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The Latest Breaking News from Rachel Reeves

How many more times will the Bank of England rescue Rachel Reeves?

The City expects a cut in interest rates on Thursday but economic prospects for 2026 complicate the picture

The Guardian - UK

Bank of England expected to cut interest rates to nearly three-year low

The Bank’s Monetary Policy Committee (MPC) is widely expected to reduce interest rates from 4% to 3.75% on Thursday.

Evening Standard

Jeremy Clarkson joins hundreds of pub landlords in banning Labour MPs in Budget backlash

The “#taxedout” campaign backed by UK Hospitality has seen more than 250 pubs already put up signs banning Labour MPs from their premises

The Independent UK

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YouTube channels spreading fake, anti-Labour videos viewed 1.2bn times in 2025

Exclusive: More than 150 anonymous channels using cheap AI tools to spread false stories about Keir Starmer, study finds

The Guardian - UK

Jeremy Clarkson bans all Labour MPs from his Cotswolds pub in fury at tax hike

TV star's business rates bill has soared from £28,000 to over £50,000 as hospitality industry revolts against Chancellor's Budget

Evening Standard

Fury as passengers at major London aiport hit with UK's highest drop-off fee as price hiked AGAIN

The airport is blaming the huge price increase on a business rate rise being brought in by Rachel Reeves

Evening Standard

Gatwick Airport defends new £10 drop-off fee

The drop-off charge is now the UK’s highest charge

The Independent UK

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Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed

The Independent UK

UK politics: Trump talks ‘complete nonsense’ about crime in London, says Met police commissioner – as it happened

Mark Rowley says capital is a safe city, and claims of no-go areas are ‘completely false’

The Guardian - UK

Pre-Budget jitters blamed for surprise contraction in economy

Official figures showed the UK economy shrank for the second month running in October, contracting by 0.1% following a 0.1% decline in September.

Evening Standard

UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves

Economy contracted by 0.1 per cent in October, according to the Office for National Statistics

The Independent UK

GDP shock: London businesses slam Budget turmoil as UK economy shrinks 0.1% in October

The latest GDP figures are a blow to Rachel Reeves, who admitted leaks in the run-up to her November 26 Budget were ‘very damaging’

Evening Standard

UK economy: GDP shrunk in October in fresh blow for Rachel Reeves

Economy contracted by 0.1% in October, according to the Office for National Statistics

The Independent UK

UK economy shrank unexpectedly before budget, data shows

GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover

The Guardian - UK

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The Guardian - UK

MPs announce inquiry into work of Office for Budget Responsibility

Treasury committee will examine agency’s forecasting record and discover where it ‘needs to do better’

The Independent UK

Charities’ fury at Starmer for raiding international aid budget to tackle migration crisis

Exclusive: Overseas aid money to be used to tackle illegal migration from Bangladesh by paying its government to crack down on rogue agents selling bogus visas

Evening Standard

‘New future achievable’ at Grangemouth as two firms plan job creation

Scottish Energy Secretary Gillian Martin said projects by MiAlgae and Celtic Renewables could create 460 jobs in the coming years.

Evening Standard

‘New chapter’ for Grangemouth as biotech firm breaks ground on site

MiAlgae’s plans to make fish-free Omega 3 supplements on the site could support more than 300 jobs over the coming years.

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The Guardian - UK

Keir’s performance in PMQs panto sets bar low enough for Kemi to stay as Tory leader

Meanwhile, the Lib Dems’ Gentleman Ed rips into Starmer for staying silent on The Donald’s US security strategy

The Independent UK

Reeves admits Budget leaks were ‘extremely damaging’ but insists she wasn’t to blame

Chancellor hits out at ‘too many leaks’ and says inquiry is underway to root out the person responsible

The Guardian - UK

Reeves criticises budget leaks and says income tax decision taken ‘in partnership’ with PM

Chancellor defends budget but tells MPs there were ‘too many leaks’ and that and much of them were inaccurate

Evening Standard

William Hill owner considers sale after Budget gambling tax hikes

Debt-laden Evoke said the potential sale comes a number of gambling taxes were increased in last month’s Budget.

The Guardian - UK

William Hill owner Evoke considers sale or breakup after budget tax rises

Value of heavily indebted company has plummeted more than 90% since it bought chain of 1,400 bookmakers

Evening Standard

Reeves: PM and I decided ‘as a team’ not to hike income tax

The Chancellor also said a leak revealing she had dropped plans for an income tax rise was ‘incredibly damaging’.

Evening Standard

Transport is the lifeblood of London's economy - we need to get it right

The Thamesmead DLR extension is a powerful signal and confidence-builder in the market, but it must be the start of a joined-up approach

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