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The Latest Breaking News from Rachel Reeves

Splashing the cash: how wealthy retirees are avoiding ‘inheritance tax raid’

Wave of spending is triggered by Rachel Reeves’s removal of IHT exemption on pensions from 2027

The Guardian - UK

Chancellor rules out ‘tax and spend’ policies ahead of spring statement

Former Labour work and pensions secretary Lord Blunkett has urged the Chancellor to loosen her fiscal rules.

Evening Standard

Rachel Reeves still needs to level with the British people over tax rises

THE INDEPENDENT VIEW: Editorial: The chancellor’s Budget in October was a gamble that the outlook would brighten. It did not pay off

The Independent UK

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Reeves to raise spectre of Liz Truss to persuade Labour MPs to accept cuts

Chancellor to tell party she is making steep cuts to avoid similar fallout to that which followed 2022 mini-budget

The Guardian - UK

Heathrow closure to cost UK economy up to £4.8m in lost tourism

As well as airlines and passengers, local business and the wider UK economy would be hit by the shutdown

The Independent UK

Budget 2025: What time is the Spring Statement – and what will be in it?

There have been several big policy announcements in the run-up to the event, most recently welfare changes to achieve £5 billion in spending cuts by 2029/30

The Independent UK

Beleaguered Rachel Reeves ranked worst Cabinet minister by Labour members

RACHEL Reeves has been ranked the least popular Cabinet minister by Labour members.

The National (Scotland)

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Thirteen years ago, Emma told me disability cuts nearly broke her family. Now, under Labour, it’s worse

In families like hers, the devastating impact of the £5bn cuts will be felt most keenly. It is a stain Labour may never be rid of, says Guardian columnist Polly Toynbee

The Guardian - UK

Reeves scapegoating bats to cut red tape is absurd, says Packham

Broadcaster and nature campaigner claims Labour’s attack on wildlife in push for economic growth is ‘PR disaster’

The Guardian - UK

Borrowing overshoot will test Rachel Reeves’s resolve on tax rises

Chancellor may see data as vindication for spending cuts but some analysts say more radical action will be needed

The Guardian - UK

UK economic growth forecast to be cut in half in blow to Starmer and Reeves

Major downgrade to growth forecast will pile further pressure on the chancellor

The Independent UK

Pressure on Rachel Reeves as borrowing rises and 'economic growth forecast halved'

PRESSURE is piling on Chancellor Rachel Reeves as UK Government borrowing soared above forecasts last month – and reports say growth forecasts…

The National (Scotland)

Travel shares drop after Heathrow closure; UK deficit overshoots forecasts at £10.7bn – as it happened

Airline and hotel shares tumble as substation fire shuts airport, while UK borrowing jumped more than expected

The Guardian - UK

Reeves under pressure as UK borrowing sharply exceeds forecasts

IFS says chancellor ‘boxed in’ by promises before spring statement as February figure is much worse than expected

The Guardian - UK

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Evening Standard

UK Government borrowing overshoots forecasts ahead of spring statement

Public sector net borrowing was £10.7 billion in February, the Office for National Statistics said.

The Guardian - UK

‘Does it score?’ How the OBR became the key arbiter of the Treasury’s sums

Chancellor has very little headroom within her fiscal rules but is keen to keep Office for Budget Responsibility on side

The Guardian - UK

Government ‘absolutely up for the fight’ over net zero, Ed Miliband says

Exclusive: energy secretary says 2050 target is imperative, and accuses opposition of betraying of future generations

The Fashion Central

Keir Starmer Lacks the Courage to Make the One Move That Could Save Britain

Something quite strange is happening in British politics right now—our Labour Prime Minister seems to be channelling his inner Tory.

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Evening Standard

Government not ‘blindly cutting spending’ or heading for austerity – minister

Chief Secretary to the Treasury Darren Jones also said cuts to spending at next week’s spring statement would not be an admission of economic failure.

The Guardian - UK

Bank of England in no hurry on interest rates – but cuts will come

Despite the decision to hold at 4.5%, businesses and households can take a confident view of the UK’s prospects

The Fashion Central

Kemi Badenoch Sounds Alarm on ‘Emergency Budget’ as Keir Starmer Defends Labour’s Tax Raid

Tory leader Kemi Badenoch has taken aim at Sir Keir Starmer over Rachel Reeves’ decision to hike employers’ National Insurance contributions from 13.8% to 15%.

The Guardian - UK

Thousands of jobs at risk in shake-up of English councils, Unison warns

Union says it will be a ‘travesty if crucial public services are shut down’ in mergers of some county and district bodies

The Independent UK

Bank of England holds interest rates amid concerns over inflation and Trump tariffs

Interest rate remains set at 4.5 per cent but there are still expectations of cuts this year

The Guardian - UK

Bank of England says companies freezing hiring plans as it keeps interest rates on hold

Rate-setting committee also points to mounting global uncertainty as it pauses its cycle of reductions

The Independent UK

Austerity fears grow as Reeves plans major spending cuts in spring statement

A swathe of spending cuts are expected in order to balance the books amid the worsening economic outlook

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