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The Latest Breaking News from Rachel Reeves

UK Warns Of Extra GBP22bn Hole In Public Finances

Britain's Labour finance minister Rachel Reeves declared Monday that the public finances face an extra GBP22-billion hole inherited from the previous Conservative administration and warned of "difficult decisions" ahead to cut spending or hike taxes.

International Business Times

Key takeaways from Rachel Reeves speech in the Commons

Scrapping the universal winter fuel payment, axeing Rishi Sunak’s A-level reforms and pay rises for public sector workers were some of the measures announced

The Independent UK

Reeves must guarantee HS2 runs to Euston, spending cuts or not

The chancellor should save the nation further blushes and fund tunnelling to the central London station

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Main points as Labour announce billions of spending cuts in 'new era of austerity'

Rachel Reeves has announced billions of pounds in spending cuts, after ordering the Treasury to carry out an audit of the UK’s public finances.

The National (Scotland)

Stephen Flynn says Labour have 'broken promise' to voters after announcing cuts

STEPHEN Flynn has accused Labour of misleading the public after the Chancellor announced a swathe of cuts despite repeatedly denying they would…

The National (Scotland)

Chancellor urged to apologise to Scots as Labour announce huge spending cuts

THE Chancellor has been urged to apologise to Scots after announcing huge cuts to public spending ...

The National (Scotland)

'Utterly unjustifiable': Economist reacts to Rachel Reeves speech

It looked as if Rachel Reeves had taken drama lessons to put on a show of sufficient mock anger in the Commons today. She clearly wanted to blame…

The National (Scotland)

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UK Facing GBP22bn Hole In Public Finances: Minister

Britain's Labour finance minister Rachel Reeves declared Monday that public finances faced an extra hole of GBP22 billion inherited from the Conservatives, who warned she was readying tax hikes.

International Business Times

'We will have to increase taxes in the Budget,' signals Rachel Reeves

Chancellor’s admission on tax hikes comes just weeks after Labour was elected to power

Evening Standard

Rachel Reeves blames Tory handling of asylum system as Labour announces huge cuts

RACHEL Reeves has blamed the previous Tory government’s handling of the asylum system as the Chancellor announced huge cuts ...

The National (Scotland)

Martin Lewis hits out at Labour as Winter Fuel Payment axed for millions

THE CHANCELLOR has scrapped the universal winter fuel payments to pensioners just as bills are expected to rise this winter.

The National (Scotland)

Reeves scraps social care cap and some winter fuel payments to plug ‘£22bn hole’

Hospital and road projects also targeted as chancellor accuses Tories of covering up scale of fiscal shortfall

The Guardian - UK

Watch as chancellor Rachel Reeves sets out Labour’s plan for economic growth

Watch as Rachel Reeves sets out her plan for economic growth in a speech on Monday 29 July.

The Independent UK

OPINION - Labour can get away with tax rises if NHS gets better and homes are built

Sir Keir Starmer has taken on the hard-Left and seen off the Tory Right. But now the Prime Minister faces his biggest battle yet: a head-on collision with the undisputed heavyweight champions of British politics — the Institute for Fiscal Studies.

Evening Standard

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Evening Standard

Sadiq Khan insists 'future of Euston is HS2' as rail link hangs in the balance

Rachel Reeves due to announce raft of spending cuts which could include HS2

Evening Standard

OPINION - The Standard View: Rachel Reeves and the blame game

Few can doubt that the Tories left office with the public finances in a dire state. But it takes two parties not to talk about the tax rises necessary to plug that gap. Indeed, no lesser authority than the Institute for Government’s Paul Johnson accused both Labour and the Conservatives…

Top News

Britain's New Treasury Chief Reveals Dire Financial State

Britain's new Treasury chief, Rachel Reeves, reveals a 20 billion-pound shortfall in public finances, highlighting challenges faced by the government in ad...

The Independent UK

What cuts could Rachel Reeves announce to plug Labour’s £20bn ‘black hole’?

HS2, hospitals and railway lines are all rumoured for cut backs

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The National (Scotland)

What time is Chancellor Rachel Reeves's speech on UK finances – and how to watch

CHANCELLOR Rachel Reeves is expected to announce cuts to infrastructure projects as she addresses public spending and a £20 billion “black…

The Guardian - UK

UK politics: Winter fuel payments to be restricted as Reeves says there is £22bn spending shortfall – as it happened

Chancellor suggests budget, on 30 October, will involve tax rises and cuts to spending and benefits

Evening Standard

Millions of public sector workers to get inflation-busting pay rises, confirms Rachel Reeves

Cabinet Office minister Pat McFadden left open the prospect of a string of tax rises apart from on VAT, income tax and National Insurance

The Guardian - UK

McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened

Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customers

Evening Standard

HS2 high speed rail link may end in London suburb rather than Euston, signals Chancellor Rachel Reeves

Cabinet Office minister Pat McFadden says HS2 route will be re-examined

Al Jazeera

UK’s finance chief accuses previous gov’t of multibillion-pound ‘cover up’

Chancellor of the Exchequer Rachel Reeves to deliver speech expected to lay the groundwork for tax rises.

The Guardian - UK

UK ‘desperately exposed’ to cyber-threats and pandemics, says minister

Science secretary Peter Kyle says national resilience suffered ‘catastrophically’ under Tories

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