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The Latest Breaking News from Rachel Reeves

UK borrowed more than expected in November amid pre-budget pressure

ONS figures show public sector net borrowing was £11.7bn – £1.9bn less than in same month last year

The Guardian - UK

How support for Labour crumbled in Britain in 2025 with Rachel Reeves' popularity plunging

Backing for the Tories also fell, went up slightly for Reform UK, was unchanged for the Liberal Democrats while the biggest gainers this year were the Greens

Evening Standard

From Keir as Eliot Ness to Radon Liz on YouTube – the 2025 alternative politics awards

With the Christmas recess stopping our politicians causing more havoc, it’s time for the Guardian’s parliamentarian of the year awards

The Guardian - UK

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Sadiq Khan reveals what really happened when Rachel Reeves 'kicked him out of her office'

Mayor speaks for first time about alleged bust-up with Chancellor after being asked if she ‘turned into Peggy Mitchell’

Evening Standard

Interest rates: Why have they been cut and what does it mean?

Here the Press Association looks at what the decision means and what the Bank of England expects to happen to the economy.

Evening Standard

Narrow Bank of England vote puts end of interest rate-cutting cycle in sight

Another reduction expected next year but monetary policy committee is deeply divided over inflation prospects

The Guardian - UK

I agree with Rachel Reeves on investing. But her plan won’t work

CASH VS STOCKS AND SHARES ISAS: I started investing with £100 - cutting the Cash ISAs limit won’t create more investors though, it will just create more taxpayers writes Gabriel Nussbaum

The Independent UK

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Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy

Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained close

The Guardian - UK

Reeves’s rejection of North Sea job cuts claim a ‘new low’, say Flynn

The Chancellor said she does not believe 1,000 jobs are being lost every month in the oil and gas sector.

Evening Standard

Chancellor says she does not believe 1,000 jobs being axed a month in North Sea

The figure came from analysis from an offshore expert at Robert Gordon University.

Evening Standard

Minister ‘convinced’ of path to sustainability at Grangemouth plant

Government funding of £120 million will be topped up by £30 million from the plant’s owners Ineos.

Evening Standard

‘Clock is ticking’: Starmer tells Roman Abramovich to transfer money from Chelsea sale to Ukraine fund

Keir Starmer announced the move in PMQs, with the Russian billionaire still holding on to the £2.5bn he received for the sale of the football club

The Independent UK

Sharp inflation drop ‘seals the deal’ for interest rate cut, economists say

Shops offering Black Friday sales helped bring down inflation to the lowest rate since March.

Evening Standard

Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty

Monetary policy committee, cautious in recent months, expected to respond with cut in interest rates

The Guardian - UK

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news in one place.

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Evening Standard

Boost for Reeves as inflation drops to 3.2% in November

Bigger than expected drop opens the way for an interest rate cut from the Bank of England

The Guardian - UK

Government grants £120m of funding to save UK’s last ethylene plant

Cash injection for billionaire Jim Ratcliffe’s Ineos site in central belt of Scotland will help safeguard 500 jobs

The Guardian - UK

Young people hit hard as UK unemployment marches upwards

Jobs market slowdown likely to become policy focus and will also have impact on interest rates decision

The Guardian - UK

‘Squeezed from every direction’: pubs voice fury at Reeves’s business rates changes

Chancellor’s claim to be helping trade met with disbelief in England and Wales amid soaring staff costs, energy bills and other overheads

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Evening Standard

Britain faces lost decade after Reeves Budget failed to shift growth dial, say London bosses

They are setting up their own Growth Commission to identify measures to boost London firms and the UK economy

The Guardian - UK

No news whatsoever as Keir bores everyone to death. He’s a natural

The liaison super-committee has an unavoidable tri-annual encounter with the prime minister

The Independent UK

New index reveals Reeves’ Budget has downgraded the value of a British passport

The fall is the biggest of any of the G7 countries with the UK overtaken by a string of European counterparts including Bulgaria, Greece, Romania, Czech Republic, Italy and Hungary

The Guardian - UK

UK Treasury drawing up new rules to police cryptocurrency markets

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’

Evening Standard

Crypto firms to be regulated like other assets under new UK rules

The Treasury announced new legislation which will mean crypto firms have to meet a set of standards overseen by the Financial Conduct Authority.

The Independent UK

UK Treasury to regulate cryptocurrency under new legislation

These new laws will mandate crypto firms to adhere to a specific set of standards and rules

The Guardian - UK

Reeves’s planning overhaul stalls as senior adviser leaves after four months

Exclusive: Catherine Howard’s exit comes amid disagreements at top of government about how far to push deregulation agenda

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