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The Latest Breaking News from Rachel Reeves

Rachel Reeves warned not to target farmers for a second time as she searches for spending cuts

Labour told not to take money from flood defences and farm schemes in wake of inheritance tax raid in the Budget

The Independent UK

OPINION - Unshackle London and the capital will drag Britain out of stagflation

We may not be in recession...yet but the markets have made up their own minds about prospects for the UK

Evening Standard

No shadow cabinet members will be sacked in next four years – Badenoch spokesman

The Conservative leader is ‘very happy’ with her shadow cabinet, her spokesman said.

Evening Standard

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PM insists Reeves in post for ‘many years’ amid calls to rule out tax hikes

Conservative Party leader Kemi Badenoch asked Sir Keir Starmer if the country could ‘afford four more years of his terrible judgments’.

Evening Standard

Kemi Badenoch heckled after suggesting Rachel Reeves got job 'because she's female'

KEMI Badenoch was met with outraged shouts after suggesting that Rachel Reeves got the job as Chancellor of the Exchequer because she is a woman ...

The National (Scotland)

Watch live: Keir Starmer faces grilling from Kemi Badenoch in Commons after surprise inflation fall

Watch live as Sir Keir Starmer faces Kemi Badenoch at Prime Minister's Questions on Wednesday, 15 January, after a surprise inflation fall gave a boost to under-fire chancellor Rachel Reeves.

The Independent UK

Labour Government has no mandate for austerity, Kate Forbes says

KATE Forbes has warned the Labour Government that it does not have a mandate for austerity ...

The National (Scotland)

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Bridget Phillipson dodges question on impact of private school tax raid

As parents and schools complain of chaos, Ms Phillipson refuses to spell out details of the assessment made by the department for education

The Independent UK

Slower UK inflation relieves pressure on Rachel Reeves as financial markets calm

The cost of Government borrowing eased on Wednesday morning in a tentative sign of relief among traders after more heightened economic concerns.

Evening Standard

PMQs LIVE: Keir Starmer and Kemi Badenoch clash after Tulip Siddiq's resignation and inflation fall

PM faces questions over Tulip Siddiq’s resignation as Treasury minister

Evening Standard

Treasury minister signals cutbacks in some public spending to pour more funds into dash for growth

Cabinet ministers will have to meet face-to-face to come up with departmental savings to fund the Government’s priorities

Evening Standard

Labour MPs call Rachel Reeves 'the temp' and compare her to Liz Truss

RACHEL Reeves is being compared to Liz Truss and called a “temp” by her own Labour colleagues ...

The National (Scotland)

Dip in UK inflation offers respite for Reeves and paves way for interest rate cut

Unexpected fall last month will help ease Treasury and Bank of England fears after bond market sell-off

The Guardian - UK

UK Inflation Dips, Easing Some Pressure On Government

Britain's annual inflation rate unexpectedly fell to 2.5 percent last month, official data showed Wednesday, easing some pressure on the Labour government faced with economic unrest.

International Business Times

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Evening Standard

Surprise inflation dip provides ‘respite’ for Chancellor amid market turmoil

Chancellor of the Exchequer Rachel Reeves said she will ‘fight every day’ to improve people’s living standards.

The National (Scotland)

Inflation remains above Bank of England target as Rachel Reeves fights for job

UK inflation unexpectedly fell by 0.1 per cent last month as a dip in hotel prices helped offset a jump in the cost of fuel, new official figures…

The Guardian - UK

Fall in UK inflation to 2.5% paves way for Bank of England rate cut

After week of turbulence in markets, ONS data sends bond yields falling and eases pressure on chancellor

The Independent UK

Inflation unexpectedly falls to 2.5% in boost for Reeves’s plans

In November, the Consumer Prices Index (CPI) came in at 2.6 per cent, where petrol, train travel, and live entertainment pushed up prices

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The Guardian - UK

Keir Starmer is right to gamble on an AI revolution, but it might not pay out in time

The cash to match the prime minister’s ambition will have to come from other budgets long before any benefits are seen, says Guardian columnist Rafael Behr

Evening Standard

What the papers say – January 15

A range of stories lead the papers on Wednesday.

Evening Standard

Ministers await inflation data as Reeves defends response to market turbulence

Chancellor Rachel Reeves is dealing with a period of turbulence in the UK financial markets.

The Independent UK

Two thirds of retailers to hike prices because of Rachel Reeves’ budget, industry warns

The British Retail Consortium said 67 per cent of the finance bosses they asked said they would raise prices

Evening Standard

Two thirds of leading retailers warn Budget will force them to hike prices

The BRC poll of 52 chief financial officers found 70% are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months.

The Independent UK

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

70 per cent of polled CFOs are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months

The Guardian - UK

The Guardian view on Rachel Reeves: turbulence caused by caution, cuts and criticism

Editorial: The chancellor isn’t going anywhere – but clinging to Treasury orthodoxy threatens Labour’s transformative growth agenda

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