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The Latest Breaking News from Rachel Reeves

Government ‘putting its money where its mouth is’ with £200m for Acorn scheme

Energy Secretary Ed Miliband visited the Acorn site in Aberdeenshire as it was confirmed it would get £200 million of development funding.

Evening Standard

Ben Wallace accuses Labour of ‘conning’ public over defence spending boost claim

Concerns have been raised that the increase in defence spending pledged by Keir Starmer’s government is ‘smoke and mirrors’

The Independent UK

Tax hikes ‘almost certainly’ to come if economy worsens, IFS says

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The Independent UK

From analysis to the latest developments in health,
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Voices: First the spending review, now the economy – what else lies in wait for Rachel Reeves?

COMMENT: Official figures showed UK plc plunged into the red in April, contracting by 0.3 per cent. There is no sugarcoating how bad a result that is for the chancellor, writes James Moore

The Independent UK

'Not helpful': Top economic institute calls out Labour's Spending Review claim

SCOTLAND’S leading economic research institute has called out Labour MPs and MSPs for claims about Rachel Reeves’s Spending Review that are…

The National (Scotland)

Voices: Yes, ‘Renewal’ Reeves needs to raise taxes – but how will she pull it off?

COMMENT: The chancellor’s fiscal headroom is already compromised by her commitment to tackle child poverty, writes Sean O’Grady. So she needs luck – and to be more boring than ever – to raise the revenue she desperately needs

The Independent UK

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves

Institute for Fiscal Studies suggests Treasury is ‘making up the numbers’ as it warns council tax will rise at fastest rate in a generation

The Independent UK

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Council tax bills set to rise at fastest rate for two decades, economist warns

Paul Johnson said council tax bills could rise by 5% a year following the Chancellor’s spending review

Evening Standard

Housing market recovering but ‘long way from buoyant’, housebuilder says

Crest Nicholson highlighted ‘encouraging signs emerging in the UK housing sector’.

Evening Standard

Reeves slaps down Sadiq Khan for saying Met Police will have to impose cuts after spending review

London mayor Sir Sadiq warns the capital will have fewer officers in a rare ‘red on red’ clash with the Labour chancellor

Evening Standard

UK Government ‘committed’ to Acorn carbon capture project in Scotland – minister

Kirsty McNeill said the inclusion of development funding for the scheme in the spending review shows the Government’s support for it.

Evening Standard

Reeves rules out disability benefit cuts U-turn but says rules may be tweaked

Chancellor says criteria for getting personal independence payment are being reviewed

The Guardian - UK

Rachel Reeves fails to rule out future tax rises as economy shrinks

However, the Chancellor repeated her promise that she would not need to increase taxes on the same scale as last year.

The Independent UK

Britain on track to become a ‘National Health State’, says thinktank

Resolution Foundation says half of all public spending will be allocated to the NHS and social care by the end of the decade

The Guardian - UK

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Evening Standard

The UK is turning into a 'National Health State', experts say after Rachel Reeves' spending review

The Resolution Foundation warned that funding for the NHS was increasingly coming at the expense of other public services

The Guardian - UK

UK politics: Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – as it happened

Institute for Fiscal Studies says Treasury figures for projected efficiency savings are not credible

Evening Standard

Economy shrinks by more than expected amid record fall in exports to the US

Exports to America fell at the fastest pace on record, down £2 billion in April, according to the ONS.

The Independent UK

Voices: Dear Vix: I feel ashamed to admit it – but I really don’t like my parents

DEAR VIX: Do you have a problem you would like to raise anonymously with Dear Vix? Issues with love, relationships, family and work? Email dearvix@independent.co.uk

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The National (Scotland)

UK economy sees biggest drop since October 2023 in blow for Rachel Reeves

THE UK economy saw the biggest monthly contraction for a year-and-a-half in April in a setback for Chancellor Rachel Reeves ...

The Independent UK

Blow for Rachel Reeves after UK economy shrinks by more than expected

The cut to GDP figures will be bad news for the chancellor in her mission to grow the UK economy

Evening Standard

UK economy shrinks by more than expected in April – ONS

Gross domestic product fell by 0.3% in April, compared with growth of 0.2% in March.

Evening Standard

Rachel Reeves refuses to rule out Autumn Budget tax rises as economy shrinks 0.3% in April

Latest GDP estimate worse than the 0.1% fall expected by economists

Evening Standard

Britain morphing into ‘National Health State’, says think tank

The NHS has received an extra £29 billion per year for day-to-day spending and more cash for capital investment.

The Guardian - UK

UK economy shrinks by 0.3% as firms hit by tax rises and Trump trade war

Worse than forecast April GDP data shows challenge facing Rachel Reeves to kickstart growth to fund spending review

The Guardian - UK

Reeves’ review shows Labour plans to take on the right over net zero

By earmarking billions of pounds for the green economy, Labour is setting itself apart from the Tories and Reform

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