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The Latest Breaking News from Rachel Reeves

Reeves’s rejection of North Sea job cuts claim a ‘new low’, say Flynn

The Chancellor said she does not believe 1,000 jobs are being lost every month in the oil and gas sector.

Evening Standard

Chancellor says she does not believe 1,000 jobs being axed a month in North Sea

The figure came from analysis from an offshore expert at Robert Gordon University.

Evening Standard

Minister ‘convinced’ of path to sustainability at Grangemouth plant

Government funding of £120 million will be topped up by £30 million from the plant’s owners Ineos.

Evening Standard

From analysis to the latest developments in health,
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‘Clock is ticking’: Starmer tells Roman Abramovich to transfer money from Chelsea sale to Ukraine fund

Keir Starmer announced the move in PMQs, with the Russian billionaire still holding on to the £2.5bn he received for the sale of the football club

The Independent UK

Sharp inflation drop ‘seals the deal’ for interest rate cut, economists say

Shops offering Black Friday sales helped bring down inflation to the lowest rate since March.

Evening Standard

Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty

Monetary policy committee, cautious in recent months, expected to respond with cut in interest rates

The Guardian - UK

Boost for Reeves as inflation drops to 3.2% in November

Bigger than expected drop opens the way for an interest rate cut from the Bank of England

Evening Standard

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Government grants £120m of funding to save UK’s last ethylene plant

Cash injection for billionaire Jim Ratcliffe’s Ineos site in central belt of Scotland will help safeguard 500 jobs

The Guardian - UK

Young people hit hard as UK unemployment marches upwards

Jobs market slowdown likely to become policy focus and will also have impact on interest rates decision

The Guardian - UK

‘Squeezed from every direction’: pubs voice fury at Reeves’s business rates changes

Chancellor’s claim to be helping trade met with disbelief in England and Wales amid soaring staff costs, energy bills and other overheads

The Guardian - UK

Britain faces lost decade after Reeves Budget failed to shift growth dial, say London bosses

They are setting up their own Growth Commission to identify measures to boost London firms and the UK economy

Evening Standard

No news whatsoever as Keir bores everyone to death. He’s a natural

The liaison super-committee has an unavoidable tri-annual encounter with the prime minister

The Guardian - UK

New index reveals Reeves’ Budget has downgraded the value of a British passport

The fall is the biggest of any of the G7 countries with the UK overtaken by a string of European counterparts including Bulgaria, Greece, Romania, Czech Republic, Italy and Hungary

The Independent UK

UK Treasury drawing up new rules to police cryptocurrency markets

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’

The Guardian - UK

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Evening Standard

Crypto firms to be regulated like other assets under new UK rules

The Treasury announced new legislation which will mean crypto firms have to meet a set of standards overseen by the Financial Conduct Authority.

The Independent UK

UK Treasury to regulate cryptocurrency under new legislation

These new laws will mandate crypto firms to adhere to a specific set of standards and rules

The Guardian - UK

Reeves’s planning overhaul stalls as senior adviser leaves after four months

Exclusive: Catherine Howard’s exit comes amid disagreements at top of government about how far to push deregulation agenda

The Guardian - UK

How many more times will the Bank of England rescue Rachel Reeves?

The City expects a cut in interest rates on Thursday but economic prospects for 2026 complicate the picture

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Evening Standard

Bank of England expected to cut interest rates to nearly three-year low

The Bank’s Monetary Policy Committee (MPC) is widely expected to reduce interest rates from 4% to 3.75% on Thursday.

The Independent UK

Jeremy Clarkson joins hundreds of pub landlords in banning Labour MPs in Budget backlash

The “#taxedout” campaign backed by UK Hospitality has seen more than 250 pubs already put up signs banning Labour MPs from their premises

The Guardian - UK

YouTube channels spreading fake, anti-Labour videos viewed 1.2bn times in 2025

Exclusive: More than 150 anonymous channels using cheap AI tools to spread false stories about Keir Starmer, study finds

Evening Standard

Jeremy Clarkson bans all Labour MPs from his Cotswolds pub in fury at tax hike

TV star's business rates bill has soared from £28,000 to over £50,000 as hospitality industry revolts against Chancellor's Budget

Evening Standard

Fury as passengers at major London aiport hit with UK's highest drop-off fee as price hiked AGAIN

The airport is blaming the huge price increase on a business rate rise being brought in by Rachel Reeves

The Independent UK

Gatwick Airport defends new £10 drop-off fee

The drop-off charge is now the UK’s highest charge

The Independent UK

Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed

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