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The Latest Breaking News from Rachel Reeves

Number of payrolled workers in UK fell by 78,000 ahead of budget tax rise

Wages rise 5.9% in three months to February, while unemployment unchanged at 4.4%

The Guardian - UK

UK business confidence falls to lowest level in over two years, survey shows

Accountants’ institute says first quarter of 2025 was ‘harrowing’ for companies amid tax rises and US tariffs

The Guardian - UK

Race against time to secure future of British Steel as No 10 accuses Chinese owners of not acting in good faith

It comes as senior politicians across the political divide call on Keir Starmer’s government to block China investing in critical UK infrastructure

The Independent UK

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The UK has taken British Steel back from China. But can it afford to jeopardise its trade relationship?

A last-minute takeover of British Steel has led the UK’s trade secretary to advise caution against Chinese investment in key sectors. Alicja Hagopian looks at if the UK afford to lose trade with China

The Independent UK

Starmer, Rayner and Reeves release tax returns for first time since election

The tax returns cover a period of time when Labour was still in opposition, the 2023-24 tax year.

Evening Standard

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Independent UK

‘Savage’ UK cuts will deprive 55m people of aid around the world

IN FOCUS: Exclusive: The cuts will result in a reduction of key programmes for education, family planning, water and food aid. Alicja Hagopian and Kate Devlin report

The Independent UK

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Fury over plans for 'spy dungeons' beneath new Chinese embassy in London

The Conservatives have accused Keir Starmer of adopting ‘a policy of appeasement’ towards China

Evening Standard

Do you yearn to hear Starmer condemn Trump? If so, you’re going to be disappointed

‘Don’t poke the beast’ remains the watchword at Number 10 even as the beast rampages around chewing the legs off the global economy

The Guardian - UK

Government announces extra help for businesses hit by US tariffs

The Chancellor said thousands of businesses would benefit from a move to expand UK Export Finance’s backing for firms by £20 billion.

Evening Standard

Rachel Reeves calls for global free trade fightback to protect UK economy

New measures announced to help tariff-hit British firms amid ambitious plans to foster closer ties with EU

The Guardian - UK

UK–US trade breakthrough possible within days amid tariff tensions

Further discussions with Washington are expected this week

Evening Standard

Rachel Reeves Pushed to Launch Controversial New Tax Brits Have Never Paid Before

Believe it or not, a huge chunk of the public are actually on board with a new wealth tax. According to a recent YouGov poll for Oxfam.

The Fashion Central

Did Trump’s tariffs kill economic populism?

Lasting damage has been done not only to Trump’s political credibility but to globalisation as a system

The Guardian - UK

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The Independent UK

UK warned not to waste trade concessions to secure Trump deal as hopes of avoiding tariffs fade

Trade economist Simon Evenett told The Independent that the Trump administration seems ‘very reluctant to go below 10 per cent’ on tariffs

The Independent UK

Voices: Strong GDP growth is unexpected good news for Rachel Reeves – but there’s a ‘but’…

COMMENT : The boost to the British economy from a jump in exports to the US will be short-lived – thanks to Trump’s trade war over tariffs, says James Moore

Evening Standard

UK ‘resolved to get best deal’ with US despite American doubts about carve out

Rachel Reeves is travelling to Poland on Friday to meet European finance ministers.

The Guardian - UK

GDP jump offers Rachel Reeves some light as UK enters Trump tariff tunnel

Growth defied forecasts that chancellor had hobbled economy, but trade war casts long shadow

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The Guardian - UK

Governing bodies braced for grassroots funding cuts from Sport England

English sport’s governing bodies are braced for central government funding cuts

The Guardian - UK

‘People love being here’: London development shows harmony between nature and housing

Five thousand new homes alongside a paradise for newts appears to fly in face of government’s ‘false wedge’

Evening Standard

Healey urges more support at ‘critical moment’ for Ukraine

Prior to a meeting of the Ukraine Defence Contact Group, the UK Government announced a £450 million ‘surge’ of military support to Ukraine.

Evening Standard

China hits back at US with 125% tariffs as Xi Jinping warns Donald Trump ‘there are no winners in trade war’

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

International Business Times

UK's Unexpected Economic Rebound Boosts Govt Amid Trump Tariffs

Britain's economy grew far more than expected in February, official data showed Friday, in a rare piece of good news for the Labour government as it grapples with unpredictable US tariffs.

The Guardian - UK

Starmer aiming to ‘pass emergency legislation in one day’ to save British Steel – as it happened

Parliament is being recalled on Saturday to vote on emergency legislation that will bring British Steel under government control

Evening Standard

UK economy grows faster than expected in February as Trump tariff threat looms

The figures are a positive for Labour, but economists said growth will likely be hampered by the US trade war in the coming months.

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