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The Latest Breaking News from Rachel Reeves

In Pictures: Rain-soaked Rishi and wide-eyed Wes in year’s best political images

The PA news agency’s photographers provided unrivalled coverage of the world of politics this year as these first rate images show.

Evening Standard

Starmer: 2025 a chance to rediscover the great nation that we are

The Prime Minister has delivered his first new year’s message since entering Downing Street.

Evening Standard

Pupils will ‘pay price’ for new tax on private school fees, Tories warn Reeves

The long-standing VAT exemption for private schools ends on New Year’s Day.

Evening Standard

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The Guardian view on City deregulation: it would be a dangerous step backward

Editorial: Relaxing financial rules risks undermining stability, ignoring post-crash lessons and prioritising short-term gains over the long-term health of the economy

The Guardian - UK

Starmer under pressure to deliver in 2025 as Labour tested by local elections

The Prime Minister ran on a platform of economic growth during the general election and has said he wants people to feel better off.

The Independent UK

Finance bosses ‘optimistic’ about Labour plans to cut red tape, survey finds

Polling by KPMG found more than half of the finance industry plans to ramp up hiring in early 2025.

Evening Standard

People have been saving more, thanks to pay growth and cooling inflation, but they need to feel the benefits

While Labour’s critics are circling, pay growth is resilient and inflation is cooling

The Guardian - UK

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With a new year ahead there’s no better time for Keir Starmer to start playing good cop

The prime minister should resolve in 2025 to enthuse about his vision, and leave moaning about the Tories and fiscal hardship to his chancellor

The Guardian - UK

Murdoch, Musk, water firms … Here are the ‘winners’ in another torrid year for business

As 2025 dawns, we look back at the star players over the last 12 months of economic drama, mishap and scandal

The Guardian - UK

The Observer view on the UK economy: don’t despair, signs of growth are emerging

There are hazards ahead, but Rachel Reeves’s big calls in the budget have left the country better placed than the dominant narrative suggests

The Guardian - UK

Voices: Rachel Reeves is relying on a risky strategy – that may well backfire

COMMENT: The chancellor’s approach can hardly be considered prudent – especially when it depends so heavily on economic growth, writes John Rentoul

The Independent UK

Starmer throws down gauntlet to watchdogs to cut red tape and help kickstart economy

Critics accused the prime minister of chasing a ‘regulatory race to the bottom’ and urged him to pursue closer ties with Europe instead

The Independent UK

Trump versus trade: the global economic outlook for 2025 in five charts

Unpredictable change will sweep through America, while old problems, from war to inflation, are likely to afflict other countries

The Guardian - UK

2024: The year in review

The year has not been short of dramatic events and developments, and here the PA news agency provides a month by month look back on 2024.

The Independent UK

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The Guardian - UK

Nearly two-thirds of working private renters in England struggle to pay rent

Exclusive: Shelter poll shows housing crisis is causing hardship even for those with jobs

The Guardian - UK

Living standards 2025 outlook ‘hardly cause for celebration’, says UK thinktank

Household incomes to stagnate or fall but will be offset by better public services, says Resolution Foundation

The Independent UK

Rachel Reeves spending review ‘set to be next big challenge’ for government as growth flatlines

Rachel Reeves has ordered a line-by-line review of spending, with departments ordered to find savings of 5 per cent of their budgets

The Independent UK

Reeves faces spending wrangles and a search for growth in 2025

Rachel Reeves faces an unenviable situation as the new year begins.

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The Independent UK

Hundreds of theatres and museums face closure as crisis in sectors laid bare

Alarm in sector as four in 10 of Britain’s theatres as well as many regional museums containing local and national archives are on the brink of closure

The Independent UK

Farmers to target rural Labour MPs in new wave of tractor tax protests

Critics of the move in Rachel Reeves’s budget in October have announced a national day of action organised by the National Farmers’ Union

The Independent UK

Voices: Are you worried about Britain’s economy in 2025? Join The Independent Debate

THE INDEPENDENT DEBATE: As we head into a new year, businesses are raising concerns about the UK’s economy and whether the government’s approach will bring stability or cause further challenges. Now we want your views...

The Guardian - UK

Is Labour to blame for slowing UK economy? It’s more complex than that

Tories point finger at Rachel Reeves’s budget but economy has been misfiring for best part of a decade

The National (Scotland)

'Broke Brexit Britain': Scotland reacts as UK economic growth hits a wall

JOHN Swinney has insisted Labour will only make the economy worse with a hike to employers’ National Insurance contributions after revised figures…

The Independent UK

British economy flatlines in 3rd quarter in another blow to new Labour government

The British economy flatlined in the third quarter of the year, according to downwardly revised official figures in another blow to the new Labour government that has made growth its number one mission

The Independent UK

Rachel Reeves describes ‘challenge’ of fixing economy as ‘huge’

The Office for National Statistics said on Monday that UK gross domestic product (GDP) showed no growth between July and September.

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