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The Latest Breaking News from Rachel Reeves

Thursday briefing: Has Labour laid the foundations for fixing Britain’s housing crisis?

In today’s newsletter: The government is proposing big investment and sweeping planning law reform, but critics say the goals are unrealistic and inadequate. We recap Angela Rayner’s housing policy

The Guardian - UK

UK economy grows by 0.1% in unexpected boost for Rachel Reeves

ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline

The Guardian - UK

Labour will not release long-awaited industrial strategy until June

Strategies for life sciences to be published earlier but broader report expected in June

The Guardian - UK

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Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

Multibillion-pound Heathrow investment unveiled ahead of new runway plan

Chancellor Rachel Reeves used a speech on growth last month to give her support for a third runway at Heathrow.

Evening Standard

Number of farmers hit by tractor tax ‘substantially’ underestimated by ministers, MPs told

Inheritance tax hike announced by Labour chancellor Rachel Reeves in last year’s Budget

The Independent UK

Beales to close last store, blaming costs ‘foisted on us’ in Reeves’s budget

Poole shop to shut again only five years after it was revived following retail chain’s administration

The Guardian - UK

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Public think Heathrow expansion ‘wrong priority’, polling suggests

Survey conducted for climate charities finds strong support for improving roads and upgrading the rail system – but not a third runway.

The Independent UK

US inflation unexpectedly rises to 3% in January – as it happened

Surprise rise in inflation on the back of higher food prices makes Federal Reserve interest rate cuts less likely, in a blow to Donald Trump

The Guardian - UK

UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit

The Guardian - UK

Nationwide warns Reeves against cutting tax breaks on cash Isas

City wants more investment in stocks but move could reduce availability of mortgages for first-time buyers

The Guardian - UK

Embattled Rachel Reeves gets Budget boost with growth forecast – but Trump tariffs will damage UK economy

Think tank says GDP growth is likely to be 0.2 percentage points lower in the first year of tariffs if implemented by the US president

The Independent UK

Heathrow to pledge to use UK steel and boost growth in third runway proposal

Airport’s chief executive to formally spell out expansion plans in speech at British Steel plant in Scunthorpe

The Guardian - UK

‘Let’s not forget the pain of the 2008 crisis in pursuit of growth,’ warns Andrew Bailey

Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability

The Guardian - UK

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Evening Standard

Heathrow hits new passenger record in January

Trans-Atlantic growth particularly strong with UK-US traffic rising 8%

The Fashion Central

Rachel Reeves Slammed as ‘Clueless’ Chancellor in Brutal Expert Verdict

In a stinging critique of current economic policy, leading financial experts have lambasted Chancellor Rachel Reeves for what they describe as a lack of vision and substance.

The Independent UK

Parents to be hit by 10% nursery fee rise in wake of Rachel Reeves’s tax hikes

Childcare providers have been hit by rise in employers’ national insurance announced by the Labour chancellor in the Budget

The Independent UK

Brexit divisions among farmers are endangering fight against Reeves’ tractor tax

News analysis: The shadow the Britain’s Brexit divide is now undermining farmers’ attempts to reverse Rachel Reeves’ changes to inheritance tax

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The Guardian - UK

Labour peer calls for ‘arrogant’ attorney general to be sacked

Blue Labour founder Maurice Glasman also calls Richard Hermer a ‘progressive fool’ in New Statesman interview

The Conversation

There isn’t enough ‘sustainable’ aviation fuel to make a dent in our emissions – and there won’t be for years

The UK chancellor, Rachel Reeves, has described so-called sustainable aviation fuel (SAF) as a “game changer”. As she announced government support for a series of airport expansions, she said that the fuel “can reduce carbon emissions from flying by 70%”.

Evening Standard

Cleared for take-off - but Heathrow's third runway still faces many obstacles

Modernising airspace, reform of regulation, and getting planning consent are all formidable hurdles

Evening Standard

M&S boss says Government must ‘act now’ as Budget risks shrinking UK retail

Stuart Machin, writing in the Sunday Times, called on Chancellor Rachel Reeves to ‘act now’ and make changes to her tax plans.

The Independent UK

UK politics live: Trump’s vice president backs Brexit voters in anti-immigration rant

It comes as Sir Keir Starmer said he will visit the US to meet with President Trump amid tensions between the two countries

The Guardian - UK

The Guardian view on interest rates: the Bank of England on its own won’t revive growth

Editorial: Base rate cuts may ease borrowing costs but without stronger public spending and targeted tax relief, economic stagnation will persist

The Guardian - UK

Labour must seize the moment to show child poverty matters in push for growth

Scrapping two-child benefit cap is among levers Rachel Reeves could pull – yet chancellor remains silent on ‘shameful’ levels of poverty

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