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The Latest Breaking News from Rachel Reeves

Rise In UK Borrowing Narrows Budget Options For New Govt

UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.

International Business Times

DWP urges almost 1 million pensioners to make urgent Winter Fuel Payment check

Ministers are today launching a drive to ensure hundreds of thousands of low-income pensioners eligible for a winter fuel payment don't miss out.

The National (Scotland)

Government borrowing surges to higher than expected £3.1bn as Reeves under pressure to raise taxes

The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1bn last month, £1.8bn more than a year ago and the highest July borrowing since 2021

The Independent UK

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UK government borrowing hits higher than expected £3.1bn in July

Figures come amid row between Labour and Conservatives over true state of public finances

The Guardian - UK

Economists predict higher taxes and borrowing after UK deficit overshoots forecasts – as it happened

Tough budget looms after UK deficit hits £3.1bn in July – ahead of City forecasts of £1.5bn, and soaring over OBR forecast of £100m

The Guardian - UK

Wednesday briefing: What next for peace in Gaza after six Israeli hostages’ bodies are recovered

In today’s newsletter: Following the return of six killed Israeli civilians, Benjamin Netantahu is facing calls from inside and outside the country to find a way to stop the conflict

The Guardian - UK

Rachel Reeves planning to raise taxes and cut spending in October budget

Chancellor insists she still has large black hole to fill despite stronger than expected growth in first half of 2024

The Guardian - UK

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DWP launches Pension Credit campaign after Winter Fuel Payment changes

Campaingers have welcomed the drive – but say Winter Fuel Payment changes should be scrapped

The Independent UK

The UK risks missing out on the coming AI boom – here’s how it can get back on track

Rachel Reeves, the UK chancellor of the exchequer, has been making cost-cutting announcements ahead of a crunch October budget to deal with what she says is a black hole in the country’s finances. Along with scrapping winter fuel payments, a planned cap on social care and various road and infrastructure…

The Conversation

Ministers launch pension credit campaign after restricting winter fuel payments

Government urges pensioners to check their eligibility for credit which will also qualify recipients for winter fuel support

The Guardian - UK

Rachel Reeves Exposed For Using Taxpayer Funds To Pay Bills After Stripping Pensioners Of Winter Fuel Payments

Rachel Reeves is facing backlash for using taxpayer funds to pay her energy bills while cutting winter fuel payments for pensioners, sparking accusations of hypocrisy and public outrage.

International Business Times UK

Keir Starmer loses popularity as UK ‘moving in wrong direction’ – new poll

MORE than half of people think the UK is “moving in the wrong direction”, according to a new poll which shows a drop in favourability for Keir…

The National (Scotland)

More than half of people think Britain is ‘moving in wrong direction’ in blow to Starmer

Sir Keir Starmer’s approval ratings have dropped from plus 7 to 0 but he is still more popular than Rishi Sunak

The Independent UK

GDP growth is strong but it masks UK plc’s deep-seated structural problems

Rachel Reeves must show how the Tories failed to tackle longstanding productivity, investment and trade deficits and stress how Labour can

The Guardian - UK

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The Guardian - UK

Rachel Reeves’ pension plan could damage the north, says ex-minister

Lord Jim O’Neill says small businesses could lose out from merger of local government schemes to create large fund

The Guardian - UK

Austerity is still austerity, even under a Labour government

The chancellor should be flushed with victory. Instead, she is adhering to an opposition dogma that undermines her own objectives

The Guardian - UK

The Observer view on growth: Labour must be prepared to spend

Public sector pay rises are vital, but raising the revenue to pay for them will be difficult unless fiscally conservative policies are lifted

The Guardian - UK

It’s time to end blame culture over benefits bill, says Labour minister

Exclusive: Work and pensions secretary Liz Kendall pledges to halt Tory ‘salami slicing’ of benefits, but Labour under fire for union pay deals

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The Conversation

A double whammy of winter fuel payment cuts and scrapping a planned cap on social care costs is set to hit older people

Before the general election, former prime minister Rishi Sunak was asked on TV why he “hated pensioners”. After her recent speech in parliament, the same question might be directed at Chancellor Rachel Reeves. She has launched an assault on pensioners in England and Wales akin to the classic boxing “one-two”.

The Guardian - UK

Critic of Osborne’s austerity policy joins Bank of England rate committee

Alan Taylor takes three-year term on Bank’s monetary policy committee and replaces Jonathan Haskel

The Guardian - UK

‘A big ask’: can Labour fix Britain using modern supply-side economics?

Turning to a theory championed by the US Treasury secretary, Reeves aims to upskill the workforce while boosting productivity

The National (Scotland)

Only ‘frontline’ public sector jobs in Scotland to be filled due to UK cuts

THE Scottish Government has confirmed a freeze in public sector recruitment in all but "essential frontline" posts as the UK Government's…

The Guardian - UK

Does strong economic growth so far in 2024 bode well for Rachel Reeves? Don’t count on it

GDP growth juddered to a halt in June, backing theory the rebound is weak. The next six months could be tough

The Independent UK

Government urged to renew welfare fund amid fears councils unable to plug gap

The Household Support Fund is due to expire at the end of September.

International Business Times

UK Growth Slows Slightly In Second Quarter

Britain's economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday.

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