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The Latest Breaking News from Rachel Reeves

Government ‘not ripping up’ green protections, minister says, amid projects push

Housing minister Matthew Pennycook said the Chancellor was right to prioritise growth amid speculation about the future of Heathrow airport.

Evening Standard

Billionaire hedge fund investor explains why UK government faces debt ‘death spiral’

Borrowing has reached almost £18bn and the concern is more debt will be required to pay that off - and the same could happen in the US, Ray Dalio warns

The Independent UK

Transport Secretary Heidi Alexander opposed third runway at Heathrow which Rachel Reeves appears to now back

Exclusive: Heidi Alexander is the eighth Cabinet minister known to have objected to a bigger Heathrow, as has Prime Minister Sir Keir Starmer

Evening Standard

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UK politics: ‘It’s not a customs union’: No 10 leaves door open to joining pan-Europe scheme – as it happened

Downing Street says EU’s suggestion of UK joining agreement would not cross its ‘red lines’ for closer ties

The Guardian - UK

UK’s millionaire exodus equal to losing 530,000 average taxpayers, study says

The country lost 10,800 millionaires to foreign countries last year, more than double the number who left in 2023. It means that, since Labour came to power, one millionaire left the UK every 45 minutes

The Independent UK

Rachel Reeves’s bid to expand Heathrow could add £40 to airline ticket

Treasury analysis shows ticket prices expected to go up across board with no plans for frequent flyers to shoulder more of the cost

The Guardian - UK

Legal challenges to infrastructure plans to be blocked in Starmer growth push

Prime minister hopes his plan to ‘take the brakes off Britain’ will send a message to business to build more

The Guardian - UK

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Rachel Reeves denies Labour hindering consumer interests in car loans scandal

Chancellor under pressure from lenders and lobbyists that say huge compensation bill could harm motor finance market

The Guardian - UK

Reeves says growth eclipses net zero as Heathrow runway decision looms

Chancellor hints in Davos she intends to reaffirm backing of airport expansion despite climate concerns

The Guardian - UK

'Dystopian': Labour slammed for giving former Amazon boss top watchdog role

THE Labour Government has drawn anger after making the “dystopian” decision to give a former boss of Amazon UK a top watchdog role ...

The National (Scotland)

Chancellor Reeves on UK investment mission at Davos World Economic Forum

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Evening Standard

The UK government’s £18bn borrowing costs are higher than expected - how did we get here?

The deficit was the highest for any December since 2020, when the government was forced to prop up closed businesses and spend billions of pounds on medical equipment because of the covid lockdowns

The Independent UK

Will taxes be raised by Labour Chancellor Rachel Reeves in 2025?

She is facing more difficult decisions on the dire state of public finances

Evening Standard

Competition watchdog role for ex-boss of Amazon UK ‘a slap in face’, say unions

Business minister denies government ‘in pocket of big tech’ after hiring Doug Gurr to chair CMA

The Guardian - UK

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The Independent UK

Reeves’s tractor tax plan in disarray as supermarket giants hit out at chancellor

Three of Britain’s biggest retailers, Tesco, Lidl and the Co-Op, join calls for halt to inheritance tax raid as Labour chancellor tries to drum up business investment in the UK at World Economic Forum in Davos

Evening Standard

Rachel Reeves clashes with Sadiq Khan over third Heathrow runway as she hits out at people who 'always say no' to growth

Chancellor says if Britain wants a strong economy the answer ‘can't always be 'no'’ to projects that will create growth

The National (Scotland)

Rachel Reeves under pressure as Government borrowing spikes

RACHEL Reeves has been dealt another blow by the financial markets as Government borrowing spiked – heaping yet more pressure on the Treasury.

Evening Standard

Watchdog boss stepped down over ‘different approach’, says Chancellor

Marcus Bokkerink left his role as chairman of the Competition and Markets Authority earlier this week.

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Evening Standard

Reeves defends Budget as she searches for growth in Davos

Chancellor Rachel Reeves said she wanted the tax burden to come down but that would depend on the economy and public finances improving.

Evening Standard

Rachel Reeves seeks to win over business chiefs in Davos with Thatcherite defence of Budget

Chancellor adopted one of Margaret Thatcher’s famous phrases to argue that ‘there is no alternative’

The Independent UK

Reeves risks Cabinet row as she says growth must trump green concerns over Heathrow third runway

Chancellor is gearing up for a potential row with cabinet colleagues over major expansion of London’s airports

Evening Standard

Reeves says need for growth trumps opposition amid Heathrow speculation

The Chancellor said opposition to measures that will boost growth have been a problem for too long in the UK.

The Independent UK

Labour strips environmental watchdogs’ powers to block building projects

In the government’s latest push to grow the economy, regulators will no longer be able to demand developers mitigate the environmental impact of new buildings before they can be constructed

The Guardian - UK

UK to review visas to entice more AI and science workers, says Reeves

Chancellor says she ‘absolutely’ supports wealth creation at World Economic Forum in Davos

The Independent UK

£18bn borrowing costs at four-year high as Reeves’s Budget headache worsens

The Office for National Statistics says public sector net borrowing in December was up £10.1bn on a year earlier

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