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The Latest Breaking News from Rachel Reeves

Watchdog’s investment body findings prompt concern over UK research ‘leadership’

The National Audit Office identified problems at UK Research and Innovation, an arm’s length body considered key to Government priorities.

The Independent UK

The Guardian view on better public transport for the north: good politics and good economics

Editorial: Northern metro mayors are right to demand a step change in public investment at next month’s government spending review

The Guardian - UK

Reeves hails pension funds’ vow to invest billions in UK infrastructure schemes

Chancellor Rachel Reeves has welcomed an agreement which could provide billions of pounds of investment for UK businesses and infrastructure schemes.

The Independent UK

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Urgent Call for Major Law Change to Expose the Truth Behind Channel and Asylum Deaths

MP Nadia Whittome has called for a new law that would force the Home Office to reveal the number of deaths in the asylum system, including those who perish

The Fashion Central

Rachel Reeves Faces Nightmare as ‘Wealthy Workers’ Flee the UK Over Tax Hikes

Concerns are rising over the UK’s shifting tax policies as some of the country’s wealthiest individuals consider leaving due to new tax changes.

The Fashion Central

Reeves’s Mansion House accord on pension funds is long on virtue-signalling

There are so many conditions attached to the ‘pledge’ to invest in the UK that its claims should be taken with a large helping of salt

The Guardian - UK

More than half of MSPs urge Chancellor to back major carbon capture project

Some 71 MSPs and 10 MPs from across the political spectrum warned Rachel Reeves that delaying Acorn will ‘jeopardise’ Scotland’s industrial sector.

Evening Standard

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Pension providers ‘to boost saver outcomes and UK growth’ under new initiative

Pension assets in the scope of the new agreement total £252 billion.

Evening Standard

Starmer faces opposition from Labour MPs and employers over immigration shift

Some backbenchers already thought PM had moved too far right on issue but aides say aim is to make system ‘fairer’

The Guardian - UK

Staff layoffs in UK gain pace amid Trump tariff turmoil and labour cost increases

Surveys show employer confidence at record low, prompting job cuts and hiring freeze

The Guardian - UK

UK interest rate cut may not be enough to improve voters’ dim view of the government

Bank’s move appears to go against the theory that rate cuts will lead to rising inflation and higher wage demands

The Guardian - UK

Voices: Starmer is celebrating big wins on the global stage – but Labour must still beware the threat at home

COMMENT: In trade deals with India and the US, he has succeeded beyond the dreams of his Tory predecessors. But domestic flashpoints on welfare and immigration still loom for the PM, says John Rentoul

The Independent UK

Whitehall departments to be told to move more civil servants out of London or get less cash

Exclusive: Rachel Reeves’ spending review will be aimed at injecting hundreds of millions into growth areas with a shift of government jobs

The Independent UK

Starmer’s war on newts risks breaching Brexit deal, EU warns

The prime minister and chancellor have been accused of ‘scapegoating’ bats and newts

The Independent UK

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The Guardian - UK

Japan-owned car battery maker secures £1bn to build second Sunderland gigafactory

Site likely to create 1,000-plus jobs as AESC wins £680m from UK government plus £320m in private finance and equity

The Independent UK

Rachel Reeves insists welfare system needs reform amid disquiet on benefit cuts

Some 42 backbenchers said the planned cuts were ‘impossible to support’ in a letter to Sir Keir Starmer.

The Guardian - UK

Friday briefing: A big, beautiful trade deal – or a mugging from the school bully?

In today’s newsletter: There’s comfort for the UK’s steel and auto industries but still tariffs to pay as the results of Starmer’s charm offensive on Trump are revealed

The Guardian - UK

Mood-boosting rate cut is a fillip for Reeves but leaves future uncertain

Split in Bank of England votes muddies waters as to direction of monetary policy in coming months

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The Guardian - UK

UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war fallout

Evening Standard

Labour was warned of ‘real and present danger’ to oil and gas sector – Flynn

The SNP Westminster leader was speaking after Harbour Energy announced the loss of 250 jobs.

The Guardian - UK

Domestic economic woes will wreck Reeves’ budget plans, says thinktank

The forecast said low growth would place the Bank of England in difficult position ahead of next interest rate decision

The Independent UK

Chancellor on track to miss fiscal rules, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the Niesr think tank.

Evening Standard

Chancellor Rachel Reeves on track to miss fiscal rules by £63billion, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research

The Fashion Central

Loose Women’s Kaye Adams ‘Devastated’ After STUNNINGLY Being Axed from Role

Kaye Adams has opened up about a painful moment early in her career that left her completely gutted — being axed from what she thought was her big break on TV.

Evening Standard

Labour MPs urged to focus on future amid post-election discontent

Labour is facing a ‘battle for the very future and the heart and soul of our country’, Cabinet Office minister Pat McFadden said.

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