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The Latest Breaking News from Rachel Reeves

Household energy bills in Great Britain forecast to fall by £117 a year

Consultancy’s prediction comes after Rachel Reeves said green subsidy costs would be removed from domestic bills

The Guardian - UK

Supermarket prices could rise again after inflation drop, experts warn

Food inflation saw a massive drop in January

The Independent UK

Ministers may slow youth minimum wage rise amid UK unemployment fears

Government considering delay to equalising national minimum wage after jump in youth unemployment

The Guardian - UK

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UK interest rate cut expected in March after inflation drop

Inflation in the U.K. has fallen to a 10-month low largely on the back of lower food and gas prices

The Independent UK

Andrew ‘owes it to victims’ of Epstein to say what he knows, Reeves claims

The Chancellor gave her thoughts on the ongoing scandal on Wednesday.

Evening Standard

Boost for interest rates cut as fuel price drop helps inflation tumble to 3%

Economists predict inflation is now on track to drop to the government target of 2% in April, providing some relief for chancellor Rachel Reeves

The Independent UK

Andrew 'owes it to Epstein's victims' to disclose what he knows of paedophile's crimes, says Rachel Reeves

Speaking in London on Wednesday, the Chancellor said the disgraced former prince ‘has got a lot of questions to answer on a whole range of issues’

Evening Standard

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Heathrow airport runway expansion could add £250 to family fare, airlines warn

Airline bosses raise concerns the adding of a third runway could add at least £60-£65 on average to ticket prices

Evening Standard

Inflation falls to 3% boosting chance of interest rate cuts

The rate of Consumer Prices Index (CPI) inflation decreased to a 10-month-low of 3% in January from 3.4% in December.

Evening Standard

UK inflation falls to 3%, boosting hopes of early cut in interest rates

January annual drop is lowest level since March 2025, although still above Bank of England’s 2% target

The Guardian - UK

Jobs crisis in London: Women hardest hit by soaring unemployment with 51,000 more out of work in four months

The increase is significantly higher than the 27,000 jobless rise for men

Evening Standard

Starmer’s options in funding a further defence spending rise would be limited

Competing domestic priorities, Treasury borrowing limits and already nervous lenders are among the many obstacles

The Guardian - UK

Bank of England should cut rates to boost consumer spending, says TUC

Union analysis finds consumers lag behind international peers as some rate-setters remain anxious about inflation

The Guardian - UK

Student loan architect calls for graduates to pay less interest

Former government adviser admitted the student loans policy was created in a ‘mad rush’

The Independent UK

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The Guardian - UK

UK migration could be negative this year – how will that hit the economy?

Universities, builders and health trusts are feeling the squeeze, as thinktank says effect of zero net migration could be similar to Brexit

The Guardian - UK

Pension annuity sales hit record as average pot exceeds £80,000

Rachel Reeves’s inheritance tax changes encourage more people to invest in previously unloved product

The Guardian - UK

Reeves appoints higher pay advocate to fight skills shortages as chief economic adviser

Labour market expert Prof Brian Bell has called for better pay and conditions in key sectors, particularly social care

The Independent UK

Heathrow’s boss insists airport is not too crowded – passengers are just walking the wrong way

Thomas Woldbye defends Heathrow after travel hub named busiest airport in Europe last year

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The Guardian - UK

Reeves urged to reassure MPs over public finances amid £6bn-a-year Send costs

City analysts say financial market investors will be worried if cost is deducted from budget surplus

Evening Standard

Money trap: The great student loan swindle

With graduates facing ballooning debts, a stealth tax on their success and a lack of jobs, is a degree still worth the investment? Claudia Cockerell investigates

The Independent UK

Voices: Only an EU reset can save our flatlining economy from the doldrums

THE INDEPENDENT VIEW: Editorial: The chancellor has had near-zero success delivering the growth bonanza Labour promised and she is right to hitch her new growth strategy to a closer relationship with the continent

Evening Standard

Angela Rayner hits out at government over rocketing taxes for pubs and hospitality businesses

The former deputy prime minister said ministers must listen to the struggling hospitality sector and recognise its ‘value not just in rhetoric, but in policy’

Evening Standard

UK economy disappoints in 2025 after ‘subdued’ year-end growth

Official figures showed gross domestic product rose by 0.1% in the fourth quarter, following growth of 0.1% in the previous three months.

Evening Standard

Heathrow passengers to be hit with 'eye watering' costs of third runway, Parliament told

Bosses at the west London airport say expansion is needed to boost UK economic growth

The Guardian - UK

UK economy limps along at 0.1% growth – but there are reasons for optimism in 2026

Consumers and businesses are not yet taking the hint despite six interest rate cuts

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