The Latest Breaking News from Rachel Reeves

The disappointment so far is not the challenges we face, but how the new administration has reacted, says Labour MP and former shadow chancellor John McDonnell

Angela Rayner and Rachel Reeves also make the same vow in change of policy before Labour’s conference opens in Liverpool

They believe the Chancellor may raise inheritance, pension and capital gain taxes

Round numbers should be no more interesting or enlightening than any other. But the revelation that Britain’s debt has hit 100 per cent of GDP is unlikely to lift the sense of gloom that has already settled above Whitehall.

Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel Reeves

RACHEL Reeves is coming under pressure to reverse a cut to the Winter Fuel Payment after being handed a £10 billion Budget boost by the Bank of…

The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its quantitative tightening programme

The public finances have been put under enormous strain by the costs of responding the triple whammy of the financial crisis, the pandemic and the energy crisis.

A group of economists has publicly urged chancellor Rachel Reeves to reverse her stance on public investment, and relax the Treasury rules that constrain it. They argue in a letter to the Financial Times that low investment is the root cause of Britain’s productivity stagnation, and that the government must…

The ex Labour politician chose not to give his children his surname

State room artworks will be ‘of or by women’ as Reeves celebrates becoming first female chancellor