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The Latest Breaking News from Rachel Reeves

Former Tory minister to advise Government on industrial strategy

The Government’s new Industrial Strategy Advisory Council will hold its first meeting on Tuesday.

Evening Standard

Chancellor commissions OBR forecast ahead of spring statement

The forecast, published on March 26, will be accompanied by a statement from Rachel Reeves.

Evening Standard

Rachel Reeves’s inheritance tax changes will put 125,000 jobs at risk, trade bodies warn

The Builders Merchants Federation latest to sign the Family Business UK open letter from 32 trade bodies representing 160,000 firms

The Independent UK

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Canal+ launches shares on London market in major boost for City

The company fetched a valuation of about £2.6 billion when its shares began trading on Monday morning.

Evening Standard

Monday briefing: What do we know about Prince Andrew and the alleged Chinese spy?

In today’s newsletter: Many questions remain unanswered about the person known only as H6, but the complex relationship between China and the UK is sure to be put under the spotlight

The Guardian - UK

Chancellor’s call for civil service savings will sound all too familiar to Whitehall

Rachel Reeves wants to drive efficiency savings as part of spending review – departments are used to the challenge

The Guardian - UK

Voters broadly accept Reeves’s £40bn of tax rises, research shows

Almost half of those surveyed by Bristol academics said increases were ‘necessary’ to improve public services

The Guardian - UK

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Economists and policy experts warn Reeves against City deregulation

Nobel laureate Joseph Stiglitz among 50 signatories of statement that points to risks to Labour’s wider aims

The Guardian - UK

Badenoch warns of ‘devastating’ impact of Reeves’ ‘farm tax’ on rural economy

Conservative leader will compare warning that changes could lead to 125,000 job losses to ‘the entire population of Blackburn’

The Independent UK

MPs consider naming Chinese ‘spy’ linked to Prince Andrew

Allegations raise calls for caution in UK over bid to re-establish China links

The Guardian - UK

Blow to Rachel Reeves as leading businessman suggests recession could be ‘around the corner’

James Reed, chairman of the recruitment giant, Reed, said there was a large drop in the number of vacancies it advertised last month

The Independent UK

Canal+ listing is ‘vote of confidence’ in UK stock market, says Reeves

TV channel spun off from France’s Vivendi could climb to £5bn in biggest new listing in London for two years

The Guardian - UK

‘Tractor tax’ blow to Starmer as Labour expert calls for government U-turn

Leading figure – whose analysis Starmer used to defend controversial policy – calls for inheritance tax threshold on farmers to be increased from £1m to £20m

The Independent UK

Brexit reset: five business leaders on how they’d like relations with the EU to change

Rachel Reeves has spoken of a reset in EU relations. Here, experts in everything from music to farming explain what they hope it will mean

The Guardian - UK

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The National (Scotland)

Labour 'failing on own terms' as UK economy shrinks for second month running

LABOUR have been accused of “failing on their own terms” after new figures showed the UK economy shrinking for the second consecutive month –…

The Independent UK

Analysis: Reeves faces recession fears but shrinking industry could offer a bigger problem

Economists are concerned about a longer decline in economic activity, but a shrinking manufacturing industry should be cause for more concern

The National (Scotland)

Labour Government sparking 'doom loop' for UK economy, expert warns

A “DOOM loop” sparked by the Labour Government’s ongoing failure to deliver on its headline pledge of growth is hitting the UK economy ...

Evening Standard

OPINION - Rachel Reeves' terrible stewardship of the economy means Labour need quick wins right now

For the first time today Rachel Reeves “owned” yet another worryingly below par set of economic figures.

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The Independent UK

Reeves says towns risk becoming ‘banking deserts’ as she sticks to hubs target

The Chancellor insisted the Government’s target for 350 banking hubs was a ‘massive ramp-up’ of previous plans.

The Independent UK

Reeves accused by Tories of ‘crashing the economy’ as output shrinks - live updates

Most economists had been expecting GDP to rise during October but it shrunk 0.1% for the second month running

Evening Standard

Labour reels from shock 0.1% fall in GDP in October

Rachel Reeves admits that the fall in output in the same month as the Budget is “disappointing”

The Independent UK

UK economy shrinks again in another blow to Reeves, new figures show

The Office for National Statistics (ONS) said output fell by 0.1 per cent in October

International Business Times UK

Government Ministers Spend £130k in Six Months on Refurbishing Offices

Ministers have spent £130,000 on redecorating their offices since coming to power in July.

Evening Standard

100th banking hub launches to help protect cash access

The hub in Darwen, Lancashire, enables customers of different banks to carry out transactions in a single space.

The Independent UK

Currys warns Budget will lead to ‘inevitable’ price rises due to £32m of extra costs

The company joins other retailers and hospitality companies in complaining that Rachel Reeves’s budget in October will mean higher staffing costs

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