The Latest Breaking News from Rachel Reeves

In today’s newsletter: Scotland’s governing party launched its manifesto on Wednesday – but a sense of decay lingers over the SNP

“I would describe myself as a socialist. I describe myself as a progressive”. These were Labour leader Keir Starmer’s words in May 2024 shortly after his first speech of the election campaign. Labour’s constitution defines it as a democratic socialist party. So, in theory, Starmer is a socialist.

British inflation slowed in May to the central bank's two-percent target, official data showed Wednesday, boosting Prime Minister Rishi Sunak's struggling election campaign.

Exclusive: Changes early in expected new government intended to stop repeat of catastrophic Truss mini-budget

Labour’s plans to invest £7.3bn over the next parliament hardly blows the doors off and risks being overegged

City Comment: The economic tone seems to be improving, but it might all hang on a tenth of a percentage point in this week’s inflation figures

UK in a Changing Europe concludes Labour has ruled out changes that would have made biggest boost to growth

The party said its proposals would mean ‘bringing banking back to high streets’.

Letter: Only 30% of candidates are female, writes Hannah Stevens. The issues lie in selection processes and procedures that create enormous barriers to entry for women, disabled people and ethnic minorities