The Latest Breaking News from Rachel Reeves

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 · Jan 13, 2025

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 · Jan 13, 2025

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.

Evening Standard · Jan 13, 2025

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’.

Evening Standard · Jan 13, 2025

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

The Independent UK · Jan 13, 2025

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

Evening Standard · Jan 13, 2025

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 · Jan 13, 2025

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

The Guardian - UK · Jan 13, 2025

Business chiefs’ pessimism adds to pressure on Rachel Reeves

The figures came in a quarterly survey carried out in December.

The Independent UK · Jan 13, 2025

Reeves returns from China to new crisis in top UK business confidence amid economic woes

A survey by Deloitte of the chief finance officers of major companies has revealed that business confidence is at one of its lowest points since the Covid-19 pandemic

The Independent UK · Jan 13, 2025