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The Latest Breaking News from Rachel Reeves

No 10 does not deny Chancellor rowed with US counterpart in Washington meetings

Rachel Reeves had a fierce confrontation with Scott Bessent when she visited the US capital for the IMF’s spring meetings, according to reports.

Evening Standard

Rachel Reeves and Scott Bessent argued in person about Iran war, sources say

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in April

The Guardian - UK

New threat to Labour spending plans as UK long-term borrowing costs hit highest level since 1998

Inflation fears fuelled by Iran war and renewed uncertainty over Starmer’s leadership prompt bond sell-off

The Guardian - UK

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UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge

The Guardian - UK

‘There is a good deal of fear’: what would a Labour leadership challenge mean for bond markets?

Rayner and Burnham are trying to gain markets’ confidence amid concerns they could loosen fiscal rules if they replace Starmer

The Guardian - UK

Which political parties really mean business when it comes to the City?

With the local elections looming, Labour and the Tories are trying to rebuild their boardroom relationships — but could Reform get the CEO vote instead? By Chris Blackhurst

Evening Standard

Starmer adviser held 16 undisclosed meetings with top US tech bosses

Exclusive: Varun Chandra’s talks with Google, Meta, Apple and others raise fears of ‘lobbying behind closed doors’

The Guardian - UK

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Tom Kerridge: I don’t know why anyone would open a pub or restaurant any more

Many pubs, restaurants and hotel companies will see their costs increase significantly this month. Alex Ross spoke to celebrity chef Tom Kerridge and others in the business as fears grows over the future for the industry, and what it provides

The Independent UK

Bank of England warns ‘higher inflation unavoidable’ after holding interest rates

Governor says decision to keep rates at 3.75% reasonable given unpredictability of events unfolding in Middle East

The Guardian - UK

William Hill owner to close 270 shops despite takeover talks

Evoke last week said it was in talks over a potential £225.3 million takeover by Greek lottery and gaming firm Bally’s Intralot.

The Independent UK

William Hill owner confirms 270 shops closing as losses widen on tax hit

Evoke last week said it was in talks over a potential £225.3 million takeover by Greek lottery and gaming firm Bally’s Intralot.

Evening Standard

Senior UK ministers deride Rachel Reeves’s reported plan of year-long rent freeze

Housing secretary and housing minister latest to criticise idea, which has also been ruled out by No 10

The Guardian - UK

Rachel Reeves’s plan to mandate how pension funds invest was always a mistake

You can understand the motivation – more UK investment by UK funds means faster UK growth – but fiduciary duty trumps all

The Guardian - UK

Are Rachel Reeves’s days as chancellor numbered?

NEWS ANALYSIS: Political editor David Maddox looks at what it means for Reeves after Starmer failed to guarantee the future of his chancellor once again

The Independent UK

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International Business Times UK

UK Parliament Shutdown: Keir Starmer Grilled In Final PMQs Before Two-Week Recess

Keir Starmer faced a combative final Prime Minister's Questions before Parliament shut down for a two‑week recess, as Kemi Badenoch accused him of 'begging MPs to save his skin'.

The Independent UK

Could Starmer sack Rachel Reeves in rumoured cabinet reshuffle?

IN FULL

Evening Standard

'Stealth' income tax bombshell: London hit with record £71billion bill as millions in city pay more

Exclusive: Londoners are being hammered with rising income tax bills as hundreds of thousands are dragged into paying its basic or higher rates

Evening Standard

Housing Secretary rules out rent controls as Iran cost of living crisis looms

Steve Reed insisted ministers were ‘not looking at rent controls’ for private landlords after reports the Chancellor was considering banning increases for 12 months

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The Independent UK

Housing secretary rules out rent freeze amid Iran war – despite chancellor’s hints at helping tenants

Steve Reed says he is ‘crystal clear’ the government is ‘not doing’ a rent freeze

The Guardian - UK

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict

The Guardian - UK

No 10 dismisses Reeves’s reported plan for freeze on private rents

Downing Street says focus will remain on cutting bills, backing renters and lowering energy prices

The Independent UK

Blow for Reeves as government borrowing costs jump to highest since global financial crisis

10-year gilt yields are highest since the global financial crisis

The Independent UK

Rachel Reeves says BP’s huge profits ‘exactly why’ Government extended windfall tax

IN FULL

The Independent UK

Rachel Reeves considers one-year rent freeze – what it would mean

IN FULL

The Guardian - UK

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre

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