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The Latest Breaking News from Rachel Reeves

Labour ditch £28bn green prosperity pledge

LABOUR has ditched its £28 billion green prosperity plan, claiming it cannot give a “final set of numbers” on spending until a further fiscal…

The National (Scotland)

Labour backtracks on £28bn green prosperity plan

Shadow chancellor Rachel Reeves said the Opposition would not give a ‘final set of numbers’ until a further fiscal statement from the Government.

The Independent UK

Labour in major economic U-turn as it delays flagship £28bn ‘green prosperity plan’

Rachel Reeves blamed Tory government for ‘crashing economy’ as party rowed back on key pledge

The Independent UK

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Shadow chancellor Rachel Reeves slams brakes on Labour’s flagship £28 billion green investment plan

Shadow chancellor Rachel Reeves on Friday watered down Labour’s flagship £28 billion green investment plan.

Evening Standard

Labour won’t be able to instantly fix every Tory failure. But social care would be a good place to start

Solving this neglected crisis requires money. The problem is: so does every public institution starved of funds since 2010, says Polly Toynbee

The Guardian - UK

Can Rishi Sunak convince the US he’s more than just a ‘caretaker’ PM?

Sunak has high hopes for his sojourn but can Joe Biden view him as anything more than an interim leader? Sarah Baxter reports from Washington

Evening Standard

OPINION - Business is open to Labour, now it wants to see how the sums add up

For decades, the Tories were seen as the custodians of business. New Labour worked hard to charm the City in the run up to 1997 but things went a bit tits up during the Corbyn years. However, Labour was afforded a golden opportunity to recouple when, in 2018, Boris Johnson…

Evening Standard

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Labour’s election war chest boosted by £5m megadonor

Gary Lubner, who made hundreds of millions of pounds running the company behind Autoglass, hopes his support will keep Labour in power ‘for a long time’

The Independent UK

The creep of corpspeak: why have Starmer and Sunak’s promises become ‘priorities’?

If only our leaders would ‘deliver’ some honesty, says the Guardian columnist Nesrine Malik

The Guardian - UK

Labour needs an ‘honest debate’ about Brexit damage, union warns

Unless Britain develops a closer relationship with the EU it will continue to haemorrhage investment and jobs, says the GMB

The Guardian - UK

Starmer urged to use some of Labour’s £28bn green fund for other spending

Shadow ministers say green prosperity plan should pay for capital spending such as housing or transport infrastructure

The Guardian - UK

Brexit, the environment, energy bills … it’s hard to tell Labour and Tory policies apart

Cross-party consensus was once called Butskellism. What do we call it when even Rachel Reeves and Jeremy Hunt agree? says Guardian economics editor Larry Elliott

The Guardian - UK

The Observer view on Britain’s economy: it is very sick, but there are remedies

Austerity, Brexit and catastrophic fiscal decisions have inflicted long-term damage to Britain’s productive capacity. Labour is offering the renewal it so badly needs

The Guardian - UK

Shadow chancellor Rachel Reeves claims energy firms are making ‘war profits’

Shadow chancellor Rachel Reeves has accused energy firms of making “war profits” from the surge in oil and gas prices following Russia’s invasion of Ukraine.

Evening Standard

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The Guardian - UK

The Guardian view on a death of consensus: politicians are having different nightmares

Editorial: Interventions from the Tory chancellor and his Labour shadow spell the end of a period of economic agreement

The Guardian - UK

Partygate: Nadine Dorries suggests Boris Johnson Chequers records might have wrong names and dates – as it happened

Former culture secretary says prime ministerial diaries ‘are frequently wrong’

The Independent UK

Rachel Reeves aligns Labour with Biden on economy in ‘securonomics’ speech

In a talk at the Peterson Institute in Washington, she also suggested the current Brexit deal would be ‘reviewed’ under a Labour government by 2025.

The Guardian - UK

Pay attention to Rachel Reeves: her economic thinking is a return to sanity

The shadow chancellor has a vision for social democracy in an age of economic shocks and uncertainty, says Guardian columnist Martin Kettle

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Evening Standard

OPINION - Rachel Reeves is making the Labour Party look afraid of its own shadow

Here is a very Labour conundrum. Two-thirds of respondents, according to the latest Ipsos poll, think it is more likely that a centre-Left Opposition will be in Downing Street after the next election than the Tories. The requirement is then to behave more like a government-in-waiting, which means not only…

Daily Mirror

Lisa Nandy defends Rachel Reeves over business class flight: 'I don't care where she sits'

Shadow Chancellor Rachel Reeves tweeted a picture of her plane ticket as she flew to New York to promote Labour's economic plans - but drew criticism when observers spotted it was in business class

The Independent UK

Labour would not turn to immigration to plug workforce shortages – Reeves

The shadow chancellor said Britons should be trained up to fill job vacancies.

Evening Standard

Actor Iona Stewart-Richardson, who has clown training, to play Matt Hancock in live show

The actress told us her clown training will ‘come in handy’

The Independent UK

Labour’s Rachel Reeves deletes tweet in row over business flight to New York

The shadow chancellor, who is visiting the US to ‘promote Labour’s economic plans’, sat in a ‘luxury’ seat costing around £4,000

Evening Standard

Labour gaffe as Rachel Reeves flies business class, then hides the evidence

She scrambled to conceal her business class seat number by photoshopping an image

Manchester Evening News

Bank of England boss warns of more financial pain to come after yet another interest rate rise

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation

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