The Latest Breaking News from Rachel Reeves

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

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

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

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…

The argument that markets will react badly to borrowing doesn’t wash, says the former shadow chancellor John McDonnell

Labour has watered down plans to spend £28bn a year on green investment after internal tensions over Labour’s flagship economic policy.

THE SNP leader has said the latest Labour U-turn will have “real and damaging consequences” for Scotland's green energy growth.

Former prime minister to be suspended for 10 days and will not stand again in Uxbridge and South Ruislip

Shadow Chancellor Rachel Reeves said the party would 'ramp up' investment in green projects over time but said the economic carnage inflicted on Britain by Liz Truss had narrowed Labour's options