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The Latest Breaking News from Rachel Reeves

More than half of MSPs urge Chancellor to back major carbon capture project

Some 71 MSPs and 10 MPs from across the political spectrum warned Rachel Reeves that delaying Acorn will ‘jeopardise’ Scotland’s industrial sector.

Evening Standard

Starmer faces opposition from Labour MPs and employers over immigration shift

Some backbenchers already thought PM had moved too far right on issue but aides say aim is to make system ‘fairer’

The Guardian - UK

Staff layoffs in UK gain pace amid Trump tariff turmoil and labour cost increases

Surveys show employer confidence at record low, prompting job cuts and hiring freeze

The Guardian - UK

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

UK interest rate cut may not be enough to improve voters’ dim view of the government

Bank’s move appears to go against the theory that rate cuts will lead to rising inflation and higher wage demands

The Guardian - UK

Voices: Starmer is celebrating big wins on the global stage – but Labour must still beware the threat at home

COMMENT: In trade deals with India and the US, he has succeeded beyond the dreams of his Tory predecessors. But domestic flashpoints on welfare and immigration still loom for the PM, says John Rentoul

The Independent UK

Whitehall departments to be told to move more civil servants out of London or get less cash

Exclusive: Rachel Reeves’ spending review will be aimed at injecting hundreds of millions into growth areas with a shift of government jobs

The Independent UK

Starmer’s war on newts risks breaching Brexit deal, EU warns

The prime minister and chancellor have been accused of ‘scapegoating’ bats and newts

The Independent UK

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Japan-owned car battery maker secures £1bn to build second Sunderland gigafactory

Site likely to create 1,000-plus jobs as AESC wins £680m from UK government plus £320m in private finance and equity

The Guardian - UK

Rachel Reeves insists welfare system needs reform amid disquiet on benefit cuts

Some 42 backbenchers said the planned cuts were ‘impossible to support’ in a letter to Sir Keir Starmer.

The Independent UK

Friday briefing: A big, beautiful trade deal – or a mugging from the school bully?

In today’s newsletter: There’s comfort for the UK’s steel and auto industries but still tariffs to pay as the results of Starmer’s charm offensive on Trump are revealed

The Guardian - UK

Mood-boosting rate cut is a fillip for Reeves but leaves future uncertain

Split in Bank of England votes muddies waters as to direction of monetary policy in coming months

The Guardian - UK

UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war fallout

The Guardian - UK

Labour was warned of ‘real and present danger’ to oil and gas sector – Flynn

The SNP Westminster leader was speaking after Harbour Energy announced the loss of 250 jobs.

Evening Standard

Domestic economic woes will wreck Reeves’ budget plans, says thinktank

The forecast said low growth would place the Bank of England in difficult position ahead of next interest rate decision

The Guardian - UK

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The Independent UK

Chancellor on track to miss fiscal rules, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the Niesr think tank.

Evening Standard

Chancellor Rachel Reeves on track to miss fiscal rules by £63billion, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research

The Fashion Central

Loose Women’s Kaye Adams ‘Devastated’ After STUNNINGLY Being Axed from Role

Kaye Adams has opened up about a painful moment early in her career that left her completely gutted — being axed from what she thought was her big break on TV.

Evening Standard

Labour MPs urged to focus on future amid post-election discontent

Labour is facing a ‘battle for the very future and the heart and soul of our country’, Cabinet Office minister Pat McFadden said.

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The National (Scotland)

Rachel Reeves refuses to speak to Scottish newspapers during visit to Scotland

RACHEL Reeves visited Scotland on Wednesday – and refused to speak to any of the country’s newspapers ..

The Independent UK

UK-India trade deal will make ‘massive difference’ to Scotland, says Chancellor

The agreement will put ‘more money in people’s pockets’, Rachel Reeves said during a visit to a distillery in East Lothian.

The Independent UK

Reeves insists she understands voters’ concerns after Labour election setbacks

Chancellor Rachel Reeves defended her actions in office as pressure mounted on Labour to U-turn on the winter fuel payment cut.

The Fashion Central

Kwasi Kwarteng Claims Rachel Reeves is Not the Real Problem

The global economy is all over the place right now — the war in Ukraine is still grinding on, Trump’s threatening trade tariffs like it’s 2018 are all over again, and tensions with China aren’t letting up.

The Guardian - UK

Leftwing values will defeat the right. That’s what Keir Starmer can learn from Australia

Anthony Albanese’s Labor party rejected divisive far-right rhetoric and won with a message of fairness, equality and respect, says Marc Stears, the director of the UCL Policy Lab

The Guardian - UK

UK services sector shrinks for first time in 17 months amid Trump tariff fears

Smaller companies say costs of Rachel Reeves’s tax rises led to them lay off more workers in April

Evening Standard

Wes Streeting admits winter fuel payment cuts was factor in Labour election losses as he refuses to rule out rowback

But he said there was no ‘formal review’ under way in Government

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