The Latest Breaking News from Rachel Reeves

Unexpected growth in the UK economy isn’t enough to detract from the gaping hole in the country’s public finances. Speculation is ramping up about what steps the chancellor of the exchequer, Rachel Reeves, might take to plug the gap come the budget in autumn – and there are no shortage…

Labour chancellor warned over her planned inheritance tax raid on farms

HMRC figures appear to indicate departure of high net worth people is in line with OBR predictions, report says

Growth of 0.3% is a positive sign but the chancellor still has major difficulties to confront

The Chancellor said that her priority was getting ‘our economy firing off all cylinders’.

Successive chancellors have steered clear of increasing taxes for motorists for 15 years, but this should be a no-brainer for cash-strapped Rachel Reeves, says Guardian columnist Larry Elliott

Live, rolling coverage as surprise GDP acceleration in June helps quarterly output beat expectations, while eurozone industrial production slumps

The figure was stronger than the 0.1 per cent level widely expected by economists

GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion in June