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The Latest Breaking News from Rachel Reeves

Global rise in borrowing costs to blame for UK’s higher debt spending – Reeves

Rising borrowing costs are expected to eliminate the Chancellor’s headroom against her self-imposed fiscal rules.

The Independent UK

Reeves to take on unions in showdown over austerity Budget

A defiant chancellor will deliver her spring statement against a background of threats from trade unions and discontent from the Labour left

The Independent UK

Rachel Reeves: For the umpteenth time, it’s not an emergency budget!

WhatsApp exclusive: PM and cabinet in upbeat mood ahead of tomorrow’s eagerly anticipated emergency budget … erm, spring statement

The Guardian - UK

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Sabrina Carpenter tickets: What's the ministerial code? ...The Standard podcast

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Evening Standard

What to expect from Rachel Reeves’ spring statement

Chancellor Rachel Reeves will give an update on her plans for the UK economy in her spring statement on Wednesday, 26 March.

The Independent UK

Spring Statement 2025 LIVE: Rachel Reeves warned economic plans could be derailed as UK growth forecast slashed

Chancellor Rachel Reeves has presented her first highly-anticipated Spring Statement to parliament.

Evening Standard

Benefits reform and jobs cuts: The political headaches for Labour in Reeves’ spring statement

Labour chancellor set to squeeze Whitehall budgets by up to 7 per cent

The Independent UK

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Spring Statement 2025: What you can expect including taxes, benefits and spending cuts

The Chancellor is expected to reveal significant cuts to the Civil Service as well as unveil further details of the cuts to benefits and disability payments

Evening Standard

What to expect from Rachel Reeves’s (brief) spring statement

Talk of tough choices ahead, an increase in debt financing, and more initiatives to promote growth

The Guardian - UK

Our research shows the harm the two-child limit on benefits is doing. Only scrapping it can end this

Since the UK Labour government took office in summer 2024, calls have intensified to scrap both the “two-child limit” – which restricts support for children through universal credit to two children – and the overall benefit cap. With Chancellor Rachel Reeves resisting this pressure as she tries to manage deteriorating…

The Conversation

February inflation set to ease in ‘calm before storm’ of April bill hikes

The latest inflation data will be published on Wednesday, the same day the Chancellor delivers her spring statement.

Evening Standard

Outrage Erupts as MPs Snag £2,558 Pay Rise While Rachel Reeves Slashes Spending!

MPs are set to pocket a tidy £2,558 pay bump from April, just as Chancellor Rachel Reeves gears up to announce deep spending cuts.

The Fashion Central

Labour urged to U-turn as hiked Scotch whisky tax 'loses Treasury £300m'

LABOUR have been urged to end the UK’s “damaging” tax policies on Scottish whisky – with an SNP MP saying Westminster has the industry…

The National (Scotland)

London's housing crisis is harming generations — so how could we fix it?

A £2bn funding boost for new homes in England was announced this week ahead of today’s spring statement but the housing market’s problems run deep. Here’s an overview of where we are and how we got there

Evening Standard

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The Fashion Central

Keir Starmer and Donald Trump in Secret Talks — Tech Tax U-Turn Deal Could Be Imminent!

Sir Keir Starmer and Donald Trump have had a private phone call to talk about a potential economic prosperity deal, Downing Street has confirmed.

Evening Standard

Chancellor faces ‘tough balancing act’ if tax on big tech firms is scrapped

One expert has said the perception of lowering taxes on big businesses while making government spending cuts would likely face criticism.

The National (Scotland)

UK Government warned not to 'push more families into hardship', at poverty summit

THE UK Government has been warned not to “push even more families into hardship” by imposing austerity cuts, ahead of a poverty summit at…

The Independent UK

Britons cutting back on everyday spending due to gloomy outlook on ‘worsening’ UK economy

The Consumer Pulse survey from KPMG found three in five people think the UK economy is worsening

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The Independent UK

‘If I want to go to a concert I’ll pay for it’: Minister heaps pressure on Reeves over Sabrina Carpenter tickets

Deputy prime minister Angela Rayner defended the chancellor, saying it was ‘totally okay for Rachel to make that decision’

Evening Standard

How does the UK's minimum wage compare with other countries as hourly rate increase

Big rises to the national living wage and minimum wage come in this April

Evening Standard

Spring Statement: Rachel Reeves needs AI to 'move needle' on economic growth, says Bank of England governor

The UK’s economy has been flatlining

The Guardian - UK

B&Q owner Kingfisher urges Reeves to rethink tax rises for retailers

Government accused of increasing retailers’ NI contributions and business rates but aiming to cut tax for big tech

The Guardian - UK

Not appropriate to take free tickets, says minister in veiled criticism of Reeves

Matthew Pennycook makes apparent dig at chancellor’s concert freebie but adds it is ‘decision for individual MPs’

Evening Standard

Minister appears to criticise Chancellor over Sabrina Carpenter freebie

Matthew Pennycook said he does not ‘personally think it’s appropriate’ to take a hospitality offering to gigs at the venue.

The Independent UK

Voices: What did you want to see from Rachel Reeves’ spring statement? Join The Independent Debate

THE INDEPENDENT DEBATE: Have your say: The chancellor’s spring statement is just around the corner, bringing with it new concerns about the future of living standards in the UK

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