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The Latest Breaking News from Rachel Reeves

Keir Starmer expected to award 25 new Labour peerages

Exclusive: Former union bosses and Labour staffers on list as prime minister aims to balance chamber

The Guardian - UK

After the Hong Kong inferno: inside the 5 December Guardian Weekly

Power, corruption and negligence. Plus: The rise of extremist Buddhism

The Guardian - UK

Labour MPs rebel against Rachel Reeves increasing taxes on family farms

Rachel Reeves has proposed an increase in inheritance taxes on family farms, which has been met with dissent across the agricultural community

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Spoilt for choice, Conspiracy Kemi grabs wrong end of every stick

After the budget there should have been easy wins for Badenoch at PMQs but the Tory leader just can’t help herself

The Guardian - UK

Energy firms told to pass on £150 discount to customers on fixed tariffs

Energy Secretary Ed Miliband has written to energy firms calling on them to ensure everyone benefits.

Evening Standard

Energy giants told to pass on £150 discount to customers

Chancellor Rachel Reeves confirmed her intention to lower energy costs and alleviate the cost of living,

The Independent UK

Badenoch: Reeves could be prosecuted for market abuse over claims before Budget

The Chancellor has faced accusations she misled voters by overstating the scale of the fiscal challenge, but has denied doing so.

Evening Standard

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Reeves accused of forcing OBR chief to quit after watchdog revealed truth about Budget black hole

Tory leader Kemi Badenoch led the accusation about Richard Hughes, the former chair of the Office for Budget Responsibility

The Independent UK

Watch in full: Starmer faces Budget grilling at PMQs

Watch as Sir Keir Starmer faces a grilling over the Budget at Prime Minister's Questions on Wednesday (3 December).

The Independent UK

Chancellor Rachel Reeves accused of overstating chess championship win

Ms Reeves has used her love of the board game to promote herself as a strategic and competitive Chancellor

Evening Standard

Fear of facing the future has British politics stuck in the past

Keir Starmer and Rachel Reeves claim to be dealing with the world as it is, but seem to yearn for a world that has disappeared, says the Guardian columnist Rafael Behr

The Guardian - UK

Keir Starmer to face PMQs amid continued Budget questions

The OECD has warned tax hikes and reduced spending will act as a ‘headwind’ to the UK economy over the next two years.

Evening Standard

Government urged to review farming inheritance tax plans after Commons vote

Backbenchers argued the measure failed to tackle "abuse by the celebrities and the billionaires" who buy farmland to avoid paying a full inheritance tax bill

The Independent UK

Why the £18 million for playgrounds in the budget is so important – and how it should be spent

Chancellor Rachel Reeves’ recent budget included an investment of £18 million to be spent, over two years, on up to 200 playgrounds across England.

The Conversation

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The Guardian - UK

Won’t somebody please think of England’s poor £2m homeowners? Oh, wait – everyone already is

Contrast the furious reaction to Rachel Reeves’s ‘mansion tax’ to the response offered to those living with real housing injustice: indifference, says Guardian columnist Jonathan Liew

The Guardian - UK

OBR chief’s exit may ease pressure on Rachel Reeves but the battle isn’t over

With the row deepening over budget leaks, who is most likely to replace Richard Hughes in the increasingly thankless role of chair?

Evening Standard

Wetherspoons bids to open new pub next to busy central London train station

The pub chain wants to run the bar on the Strand until midnight on Fridays and Saturdays

The Independent UK

DWP chief paves the way for more benefit cuts as Starmer warned over spending

The OBR projects that Labour has added £11bn on to public spending – largely to pay for welfare reversals

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The Guardian - UK

Reeves and Starmer are a two-for-one deal – if she goes, he goes. What a cheering thought

It’s week two of budget black-hole gate. When will it all end? Probably after the May elections, says Guardian columnist Marina Hyde

The Independent UK

Labour warned of fresh economic hit as Brexit accelerates high-skilled ‘brain drain’ from UK

‘None’ of the Labour chancellor’s measures will ‘have a material effect’ on growth, Richard Hughes, the chair of the OBR, has said

The Independent UK

Labour now less trusted on the economy than Liz Truss, damning new poll finds

Asked who they would trust with the economy, 10 per cent of people said Labour – fewer than those who said they would trust Liz Truss

The Guardian - UK

OBR complained to Treasury before budget about leaks spreading ‘misconceptions’

Official tells MPs there was lots of information appearing in the press that ‘wasn’t particularly helpful’

The Independent UK

OBR confronted Treasury about ‘unhelpful’ policy leaks before Reeves’ Budget

The economy watchdog forced to deny being ‘at war’ with Treasury after row over state of Britain’s public finances

Evening Standard

UK growth facing headwinds from tax hikes and spending cuts – OECD

The OECD said growth will slow to 1.2% next year, before edging up to 1.3% in 2027, with ‘substantial’ downside risks from fiscal tightening.

Evening Standard

Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

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