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The Latest Breaking News from Rachel Reeves

Energy firms told to pass on £150 discount to customers on fixed tariffs

Energy Secretary Ed Miliband has written to energy firms calling on them to ensure everyone benefits.

Evening Standard

Energy giants told to pass on £150 discount to customers

Chancellor Rachel Reeves confirmed her intention to lower energy costs and alleviate the cost of living,

The Independent UK

Badenoch: Reeves could be prosecuted for market abuse over claims before Budget

The Chancellor has faced accusations she misled voters by overstating the scale of the fiscal challenge, but has denied doing so.

Evening Standard

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Reeves accused of forcing OBR chief to quit after watchdog revealed truth about Budget black hole

Tory leader Kemi Badenoch led the accusation about Richard Hughes, the former chair of the Office for Budget Responsibility

The Independent UK

Watch in full: Starmer faces Budget grilling at PMQs

Watch as Sir Keir Starmer faces a grilling over the Budget at Prime Minister's Questions on Wednesday (3 December).

The Independent UK

Chancellor Rachel Reeves accused of overstating chess championship win

Ms Reeves has used her love of the board game to promote herself as a strategic and competitive Chancellor

Evening Standard

Fear of facing the future has British politics stuck in the past

Keir Starmer and Rachel Reeves claim to be dealing with the world as it is, but seem to yearn for a world that has disappeared, says the Guardian columnist Rafael Behr

The Guardian - UK

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Keir Starmer to face PMQs amid continued Budget questions

The OECD has warned tax hikes and reduced spending will act as a ‘headwind’ to the UK economy over the next two years.

Evening Standard

Government urged to review farming inheritance tax plans after Commons vote

Backbenchers argued the measure failed to tackle "abuse by the celebrities and the billionaires" who buy farmland to avoid paying a full inheritance tax bill

The Independent UK

Why the £18 million for playgrounds in the budget is so important – and how it should be spent

Chancellor Rachel Reeves’ recent budget included an investment of £18 million to be spent, over two years, on up to 200 playgrounds across England.

The Conversation

Won’t somebody please think of England’s poor £2m homeowners? Oh, wait – everyone already is

Contrast the furious reaction to Rachel Reeves’s ‘mansion tax’ to the response offered to those living with real housing injustice: indifference, says Guardian columnist Jonathan Liew

The Guardian - UK

OBR chief’s exit may ease pressure on Rachel Reeves but the battle isn’t over

With the row deepening over budget leaks, who is most likely to replace Richard Hughes in the increasingly thankless role of chair?

The Guardian - UK

Wetherspoons bids to open new pub next to busy central London train station

The pub chain wants to run the bar on the Strand until midnight on Fridays and Saturdays

Evening Standard

DWP chief paves the way for more benefit cuts as Starmer warned over spending

The OBR projects that Labour has added £11bn on to public spending – largely to pay for welfare reversals

The Independent UK

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The Guardian - UK

Reeves and Starmer are a two-for-one deal – if she goes, he goes. What a cheering thought

It’s week two of budget black-hole gate. When will it all end? Probably after the May elections, says Guardian columnist Marina Hyde

The Independent UK

Labour warned of fresh economic hit as Brexit accelerates high-skilled ‘brain drain’ from UK

‘None’ of the Labour chancellor’s measures will ‘have a material effect’ on growth, Richard Hughes, the chair of the OBR, has said

The Independent UK

Labour now less trusted on the economy than Liz Truss, damning new poll finds

Asked who they would trust with the economy, 10 per cent of people said Labour – fewer than those who said they would trust Liz Truss

The Guardian - UK

OBR complained to Treasury before budget about leaks spreading ‘misconceptions’

Official tells MPs there was lots of information appearing in the press that ‘wasn’t particularly helpful’

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The Independent UK

OBR confronted Treasury about ‘unhelpful’ policy leaks before Reeves’ Budget

The economy watchdog forced to deny being ‘at war’ with Treasury after row over state of Britain’s public finances

Evening Standard

UK growth facing headwinds from tax hikes and spending cuts – OECD

The OECD said growth will slow to 1.2% next year, before edging up to 1.3% in 2027, with ‘substantial’ downside risks from fiscal tightening.

Evening Standard

Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

The Guardian - UK

OECD warns Reeves higher taxes and spending restraint will limit consumer expenditure

UK economy will grow faster than France, Germany and Italy but slower than US next year, report predicts

The Independent UK

Fresh blow for Reeves as Labour’s anti-migration policies blamed for sluggish UK growth

Less than a week after her controversial Budget, Rachel Reeves has been warned that tax hikes and spending cuts will pile pressure on the UK economy in next two years

Evening Standard

Chancellor ruling out another independence vote does not carry weight – Flynn

The SNP MP claimed Rachel Reeves and Prime Minister Sir Keir Starmer will both be ousted if the SNP wins next year.

The Guardian - UK

UK house prices rise despite budget tax fears, says Nationwide

‘Mansion tax’ announced by Rachel Reeves will have limited impact on property market, building society says

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