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The Latest Breaking News from Rachel Reeves

Financial Ombudsman Service chief quits months after Reeves’ call for reform

Abby Thomas has stepped down following criticism over the ombudsman service’s role in the motor finance commission scandal.

The Independent UK

The Observer view on a third Heathrow runway: Rachel Reeves is flying in face of a dire climate threat

On almost every level the chancellor’s decision to expand the London airport looks naive, if not foolish

The Guardian - UK

Bank of England cuts rates but slashes growth forecast in blow to Labour

The base rate fell to 4.5% on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Interest rates: Why have they been cut and what does it mean?

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Evening Standard

Gloomy growth forecast adds to Rachel Reeves’ woes

The Bank of England cut interest rates but halved its growth forecast.

The Independent UK

Recession alarm bells ring as Bank slashes 2025 growth forecast to just 0.75%

Inflation also expected to be higher than previously forecast, rising to 3.7% this year

Evening Standard

Bank of England cuts interest rates to 4.5% as it downgrades growth forecast

The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.

The Independent UK

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Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth

The Independent UK

Rate cut can lift mood but Bank’s forecasts are unambiguously bleak

Weak jobs market and above-target inflation will dent Reeves’s growth plans and may wipe out fiscal headroom

The Guardian - UK

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 vote means for your mortgage, savings and bills

The Bank of England has held the base rate to 3.75 per cent, the lowest level in three years

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

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

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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%

Evening Standard

Bank of England expected to resume interest rate cuts

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

The Independent UK

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.

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Evening Standard

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.

The Independent UK

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 Guardian - 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 National (Scotland)

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)

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.

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