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The Latest Breaking News from Rachel Reeves

Reeves says towns risk becoming ‘banking deserts’ as she sticks to hubs target

The Chancellor insisted the Government’s target for 350 banking hubs was a ‘massive ramp-up’ of previous plans.

The Independent UK

Reeves accused by Tories of ‘crashing the economy’ as output shrinks - live updates

Most economists had been expecting GDP to rise during October but it shrunk 0.1% for the second month running

The Independent UK

Labour reels from shock 0.1% fall in GDP in October

Rachel Reeves admits that the fall in output in the same month as the Budget is “disappointing”

Evening Standard

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UK economy shrinks again in another blow to Reeves, new figures show

The Office for National Statistics (ONS) said output fell by 0.1 per cent in October

The Independent UK

Government Ministers Spend £130k in Six Months on Refurbishing Offices

Ministers have spent £130,000 on redecorating their offices since coming to power in July.

International Business Times UK

100th banking hub launches to help protect cash access

The hub in Darwen, Lancashire, enables customers of different banks to carry out transactions in a single space.

Evening Standard

Currys warns Budget will lead to ‘inevitable’ price rises due to £32m of extra costs

The company joins other retailers and hospitality companies in complaining that Rachel Reeves’s budget in October will mean higher staffing costs

The Independent UK

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Finance watchdog warns ‘we can’t stop everything’ if chancellor’s plan unleashes more fraud

Chancellor Rachel Reeves used her speech to the City last month to say that regulation designed to avoid a repeat of the great financial crisis in 2007/8 had “gone too far”

The Independent UK

Starmer faces wave of strikes as union discontent spreads over pay rise caps

Labour is potentially facing months of unrest over public sector pay as more unions raise concerns over the impact of Rachel Reeves’ spending review

The Independent UK

Loophole used by super rich to avoid tractor tax unavailable to many family farms

Many family farms will be unable to benefit from a widely used tax loophole to avoid inheritance tax

The Independent UK

UK Government splashes £1200 of taxpayer cash on two folders

A UK Government department splashed £1200 of taxpayers’ money on two folders, figures show.

The National (Scotland)

New Budget blow to Rachel Reeves as disability charity says it may be forced to scrap key services

Mencap warns it will be hit by the Labour chancellor’s rise in National Insurance paid by employers

The Independent UK

2.8% public sector pay proposal ‘just the start of the process’, says minister

Unions representing teachers, doctors and nurses have condemned proposals among Whitehall departments.

Evening Standard

Farmers’ protest live: NFU leader fights back tears as tractors block Westminster over inheritance tax rise

Hundreds of farmers blocked Whitehall outside Parliament as Sir Keir Starmer also answered prime minister’s questions on the sensitive issue

The Independent UK

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The Guardian - UK

Wednesday briefing: Everything you wanted to know about the spending review (but were afraid to ask)

In today’s newsletter: All governments do them. But what exactly are they and how can you tell if they worked or not?

Evening Standard

Rachel Reeves faces battle with unions over ‘insulting’ 2.8% pay rise proposal for teachers and nurses

Public sector unions hit out at ‘offensive’ pay proposal, with some hinting at possible strike action

The National (Scotland)

'Thatcherite language': Rachel Reeves slated for public spending crackdown

RACHEL Reeves has been accused of using “Thatcherite language” in her latest crackdown on public spending.

The Independent UK

Savings target different to Osborne’s austerity-era cuts, says Reeves

The Chancellor said there would be a ‘real-terms increase’ in Government spending despite departments being told to meet the target.

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Evening Standard

Chancellor Rachel Reeves dodges questions on funding for assisted dying

Ms Reeves was among 15 members of the Cabinet, including the Prime Minister Sir Keir Starmer, who voted for the assisted dying Bill.

The Independent UK

Reeves denies she is attempting to impose ‘austerity 2.0’ with draconian spending review cuts

The chancellor is asking government departments to find 5 per cent savings

Evening Standard

Cost of ministerial folders revealed as Chancellor launches spending crackdown

Rachel Reeves wants departments to find 5% savings in their budgets, with spending prioritised on key areas.

Evening Standard

Reeves to take ‘iron fist’ to waste as departments challenged to find 5% savings

The Chancellor said finding ways to save money would allow resources to be focused on the Government’s priorities.

The Guardian - UK

UK politics: Kemi Badenoch criticised by Nigerian vice president for ‘denigrating’ his country – as it happened

Kashim Shettima said Nigerians are proud of Badenoch’s achievements, despite her denigrating the country where she was brought up

The Guardian - UK

Chancellor orders ministers to submit spending plans to private sector experts

Rachel Reeves to wield ‘iron fist against waste’ by examining departments’ expenditure line by line

Evening Standard

Ministers warned of cuts as ‘every pound’ of spending to face review

In letters sent by Chief Secretary to the Treasury Darren Jones, departments will be told ‘difficult’ spending decisions will be required.

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