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The Latest Breaking News from Rachel Reeves

Blow for Labour's 'growth' drive as Bank of England cuts forecast in half

THE Labour Government’s flagship economic pledge has been dealt a blow after the Bank of England halved its growth forecast for 2025 ...

The National (Scotland)

What the latest interest rates change means for your mortgage, savings and bills

The base rate has been cut by the Bank of England to 4.00 per cent

The Independent UK

Bank of England cuts interest rates to 4.5% and halves UK growth forecast

Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumn

The Guardian - UK

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Civil servants will need to work efficiently or face redundancy under new rules

Cabinet Office minister will unveil a set of performance standards intended to ensure value for money in Whitehall

The Guardian - UK

Tech firms, publishers and Which? raise fears over new boss at competition regulator

Exclusive: Appointment of ex-Amazon UK boss prompts group letter to chancellor airing fears over approach to big tech

The Guardian - UK

Bank of England poised to cut interest rates amid UK economic gloom

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%

The Guardian - UK

Bank of England expected to resume interest rate cuts

The UK’s base interest rate currently sits at 4.75%.

Evening Standard

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Every major supermarket turns on Starmer over tractor tax

Tesco, Sainsbury’s, Morrisons and Asda sign up to damning letter warning over ‘the long-term stability of the nation's food resilience’

The Independent UK

Starmer’s voice coach was ‘core part of small team’, No 10 says

Communication skills specialist Leonie Mellinger is understood to have joined both the Prime Minister and Rachel Reeves to work during the pandemic.

The Independent UK

UK interest rates set to fall at Bank of England meeting on Thursday

Experts are predicting a rate cut to 4.5% – but signs of rising inflation leave the Bank walking ‘a tightrope’ for future reductions this year.

Evening Standard

Millions to get £1,400 pay rise in April with inflation-busting boost

Workers of all ages can look forward to more money in their pockets

The Independent UK

As Labour touts more brutal cuts to benefits, how is this different from life under the Tories?

There may be no nasty impulse to punish ‘skivers’, but the end result – those who need help most hit hardest – is exactly the same, says columnist Frances Ryan

The Guardian - UK

Ed Miliband emerges from his bunker to bask in Labour backbench love

Deprived of Rachel Reeves’s affections, the energy secretary revelled in playing climate crisis hero to her villain

The Guardian - UK

Fact check: Why is so much Scottish salmon exported via Heathrow?

CLAIM: “Why on earth are we exporting major Scottish products, whether that’s salmon or whisky or anything else, via Heathrow?” - Angus…

The National (Scotland)

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The National (Scotland)

Labour MPs at 'breaking point' with Keir Starmer over North Sea oil row

WESTMINSTER politicians are reportedly at “breaking point” with Keir Starmer over the potential of approving a new oil and gas field in the…

Evening Standard

Heathrow expansion will only go ahead if it meets climate targets – Miliband

The Energy Secretary said the extension of any airport would have to meet existing carbon budgets and environmental restrictions.

International Business Times

Scottish Whisky Makers Fear Return Of Trump Tariffs

At the end of a wild peninsula battered by winds in west Scotland is a zero-carbon whisky distillery that's bracing for the possible return of US tariffs.

The Guardian - UK

PM faces growing internal backlash over potential approval of Rosebank oilfield

Labour MPs describe ‘breaking point’ in relations, calling for Keir Starmer to stand by party’s manifesto commitments

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The Independent UK

What is Rachel Reeves ‘green fuel’ plan for Heathrow – and will it work?

Labour has set targets for the take up of new sustainable fuel

Evening Standard

Rachel Reeves not 'petty' enough to punish TfL because I've spoken out over Heathrow, hopes Sadiq Khan

Mayor of London being lined up to lead cross-party ‘rainbow coalition’ of councils fighting third runway

Evening Standard

OPINION - Britain is now Europe's work-from-home capital, but Labour seem to think that's a good thing

Job done, then, Ange? There is one respect in which deputy PM Angela Rayner’s business agenda has proved a resounding success. What’s that? you may ask, given the gloom evident in the business community ever since the Chancellor’s “growth” Budget.

Evening Standard

Heathrow third runway would 'spike global warming emissions by 30% from airport even with eco-fuel for planes'

Top academic casts doubts on likely impact of sustainable aviation fuel the Government is claiming

The Independent UK

UK economic growth forecasts downgraded in blow for Reeves

UK GDP is expected to grow by 1 per cent in 2025, according to EY’s winter forecasts

Evening Standard

UK economic growth forecasts downgraded for 2025 – EY

It represents another blow to Chancellor Rachel Reeves’ hopes to rapidly grow the UK economy.

The Guardian - UK

How Donald Trump’s trade tariffs could affect the UK

From rising gilt yields to higher inflation, the UK may suffer indirectly from US tariffs

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