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The Latest Breaking News from Rachel Reeves

Andy Burnham’s change in tack on fiscal rules and bond markets is understandable

Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investors

The Guardian - UK

IMF raises the UK’s growth forecast – and backs Rachel Reeves

IN FULL

The Independent UK

Reeves poised to cancel planned fuel duty rise to help with cost of living

Chancellor has been under pressure to extend 5p temporary cut at an estimated cost to government of £2.4bn a year

The Guardian - UK

From analysis to the latest developments in health,
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Labour must stick to Reeves’ fiscal rules to avoid market chaos, IMF warns

UK economy sees growth upgrade but government advised to ‘stay the course’

The Independent UK

Iran war hit to UK growth less than feared but inflation still to rise – IMF

The International Monetary Fund (IMF) updated its growth projections a month after warning of a sharp slowdown caused by the global energy shock.

Evening Standard

IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty

Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecasts

The Guardian - UK

Rachel Reeves could be set for U-turn on fuel duty increase

IN FULL

The Independent UK

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Rachel Reeves could scrap 5p fuel duty hike

Chancellor under pressure to shelve plans to increase fuel duty amid ongoing blockade on Strait of Hormuz

The Independent UK

Monday briefing: Is the bond market making Britain ungovernable?

In today’s newsletter: The fate of Liz Truss is a warning to any PM thinking of implementing radical economic reform. But does the need to appease the market mean real change is always out of reach?

The Guardian - UK

UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%

The Guardian - UK

'Missed opportunity': London mayor Sadiq Khan slams plan for north of England Olympics bid

Spokesperson for Sir Sadiq hits out at the plans, saying it would be a ‘missed opportunity’ to exclude London from a future bid

Evening Standard

London mayor criticises plan for north of England Olympics bid

A spokesperson for Sir Sadiq hit out at the plans, and said it would be a ‘missed opportunity’ to exclude London from a future bid.

The Independent UK

From Team Reeves to Manchesterism: Labour’s four economic camps explained

Wes Streeting or Andy Burnham could launch a leadership bid – here are policies from which they could choose

The Guardian - UK

Politics has tossed friendship out of the window – as Keir Starmer is realising

Britain’s embattled PM is beset by enemies. One reason is that Westminster has ceased to be a club and turned into a shambles, says Guardian columnist Simon Jenkins

The Guardian - UK

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The Independent UK

Politics latest: Starmer under pressure over Mandelson vetting files release after fresh delay

Burnham confirmed as Labour’s Makerfield by-election candidate in make-or-break battle with Reform

The Guardian - UK

Friday briefing: Is there any way Keir Starmer can keep hold of his job?

In today’s newsletter: Wes Streeting’s resignation has exposed deep fractures within the Labour party and with a leadership race looming it’s time for Keir Starmer to shout about his achievements

The Independent UK

Rachel Reeves is right – a leadership election will only damage Britain’s recovery

THE INDEPENDENT VIEW: Editorial: With new GDP figures showing unexpected growth, Labour’s restless frontbenchers should heed the chancellor’s warning that this is no time to put the economy at risk for the sake of political ambition

Evening Standard

How Keir Starmer plunged in 674 days from 2024 election triumph to fighting for his political life

A timeline of the Prime Minister’s spectacular downfall after his landslide general election victory handed him the keys to No10

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news in one place.

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The Independent UK

UK economy was on the right track – Trump’s Iran war has wrecked that

Domestic and overseas matters have combined to create a tough outlook for British businesses and consumers

The Independent UK

Rachel Reeves says ‘now is not the time to put our economic stability at risk’

IN FULL

The Independent UK

Reeves warns ‘now is not the time’ for change as rumours swirl about Labour leadership contest

Chancellor’s comments come at a fraught time for Sir Keir Starmer

The Guardian - UK

Leadership rules should ‘not be tweaked’ to let Burnham run for PM, Labour NEC member says

Burnham’s backers understood to be lobbying Labour’s NEC who warn against Wes Streeting ‘coronation’

Evening Standard

Reeves warns against risks to economic stability after surprise March growth

The Chancellor’s comments came amid a possible leadership challenge against Prime Minister Sir Keir Starmer.

The Guardian - UK

Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on

The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battle

The Guardian - UK

‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrous

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