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The Latest Breaking News from Rachel Reeves

Destroying our natural wealth makes us poorer in every sense of the word

Partha Dasgupta’s landmark study provided way to put a value on nature – but many fear report has been sidelined

The Guardian - UK

Labour Under Pressure as Income Tax Freeze Extension Appears Increasingly Likely

The Chancellor, Rachel Reeves, is under growing pressure to break Labour’s manifesto pledge not to raise the so-called “big three” taxes—income tax, National

The Fashion Central

Rachel Reeves must hike taxes and slash spending to counter Trump tariffs: OECD

IN FULL

The Independent UK

From analysis to the latest developments in health,
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OECD downgrades forecasts for UK growth as Trump tariffs hit world economy

Global growth is expected to fall below 3% for the first time since the pandemic

Evening Standard

Rachel Reeves threatens to sue Roman Abramovich over 'frozen' £2.5bn proceeds from Chelsea sale

The delay in releasing the funds is due to a disagreement between the UK government and his lawyers

Evening Standard

UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

The Guardian - UK

Government threatens to sue ex-Chelsea owner over frozen £2.5bn

Roman Abramovich was among the high-profile oligarchs sanctioned after Russia invaded Ukraine

The Independent UK

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Government threatens legal action over Abramovich’s frozen Chelsea billions

The £2.5 billion proceeds from the sale of Chelsea FC has been frozen in a UK bank account since 2022.

Evening Standard

Rachel Reeves must think big to fund Labour’s ‘battle-ready’ Britain. Tweaks and tinkering won’t do

The whole tax and spending ship is an unseaworthy rustbucket. This spending review is a chance to fix it, says Guardian columnist Polly Toynbee

The Guardian - UK

Report casts doubt on Labour’s ability to hit affordable housing target

Exclusive: Chancellor urged to increase funding as study suggests government has overestimated its housebuilding figures for England

The Guardian - UK

Britain faces attacks from Russia ‘daily’, minister warns ahead of Starmer’s defence review

Defence secretary John Healey admits the size of the army will not start to grow until at least 2029 as he appears to confirm Labour want to buy fighter jets capable of firing tactical nuclear weapons

The Independent UK

Rachel Reeves faces budget conundrum in spending review

IN FULL

The Independent UK

Rachel Reeves told it is ‘impossible’ to invest in growth, public services and net zero in spending review

Labour chancellor under pressure over spending plans as deputy prime minister Angela Rayner among those whose departments fail to settle budget with the Treasury

The Independent UK

UK to spend £1.5bn on new weapons factories in response to threat posed by Putin

Labour defence secretary John Healey and prime minister Keir Starmer to unveil new strategic defence review as war rages on the edge of Europe

The Independent UK

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Evening Standard

UK to build weapons plants and buy thousands of missiles in £6bn rearmament drive

The Government has pledged £1.5 billion as part of the strategic defence review into at least six munitions and energetics factories.

International Business Times UK

Rachel Reeves' Power Play: £50 Billion Pension Surge Aims to Rebuild Britain and Your Savings

UK pension schemes must double in size by 2030, creating £50 billion megafunds to boost investment returns and improve retirement savings for millions.

The Independent UK

Angela Rayner and Rachel Reeves clash over spending plans

IN FULL

The Independent UK

Angela Rayner and Rachel Reeves in stand-off over Labour’s spending plans

Exclusive: A Treasury deadline for agreeing departmental spending plans has passed with a clash over political direction between the chancellor and the deputy prime minister

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The Guardian - UK

Labour’s poll ratings have plummeted – so is Starmer’s future in question?

Dissatisfaction among MPs has created a febrile mood, with ambitious cabinet ministers assessing their options

Evening Standard

OPINION - Keir Starmer is planning the biggest shake-up of defence for fifty years — to Trump-proof Britain

The government’s new defence review will be announced on Monday by Keir Starmer on low expectation – but it is likely to be the most far reaching reform of the way Britain manages its defences for half a century.

The Independent UK

Pollster warns of ‘political earthquake in UK’ after polls show Farage could be PM

The latest Electoral Calculus forecast shows Nigel Farage would have a 74-seat majority if an election were held tomorrow

The Independent UK

Government’s multi-billion plan to take on Reform UK

IN FULL

The Guardian - UK

Rachel Reeves set to confirm extra money to spend on areas outside south-east – as it happened

The chancellor will announce billions in regional spending after rewriting Treasury investment rules

The Guardian - UK

Rachel Reeves to announce billions in regional spending after Treasury rule changes

Extra investment lined up for schemes such as energy projects, roads and rails outside London and south-east

The Independent UK

Reeves to plough tens of billions into red wall seats as Labour seeks to fend off Farage

The chancellor is expected to change how the government assesses spending plans to benefit the north and Midlands

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