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The Latest Breaking News from Rachel Reeves

Critic of Osborne’s austerity policy joins Bank of England rate committee

Alan Taylor takes three-year term on Bank’s monetary policy committee and replaces Jonathan Haskel

The Guardian - UK

‘A big ask’: can Labour fix Britain using modern supply-side economics?

Turning to a theory championed by the US Treasury secretary, Reeves aims to upskill the workforce while boosting productivity

The Guardian - UK

Only ‘frontline’ public sector jobs in Scotland to be filled due to UK cuts

THE Scottish Government has confirmed a freeze in public sector recruitment in all but "essential frontline" posts as the UK Government's…

The National (Scotland)

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Does strong economic growth so far in 2024 bode well for Rachel Reeves? Don’t count on it

GDP growth juddered to a halt in June, backing theory the rebound is weak. The next six months could be tough

The Guardian - UK

Government urged to renew welfare fund amid fears councils unable to plug gap

The Household Support Fund is due to expire at the end of September.

The Independent UK

UK Growth Slows Slightly In Second Quarter

Britain's economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday.

International Business Times

Former Tory minister Therese Coffey applied for job in Labour government

Liz Truss ally applied to for job advertised by the Treasury, but was rejected from role

The Independent UK

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UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows strong performance in second quarter with the service sector helping drive growth

The Guardian - UK

Reeves should nail down UK AstraZeneca deal. A collapse would be embarrassing

Chancellor hopes to cut state aid for Speke vaccine plant to £40m. But pro-growth Treasury must not let project slip overseas

The Guardian - UK

Treasury failed to inform watchdog of top official’s Labour donations – report

Civil Service Commission was not told that Ian Corfield had given the party more than £20,000 over 10 years

The Guardian - UK

Scotland scraps universal winter fuel payment and prepares for more cuts

Shona Robison says decision forced by chancellor’s withdrawal of benefit in other parts of UK

The Guardian - UK

Jeremy Hunt accuses Rachel Reeves of preparing to use inflation rise as cover for ‘planned’ tax hike

Shadow chancellow took a swipe at the woman who replaced him last month, saying she must not use the latest data to bring in ‘tax rises she had planned all along’

The Independent UK

'It'll be tough': SNP look at public sector cuts as Labour 'usher in austerity'

THE Scottish Government will make sure public services “don't crumble away”, the Finance Secretary has said as she raised the prospect of major…

The National (Scotland)

Blow to AstraZeneca vaccine project as Reeves plans funding cuts

Chancellor reportedly seeking to cut £20m from the £65m promised by Hunt to Merseyside manufacturing plant

The Guardian - UK

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The Guardian - UK

Thérèse Coffey was turned down for Labour Treasury job

UK director of European development bank reports to Rachel Reeves, who has been critical of previous government

The Independent UK

UK inflation - live: Rise to 2.2% for the first time this year deals blow to interest rate cut next month

Inflation back above Bank of England’s target of 2 per cent – rising for the first time this year

The Guardian - UK

Rachel Reeves ponders private finance to help fund £9bn Lower Thames Crossing

Chancellor looks at handing income from tunnel tolls to investors in UK’s largest infrastructure project

The Guardian - UK

Nigel Farage ‘deeply irresponsible and dangerous’ during riots, says Tory leader contender – as it happened

Tom Tugendhat criticises Reform UK leader’s attempt to amplify ‘false information’ and for his failure to condemn the riots

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The Guardian - UK

UK unemployment falls as wages growth hits lowest in two years

Rachel Reeves says there is more to do in supporting people into employment and she will take action in budget

The Guardian - UK

Treasury pledges low-carbon investment relief to appease oil and gas industry

Minister James Murray says decision aimed at protecting jobs and investment after concerns raised by industry

The National (Scotland)

Rachel Reeves set to make 'tough decisions' on welfare spending

UK ministers have been ordered to search for cost-cutting reforms as the Chancellor plans to take “tough decisions” on welfare and spending...

The Guardian - UK

UK ministers warned to prepare for tough decisions on spending

The Treasury has made it clear that reform will be needed as Rachel Reeves begins pivotal review of public finances

The Independent UK

Revealed: Rachel Reeves’s huge £47bn compensation bill for historical injustice, cover-up and negligence

Exclusive: Attempts by the chancellor to get a grip on Britain’s finances have been made more difficult by an outstanding bill of £47bn for past mistakes by the British state

The National (Scotland)

Labour donor awarded plum job in Treasury after £5000 gift to Chancellor

A BANKER who donated more than £20,000 to Labour and worked for the party in the lead up to the General Election has been awarded a plum job in…

The Guardian - UK

The violence was shocking but not surprising: Britain’s economy makes it ripe for far-right thuggery

Labour is right to get tough with rioters. But that won’t solve the deep-seated problems stoking the disorder, says the Guardian’s economics editor, Larry Elliott

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