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The Latest Breaking News from Rachel Reeves

UK reports record-breaking budget surplus of £30.4bn in surprise boost for Rachel Reeves

Largest January total since records began in 1993 is sharp reversal from December’s £11.6bn deficit

The Guardian - UK

Government posts record borrowing surplus in boost for Chancellor

The Office for National Statistics (ONS) said there was a public sector net borrowing surplus of £30.4 billion in January.

Evening Standard

Rare boost for Reeves as government gets record £30bn borrowing surplus ahead of spring statement

Chancellor secures surplus billions larger than OBR prediction

The Independent UK

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FTSE 100 Live 20 February: Index rallies, retail spending surge boosts UK outlook

Retail sales figures and the largest surplus on the UK’s public finances since records began in 1993 today provided a boost to Chancellor Rachel Reeves.

Evening Standard

Centrica boss picks up £3.6m in bonuses and share awards despite profits plunge

British Gas owner Centrica handed chief executive Chris O’Shea a £1.4 million annual bonus and £2.2 million in long-term share awards for 2025.

Evening Standard

Sharper than expected fall in net migration ‘will add £3bn to UK’s borrowing’

Chancellor Rachel Reeves is due to use her spring statement to give an update on the UK economy within weeks

The Independent UK

Rachel Reeves says newly named Bristol arena will put region on ‘global map’

The live entertainment venue has been named the Aviva Arena following a multimillion-pound sponsorship deal with the UK insurer.

Evening Standard

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Reeves is warned her ‘dysfunctional’ policy on fiscal rules is hindering the economy

Chancellor’s approach likened to ‘watching speedometer while ignoring whether brakes are working’

The Independent UK

Rachel Reeves labelled ‘genocide supporter’ by heckler whilst on visit to Sainsbury’s

This is the moment that Rachel Reeves was heckled by a member of the public during a visit to Sainsbury’s.

The Independent UK

Cooling UK inflation fuels expectations of March interest rate cut

Lower food and gas prices push inflation down to 3%, increasing expectations of a Bank of England rate cut in March.

Euronews

Britons living in EU face repayment hikes amid Reeves student loans row

Exclusive: UK graduates in Germany, Belgium and possibly other countries informed of rises as salary threshold is cut

The Guardian - UK

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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The Independent UK

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

Evening Standard

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.

The Independent UK

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

Evening Standard

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’

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Evening Standard

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.

The Guardian - UK

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

Evening Standard

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

The Guardian - UK

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 Independent 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’

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