The Latest Breaking News from Rachel Reeves

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

Revised pay offer ensures London Underground staff wages will rise faster than cost of living

The Government will cut the amount of time it takes for judicial reviews to move through the system, Rachel Reeves announced.

The Chancellor is to champion Britain as a place where investors and businesses can count on economic stability during meetings in Washington DC.

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

It came as the IMF increased its UK growth forecast for this year but reduced its prediction for 2026 amid concerns over the labour market.