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The Latest Breaking News from Rachel Reeves

Subsidy for mortgage holders not right approach to crisis, says Labour

Shadow chancellor Rachel Reeves said her plans would instead see banks forced to help homeowners struggling with payments.

The Independent UK

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

The Independent UK

Sadiq Khan warns London faces ‘a wave of repossessions’ unless government intervenes

Mr Khan called for ‘flexibility’ in mortgage deals

Evening Standard

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Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’

Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers

The Guardian - UK

Labour would force banks to help struggling borrowers to diffuse ‘mortgage bomb’

Chancellor Jeremy Hunt was accused by his Labour shadow Rachel Reeves of ‘standing by’ as millions struggle.

The Independent UK

Our five simple changes will ease mortgage pain for millions, Labour says

Rachel Reeves made five pledges, including requiring lenders to let borrowers switch to interest-only payments temporarily, or lengthen the term of their loan

Daily Mirror

Tories face ‘blue wall’ wipeout from mortgage time bomb

Backlash from mortgage holders could see one in three Tories ousted, as Rishi Sunak urged to act

The Independent UK

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Tory MPs split on whether to intervene to help mortgage holders

Figures released on Wednesday expected to confirm UK stuck with highest inflation rate in G7

The Guardian - UK

Tories fear Partygate will loom over by-elections – despite Sunak’s claim Boris row over

Johnson’s toxic legacy will feature on opposition leaflets, warns elections expert, as honours controversy and police probe rumble on

The Independent UK

Martin Lewis says mortgage timebomb has 'exploded' and says Tories were warned

Moneysavingexpert.com founder Martin Lewis said he warned Jeremy Hunt about the threat from rising mortgage rates at a summit in December

Daily Mirror

Families hit by 'Tory mortgage penalty' as rates soar - see how your area is affected

Shadow Chancellor Rachel Reeves said households across the country are paying the price for the government 'trashing the economy' as she highlighted how families have been hit by crippling mortgage hikes

Daily Mirror

Keir Starmer fumes Tory 'green crap' attitude costs families extra £1,400 a year

Speaking in Edinburgh, the Labour leader doubled down on his vow to block new oil and gas drilling in the North Sea - but said he wouldn't repeat the mistakes of the Thatcher government

Daily Mirror

Nicola Sturgeon: ‘I’ve done nothing wrong’

Scotland’s ex-first minister returns home after arrest as poll suggests Labour on course to defeat SNP

The Guardian - UK

Sarwar: I want Scotland and the UK to lead the world in green revolution

The Scottish Labour leader said that Great British Energy, a publicly owned clean energy company, would help realise that ambition.

The Independent UK

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The Guardian - UK

As mortgage rates surge, the Tories are losing their reputation for economic competence

The party is tearing itself to pieces as terrified borrowers face a new age of insecurity

The Guardian - UK

Labour must counter the Tory bonanza of uncosted policies. But not at the expense of childcare

By rowing back on commitments to free provision for children and the green new deal, the party is losing at the Tories’ toxic game, says Guardian columnist Zoe Williams

The Guardian - UK

Labour rules out universal childcare for young children in fiscal credibility drive

Party insiders say extra help for poorer families in England still on table as shadow ministers review policy options

The Guardian - UK

UK short-term borrowing costs surge above Truss-era highs; US inflation falls to 4% – as it happened

UK interest rates expected to hit 5.5% by December after regular pay grows by a record, sending two-year bond yields soaring

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The Guardian - UK

How Labour could keep its £28bn-a-year green promise

Letters: Colin Hines, David Nowell and Mike Sheaff on the party’s retreat from its climate investment pledge

Evening Standard

OPINION - Labour’s toughest test is: what does the Left do when there’s no money?

There is a formula to winning general elections. If your leader outperforms his or her principal rival and your party leads on the economy, you are going to win. There is no example, since records began, of a party which led on those two measures and then went on to…

The Guardian - UK

Urge to soothe markets may blunt Labour’s edge on Tories

Scaling back of green prosperity plan reflects a possibly costly desire to project fiscal stability

The Guardian - UK

The Tories are broken. Labour can be candid about Brexit

Keir Starmer and Rachel Reeves are cautious about spending plans. Rejoining the EU would create the prosperity to fund them

The Guardian - UK

Labour says ‘Tory mortgage penalty’ costs homeowners extra £7,000 a year

Opposition finds fallout of Liz Truss mini-budget has raised average mortgage interest payments by £150 a week in two years

The Guardian - UK

Keir Starmer will have to break a few eggs if he’s to achieve a green economy

The £28bn delay caps weeks of turmoil over Labour’s green ambitions, but if he’s serious about them, the leader will need to get used to it

Evening Standard

OPINION - Labour slams brakes on £28bn green prosperity plan

Lynton Crosby, the Australian political strategist who has run multiple general election campaigns for the Conservatives, is a font of striking sayings. From the ‘dead cat strategy’ (see Michael Fallon) to the idea you ‘can’t fatten a pig on market day’. But right now, it’s all about another of his…

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