Tag: Reeves
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Reeves signals no change on welfare cuts as MPs call for flexibility
Read Latest News PA Media Chancellor Rachel Reeves told journalists the government needs to get a grip on welfare spending, on a visit to Rosyth Rachel Reeves has doubled down on the need to reform the welfare system, insisting the government needs to “get a grip” on it. The chancellor’s comments come amid concerns from…
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What will be in chancellor Rachel Reeves plan?
Read Latest News Michael Race Business reporter, BBC News Getty Images The chancellor will give an update on her plans for the UK economy when she gives a statement alongside an economic forecast on 26 March. Rachel Reeves has previously ruled out further tax rises, but faces difficult choices because of the performance of the…
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Rachel Reeves prefers homemade cheese sandwich over Pret to save £5 at lunch | Politics News
Read Latest News Rachel Reeves lunches on her own handmade cheese sandwiches to save £5 instead of going to Pret A Manger, she has told Sky News. The chancellor has set herself against the likes of many in Westminster who descend on the popular chain every day. Former foreign secretary Dominic Raab, for example, was…
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Rachel Reeves: ‘People want to talk me down… I’ll prove I can do it’ | Politics News
Read Latest News 👉 Click here to listen to Electoral Dysfunction on your podcast app 👈 Beth’s been to 11 Downing Street to talk to the chancellor for Electoral Dysfunction. She took some of your questions (and a couple of Electoral Dysfunction mugs) with her. Rachel Reeves reflects on her first few months in the…
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Rachel Reeves says welfare system ‘letting people down’ ahead of expected cuts | Politics News
Read Latest News Rachel Reeves has said the welfare system is “letting down taxpayers”, while she again committed to reaching 2.5% in defence spending by 2027 due to the “enormity of the situation” facing European security. The chancellor told Sky’s political editor Beth Rigby on the Electoral Dysfunction podcast, out on Friday, that there needs…
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The plan to save Rachel Reeves | Politics News
Read Latest News 👉Listen to Politics At Jack And Sam’s on your podcast app👈 Sky News’ deputy political editor Sam Coates and Politico’s Anne McElvoy have their guide to the day ahead in British politics. The domestic agenda is key today with some hints starting to emerge about what Chancellor Rachel Reeves is planning in…
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Reeves’ hunt for growth sparks summit with top investment bankers | Money News
Read Latest News Rachel Reeves’ quest to kickstart growth in Britain’s economy will see her holding talks with leading investment bankers and asset managers this week, the latest in a series of summits with senior financiers. Sky News has learnt that the chancellor has called in executives from companies including Abrdn, BlacRrock, Citi, Goldman Sachs,…
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Chancellor Rachel Reeves’ intervention in car loans case rejected
Read Latest News Chancellor Rachel Reeves’ attempt to intervene in a landmark court case over controversial car loans has been blocked by the UK’s highest court. The Supreme Court case set for in April will rule on whether lenders should have clearly told to customers how much commission they were making from selling car loans.…
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‘No one raised concerns with me’: Chancellor Rachel Reeves responds to expenses allegations | Politics News
Read Latest News Rachel Reeves says “no one ever raised any concerns” about her expenses when she worked at HBOS, as she responds to reports she was investigated while working for the bank. The chancellor was accused by former employees of being involved in an “expenses scandal” while working at Halifax Bank of Scotland (HBOS)…
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Who is Rachel Reeves?
Read Latest News Becky Morton Political reporter Lora Jones Business reporter, BBC News Reuters Rachel Reeves has had a bumpy first few months in government. Her tax-hiking Budget prompted criticism from businesses and farmers, and despite Labour putting a pledge to boost the economy at the centre of its plans, growth has been sluggish. Now…
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Rachel Reeves can be trusted says minister after bank questions
Read Latest News Science Secretary Peter Kyle has said people can “absolutely trust” Chancellor Rachel Reeves following questions about the accuracy of her CV and her use of expenses while working at Halifax Bank of Scotland (HBOS). A BBC investigation found out that while working at the bank Reeves was subject to a detailed whistleblowing…
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PM backs Rachel Reeves after she was ‘investigated over expenses’ at banking job | Politics News
Read Latest News Sir Keir Starmer says he has full confidence in Rachel Reeves after questions were raised about inaccuracies in her CV and her use of expenses in a previous job. The chancellor has been accused by former employees of being involved in an “expenses scandal” while working at Halifax Bank of Scotland (HBOS) from…
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PM backs Reeves despite allegations of expenses scandal at bank job | Politics News
Read Latest News Sir Keir Starmer says he has full confidence in Rachel Reeves after questions were raised about inaccuracies in her CV and her use of expenses in a previous job. The chancellor has been accused by former employees of being involved in an “expenses scandal” while working at Halifax Bank of Scotland (HBOS), according…
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Happy birthday Rachel Reeves | Politics News
Read Latest News Sky News’ deputy political editor Sam Coates and Politico’s Anne McElvoy look at the day ahead in British politics. Chancellor Rachel Reeves starts her birthday with good news – the economy grew slightly at the end of last year, according to the early showing of official figures. So where does the glimmer…
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Reeves calls in bank chiefs for growth talks | Money News
Read Latest News Rachel Reeves, the chancellor, has called in the bosses of Britain’s biggest high street lenders for a fresh round of talks on the government’s economic growth agenda. Sky News has learnt that executives from companies including Barclays, HSBC, Lloyds Banking Group, NatWest and Nationwide have been asked to attend a meeting with…
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‘New era of stagflation’ and ‘putrid’ figures for Reeves
Read Latest News Just now A gloomy warning for the British economy leads many of the papers. The Financial Times says the Bank of England has halved its growth forecast, with a cut to rates powering the FTSE 100. The bank is expecting the economy to grow by just 0.75% this year in what the…
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UK growth outlook downgraded by leading economic forecasters in latest blow to Chancellor Rachel Reeves | Money News
Read Latest News The UK economy is forecast to improve more slowly than previously predicted after stagnant growth late last year. The EY ITEM Club expects UK gross domestic product (GDP) to grow by 1% in 2025, down from a previous estimate of 1.5%. The economic forecaster is the latest influential group to cut its…
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AstraZeneca move leaves Reeves under the weather | Money News
Read Latest News In substance and timing, AstraZeneca’s decision to cancel a planned expansion of its flu vaccine facility at Speke is a blow to the government’s recent zeal for growth. Instead of injecting £450m into the plant on Merseyside, a dispute with the new administration over the amount of government support has seen the…
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Is Chancellor Rachel Reeves abandoning north-east England?
Read Latest News LDRS/Reuters The closed Gateshead flyover stands as an example of immediate infrastructure support the north-east of England needs As I listened to coverage of Chancellor Rachel Reeves announcing her backing for airport expansion and a UK Silicon Valley in the south-east of England, I was driving through crumbling northern infrastructure. First up,…
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Can Love Island help Rachel Reeves? | Politics News
Read Latest News 👉 Click here to listen to Electoral Dysfunction on your podcast app 👈 The chancellor was trying to channel Love Island when she announced her plans for growth this week. But are her new ideas actually the “bombshell” her advisers hope they’ll be? Can they get everyone’s attention? And will the strategy…
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Rachel Reeves in ‘Bring It On Mode’
Read Latest News Justin Webb joins Nick to talk about his interview with the Chancellor. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures &…
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Could Racheal Reeves’ new reforms boost growth?
Read Latest News Getty Images Chancellor Rachel Reeves said on Wednesday that “economic growth is the number one mission of this government” as she unveiled a series of proposals to boost the UK’s economy. But how quickly could the government get growth from the plans she announced? Critics have argued some of the projects –…
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The Rachel Reeves Runway for Growth
Read Latest News The chancellor backs a Heathrow expansion. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures & Fan Favorites!
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Heathrow expansion: As Rachel Reeves grapples with growth, it’s the carbon budget she now needs to balance | Science, Climate & Tech News
Read Latest News Rachel Reeves is supposedly someone who understands tight budgets. While she may not have all the cash she’d like to deliver her airport expansion plans, the real constraint is carbon. And Britain’s carbon budget has, to use the fiscal parlance of the Treasury, very little headroom at all. This isn’t an academic…
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Growth is a fight Starmer and Reeves want to have – and they can’t afford to lose | Politics News
Read Latest News Deregulation, streamlining planning decisions, and clamping down on judicial reviews – you might have found much of what Rachel Reeves said on Wednesday a bit dry and abstract. But keep reading, because it is also a very big deal, and years down the track will probably be looked back on – for…
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Rachel Reeves’ plans will boost UK but it could take a long time
Read Latest News A third runway at Heathrow, “Europe’s Silicon Valley” between Oxford and Cambridge and relaxing planning constraints. There were a lot of different announcement’s in Rachel Reeve’s push to revive the UK economy. The key takeaway, the bottomline of her plans, is that these changes will work – they will boost UK growth.…
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what was in Rachel Reeves speech?
Read Latest News PA Media Rachel Reeves has set out a series of major announcements on infrastructure projects, including backing plans for a third runway at Heathrow Airport. She promised to go “further and faster” than previous governments after years of sluggish growth in the UK. So what did she announce? Heathrow expansion Reeves confirmed…
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Rachel Reeves backs Heathrow expansion to boost UK growth
Read Latest News Chancellor Rachel Reeves has backed a third runway at London’s Heathrow airport as part of a fresh plan to get the UK’s sluggish economy growing. She said Heathrow expansion, which has been delayed for decades over environmental concerns, would “make Britain the world’s best connected place to do business”. In a wide-ranging…
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Chancellor Rachel Reeves announces backing for third Heathrow runway | Politics News
Read Latest News Rachel Reeves has announced her support for a third runway at Heathrow Airport. The expected move comes as the chancellor delivered a speech announcing her plan to improve growth in the UK. She said there had been “no progress in 80 years” and that a third runway was “badly needed”. She said…
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Is Rachel Reeves ignoring the North? | Politics News
Read Latest News 👉Listen to Politics At Jack And Sam’s on your podcast app👈 Sky News’ deputy political editor Sam Coates and Politico’s Anne McElvoy look at the day ahead in British politics. Today’s the day for Rachel Reeves, as she aims to get the economy growing with a big speech this morning. There’s the…
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Rachel Reeves expected to welcome Heathrow expansion plans
Read Latest News Chancellor Rachel Reeves is expected to welcome Heathrow’s expansion in an announcement on Wednesday, the BBC understands. A move to encourage in principle a planning application for a third runway at the airport will mark the first stage of the process and come as part of a major speech on wider growth…
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‘Europe’s Silicon Valley’ at heart of government’s growth plans, Rachel Reeves to announce | Politics News
Read Latest News Rachel Reeves will unveil Labour’s plans to grow the UK economy on Wednesday, warning it “will not come without a fight”. The chancellor is expected to announce a raft of measures including developing Oxford and Cambridge – which she says has the “potential to be Europe’s Silicon Valley” – building nine new…
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Big economy speech will take no immediate pressure off Rachel Reeves | Money News
Read Latest News Don’t, whatever you do, call it a “relaunch”. When the chancellor stands up and delivers her much-anticipated speech on Wednesday – with all sorts of exciting schemes for new infrastructure and growth-friendly reforms – she will cast it as part of the new government’s long-standing economic strategy. Having begun the job of…
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Reeves wrong to pit climate vs growth, says Labour MP
Read Latest News EPA A Labour MP has signalled his objection to an expansion of Heathrow Airport, saying that building more runway capacity would not help reach the government’s net zero goals. Chancellor Rachel Reeves has hinted the government would support a third runway at the London airport. Former shadow climate change secretary Barry Gardiner…
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Is this a Rachel Reeves reset?
Read Latest News Plus, President Trump says Keir Starmer is doing a “very good job” Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures &…
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Remove violent content seen by Southport killer now, says Reeves
Read Latest News Tech companies should take down harmful material now – Reeves Online platforms must act now to remove violent content viewed by the Southport killer to prevent further attacks, Chancellor Rachel Reeves has told the BBC. Her comments on Sunday with Laura Kuenssberg come after the home secretary wrote to X, Meta, TikTok,…
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Reeves to seek billions for growth from corporate pension surpluses | Money News
Read Latest News Rachel Reeves will this week announce plans to unlock tens of billions of pounds from corporate pension schemes as part of government plans to kickstart economic growth. Sky News has learnt that the chancellor will use a crucial speech on Wednesday to disclose that she wants to use so-called surplus release to…
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Reeves hints at support for Heathrow expansion
Read Latest News The chancellor has hinted the government would support a third runway at Heathrow Airport, saying “sustainable aviation and economic growth go hand in hand”. Rachel Reeves told the BBC she would not comment on “speculation” and the government would set out its plans in due course. However, she said a third runway…
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Rachel Reeves ‘absolutely happy’ to look at joining EU customs group | Politics News
Read Latest News The chancellor has said the goverment is “absolutely happy” to look at joining a pan-European customs area after the EU said it is open to British membership. Earlier this week, EU trade commissioner Maros Sefcovic said Brussels “could consider” allowing the UK into the Pan Euro Mediterranean Convention (PEM) as part of…
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Rachel Reeves says ‘no stone should be left unturned’ in Southport inquiry | Politics News
Read Latest News Rachel Reeves has said “no stone should be left unturned” in the Southport inquiry to stop anything so “appalling” happening again. The chancellor told Sky News’ Sunday Morning with Trevor Phillips the inquiry announced this week into how Axel Rudakubana was able to murder three little girls and injure 10 others last…
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Reeves’ war on ‘blockers’ and Southport ‘fatal errors’
Read Latest News A number of the papers lead on stories about Chancellor Rachel Reeves and her plans for the British economy. The Sunday Telegraph says she has insisted she will not tolerate “blockers” in her own party who try to stop the construction of homes and infrastructure. It comes ahead of the introduction of…
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Rachel Reeves to soften non-dom tax crackdown after ‘listening to concerns’ | Politics News
Read Latest News Rachel Reeves is to water down her crackdown on the non-dom tax status after analysis showed it had prompted an exodus of millionaires. The chancellor said she would be tabling an amendment to the plans after “listening to the concerns” of non-domiciled residents. Politics Live: Ed Miliband won’t resign over Heathrow decision…
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Rachel Reeves to soften non-dom tax changes
Read Latest News Plans to abolish non-dom status will be amended to allow a more generous phase out of tax benefits, Chancellor Rachel Reeves has announced. Reeves told an audience at the World Economic Forum in Davos that changes would be made to upcoming legislation to increase the generosity of a facility to help non-doms…
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UK not to be a target of Donald Trump’s tariffs, Chancellor Rachel Reeves says | Money News
Read Latest News Chancellor Rachel Reeves has indicated she will overrule environmental objections to a third runway at Heathrow in order to prioritise economic growth, a position likely to bring her into conflict with colleagues including energy secretary Ed Miliband. Speaking as she began a 48-hour pitch to international investors at the World Economic Forum…
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Rachel Reeves risks economic ‘doom loop’ if spending cuts continue, ex-Bank of England chief economist warns | Politics News
Read Latest News Rachel Reeves risks entering an economic “doom loop” if she continues to cut spending, a former Bank of England chief economist has warned. Andy Haldane, who was with the Bank for 32 years until 2021, said the Office for Budget Responsibility’s (OBR) forecast in March could lead to less investment and spending.…
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The Rachel Reeves fightback | Politics News
Read Latest News 👉Listen to Politics At Jack And Sam’s on your podcast app👈 Sky News’ deputy political editor Sam Coates and Politico’s Anne McElvoy look at the day ahead in British politics. Anne is in Davos where Chancellor Rachel Reeves is kickstarting her economic fightback. The chair of the Competition and Markets Authority has…
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Chancellor Rachel Reeves to join celebrities and world leaders at WEF Davos to drum up support for UK economy | Money News
Read Latest News Chancellor Rachel Reeves will travel to the World Economic Forum (WEF) in Davos this week to court potential investors in UK growth projects, joining hundreds of political and economic leaders gathering in the Swiss Alps in the shadow of Donald Trump’s inauguration. Ms Reeves will join political leaders including German chancellor Olaf…
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Reeves to meet US financiers as Trump presidency kicks off | Money News
Read Latest News Rachel Reeves will hold talks with some of Wall Street’s leading financiers in Davos this week, less than hours after Donald Trump’s second US presidency gets underway. Sky News understands that the chancellor will attend a breakfast hosted by JP Morgan on Wednesday amid speculation about the threat of US tariffs being…
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Rachel Reeves says she won’t let critics get her down
Read Latest News Rachel Reeves has said she will not let critics “get me down” following a bumpy few days for the UK economy. The chancellor was speaking to the BBC’s Political Thinking with Nick Robinson podcast towards the end of a week which saw the country’s borrowing costs rise to the highest level for…
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Going for growth: Rachel Reeves v the markets
Read Latest News What could the chancellor do to grow the economy? Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures & Fan Favorites!
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Reeves should be wary of expecting surprise inflation good news to last – with tax rises yet to bite and Trump tariffs ahead | Money News
Read Latest News A fall in December’s CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to Rachel Reeves. The chancellor has been under intense scrutiny for the last week as UK borrowing costs have risen (in line with US and European peers) and…
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Rachel Reeves rejects ‘Peking duck’ charge in Commons fightback | Politics News
Read Latest News She came out fighting. But will a gutsy Commons performance be enough to save Rachel Reeves and restore confidence in her handling of the turmoil in the money markets? The answer is that she lives to fight another day. But while she has undoubtedly brought herself some time, her position will remain…
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Chancellor Rachel Reeves accused of refusing to ‘face up to her own failures’ amid market turmoil | Politics News
Read Latest News Chancellor Rachel Reeves has been accused of refusing to “face up to her own failures” by “jetting off to Beijing” during a week of market turmoil. Shadow chancellor Mel Stride accused the chancellor of ducking difficult questions as the “government was losing control of the economy” while Ms Reeves visited China over…
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Rachel Reeves vows action on growth amid rising debt costs
Read Latest News Reeves says “economic headwinds” are a reminder of need to “go further and faster” on growth Chancellor Rachel Reeves has pledged to go “further and faster” to improve economic growth after market turbulence saw the cost of servicing UK debt rise. The last few days have seen pressures on the public finances…
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Has Rachel Reeves crashed the economy? | UK News
Read Latest News 👉 Listen to Sky News Daily on your podcast app 👈 Chancellor Rachel Reeves is not having the easiest time reining in the economy. Last week saw markets turn against Labour’s economic strategy – with the cost of government borrowing surging and the pound dropping to its lowest value against the dollar…
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‘Another lettuce’ for Reeves and ”ruthless’ public spending cuts’ on the way
Read Latest News A picture of Chancellor Rachel Reeves dominates the front page of the Daily Telegraph on Tuesday, with the paper saying the prime minister has thrown her “future into doubt”. The chancellor is facing criticism over the falling pound and rising government borrowing costs. Sir Keir Starmer “twice refused to say if she…
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Starmer and Reeves navigate tricky economic backdrop
Read Latest News A stuttering economy, spiralling government borrowing costs, plummeting approval ratings: little wonder perhaps senior ministers, not least the chancellor, aren’t wasting many smiles these days. Remember too Sir Keir Starmer and Rachel Reeves are the duo that best personify the Labour project of the 2020s; the party’s revival and return, grounded in…
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Sir Keir Starmer refuses to guarantee Rachel Reeves will still be chancellor at next election | Politics News
Read Latest News Sir Keir Starmer has refused to guarantee Rachel Reeves will still be chancellor by the next general election. The prime minister said he had “full confidence” in his colleague, but would not be drawn on her long term future. Ms Reeves is under pressure after the cost of long-term borrowing rose to…
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Rachel Reeves facing ‘pressure’, but ‘people should give her time’, says Wes Streeting | Politics News
Read Latest News The health secretary has said that the cabinet is aware of the “pressure” on Chancellor Rachel Reeves amid volatile markets and a challenging broader economic picture – but appealed for the public to “give her time”. Wes Streeting argued that the public “underestimates” the “amount of heavy-lifting” Ms Reeves has had to…
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Grim economic news raises stakes for embattled chancellor Rachel Reeves’ controversial China trip | Politics News
Read Latest News Rachel Reeves’ trip to China – the first by a British chancellor since 2019 – was always going to be controversial. In recent years Conservative governments have been keeping Beijing at arm’s length – amid concern about espionage, the situation in Hong Kong, and the treatment of the Uyghurs. David Cameron‘s so-called…
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Grim economic news raises stakes for embattled chancellor Rachel Reeves’ controversial China trip | Politics News
Read Latest News Rachel Reeves’ trip to China – the first by a British chancellor since 2019 – was always going to be controversial. In recent years Conservative governments have been keeping Beijing at arm’s length – amid concern about espionage, the situation in Hong Kong, and the treatment of the Uyghurs. David Cameron‘s so-called…
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Rachel Reeves pledges to ‘make UK better off’ as she arrives in China
Read Latest News Getty Images Making working people in Britain better off will be at the “forefront” of the chancellor’s mind during her visit to China, the Treasury has said, following criticism of the trip amid trouble on the financial markets at home. Rachel Reeves will meet her opposite number in Beijing this weekend to…
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Rachel Reeves lands in China amid pressure to cancel trip over market turmoil | Politics News
Read Latest News Making Britain better off will be “at the forefront of the chancellor’s mind” during her visit to China, the Treasury has said amid controversy over the trip. Rachel Reeves flew out on Friday after ignoring calls from opposition parties to cancel the long-planned venture because of market turmoil at home. The past…
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Mortgages rates are not rising yet but Reeves has to act
Read Latest News Getty Images It has not been a good week for Chancellor Rachel Reeves. Government borrowing costs have hit their highest level in 16 years and the pound has fallen to a 14-month low against the dollar. She has gone on a planned trip to China amid accusations from opposition parties that she…
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The chancellor’s gamble with China: What price is Rachel Reeves willing to pay for closer trading ties? | Money News
Read Latest News Given gilt yields are rising, the pound is falling and, all things considered, markets look pretty hairy back in the UK, it’s quite likely Rachel Reeves’ trip to China gets overshadowed by noises off. There’s a chance the dominant narrative is not about China itself, but about why she didn’t cancel the…
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Rachel Reeves heads to China amid pressure over borrowing costs
Read Latest News PA Media The Chancellor Rachel Reeves is travelling to China in a bid to boost trade and economic ties, as she faces pressure over government borrowing costs hitting their highest level in years. The three day-visit has been criticised by some Conservatives who claim she should have cancelled the trip to prioritise…
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Rachel Reeves intervention ruled out as pound slides further | Money News
Read Latest News An intervention by the chancellor to help shore up flagging financial market confidence in the UK economy has been ruled out by the government, amid further declines in the value of the pound. Sterling fell to its lowest level against the dollar since November 2023 early on Thursday, building on recent losses.…
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‘Apocalypse’ LA and ‘Reeves faces extra tax rises’
Read Latest News A harrowing image of a large home totally engulfed in flames in Los Angeles is the main image on the Guardian front page. The paper says fast-moving wildfires have torn through several neighbourhoods of Los Angeles, killing at least two people and destroying more than 1,000 buildings. The paper says about 70,000…
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Soaring UK borrowing costs are a problem for Rachel Reeves
Read Latest News Getty Economists have warned that the government is “on course” to miss its own Budget borrowing targets after interest rates for UK long-term borrowing rose to their highest levels this century. The official forecaster, the Office for Budget Responsibility will start the process of updating its forecast next month, to be presented…
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Reeves needs ‘Christmas miracle’ and King’s ‘message of unity’
Read Latest News The Financial Times leads with Chancellor Rachel Reeves admitting she has a “huge” task to turn around the economy after it saw zero growth between July and September, with business warning of a tough start to 2025. The shadow chancellor, Mel Stride, is calling for Reeves to revisit her “disastrous Budget”, which…
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‘Free to kill’ and Rachel Reeves ‘the Grinch’
Read Latest News Sunday’s papers are dominated by the attack on a Christmas market in Magdeburg, Germany. It comes after a nine-year-old child and four adults were killed, and more than 200 injured, after a car drove into a crowd on Friday evening. The Sun on Sunday carries the headline “Free to kill”. The paper…
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Bank of England governor to join Reeves on key China visit | Money News
Read Latest News Andrew Bailey, the Bank of England governor, will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between the two countries. Sky News has learnt that Mr Bailey and Nikhil Rathi, chief executive of the Financial Conduct Authority, will both accompany the chancellor on…
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Chancellor Rachel Reeves campaigned alongside her mother for Waspi compensation while shadow pensions minister | Politics News
Read Latest News The chancellor campaigned for Waspi women to receive compensation when she was shadow pensions minister – and revealed that her own mother was affected by changes to the pension age. Rachel Reeves spoke in a Westminster Hall debate in 2016 in which she said the women hit by the increase to the…
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Is Rachel Reeves playing fast and loose with inflation? | Money News
Read Latest News Rachel Reeves has repeatedly told us that Labour will not play “fast and loose” with the public finances but is the government playing fast and loose with inflation? At 2.6%, the inflation rate is nowhere near the double-digit highs we saw in 2022 but it is still above target and is likely…
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Rachel Reeves says most Waspi women knew pension age was changing so compensation not needed | Politics News
Read Latest News Chancellor Rachel Reeves has said most Waspi women knew the state pension age was changing so it was not “the best use of taxpayers’ money to pay an expensive compensation bill”. The government revealed on Tuesday it would not be compensating millions of women born in the 1950s – called Waspi women…
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‘MI5 probes Duke spy claims’ and ‘GDP blow to Reeves’
Read Latest News Kemi Badenoch has “blasted” Labour for “crashing” the economy, according to the Daily Express. The comment came after it emerged GDP fell by 0.1% in October. The Conservative leader criticises Chancellor Rachel Reeves and PM Sir Keir Starmer, and says they are “making the wrong choices”, the paper reports. The Financial Times…
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Rachel Reeves says assisted dying unlikely to hit public finances
Read Latest News Chancellor Rachel Reeves has said she believes the Assisted Dying Bill will not cost the government more money if enacted. Last month, MPs approved the first stages of a bill to allow terminally ill adults to seek help to end their life if they are eligible and have made their decision voluntarily.…
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Rachel Reeves targets ‘wasteful spending’ as government departments challenged to find 5% savings | Politics News
Read Latest News Rachel Reeves has said she is “determined” government departments will find 5% savings through a crackdown on “wasteful spending”. The chancellor said this was not a return to austerity as departmental budgets “will increase” over the next five years, but said it was “absolutely vital that we get value for money”. “It’s…
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Does Rachel Reeves need an Elon Musk? | Politics News
Read Latest News 👉Listen to Politics At Jack And Sam’s on your podcast app👈 Sky News’ deputy political editor Sam Coates and Politico’s Jack Blanchard share their daily guide to the day ahead in politics in under 20 minutes. Rachel Reeves gets Westminster in the Christmas spirit as she launches her spending review – will…
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Future tax rises won’t be needed, insists Rachel Reeves
Read Latest News The chancellor has said she will not need to raise taxes to “top up” public spending, after facing pressure to spell out her future tax plans. Rachel Reeves made headlines last week by telling a business conference she would not be “coming back” with tax hikes in the coming years. She declined…
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Reeves set for mid-January talks with Chinese counterpart | Money News
Read Latest News The Treasury is close to finalising Rachel Reeves’s first visit to China as chancellor just days before Donald Trump is sworn in for a second time as US president. Sky News understands that Whitehall officials have pencilled in a mid-January resumption of the UK-China Economic and Financial Dialogue after a six-year hiatus.…
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‘No more tax rises, insists Reeves’ and ‘PM in jobs push’
Read Latest News A number of Tuesday’s newspapers lead with Chancellor Rachel Reeves defending the Budget and ruling out further tax rises. The Daily Mail says that in a bid to head off a “growing business revolt over her £40 billion ‘tax-bomb’ Budget”, Reeves told the Confederation of British Industry (CBI) conference she was “not…
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Reeves My Lips, No New Taxes (On Business)
Read Latest News Chancellor tells businesses she is “not coming back with more borrowing or more taxes”. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top…
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Chancellor Rachel Reeves promises she will not raise taxes again | Money News
Read Latest News There will be no more tax rises or borrowing for the duration of this government’s term, Chancellor Rachel Reeves has said. She told business leaders there will not be another budget like her maiden announcement, which included a rise in employers’ national insurance contributions and the national minimum wage. “I’m not coming…
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Is Rachel Reeves the new Margaret Thatcher? | Politics News
Read Latest News 👉Listen to Politics At Jack And Sam’s on your podcast app👈 Sky News’ deputy political editor Sam Coates and Politico’s Jack Blanchard share their daily guide to the day ahead in politics in under 20 minutes. Another week, another opportunity for Rachel Reeves to defend the tax rises in her budget. Today…
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Will Rachel Reeves’ difficult week cause her lasting damage?
Read Latest News Reuters Politics is often reduced to a story of who’s up and who’s down. I am, personally, sceptical of the idea of politics being a horse race – I’ve read too many confident predictions about the state of it that proved to be a nonsense. But politicians specialise in storytelling – and…
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MPs raise questions about Chancellor Rachel Reeves’ CV
Read Latest News PA Media Chancellor Rachel Reeves’s CV came under the spotlight at Prime Minister’s Questions, following claims she had embellished some of her past achievements. Reeves has previously said she worked as an economist at Halifax Bank of Scotland (HBOS) before entering politics. However, her profile on the networking site LinkedIn has been…
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What is Rachel Reeves’ plan for pension funds?
Read Latest News Reuters Chancellor Rachel Reeves says she wants pension schemes to “fire up the economy” Plans for a major shake-up of pension funds have been announced by the chancellor, Rachel Reeves. She wants to create pension “megafunds” by merging the UK’s 86 council schemes, using the set-up in Canada and Australia as a…
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Reeves has welcome support from Bank’s governor as she goes for growth and seeks to woo City | Money News
Read Latest News When Gordon Brown delivered his first Mansion House speech as chancellor he caused a stir by doing so in a lounge suit, rather than the white tie and tails demanded by convention. Some 27 years later Rachel Reeves is the first chancellor who would have not drawn a second glance had they…
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Rachel Reeves to create pension ‘mega funds’ to invest in infrastructure | Politics News
Read Latest News Pension “mega funds” will be created under government plans to increase infrastructure investment. Reforms could “unlock £80bn” of investment, according to Treasury plans, which say bigger funds can get greater returns. Chancellor Rachel Reeves wants to imitate the way large Canadian and Australian pension schemes work. She will give more details about…
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‘Too small’ UK pension funds hold back growth, says Rachel Reeves
Read Latest News Getty Images UK public sector pension funds are not big enough to generate good returns for British savers, Chancellor Rachel Reeves has told the BBC. Her comments come as the government reveals plans to merge the UK’s local government pension scheme, a group of funds which together manage £354bn in investments, into…
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Retailers warn Reeves of inflation and job losses after budget tax hikes | Money News
Read Latest News Some of Britain’s biggest retailers have warned the chancellor that last month’s budget will stoke inflation in the economy and spark job losses as tax hikes add nearly £2.5bn to the industry’s annual tax bill. Sky News has obtained the draft of a letter coordinated by the British Retail Consortium (BRC) to…
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Reeves to unveil plans for radical payments shake-up | Money News
Read Latest News The government is to unveil plans for a shake-up of Britain’s payments infrastructure which will involve the Bank of England being given a more powerful role overseeing it. Sky News has learnt that Treasury officials have given the green light to a new ‘Payments Vision’, the details of which will be set…
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Hospitality chiefs warn Reeves of carnage over Budget tax hikes | Money News
Read Latest News Rachel Reeves will this weekend be told by some of Britain’s biggest hospitality groups that the tax hikes imposed in last month’s Budget risk triggering a tsunami of job losses across the sector. Sky News has learnt that dozens of bosses from pub, restaurant and hotel operators have agreed to sign a…
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‘Reeves is driving up prices’ and William’s ‘hardest year’
Read Latest News “Reeves is driving up prices, warns Bank,” is the headline on the Daily Telegraph which reports a warning from the Bank of England that Britain is “facing a fresh rise in inflation” after what the paper calls Chancellor Rachel Reeves’s “tax-and-spend Budget”. The Telegraph says lenders have been raising mortgage costs despite…
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UK will make ‘strong representations’ to Trump about tariff plans, Reeves says | Politics News
Read Latest News Rachel Reeves has said she is “confident” trade flows with the United States will continue under President-elect Donald Trump despite his proposal to put up tariffs. The chancellor was asked what implications the result of the American election will have on her plans for growth as she faced questions from the Commons…
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Chancellor Rachel Reeves admits she was ‘wrong’ to say higher taxes not needed during election | Politics News
Read Latest News Rachel Reeves has admitted she was “wrong” to say higher taxes were not needed during the election campaign – as she warned businesses may have to make less money or pay staff less to cover a tax increase. A month before Labour won the July election, Ms Reeves said “we don’t need…
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Rachel Reeves ‘not immune’ to National Insurance hike criticism
Read Latest News Chancellor Rachel Reeves has defended increasing taxes for employers in last week’s Budget while saying she is “not immune” to the criticism she has received. However, she told the BBC money had to be raised in order to put public finances on a “firm footing”. The decision to increase National Insurance contributions…
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Rachel Reeves avoids Liz Truss moment as markets stabilise | Money News
Read Latest News UK markets stabilised on Friday, offering some reassurance to Rachel Reeves as investors, policy makers and business continued to absorb the scale and implications of her first budget. Thursday saw an unusually large increase in the cost of UK government borrowing in response to the massive package of tax rises and increased…
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Rachel Reeves doesn’t mind if you don’t like her Budget
Read Latest News Getty Images Chancellor Rachel Reeves always knew she was going to spend many days explaining her Budget. The reaction of those paying the bills for this near-record increase in taxes was always going to be harsh. For the chancellor, her political pain for now is a price worth paying. The Budget is…