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The Latest Breaking News from Rachel Reeves

UK-US deal or eased tariff rates ‘won’t be enough’ for Britain, Starmer warns

Ministers including Chancellor Rachel Reeves have stressed the UK must look elsewhere to improve relations with other countries aside from the US.

Evening Standard

Reeves faces crisis as Trump’s tariffs send cost of government borrowing soaring in blow to her Budget plans

The trade war escalated with China hitting back by imposing 84% levies on imports from the US

Evening Standard

UK must improve trade relations with Europe amid US tariff wars, warns Reeves

Chancellor rules out rejoining customs union but says Britain must bolster post-Brexit trade with partners

The Guardian - UK

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India looks to speed up trade deal talks with UK as Trump tariffs kick in

Indian finance minister hoping to sign free trade agreement ‘sooner rather than later’

The Independent UK

Reeves seeks to reassure City as markets slide again over US tariffs

A 10% tax on all UK exports to the US came into effect on Wednesday morning.

Evening Standard

Starmer rejects claim there are ‘strong arguments’ for suspending fiscal rules amid US tariffs – as it happened

The PM doubled down on his insistence the government won’t change its fiscal rules, describing them as ‘ironclad’ and ‘non-negotiable’

The Guardian - UK

China announces 84% tariffs on all US goods in response to Trump’s 104%

US Treasury secretary indicates openness to trade agreements after stock markets fall further in Europe

The Guardian - UK

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Stock market slides again as Trump tariffs come into effect

The Chancellor will meet her Indian counterpart later on Wednesday as she seeks trade deals with countries other than America.

Evening Standard

Super-rich flee London: Capital suffers biggest exodus of millionaires in the world, new study shows

Tax rises, Brexit and a weakening pound to blame for 11,300 millionaires leaving the city in just 12 months

Evening Standard

Half of Britons less likely to buy US goods after Trump tariffs as public backs ‘Buy British’ campaign

It comes after Downing Street rejected such a campaign, warning it would ‘go against our agenda as an open trading nation’

The Independent UK

GB News Interrupted by Urgent Announcement — Major Embarrassment for Rachel Reeves

GB News came to an abrupt halt for a breaking update on Labour’s reaction to President Donald Trump’s shockwave tariffs.

The Fashion Central

MPs could vote on benefit cuts before knowing full details, Starmer says

Labour says its welfare reforms are designed to help people into work – but MPs might have to take that on faith

The Independent UK

British Steel could be nationalised as PM and chancellor consider ‘all options’

Whitehall sources say Starmer and Reeves aligned in seeing steel as of ‘huge strategic importance’

The Guardian - UK

There’s barely a human being on the planet who will be unaffected by Trump’s tariffs misadventure

THE INDEPENDENT VIEW: Editorial: As stock markets calm, the world’s two largest economies are squaring up for a fiscal ‘fight to the end’. We can only hope that, amid all the retaliations and ultimatums, a constructive approach will emerge

The Independent UK

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The Guardian - US

Trump confirms 104% tariffs on Chinese goods as part of unfolding global trade war

Beijing vows to ‘fight to the end’ as president claims ‘many’ countries are seeking a deal with US

The Independent UK

UK should not ‘jump with both feet’ to retaliate against Trump tariffs – Starmer

The Prime Minister’s call for a calm approach to US tariffs came as a sense of optimism returned to the financial markets.

The Guardian - UK

Tariffs driving India to strike trade deals, finance minister says ahead of UK talks

Nirmala Sitharaman says turmoil forcing countries to seek accords beyond old ideological and political ties

Evening Standard

Tax rises 'on the cards' as UK hit by Trump's tariffs exploding into all-out trade war with China

London and South East to escape full brunt of US import levies hitting the North and Midlands, says ex-Cabinet Secretary Lord O’Donnell

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The Guardian - UK

Reeves tries to soothe market jitters after sell-off driven by Trump tariffs

Wall Street rises after Treasury secretary says US can reach ‘some good deals’ with trading partners

The Guardian - UK

Reeves rejects calls for ‘buy British’ campaign in response to US tariffs

Chancellor says asking shoppers to prioritise UK products would make country too ‘inward-looking’

The National (Scotland)

Rachel Reeves mocks Scottish MP for raising concerns about economy

RACHEL Reeves has been caught mocking a Scottish MP after he raised grave concerns about Labour’s impact on Scotland’s economy.

Evening Standard

Government resists calls for ‘buy British’ campaign amid Trump tariffs

Rachel Reeves warned against the UK becoming ‘inward looking’ as she faced calls in the Commons to encourage the public to buy more British goods.

Evening Standard

Reeves: US tariffs will have huge implications but UK banking system resilient

The Chancellor issued an update to MPs at the start of Treasury questions.

The Guardian - UK

UK politics: ‘All options on table’ for Scunthorpe steelworks, says Starmer, amid calls for nationalisation – as it happened

PM tells MPs on the Commons liaison committee that ‘we are doing everything we can to ensure there is a bright future for Scunthorpe’

The Guardian - UK

Tuesday briefing: How the UK will tackle Trump’s tariffs – but is it enough to limit the pain?

In today’s newsletter: As Keir Starmer weighs up his response to Washington, the prime minister holds an unfavourable hand

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