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The Latest Breaking News from Rachel Reeves

U-turn on inheritance tax for farmers ‘snuck out’ to avoid scrutiny, say Tories

Victoria Atkins says announcement to raise tax threshold from £1m to £2.5m days before Christmas ‘seems very odd’

The Guardian - UK

Labour is living in a fool’s paradise if it thinks it has plenty of time to turn Britain around

Going into 2026, the economy has little forward momentum and things may get worse before they get better, says Guardian columnist Larry Elliott

The Guardian - UK

Farmers rejoice as Starmer caves in to pressure and waters down inheritance tax raid

After months of fierce protests by farmers, Labour has downscaled its plan for the so-called ‘tractor tax’

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Rachel Reeves faces Labour revolt over pubs being hammered by huge increases in business rates

The Chancellor is being urged by landlords and some MPs to rethink the controversial policy

Evening Standard

Rachel Reeves sets early March date for spring statement as OBR prepares forecast

Treasury announces 3 March date to prioritise ‘stability and certainty’ after criticism of buildup to November budget

The Guardian - UK

UK consumers saving less as taxes squeeze incomes, data shows

ONS finds households’ savings ratio has dropped to lowest rate for more than a year across third quarter

The Guardian - UK

Rachel Reeves hit by fresh blow as UK economy growth slows down again

UK economy growth slowed in the third quarter to just 0.1 per cent

The Independent UK

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There are reasons to be cheerful about UK plc in 2026. Here are four

From better prospects for consumer spending to tentative signs of improving productivity, the doom and gloom of 2025 could be behind us

The Guardian - UK

‘You’re barred!’: Labour’s battle with pubs promises a new year headache

A protest barring MPs from pubs is exposing deeper tensions between politicians and the communities they represent

The Guardian - UK

Reeves says tax rises are ‘less necessary’ after Budget

IN FULL

The Independent UK

Rachel Reeves refuses to rule out further tax rises in 2026

The chancellor increased taxes by £26bn in November’s Budget

The Independent UK

The biggest food and drink stories of 2025, from Pizza Express to M&S' strawberry sandwich

Did you manage to get your hands on a 33p margherita at Pizza Express?

Evening Standard

Rachel Reeves welcomes EU deal to loan billions to Ukraine

Ukrainian President Volodymyr Zelensky has said the move will ‘truly strengthen our resilience’.

Evening Standard

‘Little Christmas cheer’ for Reeves as borrowing figures higher than forecast

A borrowing figure of £11.7 billion last month was higher than the £10 billion expected.

Evening Standard

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The Guardian - UK

UK borrowed more than expected in November amid pre-budget pressure

ONS figures show public sector net borrowing was £11.7bn – £1.9bn less than in same month last year

Evening Standard

How support for Labour crumbled in Britain in 2025 with Rachel Reeves' popularity plunging

Backing for the Tories also fell, went up slightly for Reform UK, was unchanged for the Liberal Democrats while the biggest gainers this year were the Greens

The Guardian - UK

From Keir as Eliot Ness to Radon Liz on YouTube – the 2025 alternative politics awards

With the Christmas recess stopping our politicians causing more havoc, it’s time for the Guardian’s parliamentarian of the year awards

Evening Standard

Sadiq Khan reveals what really happened when Rachel Reeves 'kicked him out of her office'

Mayor speaks for first time about alleged bust-up with Chancellor after being asked if she ‘turned into Peggy Mitchell’

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Evening Standard

Interest rates: Why have they been cut and what does it mean?

Here the Press Association looks at what the decision means and what the Bank of England expects to happen to the economy.

The Guardian - UK

Narrow Bank of England vote puts end of interest rate-cutting cycle in sight

Another reduction expected next year but monetary policy committee is deeply divided over inflation prospects

The Independent UK

I agree with Rachel Reeves on investing. But her plan won’t work

CASH VS STOCKS AND SHARES ISAS: I started investing with £100 - cutting the Cash ISAs limit won’t create more investors though, it will just create more taxpayers writes Gabriel Nussbaum

The Guardian - UK

Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy

Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained close

Evening Standard

Reeves’s rejection of North Sea job cuts claim a ‘new low’, say Flynn

The Chancellor said she does not believe 1,000 jobs are being lost every month in the oil and gas sector.

Evening Standard

Chancellor says she does not believe 1,000 jobs being axed a month in North Sea

The figure came from analysis from an offshore expert at Robert Gordon University.

Evening Standard

Minister ‘convinced’ of path to sustainability at Grangemouth plant

Government funding of £120 million will be topped up by £30 million from the plant’s owners Ineos.

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