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The Latest Breaking News from Rachel Reeves

Rachel Reeves could scrap 5p fuel duty hike

Chancellor under pressure to shelve plans to increase fuel duty amid ongoing blockade on Strait of Hormuz

The Independent UK

Monday briefing: Is the bond market making Britain ungovernable?

In today’s newsletter: The fate of Liz Truss is a warning to any PM thinking of implementing radical economic reform. But does the need to appease the market mean real change is always out of reach?

The Guardian - UK

UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%

The Guardian - UK

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'Missed opportunity': London mayor Sadiq Khan slams plan for north of England Olympics bid

Spokesperson for Sir Sadiq hits out at the plans, saying it would be a ‘missed opportunity’ to exclude London from a future bid

Evening Standard

London mayor criticises plan for north of England Olympics bid

A spokesperson for Sir Sadiq hit out at the plans, and said it would be a ‘missed opportunity’ to exclude London from a future bid.

The Independent UK

From Team Reeves to Manchesterism: Labour’s four economic camps explained

Wes Streeting or Andy Burnham could launch a leadership bid – here are policies from which they could choose

The Guardian - UK

Politics has tossed friendship out of the window – as Keir Starmer is realising

Britain’s embattled PM is beset by enemies. One reason is that Westminster has ceased to be a club and turned into a shambles, says Guardian columnist Simon Jenkins

The Guardian - UK

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Politics latest: Starmer under pressure over Mandelson vetting files release after fresh delay

Burnham confirmed as Labour’s Makerfield by-election candidate in make-or-break battle with Reform

The Independent UK

Friday briefing: Is there any way Keir Starmer can keep hold of his job?

In today’s newsletter: Wes Streeting’s resignation has exposed deep fractures within the Labour party and with a leadership race looming it’s time for Keir Starmer to shout about his achievements

The Guardian - UK

Rachel Reeves is right – a leadership election will only damage Britain’s recovery

THE INDEPENDENT VIEW: Editorial: With new GDP figures showing unexpected growth, Labour’s restless frontbenchers should heed the chancellor’s warning that this is no time to put the economy at risk for the sake of political ambition

The Independent UK

How Keir Starmer plunged in 674 days from 2024 election triumph to fighting for his political life

A timeline of the Prime Minister’s spectacular downfall after his landslide general election victory handed him the keys to No10

Evening Standard

UK economy was on the right track – Trump’s Iran war has wrecked that

Domestic and overseas matters have combined to create a tough outlook for British businesses and consumers

The Independent UK

Rachel Reeves says ‘now is not the time to put our economic stability at risk’

IN FULL

The Independent UK

Reeves warns ‘now is not the time’ for change as rumours swirl about Labour leadership contest

Chancellor’s comments come at a fraught time for Sir Keir Starmer

The Independent UK

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The Guardian - UK

Leadership rules should ‘not be tweaked’ to let Burnham run for PM, Labour NEC member says

Burnham’s backers understood to be lobbying Labour’s NEC who warn against Wes Streeting ‘coronation’

Evening Standard

Reeves warns against risks to economic stability after surprise March growth

The Chancellor’s comments came amid a possible leadership challenge against Prime Minister Sir Keir Starmer.

The Guardian - UK

Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on

The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battle

The Guardian - UK

‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrous

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news in one place.

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The Independent UK

Labour MPs massively out of step with public on cost of living, survey reveals

Exclusive: Cost of living is the nation’s top concern, government warned

The Independent UK

Majority of Britain’s millionaires are willing to pay more tax, report finds

The findings come amid concerns of a millionaire exodus in the UK

The Independent UK

The £6bn bond yields drama unfolding behind the headlines

UK 10-year gilts have risen by more than those issued by other advanced economies since the start of the Iran war

The Independent UK

More than 12m face ‘pension poverty’ in Britain — and it could get worse

Increase auto-enrolment pension contributions to ease future crisis, says Scottish Widows

The Guardian - UK

A leak at No 11: Rachel Reeves and the satire about the urinal she couldn’t get rid of

When she broke through the glass ceiling and became chancellor, Reeves found her office had its own latrine. Rosie Holt reveals why she turned the story into a play called Churchill’s Urinal

The Independent UK

America’s largest bank wades into Labour’s leadership crisis

Jamie Dimon has threatened to reconsider a $3bn Canary Wharf investment if the party lurches to the left

The Guardian - UK

JP Morgan could scrap £3bn London HQ if Starmer is replaced by PM ‘hostile to banks’

Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lenders

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