‘no sign of recovery’ as UK orders slow

France, Germany and Austria are especially hard hit, as British factory owners cut jobs and investment

The Independent UK

Confusion grows over Labour’s economic plan as minister refuses to rule out sidelining growth pledge

Alex Norris was repeatedly pressed on whether the government planned to sideline the PM’s pledge to make the UK the fastest growing economy in the G7

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The Guardian - UK

NHS bosses reportedly worried about Starmer’s pledge to cut waiting lists

PM expected to set target to carry out 92% of routine operations and appointments within 18 weeks

The Guardian - UK

Growth expectations among UK firms take ‘decisive turn for worse’, says CBI

Expectations negative for first time in 2024 as business confidence plummets since Rachel Reeves’s budget

The Independent UK

Britain sets aside £10bn for future payments to EU more than eight years after Brexit vote

Exclusive: To cover the continuing costs of Britain’s divorce from Europe, the government has accounted for £20.6bn in future payments for Brussels staff and diplomats’ pensions, as well as the UK’s pre-existing financial obligations

The Guardian - UK

Labour’s big relaunch won’t solve its biggest problem: this government doesn’t speak human

Farage and Trump are winning because they understand the politics of emotion, while Labour is lost in numbers and statistics, says Guardian columnist John Harris

The Independent UK

Starmer warned a UK-US trade deal would ‘destroy Britain’s family farms and food standards’

Warning comes as farmers prepare to descend on Westminster for a second time to protest planned changed to inheritance tax rules

The Guardian - UK

UK business confidence at lowest level since pandemic after tax-raising budget

Institute of Directors says hit to private sector will undermine growth and public finances

The Guardian - UK

Another election? Mr Caine is taking the Michael

Yes Labour have been taxier and spendier than their manifesto implied, but actors signing an Elon Musk-supported petition is a sinister step

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