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The Latest Breaking News from Rachel Reeves

Reeves will be committing ‘political suicide’ if she orders spending cuts, warns John McDonnell

Ex-shadow chancellor calls for wealth tax to tackle economic crisis

The Independent UK

Council tax bombshell for thousands of poorest Londoners as town hall cash crisis escalates

Boroughs propose 5% hikes as London mayor Sir Sadiq Khan prepares to unveil latest bill for City Hall

Evening Standard

UK politics: Starmer says ‘door remains open’ for Tulip Siddiq following her resignation as Treasury minister – as it happened

PM appoints Emma Reynolds as her replacement as Siddiq steps down but implies she could return to government in future

The Guardian - UK

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Starmer insists under-fire Reeves will be in job ‘many, many years’ and rules out emergency Budget: Live

Starmer and Badenoch clash over chancellor’s future in fiery PMQs

The Independent UK

Reeves faces grilling from MPs amid market turmoil

The Chancellor will answer questions in the Commons for the first time since her return from a trip to China.

Evening Standard

What the papers say – January 14

Here are the biggest stories leading Tuesday’s headlines.

Evening Standard

Reeves back at Cabinet meeting amid market turmoil

Concerns have swirled that the Government is in danger of failing to meet its own fiscal rules and will need to take action to remain on track.

Evening Standard

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No 10 backs Rachel Reeves to remain in post for rest of parliament

Keir Starmer offers support to underfire chancellor after bruising start to new year

The Guardian - UK

Who could be in the running to replace Rachel Reeves as chancellor?

News analysis: Keir Starmer gave his beleaguered chancellor the vote of confidence on Monday morning, but if he decided on a change in the Treasury who could replace her?

The Independent UK

Reeves will be Chancellor for whole of this Parliament, No 10 says

Sir Keir Starmer had twice declined earlier on Monday to say she would remain in the role until the next general election when asked by journalists.

Evening Standard

Mortgage rates edge up after Government borrowing costs soar and Pound falls

But they are not rising as sharply as after Liz Truss and Kwasi Kwarteng’s 2022 ‘mini-Budget’

Evening Standard

Treasury AI's 70 per cent accuracy rate 'better than humans doing it', tests find

The UK Treasury has begun using AI to reply to emails – and found that its 70 per cent success rate is “as good or better” than when their…

The National (Scotland)

Downing Street insists Rachel Reeves will be chancellor ‘for whole of this parliament’

The prime minister told an audience in east London that he is ‘completely confident’ in his team as pressure grows over the economy

The Independent UK

Keir Starmer says Treasury will be ruthless on public spending cuts

Chancellor’s tough approach to public spending ‘absolutely right’, says PM after cost of government borrowing rose

The Guardian - UK

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news in one place.

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Evening Standard

Keir Starmer gives full backing to Rachel Reeves as he claims AI can double UK productivity in a few years

The PM claimed the Chancellor was doing a ‘fantastic job’ despite the controversy over her Budget and the Pound’s drop in value

Evening Standard

Pressure mounts on Reeves as Starmer refuses to guarantee future of her job

Sir Keir Starmer declined to say the Chancellor would remain in post until the election.

The National (Scotland)

Keir Starmer backs under-fire Chancellor on order for 'ruthless' spending cuts

THE Prime Minister has said Chancellor Rachel Reeves is “absolutely right” to take a “ruthless” approach to public spending as he gave her…

The Independent UK

CBI boss says Labour has ‘bruised’ trust of businesses after Budget

Rupert Soames said companies will ‘let people go’ before Labour’s new Employment Rights Bill comes into force.

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news in one place.

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The Guardian - UK

Pound hits 14-month low against dollar as CBI hits out over ‘hole in confidence’

Business group’s chair says government changes could prompt ‘quite an ugly rush’ of job losses

The Independent UK

Angela Rayner warned new workers’ rights plan could prompt ‘ugly rush’ to sack staff

Labour chancellor Rachel Reeves also accused of undermining business confidence and trust with surprise national insurance hike in the Budget

Evening Standard

Chancellor facing tough questions over fiscal rules as market woes deepen

Chancellor Rachel Reeves said over the weekend that her fiscal rules were ‘non-negotiable’.

The Independent UK

UK politics live: Reeves urged to call urgent meeting with banks as economy decline prompts austerity fears

The pound is under further pressure as Government borrowing costs continued to push to multi-decade highs

Evening Standard

Pound falls again and borrowing costs hit new high but Keir Starmer gives Rachel Reeves 'full confidence'

No10 said Chancellor will remain until the next election as pressure mounts on her amid the economic problems facing Britain

The Guardian - UK

Pound slides to fresh 14-month low as stocks fall; rise in UK borrowing costs reverses – as it happened

Dollar jumps to over two-year high against major currencies as bets on US rate cuts recede; UK 30-year government bond yield eases after hitting fresh 27-year high

The Guardian - UK

Reeves back from China with one eye on bonds and the other on economic data

The chancellor will be monitoring the price of gilts after last week’s selloff and data to come on inflation and growth

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