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The Latest Breaking News from Rachel Reeves

What new laws can we expect to be featured in the King’s speech?

The speech has taken on heightened significance with Starmer on the ropes

The Independent UK

Chancellor pulls out of City of London event as Starmer under pressure

Rachel Reeves had been due to take part in a chat at the City’s global risks summit at around 11am.

Evening Standard

Rachel Reeves pulls out of event hours after Starmer rejects calls to resign

The Chancellor was seen arriving in Downing Street by car and walking into Number 11 early on Tuesday

The Independent UK

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Will Starmer resign? Timeline of PM’s tumultuous time at No 10 since landslide 2024 election

A timeline of Sir Keir Starmer’s embattled time in Downing Street since July 2024

The Independent UK

UK borrowing costs rise as Starmer speech fails to dispel investor ‘jitters’

Bond yields creep higher on concerns about potential for political instability and rising inflation

The Guardian - UK

Thinktank calls for ‘double lock’ England private rent cap to ease living costs

Influential IPPR proposes capping rents at whichever is lower of consumer price inflation or wage growth

The Guardian - UK

TV star Jeremy Vine reveals penny-farthing bike crash uncovered heart issue

The BBC Radio 2 presenter and host of the eponymous Jeremy Vine show on Channel 5 turned 60 last year

The Independent UK

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Four in five Britons worried Iran war will make food more expensive, poll finds

Shoppers concerned about effect of Middle East conflict, as UK retailers say government running out of time to cut costs

The Guardian - UK

Bulletin PM briefing: New Middle East missile attack and Starmer ‘facing coup’

Iran launches missile and drone attack on UAE for second day as war escalates. Labour MPs plotting Blair-style coup of Starmer after local elections – report. Met Police launch fresh probe after rapist nurse convicted. Rachel Reeves ‘clashes’ with US treasury secretary over Iran war. Brit needing ‘urgent’ care after…

The Independent UK

Rachel Reeves ‘clashed’ with US treasury secretary over Iran war

IN FULL

The Independent UK

Rachel Reeves and Scott Bessent ‘argued’ in Washington after chancellor’s Iran war criticism

Ms Reeves reportedly hit back that she did not work for the US treasury secretary

The Independent UK

No 10 does not deny Chancellor rowed with US counterpart in Washington meetings

Rachel Reeves had a fierce confrontation with Scott Bessent when she visited the US capital for the IMF’s spring meetings, according to reports.

Evening Standard

Rachel Reeves and Scott Bessent argued in person about Iran war, sources say

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in April

The Guardian - UK

New threat to Labour spending plans as UK long-term borrowing costs hit highest level since 1998

Inflation fears fuelled by Iran war and renewed uncertainty over Starmer’s leadership prompt bond sell-off

The Guardian - UK

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The Guardian - UK

UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge

The Guardian - UK

‘There is a good deal of fear’: what would a Labour leadership challenge mean for bond markets?

Rayner and Burnham are trying to gain markets’ confidence amid concerns they could loosen fiscal rules if they replace Starmer

Evening Standard

Which political parties really mean business when it comes to the City?

With the local elections looming, Labour and the Tories are trying to rebuild their boardroom relationships — but could Reform get the CEO vote instead? By Chris Blackhurst

The Guardian - UK

Starmer adviser held 16 undisclosed meetings with top US tech bosses

Exclusive: Varun Chandra’s talks with Google, Meta, Apple and others raise fears of ‘lobbying behind closed doors’

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The Independent UK

Tom Kerridge: I don’t know why anyone would open a pub or restaurant any more

Many pubs, restaurants and hotel companies will see their costs increase significantly this month. Alex Ross spoke to celebrity chef Tom Kerridge and others in the business as fears grows over the future for the industry, and what it provides

The Guardian - UK

Bank of England warns ‘higher inflation unavoidable’ after holding interest rates

Governor says decision to keep rates at 3.75% reasonable given unpredictability of events unfolding in Middle East

Evening Standard

William Hill owner confirms 270 shops closing as losses widen on tax hit

Evoke last week said it was in talks over a potential £225.3 million takeover by Greek lottery and gaming firm Bally’s Intralot.

The Independent UK

William Hill owner to close 270 shops despite takeover talks

Evoke last week said it was in talks over a potential £225.3 million takeover by Greek lottery and gaming firm Bally’s Intralot.

The Guardian - UK

Senior UK ministers deride Rachel Reeves’s reported plan of year-long rent freeze

Housing secretary and housing minister latest to criticise idea, which has also been ruled out by No 10

The Guardian - UK

Rachel Reeves’s plan to mandate how pension funds invest was always a mistake

You can understand the motivation – more UK investment by UK funds means faster UK growth – but fiduciary duty trumps all

The Independent UK

Are Rachel Reeves’s days as chancellor numbered?

NEWS ANALYSIS: Political editor David Maddox looks at what it means for Reeves after Starmer failed to guarantee the future of his chancellor once again

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