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The Latest Breaking News from Rachel Reeves

Borrowing surges by more than expected in blow to Chancellor amid Iran war woes

The ONS said borrowing was £4.9 billion higher than a year earlier at £24.3 billion last month.

Evening Standard

High hopes dashed: UK cost-of-living woes snare PM Starmer

Britons are unhappy with Prime Minister Keir Starmer's government. Cost of living worries are high. Economic problems persist since 2008. Recent global conflicts have worsened inflation. Food and fuel prices have increased significantly. Government measures aim to ease the burden. Slow productivity growth is a long-term challenge. Voters may lack…

The Economic Times

UK bond yields set for biggest weekly drop since 2024; retail sales fall as drivers cut back on fuel - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

From analysis to the latest developments in health,
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VAT cut announced for UK summer attractions as Reeves unveils cost-of-living package

In a move to bring relief to families this summer, Chancellor Rachel Reeves has rolled out an unexpected VAT reduction on seasonal attractions, drastically lowering it from 20% to a mere 5%. This initiative, dubbed 'Great British Summer Savings,' is designed to encourage families to indulge in more recreational activities.

The Times of India

Bulletin PM briefing: Reeves slashes prices for families and Andrew trade papers revealed

Five things Rachel Reeves has announced as VAT is cut for families. Documents reveal details of Andrew’s trade envoy appointment – including late Queen’s involvement. NHS sacks 11 staff who accessed Nottingham attack victims’ medical records. UK net migration falls sharply but half of Brits think otherwise. Police make five…

The Independent UK

Starmer to help campaign for Andy Burnham at Makerfield by-election amid leadership challenge bid

The Prime Minister said he wanted the ‘whole Labour movement’ to be involved in the vital by-election

The Independent UK

There is only one way Labour can win the North Sea oil and gas debate

ANALYSIS: Proponents of keeping North Sea oil and gas in the ground are repeatedly focusing on energy security and economic arguments. But it is only by making the climate argument that they will actually win the debate, explains Nick Ferris

The Independent UK

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Manchester messiah Burnham anointed to fix Westminster politics

King of the north searches for the hero inside himself to an Oasis backing track to change politics for the better

The Guardian - UK

Why health experts have hit out at Rachel Reeves’ food price cuts

IN FULL

The Independent UK

Reeves targets oil and gas profits with plans to close tax loophole

The Chancellor hopes reforms to taxation of overseas activities will bring in ‘hundreds of millions of pounds’.

Evening Standard

What’s included in Reeves’ cost of living plan, what isn’t, and who will really benefit?

NEWS ANALYSIS: Political editor David Maddox looks at a cost of living announcement by the chancellor which appeared to reflect a political obsession with plumbers and was missing major items

The Independent UK

'Drop in the ocean': Rachel Reeves mocked over flagship cost of living pledge

RACHEL Reeves’s flagship cost-of-living support measure has been derided as a “drop in the ocean”.

The National (Scotland)

UK offers cheaper chocolate and tickets to the zoo in bid to ease cost of living squeeze

The British government is offering cheaper chocolate and discounted theme park entry to ease the cost-of-living squeeze triggered by the Iran war

AAP

What are the Chancellor's new cost of living measures set to boost London days out this summer?

Announcing the ‘Great British Summer Savings scheme’, Rachel Reeves said it was important families are ‘able to enjoy time together without worrying about the next bill’

Evening Standard

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The National (Scotland)

Rachel Reeves told off in front of Parliament for announcing policy on TikTok

TIKTOK should not be the first place to hear about new Government policy, the Chancellor was warned as she made a statement on cost-of-living…

Evening Standard

Swinney keen for ‘co-operation’ with UK Government to cut cost of weekly shop

The Scottish First Minister also said he will be taking forward plans for a price cap on a limited number of items.

The Guardian - UK

Reeves cuts VAT on summer days out to 5% as part of cost of living support

Chancellor says she will raise tax on global oil firms to help meet costs of plans and confirms delay to fuel duty increases

The Independent UK

Rachel Reeves increases mileage rate for drivers using cars for work

Unions have welcomed the announcement, with many campaigning for years for the rate to be increased

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news in one place.

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The Independent UK

Five things Rachel Reeves announced as VAT is cut for families

IN FULL

The Independent UK

VAT slashed to 5% on summer attractions in chancellor’s cost of living plan

Reeves avoids announcing any immediate help with energy bills, despite soaring oil prices triggered by the Iran war

Evening Standard

VAT slashed to 5% on summer attractions in Chancellor’s cost-of-living plan

Rachel Reeves said the cut would apply to ticket prices for fairs, theme parks, zoos and museums across the UK from June 25 to September 1.

The Guardian - UK

Rachel Reeves tells foul-mouthed Reform UK heckler good manners matter

Chancellor wins support from Conservative Mel Stride, while Nigel Farage says he would ‘like to buy man a pint’

The Independent UK

Rachel Reeves to cut food and travel costs – what will be announced

IN FULL

The Guardian - UK

Starmer says he will campaign for Burnham in Makerfield byelection – as it happened

Prime minister tells reporters he would campaign personally in the contest

The Times of India

Children across England to get free bus travel this August under £100 million Government Scheme

Millions of children aged five to 15 in England will receive free local bus travel throughout August as part of a government initiative to ease the cost of living. This "Great British Summer Savings" package aims to help families with rising expenses during the school holidays, potentially saving households significant…

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