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The Latest Breaking News from Rachel Reeves

Thursday briefing: What it will take for Britain to break up with natural gas

In today’s newsletter: The economic fortunes of the UK are intertwined with the price of the costly fuel – so why are we so slow to ditch it?

The Guardian - UK

IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA

The Guardian - UK

Ukraine-Russia war latest: Zelensky calls Putin a ‘global threat’ after Moscow’s deadliest aerial attack this year

Russian forces pound Ukraine with 700 drones and missiles in ‘horrendous attack’

The Independent UK

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read the most diverse news in one place.

Chancellor cuts bills for thousands more firms as she continues Washington talks

Rachel Reeves has stepped up criticism of US-Israeli military action in Iran.

Evening Standard

Rachel Reeves slashes bills for thousands of businesses as Iran war sparks rising costs

Rachel Reeves has recently stepped up criticism of US-Israeli military action in Iran

The Independent UK

Reeves gives more energy bill support to businesses as Iran war pushes up costs

Scheme cutting bills by up to 25% expanded to cover 10,000 firms, but they will not be paid until next year

The Guardian - UK

Chancellor to cut electricity bills for thousands more UK firms

Rachel Reeves announced the action to support firms after warning over the lingering impact of the Iran war.

Evening Standard

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Boosting military spending by slashing welfare is not the answer, senior Labour figures warn Reeves

MPs and peers say pitting defence and welfare against each other risks losing public support for increased spending on the military

The Guardian - UK

Trump warns US-UK trade deal ‘can always be changed’ with relations in ‘sad state’

President says he gave Britain ‘better deal than I had to’ but ally was ‘not there when we needed them’ on Iran

The Guardian - UK

Reeves tells Americans Trump’s Iran war is a ‘mistake’

UK chancellor steps up criticism, telling Washington event she is unconvinced conflict has made world a safer place

The Guardian - UK

Reeves steps up criticism of Trump’s war against Iran during trip to Washington

Chancellor Rachel Reeves said she was not convinced the world is safer as a result of the US-Israeli strikes against Iran.

Evening Standard

Reeves: Trump’s Iran war is a mistake and has not made the world safer

The chancellor’s comments come a day after she described the war as a ‘folly’

The Independent UK

Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil.

Evening Standard

Starmer rejects accusation Labour is ‘complacent’ on defence funding

PM responds to warnings by former Nato chief George Robertson by saying defence spending is increasing rapidly

The Guardian - UK

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The Independent UK

UK to send £752m and 120,000 drones to Ukraine to bolster defences against Russia

Drones now account for the majority of battlefield casualties

The Independent UK

UK to send biggest-ever drone shipment to Ukraine in blow for Putin

Britain is set to announce millions in additional support for Ukraine, with Chancellor Rachel Reeves confirming a £752 million payment. This payment, part of a larger £3.36 billion loan, is designated for military equipment such as long-range missiles, air defence systems and drones. Defence Secretary John Healey will unveil the…

International Business Times UK

Rachel Reeves Blasts Donald Trump's Iran War as Keir Starmer Prepares Crisis Address to the Nation

Rachel Reeves has branded Donald Trump's Iran war a 'folly' without an exit plan, blaming it for squeezing UK households as oil prices surge and growth forecasts are cut.

Evening Standard

Donald Trump says he's reopening Strait of Hormuz 'permanently' as Britain slams his war as a folly

Iran has blocked attempts by the US president to prize open the key strait in the Gulf

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The Independent UK

Rachel Reeves ‘not sorry’ for crying in PMQs – but will stay in her office next time

‘I’m not going to apologise for crying... But I think next time I feel like doing that, I’ll stay in the office,’ the chancellor said

The Independent UK

How Rachel Reeves has responded to warning that Britain’s security is in ‘peril’

IN FULL

The Independent UK

Reeves digs heels in over defence boost despite fears UK security is ‘in peril’

The armed forces are thought to be facing a financial black hole of around £28bn over the next four years

The Guardian - UK

How a £2m bitcoin order made Nigel Farage the political face of UK crypto

Promotion of ‘bitcoin treasury’ firm with Kwasi Kwarteng draws new attention to Reform leader’s relations with industry

The Independent UK

Chancellor meeting with US counterpart after strong criticism of Iran war

IN FULL

The Guardian - UK

IMF calls for countries to economise on energy supplies, and hails UK’s budget deficit improvement – as it happened

Rolling coverage of the latest economic and financial news, as IMF managing director Kristalina Georgieva gives a press conference in Washington DC

The Independent UK

Ukraine-Russia war latest: Child among 13 killed as Putin’s forces attack Kyiv and other cities overnight

Major attack comes just hours after Putin's forces hit Ukraine with more than 380 drones and missiles

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