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The Latest Breaking News from Rachel Reeves

IMF slashes UK growth forecast as Britain's economy faces biggest shock of G7 nations due to Iran war

Chancellor Rachel Reeves said the war ‘will come at a cost to the UK’ following the IMF’s gloomy outlook

Evening Standard

Rachel Reeves hits out at ‘folly’ of Trump’s Iran war amid IMF growth warnings

The IMF has said in its latest forecasts that the war would result in weaker than previously expected UK economic growth.

Evening Standard

Reeves hits out at ‘folly’ of US going to war without clear exit plan

Chancellor ‘frustrated and angry’ at decision to attack Iran ‘without being clear what the objectives are’

The Guardian - UK

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Iran war escalation could trigger global recession, IMF warns

Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7

The Guardian - UK

UK economic growth forecasts slashed as IMF says Iran war risks global recession

The IMF laid out its first set of forecasts since the global economy was rocked by the conflict between US-Israeli and Iranian forces.

Evening Standard

Trump’s Iran war could trigger global recession, IMF warns

UK growth slashed as worldwide economy could be thrown ‘off course’, with the risk of an energy crisis ‘on an unprecedented scale’

The Independent UK

Rachel Reeves ‘betraying’ drivers by not halving VAT on fuel – Robert Jenrick

Reform UK is calling on the Government to ‘lighten the load’ for drivers.

Evening Standard

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Starmer chairs new committee to respond to Iran crisis

The formation of a new Cabinet committee is a signal the situation in the Middle East will have a prolonged impact on the UK.

Evening Standard

UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened

International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025

The Guardian - UK

Families bearing cost of instability, says Chancellor amid US Iran blockade

Rachel Reeves is set to urge coordinated action to tackle the global economic shock caused by the war at a Washington summit.

Evening Standard

Iran war: Families will bear the cost of instability, says Chancellor Rachel Reeves

Rachel Reeves to urge coordinated action to tackle the global economic shock caused by Iran war

The Independent UK

Reeves to urge allies to co-operate amid economic turmoil from Iran War

Chancellor set to tout UK as ‘safe haven’ for investment amid meetings with major company bosses

The Independent UK

Reeves: Mini nuclear reactor deal ‘more important than ever’ amid Iran crisis

The Chancellor said driving forward nuclear power was ‘always the right thing to do’.

Evening Standard

Reeves hands Rolls-Royce £600m to develop UK’s first mini nuclear reactors

The Chancellor said driving forward nuclear power was ’more important than ever’ amid the Middle East crisis

The Independent UK

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Evening Standard

Middle class to be £480 worse off as Trump's Iran war drives up bills, says think tank

Rising fuel and energy costs driven by Middle East conflict are forecast to impact UK incomes, with middle earners hardest hit

Evening Standard

Rachel Reeves warns of ‘cost to British families and businesses’ of Iran war

The Chancellor said the ‘immediate priority must be to ensure that the ceasefire holds’.

The Guardian - UK

It shouldn’t take a war for Britain to wake up to the need for food security

Everyone has a part to play in reducing our reliance on imported foods, but ministers must provide incentives, says Tim Lang of the Centre for Food Policy

The Independent UK

Martin Lewis issues his ‘new year’ money tips for households this April

There are checks that individuals at every income level can benefit from

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The Independent UK

Using North Sea gas saved Britain billions last year, analysis shows amid calls for more drilling

Last week the government denied that Ed Miliband is expected to give the green light to the first major North Sea field project in almost 10 years

Evening Standard

Millions of graduates to have student loan interest capped at 6%

Ministers said the move would help protect borrowers from potential financial shocks.

International Business Times UK

Keir Starmer Energy Bill Pledge Slammed as 'Complete Scam' Amid New Tax Hikes

Keir Starmer's much‑touted £150 energy bill cut has faced criticism after frozen tax thresholds and new analysis suggested many taxpayers will pay more overall from April. Critics argue the Prime Minister's pledge appears less like a saving and more like a tax shuffle affecting millions of ordinary workers.

The Independent UK

Student loan interest rates to be capped after backlash over repayment costs

Student loan interest rates will be capped from September

Evening Standard

Government caps student loan interest rates at 6%

The Government said the move would help deliver stability and protections for graduates amid the prospect of increased financial pressures due to the Middle East war

The Guardian - UK

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel Reeves

The Independent UK

Mansion tax could hit 165,000 homes in first year, Budget watchdog predicts

The Office for Budget Responsibility (OBR) estimated 165,000 properties will be affected in the policy’s first year, rising to 167,000 in 2030

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