The Latest Breaking News from Rachel Reeves

Britain's Labour finance minister Rachel Reeves declared Monday that public finances faced an extra hole of GBP22 billion inherited from the Conservatives, who warned she was readying tax hikes.

Chancellor’s admission on tax hikes comes just weeks after Labour was elected to power

Sir Keir Starmer has taken on the hard-Left and seen off the Tory Right. But now the Prime Minister faces his biggest battle yet: a head-on collision with the undisputed heavyweight champions of British politics — the Institute for Fiscal Studies.

Rachel Reeves due to announce raft of spending cuts which could include HS2

Few can doubt that the Tories left office with the public finances in a dire state. But it takes two parties not to talk about the tax rises necessary to plug that gap. Indeed, no lesser authority than the Institute for Government’s Paul Johnson accused both Labour and the Conservatives…

Britain's new Treasury chief, Rachel Reeves, reveals a 20 billion-pound shortfall in public finances, highlighting challenges faced by the government in ad...

HS2, hospitals and railway lines are all rumoured for cut backs

CHANCELLOR Rachel Reeves is expected to announce cuts to infrastructure projects as she addresses public spending and a £20 billion “black…

Chancellor suggests budget, on 30 October, will involve tax rises and cuts to spending and benefits