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The Latest Breaking News from Rachel Reeves

As Labour frustration grows, could OBR forecasts be cut to once a year?

Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statement

The Guardian - UK

Trump warns ‘substantial’ tariffs will remain on imports as Reeves prepares for US talks

US president doubles down on trade policy as chancellor aims to secure trade deal for UK in Washington

The Independent UK

Reeves to hold talks with US as Trump says ‘no rush’ to strike deals

Britain is hoping a deal can help stave off the full brunt of the US president’s sweeping 10% tariffs on all goods imported to America.

Evening Standard

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Government risked ‘throwing good money after bad’ in steel talks – Reeves

‘Government are going to play a big role’ in the future of steelmaking in Scunthorpe, Chancellor Rachel Reeves said.

Evening Standard

Reeves to have ‘conversations’ with US next week as work for deal continues

The UK is hoping a deal can help stave off the full brunt of US President Donald Trump’s sweeping 10% tariffs on all goods imported to the US.

Evening Standard

Reeves says inflation fall shows ‘plan for change is working’ – as it happened

Chancellor says wages are growing faster than prices but acknowledges many are still struggling with the cost of living

The Guardian - UK

Inflation falls to just 2.6% as cost of filling up the car drops on lower oil price

The main reasons for the fall included lower fuel prices and softer hotel rates

Evening Standard

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Little sign that tax rise for employers will mean mass job losses, data shows

No dramatic shakeout so far, but jobs data may yet look like a snapshot of the calm before the storm of Trump’s tariffs

The Guardian - UK

What Labour and Mayor Sadiq Khan are doing to revive London's nightlife

Ministers want to remove ‘red tape’ they believe is hampering the night-time economy — and say they ‘back the British night out’

Evening Standard

Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise

Wages rise 5.9% in three months to February, while unemployment unchanged at 4.4%

The Guardian - UK

UK business confidence falls to lowest level in over two years, survey shows

Accountants’ institute says first quarter of 2025 was ‘harrowing’ for companies amid tax rises and US tariffs

The Guardian - UK

Race against time to secure future of British Steel as No 10 accuses Chinese owners of not acting in good faith

It comes as senior politicians across the political divide call on Keir Starmer’s government to block China investing in critical UK infrastructure

The Independent UK

The UK has taken British Steel back from China. But can it afford to jeopardise its trade relationship?

A last-minute takeover of British Steel has led the UK’s trade secretary to advise caution against Chinese investment in key sectors. Alicja Hagopian looks at if the UK afford to lose trade with China

The Independent UK

Starmer, Rayner and Reeves release tax returns for first time since election

The tax returns cover a period of time when Labour was still in opposition, the 2023-24 tax year.

Evening Standard

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The Independent UK

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Independent UK

‘Savage’ UK cuts will deprive 55m people of aid around the world

IN FOCUS: Exclusive: The cuts will result in a reduction of key programmes for education, family planning, water and food aid. Alicja Hagopian and Kate Devlin report

Evening Standard

Fury over plans for 'spy dungeons' beneath new Chinese embassy in London

The Conservatives have accused Keir Starmer of adopting ‘a policy of appeasement’ towards China

The Guardian - UK

Do you yearn to hear Starmer condemn Trump? If so, you’re going to be disappointed

‘Don’t poke the beast’ remains the watchword at Number 10 even as the beast rampages around chewing the legs off the global economy

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Evening Standard

Government announces extra help for businesses hit by US tariffs

The Chancellor said thousands of businesses would benefit from a move to expand UK Export Finance’s backing for firms by £20 billion.

The Guardian - UK

Rachel Reeves calls for global free trade fightback to protect UK economy

New measures announced to help tariff-hit British firms amid ambitious plans to foster closer ties with EU

Evening Standard

UK–US trade breakthrough possible within days amid tariff tensions

Further discussions with Washington are expected this week

The Fashion Central

Rachel Reeves Pushed to Launch Controversial New Tax Brits Have Never Paid Before

Believe it or not, a huge chunk of the public are actually on board with a new wealth tax. According to a recent YouGov poll for Oxfam.

The Guardian - UK

Did Trump’s tariffs kill economic populism?

Lasting damage has been done not only to Trump’s political credibility but to globalisation as a system

The Independent UK

UK warned not to waste trade concessions to secure Trump deal as hopes of avoiding tariffs fade

Trade economist Simon Evenett told The Independent that the Trump administration seems ‘very reluctant to go below 10 per cent’ on tariffs

The Independent UK

Voices: Strong GDP growth is unexpected good news for Rachel Reeves – but there’s a ‘but’…

COMMENT : The boost to the British economy from a jump in exports to the US will be short-lived – thanks to Trump’s trade war over tariffs, says James Moore

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