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The Latest Breaking News from Rachel Reeves

Military spending is touted as a remedy for Britain’s ailing economy. Here’s why it won’t work

Since the 1980s Britain’s military spending has grown in real terms, yet more than half of military jobs have been lost. The sector is hi-tech and low labour, says Khem Rogaly, a senior research fellow at the thinktank Common Wealth

The Guardian - UK

‘Broken’ welfare system holding people and economy back – Number 10

Downing Street said there has been an ‘unsustainable rise in welfare spending’ and reforms will be set out in ‘the coming weeks’.

Evening Standard

Cash ISA debate continues - now the UK’s first ISA millionaire backs cutting savings allowance

The current level of £20,000 allowed per person could be cut by 80 per cent

The Independent UK

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If Britain must rearm, how to pay for it? Stiffen the sinews; summon up the taxes

It will fall to Rachel Reeves and the Treasury to fund the PM’s crisis reset. I can help with that, as can John Maynard Keynes, writes Guardian columnist Polly Toynbee

The Guardian - UK

Russia fires wave of missiles at Ukraine as Zelensky hopes for 'meaningful' talks with US

Russia launches latest wave of attacks as Volodymyr Zelensky confirms Ukrainian and UK officials will hold talks in Saudi Arabia next week

Evening Standard

Starmer to speak to European allies amid diplomatic push on Ukraine

Sir Keir Starmer has been seeking to support Ukraine to keep countering Russian aggression.

Evening Standard

‘Tax on savers’ plan from Reeves could hit a million Scots – SNP

Research from the House of Commons Library shows 25% of adults in Scotland have cash ISAs.

Evening Standard

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Liz Kendall says getting people into work is best way to cut benefits bill

Chancellor is eyeing welfare system for potential cuts but pensions secretary says more support for jobseekers is key

The Guardian - UK

Gisèle Pelicot named The Independent’s most influential woman of 2025

The remarkable French grandmother and now global icon tops the 2025 Influence List of 50 exceptional women, from campaigners to politicians, businesswomen to television stars, sports champions to artists and influencers

The Independent UK

Rachel Reeves budget: What’s in and out of chancellor’s ‘austerity 2’ spring statement

News analysis: In less than three weeks Rachel Reeves will deliver her spring statement to the country - an event which is already shaping up to being a second Budget

The Independent UK

Rachel Reeves’ Next Move Set to Spark Fury and Division Within Her Own Party

Rachel Reeves’ plans to cut welfare benefits are set to spark outrage within Labour.

The Fashion Central

Labour MPs 'expecting biggest rebellion yet' over welfare cuts

LABOUR MPs are predicting the biggest rebellion of this Parliament to date over Rachel Reeves’ planned welfare cuts, it has been reported.

The National (Scotland)

Reeves to be forced into fresh tax hikes or austerity drive by faltering economy, top economists warn

Rachel Reeves is warned it will be tough to find extra money for defence spending without raising taxes

The Independent UK

Chancellor could have to break one annual fiscal event commitment – experts

The Chancellor will deliver a statement on March 26 in response to the latest forecast from the budget watchdog.

Evening Standard

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Evening Standard

Minister declines to rule out possibility of new taxes

The Chancellor will deliver a statement on March 26 in response to the latest forecasts from the Office for Budget Responsibility watchdog.

Evening Standard

What the papers say – March 6

A range of stories feature across Thursday’s front pages.

The Independent UK

NHS dentistry facing ‘existential crisis’ with more practices going private amid tax hike

The warning comes as the Liberal Democrats urge the government to exempt the health and social care sector from the April hike to National Insurance contributions, which will cost the sector £3 billion in the next financial year

The Fashion Central

MP Slams ‘Startling Ignorance’ After Rachel Reeves' Embarrassing Manchester Airport Blunder!

A veteran Greater Manchester MP has called for Treasury officials to be taken on a tour of English regions.

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The Independent UK

Rachel Reeves has set herself a fiscal ‘trap’ ahead of spring statement, economists warn

Economists warn new forecasts likely to see chancellor’s headroom disappear because of higher borrowing costs and weak growth

Evening Standard

‘Pass-fail’ fiscal rules leave UK exposed to global changes – IFS

Updated forecasts could see Rachel Reeves’ headroom disappear because of higher borrowing costs and weak growth.

The Independent UK

Whitehall departments ‘asked to reveal lowest priority spending’ ahead of Reeves’ planned cuts

Whitehall departments and the welfare budget are areas being targeted for spending cuts ahead of the Spring Statement

The Independent UK

Is Rachel Reeves about to fix Britain’s public finances on the backs of the poorest members of society?

THE INDEPENDENT VIEW: Editorial: As the chancellor prepares to present her plans for social security reforms she must assess whether her cost-cutting measures are unnecessarily punitive, or indeed realistic

Evening Standard

Councils disappointed as London excluded from Government's £1.5bn plan to tackle deprivation

Chancellor Rachel Reeves promised to ‘reform’ the plan inherited from the Tories - but lack of new funding means London still won’t benefit from it

The Independent UK

Trump’s tariff plans will hit UK economy, top economists warn

The chancellor is plotting billions of pounds of spending cuts as economists warn Donald Trump’s tariffs will throw her growth plans into a spin

The National (Scotland)

Scottish Labour silent as Rachel Reeves to cut billions in welfare

Scottish Labour have remained silent amid reports that Rachel Reeves is planning billions of pounds of cuts to welfare spending ...

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