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The Latest Breaking News from Rachel Reeves

UK facing ‘high’ risk of recession despite inflation dropping to 6.8% – as it happened

UK inflation has dropped to its lowest since February 2022, following cut in energy price cap, but IPPR warns economy could fall into recession

The Guardian - UK

What does Keir do with Angela as reshuffle pressure grows?

Labour leader faces split over whether to change deputy’s role as reshuffle looms ahead of likely 2024 election

Evening Standard

HS2 is the white elephant in the room. If the Tories won’t scrap it, Labour must

The vanity project is scandalously over budget. Finally cancelling it would show the party is serious about public finances, says the Guardian’s economics editor Larry Elliott

The Guardian - UK

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Labour accuses government of losing £250bn from value of UK assets

Rachel Reeves says Tory bond black hole ‘will land working people with another astronomical bill’

The Guardian - UK

Labour says losses to Treasury bond fund costing £8,900 for every UK household

Figures show the Treasury fund, devised to capitalise on the Bank of England’s quantitative easing programme, has eroded over the past three years.

The Independent UK

Bidenomics lessons: Labour looks to Democrats as it prepares for power

Flagship US programme offers blueprint for Rachel Reeves, in echo of policy cooperation in era of Clinton and Blair

The Guardian - UK

Scrap ‘petty and arbitrary’ fiscal rules and invest, top economist who advised Labour urges

Jim O’Neill says OBR should be given new powers to emphasise economic benefits of public investment

The Independent UK

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Suzy Eddie Izzard running to be Labour MP in Brighton

She has previously said she wants to be a Cabinet minister

Evening Standard

Hopes of ‘soft landing’ as US jobs growth slows; UK economy caught ‘in low-growth trap’ – as it happened

Fewer jobs created last month than expected, but economists hope the US can avoid recession

The Guardian - UK

Shadow chancellor Rachel Reeves says interest rates a ‘hammer blow for working people’

Rachel Reeves says rise in base rates did not need to happen as government targets halving inflation

The Independent UK

Rachel Reeves challenges PM to chess match amid plans to revive game

Shadow chancellor, a former chess champion, says scheme to install 100 sets in UK parks is not ambitious enough

The Guardian - UK

Reeves challenges PM to chess game but questions ‘plan for 100 sets in UK parks’

The shadow chancellor, a former junior chess champion, said green spaces in her constituency would ‘love’ to receive one of the boards.

The Independent UK

The UK's top financial influencers skew Conservative – which helps explain why Keir Starmer's Labour is so anxious about uncosted spending pledges

It has become a common complaint among some Labour supporters that Keir Starmer and shadow chancellor Rachel Reeves are being too cautious about their spending commitments in preparing for a future Labour government. At a recent national policy forum, the leadership clashed with the party’s left, which argued against “fiscal…

The Conversation

Labour accuses Government of £1.7bn gas storage ‘mistake’

The closure and subsequent reopening of the UK’s largest gas storage site cost the country nearly £1.7 billion over two years, Labour has said.

The Independent UK

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Evening Standard

Sadiq Khan wins Ulez legal fight but still faces battle to win over Labour critics

Mayor of London to ‘press ahead’ with expansion despite opposition from within his own party

The Guardian - UK

Khan says climate crisis more important than party politics after Ulez victory

London mayor to expand charging zone for drivers after high court win and rejects pressure from Labour leadership to think again

The Guardian - UK

Ditch green policies, win votes? Tories and Labour wrestle with net zero

Arguments between and within the parties have been inflamed by the apparent ‘Ulez effect’ in the Uxbridge byelection

Evening Standard

Inside Labour’s battle with its own green agenda

The Uxbridge by-election and the ongoing disputes over Ulez have shone a light on ideological struggles at the heart of the Opposition, says Anne McElvoy

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The Guardian - UK

Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit

Concerns raised over anonymous briefings that triggered early-hours resignation of Dame Alison Rose

Evening Standard

OPINION - How Labour wooed the City

Sometimes I worry I’m the only person in Britain who’s not been asked to a breakfast meeting with Jonathan Reynolds. That I tend not to eat before noon and have little of value to offer the shadow business secretary is beside the point: it’s always nice to be invited.

Evening Standard

OPINION - The Standard View: Labour knows the City that likes to back a winner

The prawns have been defrosted, the Marie Rose sauce decanted and the lettuce shredded: Labour is once again wooing big businesses. Sir Keir Starmer and Rachel Reeves have stepped up their efforts to win over the City, with one lobbyist revealing he had been invited to breakfast with shadow business…

Evening Standard

How Labour wooed the City: Keir Starmer’s offensive is working on business

Business bosses ready to embrace Labour after charm offensive convinces them they have nothing to fear

The National (Scotland)

How is the Labour Party manifesto shaping up so far?

Labour leader Keir Starmer has come under fire this week after making clear his party would not scrap the Conservative Party’s two-child benefit…

The Independent UK

Labour keeps unfunded spending pledges at bay during ‘chaotic’ policy forum

The party said the two-day Nottingham gathering had ‘endorsed’ Sir Keir Starmer’s vision for a Labour government.

The Guardian - UK

Corbyn and Reeves among MPs who claimed accountants’ fees on expenses

Andrea Jenkyns and Michael Fabricant also among 12 MPs who used parliamentary expenses for help with tax returns

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