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The Latest Breaking News from Rachel Reeves

Urge to soothe markets may blunt Labour’s edge on Tories

Scaling back of green prosperity plan reflects a possibly costly desire to project fiscal stability

The Guardian - UK

The Tories are broken. Labour can be candid about Brexit

Keir Starmer and Rachel Reeves are cautious about spending plans. Rejoining the EU would create the prosperity to fund them

The Guardian - UK

Labour says ‘Tory mortgage penalty’ costs homeowners extra £7,000 a year

Opposition finds fallout of Liz Truss mini-budget has raised average mortgage interest payments by £150 a week in two years

The Guardian - UK

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Keir Starmer will have to break a few eggs if he’s to achieve a green economy

The £28bn delay caps weeks of turmoil over Labour’s green ambitions, but if he’s serious about them, the leader will need to get used to it

The Guardian - UK

OPINION - Labour slams brakes on £28bn green prosperity plan

Lynton Crosby, the Australian political strategist who has run multiple general election campaigns for the Conservatives, is a font of striking sayings. From the ‘dead cat strategy’ (see Michael Fallon) to the idea you ‘can’t fatten a pig on market day’. But right now, it’s all about another of his…

Evening Standard

Labour doesn’t need to sabotage its green prosperity plan – just to cost it clearly

The argument that markets will react badly to borrowing doesn’t wash, says the former shadow chancellor John McDonnell

The Guardian - UK

Labour waters down £28bn green investment pledge to protect fiscal credibility

Labour has watered down plans to spend £28bn a year on green investment after internal tensions over Labour’s flagship economic policy.

The Week

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Labour U-turn will damage Scotland's green potential, says Flynn

THE SNP leader has said the latest Labour U-turn will have “real and damaging consequences” for Scotland's green energy growth.

The National (Scotland)

Boris Johnson resigns as MP with immediate effect and says he is ‘bewildered and appalled’ at being ‘forced out’ – as it happened

Former prime minister to be suspended for 10 days and will not stand again in Uxbridge and South Ruislip

The Guardian - UK

Labour scales back £28billion-a-year green energy plan after Tory economic chaos

Shadow Chancellor Rachel Reeves said the party would 'ramp up' investment in green projects over time but said the economic carnage inflicted on Britain by Liz Truss had narrowed Labour's options

Daily Mirror

Labour postpones £28bn green plan as it seeks to be trusted on public finances

Rachel Reeves says fiscal rule is priority as she delays start of promised investment in eco-friendly industry

The Guardian - UK

Labour ditch £28bn green prosperity pledge

LABOUR has ditched its £28 billion green prosperity plan, claiming it cannot give a “final set of numbers” on spending until a further fiscal…

The National (Scotland)

Labour backtracks on £28bn green prosperity plan

Shadow chancellor Rachel Reeves said the Opposition would not give a ‘final set of numbers’ until a further fiscal statement from the Government.

The Independent UK

Labour in major economic U-turn as it delays flagship £28bn ‘green prosperity plan’

Rachel Reeves blamed Tory government for ‘crashing economy’ as party rowed back on key pledge

The Independent UK

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Evening Standard

Shadow chancellor Rachel Reeves slams brakes on Labour’s flagship £28 billion green investment plan

Shadow chancellor Rachel Reeves on Friday watered down Labour’s flagship £28 billion green investment plan.

The Guardian - UK

Labour won’t be able to instantly fix every Tory failure. But social care would be a good place to start

Solving this neglected crisis requires money. The problem is: so does every public institution starved of funds since 2010, says Polly Toynbee

Evening Standard

Can Rishi Sunak convince the US he’s more than just a ‘caretaker’ PM?

Sunak has high hopes for his sojourn but can Joe Biden view him as anything more than an interim leader? Sarah Baxter reports from Washington

Evening Standard

OPINION - Business is open to Labour, now it wants to see how the sums add up

For decades, the Tories were seen as the custodians of business. New Labour worked hard to charm the City in the run up to 1997 but things went a bit tits up during the Corbyn years. However, Labour was afforded a golden opportunity to recouple when, in 2018, Boris Johnson…

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The Independent UK

Labour’s election war chest boosted by £5m megadonor

Gary Lubner, who made hundreds of millions of pounds running the company behind Autoglass, hopes his support will keep Labour in power ‘for a long time’

The Guardian - UK

The creep of corpspeak: why have Starmer and Sunak’s promises become ‘priorities’?

If only our leaders would ‘deliver’ some honesty, says the Guardian columnist Nesrine Malik

The Guardian - UK

Labour needs an ‘honest debate’ about Brexit damage, union warns

Unless Britain develops a closer relationship with the EU it will continue to haemorrhage investment and jobs, says the GMB

The Guardian - UK

Starmer urged to use some of Labour’s £28bn green fund for other spending

Shadow ministers say green prosperity plan should pay for capital spending such as housing or transport infrastructure

The Guardian - UK

Brexit, the environment, energy bills … it’s hard to tell Labour and Tory policies apart

Cross-party consensus was once called Butskellism. What do we call it when even Rachel Reeves and Jeremy Hunt agree? says Guardian economics editor Larry Elliott

The Guardian - UK

The Observer view on Britain’s economy: it is very sick, but there are remedies

Austerity, Brexit and catastrophic fiscal decisions have inflicted long-term damage to Britain’s productive capacity. Labour is offering the renewal it so badly needs

Evening Standard

Shadow chancellor Rachel Reeves claims energy firms are making ‘war profits’

Shadow chancellor Rachel Reeves has accused energy firms of making “war profits” from the surge in oil and gas prices following Russia’s invasion of Ukraine.

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