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The Latest Breaking News from Rachel Reeves

Public sector pay rises could cost up to £10bn, economist warns

Extra money can only come from higher borrowing, higher taxes or cuts in spending, says expert

The Independent UK

Labour says higher-than-forecast UK borrowing shows economic challenge ahead

Treasury says it has received worst postwar inheritance as figures reveal £14.5bn deficit in June

The Guardian - UK

Starmer will bin the two-child benefit cap and outdo New Labour on tackling poverty – I’ll bet on it

On the Aylesbury estate in London this week, I met residents who recall the impact Blair had. This government will go even further, says Guardian columnist Polly Toynbee

The Guardian - UK

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Gloomy economic data deals fresh blow to new Chancellor Rachel Reeves

The scale of the challenge facing Britain’s new Chancellor Rachel Reeves was laid bare today after a flurry of fresh data betrayed an economy stuck in reverse gear and a Treasury saddled with ballooning deficits.

Evening Standard

How the UK’s new government is promising to kickstart the economy – and what it still doesn’t have an answer for

The new Labour government has fully laid out its plans for the UK in its first king’s speech to parliament. There were 40 new bills in the speech, aimed at setting a clear agenda focused on growing the economy and improving living standards for working people. And yet there were…

The Conversation

OPINION - Will Starmer's interventionist King's Speech actually boost economic growth?

As President of the Board of Trade in the 1990s, Michael Heseltine famously declared his intention to intervene "before breakfast, lunch, tea and dinner" to support British business. And this is not a bad description of today's King's Speech, the first under a Labour government for 14 years (technically, the first…

Evening Standard

Keir Starmer appoints two influential leftwing critics as government advisers

Both had warned against ditching £28bn green spending pledge and urged scrapping of two-child benefit cap

The Guardian - UK

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The king’s speech sounded a bit like Labour governments of old. But only a bit

There is to be action but not a tax-and-spend splurge – just patient changes that will take time to pay off

The Guardian - UK

From magic acts to Goldman Sachs and beyond: the US finance whiz helping kickstart UK growth

Tracy Blackwell, boss of the Pension Insurance Corporation, has worked her way from up Baskin-Robbins and survived a shipwreck disaster (for her possessions), to lead a company set to work closely with the new chancellor

The Guardian - UK

Buses, trains and bicycle paths: Labour’s mission to decarbonise UK transport

Environment experts call for bold action as party attempts to revamp creaking infrastructure to hit net zero

The Guardian - UK

‘Grey belt is a misnomer’: Stockport divided on Labour’s housing plans

High Lane residents have already fought one battle against new homes. But some welcome government’s proposals

The Guardian - UK

Labour should scrap two-child benefit cap sooner rather than later

Families cannot afford to wait until UK government says there is money to spare to make such a decision

The Guardian - UK

Reliance on private sector investment could stifle Labour’s economic mission

In the rush for growth, the cabinet has hit the ground running; but a temporary boost to public borrowing may be the only way to get quick results

The Guardian - UK

Labour to fight 2029 election ‘like an insurgent’ as preparations begin

Party’s strategist already planning how to secure second term, bolstered by former MP’s appointment to thinktank

The Guardian - UK

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The Guardian - UK

Jeremy Hunt’s children leave ‘sweet’ notes for Starmer’s son and daughter

Prime minister says family ‘very pleased’ to receive letters from former chancellor’s children about life in Downing Street

The Guardian - UK

Labour will try to blame the Tories for tough spending decisions

Party leadership plans to stay in campaign mode and make sure public is aware how much ex-government has tied its hands

The Independent UK

The Government’s confirmed key policy positions at a glance

Labour has hit the ground running after a landslide General Election victory provided scope for major changes.

The Conversation

The chancellor has tied her own hands with her fiscal rules – here’s why she should change them

The new government has made boosting economic growth its central goal. Chancellor Rachel Reeves wasted no time in announcing changes to the planning system designed to encourage more housebuilding and infrastructure investment.

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The Guardian - UK

Rachel Reeves to announce economic advisory council to boost UK growth

Chancellor is making appointments for new body that will help guide Labour’s ‘national mission’ of economic renewal

Evening Standard

Reeves must go beyond FCA reforms to save London listings

City Voices: Dealmakers will pounce on UK listed companies

The Independent UK

Healthier economy may delay interest rate cuts in a blow for borrowers

The Office for National Statistics said gross domestic product, or the output for the economy, increased by 0.4 per cent in May

Evening Standard

FTSE 100 Live 11 July: GDP recovery continues, index higher but lags global progress

Better-than-expected GDP figures today gave an early boost to new Chancellor Rachel Reeves.

The Guardian - UK

UK politics: minister cites ‘strict spending controls’ amid calls to scrap two-child benefit cap – as it happened

Environment secretary Steve Reed says Labour must ‘stabilise the economy after 14 years of Conservative chaos’

Evening Standard

UK economy jumps back with 0.4% growth as Chancellor Rachel Reeves hails start of 'decade of national renewal'

The Labour Government is banking on boosting economic growth to fund billions more into public services

The Guardian - UK

Surprise growth boost for Labour as GDP rises by 0.4% in May

ONS figures show gross domestic product rising faster than predicted after flatlining in April

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