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The Latest Breaking News from Rachel Reeves

Labour bin 'temporary' pledge to raise taxes on tech giants

LABOUR have ditched a pledge to raise taxes on multinational companies such as Facebook and Amazon in order to support small businesses ...

The National (Scotland)

Backlash as 'out-of-touch' Rishi Sunak tells struggling families UK must 'hold our nerve'

The Prime Minister claimed there was 'no alternative' but to hike interest rates in order to tackle inflation, but he was branded 'out-of-touch' and 'not up to the job' after an awkward TV interview

Daily Mirror

‘There’s a lot of anger’: the mortgage trap ensnaring the Tories in their heartlands

In Selby, site of a key byelection, hardship may be opening the door to Labour even in comfortable Conservative North Yorkshire

The Guardian - UK

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Labour must do no more backsliding on commitments to create a green economy

Sir Keir Starmer doesn’t want to look like a man who makes grandiose-sounding pledges to change the world only to retreat when he encounters resistance

The Guardian - UK

Labour does not rule out blocking public sector pay rises

Rishi Sunak has expressed concern that unaffordable pay increases could trigger a ‘wage-price spiral’ amid stubbornly high inflation.

The Independent UK

Labour can win Selby and Ainsty as people are ‘very angry’ with Tories – Reeves

The shadow chancellor said residents blame the Conservative Government for soaring mortgage rates.

The Independent UK

Jeremy Hunt’s mortgages deal dismissed as ‘sticking plaster’ as Sunak urged to offer subsidies

Government told to offer direct support to homeowners – as chancellor’s agreement with banks dismissed as a ‘water pistol to put out a fire’

The Independent UK

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Labour would not back subsidising mortgage holders, Starmer says

Leader says there is no quick fix and there are problems with approach advocated by Lib Dems

The Guardian - UK

Starmer says subsidy for mortgage holders not right approach to crisis

The Labour leader said ‘next month it’s going to feel a lot worse’ for homeowners.

The Independent UK

Labour rule out subsidies for mortgage holders as interest rates rocket

Rachel Reeves has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace…

The National (Scotland)

Rishi Sunak says he is ‘totally, 100% on it’ in battle against inflation – as it happened

Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’

The Guardian - UK

Subsidy for mortgage holders not right approach to crisis, says Labour

Shadow chancellor Rachel Reeves said her plans would instead see banks forced to help homeowners struggling with payments.

The Independent UK

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

The Independent UK

Sadiq Khan warns London faces ‘a wave of repossessions’ unless government intervenes

Mr Khan called for ‘flexibility’ in mortgage deals

Evening Standard

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The Guardian - UK

Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’

Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers

The Independent UK

Labour would force banks to help struggling borrowers to diffuse ‘mortgage bomb’

Chancellor Jeremy Hunt was accused by his Labour shadow Rachel Reeves of ‘standing by’ as millions struggle.

Daily Mirror

Our five simple changes will ease mortgage pain for millions, Labour says

Rachel Reeves made five pledges, including requiring lenders to let borrowers switch to interest-only payments temporarily, or lengthen the term of their loan

The Independent UK

Tories face ‘blue wall’ wipeout from mortgage time bomb

Backlash from mortgage holders could see one in three Tories ousted, as Rishi Sunak urged to act

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The Guardian - UK

Tory MPs split on whether to intervene to help mortgage holders

Figures released on Wednesday expected to confirm UK stuck with highest inflation rate in G7

The Independent UK

Tories fear Partygate will loom over by-elections – despite Sunak’s claim Boris row over

Johnson’s toxic legacy will feature on opposition leaflets, warns elections expert, as honours controversy and police probe rumble on

Daily Mirror

Martin Lewis says mortgage timebomb has 'exploded' and says Tories were warned

Moneysavingexpert.com founder Martin Lewis said he warned Jeremy Hunt about the threat from rising mortgage rates at a summit in December

Daily Mirror

Families hit by 'Tory mortgage penalty' as rates soar - see how your area is affected

Shadow Chancellor Rachel Reeves said households across the country are paying the price for the government 'trashing the economy' as she highlighted how families have been hit by crippling mortgage hikes

Daily Mirror

Keir Starmer fumes Tory 'green crap' attitude costs families extra £1,400 a year

Speaking in Edinburgh, the Labour leader doubled down on his vow to block new oil and gas drilling in the North Sea - but said he wouldn't repeat the mistakes of the Thatcher government

The Guardian - UK

Nicola Sturgeon: ‘I’ve done nothing wrong’

Scotland’s ex-first minister returns home after arrest as poll suggests Labour on course to defeat SNP

The Independent UK

Sarwar: I want Scotland and the UK to lead the world in green revolution

The Scottish Labour leader said that Great British Energy, a publicly owned clean energy company, would help realise that ambition.

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