The Latest Breaking News from Rachel Reeves

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

Supermarket supplier says new pricier range is still cheaper than bill for a night out at a restaurant

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

According to fund’s World Economic Outlook, Britain is on course to average 3.4% this year and 2.5% in 2026

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

It came as the IMF increased its UK growth forecast for this year but reduced its prediction for 2026 amid concerns over the labour market.

IMF also trims growth forecast for 2026 in ‘grim’ news for chancellor weeks before Commons statement

Labour chancellor told a ‘Scrabble bag’ of smaller increases will not rejuvenate UK’s faltering economy

The housebuilder nonetheless said it sold more homes over the past year.