The Latest Breaking News from Rachel Reeves

Mortgage deals ‘trickling back on to market but at higher rates’

Lenders are preparing to proactively contact 1.6 million customers whose fixed-rate deals will finish before the end of the year.

Evening Standard · Mar 27

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

The Independent UK · Mar 27

Rachel Reeves urged to raise taxes on companies profiting from war on Iran

Charities say energy companies, banks and defence companies stand to benefit from the economic fallout

The Guardian - UK · Mar 26

Trump's Iran war wreaks economic carnage on UK with £15 billion blow to GDP and deepening cost-of-living crisis, warns OECD

Inflation in Britain is forecast to jump to 4% this year, outstripping many wage increases

Evening Standard · Mar 26

UK faces weaker economic growth and higher inflation due to Iran war – OECD

The conflict has worsened the outlook for many of the world’s largest economies, the Organisation of Economic Co-operation and Development said.

Evening Standard · Mar 26

NS&I faces £400million compensation payout over savings scandal as 'prizes withheld from bereaved families'

The bank is accused of losing track of investments and delaying payments - and taxpayers could end up footing the compensation bill

Evening Standard · Mar 26

Reeves ‘waiting until autumn’ for major energy bill support to ease Iran war economic shock

Rachel Reeves will reportedly allow the energy price cap to rise in the summer because she believes the true impact on bills will be clearer by the autumn

The Independent UK · Mar 26

Fears net zero is ‘next Brexit’ as oil crisis fuels political climate divide

Rising energy bills give Reform and Tories opening to attack net zero while government hesitant to make case for clean energy

The Guardian - UK · Mar 26

Millions of UK drivers could claim more for mileage expenses under major review

Treasury minister Dan Tomlinson admitted the mileage rate review was ‘well overdue’

The Independent UK · Mar 25

Voices: Readers on how to tackle soaring bills in wake of Iran war – from ‘going electric’ to ‘holding back’ on travel

YOUR VIEWS: Our community is divided on how to tackle rising energy costs, with many warning support is limited by public finances while others call for policy changes or personal behaviour shifts in the face of a global crisis

The Independent UK · Mar 25