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The Latest Breaking News from Rachel Reeves

Keir Starmer is right to gamble on an AI revolution, but it might not pay out in time

The cash to match the prime minister’s ambition will have to come from other budgets long before any benefits are seen, says Guardian columnist Rafael Behr

The Guardian - UK

What the papers say – January 15

A range of stories lead the papers on Wednesday.

Evening Standard

Ministers await inflation data as Reeves defends response to market turbulence

Chancellor Rachel Reeves is dealing with a period of turbulence in the UK financial markets.

Evening Standard

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Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

70 per cent of polled CFOs are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months

The Independent UK

Two thirds of retailers to hike prices because of Rachel Reeves’ budget, industry warns

The British Retail Consortium said 67 per cent of the finance bosses they asked said they would raise prices

The Independent UK

Two thirds of leading retailers warn Budget will force them to hike prices

The BRC poll of 52 chief financial officers found 70% are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months.

Evening Standard

The Guardian view on Rachel Reeves: turbulence caused by caution, cuts and criticism

Editorial: The chancellor isn’t going anywhere – but clinging to Treasury orthodoxy threatens Labour’s transformative growth agenda

The Guardian - UK

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Stride’s Hamlet gag saves Reeves from slings and arrows of economic fortune

Instead of evaluating chancellor’s performance, her shadow apes rightwing press and calls for her sacking

The Guardian - UK

Will Rachel Reeves really be sacked as Chancellor?

RACHEL Reeves’s voice stuttered and shook as she addressed the Commons on Tuesday afternoon.

The National (Scotland)

Rachel Reeves blames global volatility for borrowing rates rise amid Tory criticism

Chancellor tells Tory MP to ‘get real’ and that UK bond market changes are similar to those in other countries

The Guardian - UK

Reeves tells MP to ‘get real’ as she defends decisions during Commons grilling

The Chancellor was also criticised for her visit to China, with SNP MP Dave Doogan saying it was ‘beyond parody’.

Evening Standard

Rachel Reeves refuses to rule out emergency spending cuts amid economic crisis fears

Downing Street left door open to an emergency Budget in the spring following the rising cost of government borrowing

The Independent UK

'Don't panic,' Chancellor Rachel Reeves urged after Pound's fall and rise in cost of Government borrowing

The Chancellor earlier rejected calls to pull out of a trip to China to deal with economic woes in the UK

Evening Standard

Rachel Reeves refuses to rule out spending cuts amid economic turbulence

RACHEL Reeves has refused to rule out spending cuts – just a day after the Prime Minister declined to say whether Labour would take the axe to…

The National (Scotland)

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Evening Standard

Rachel Reeves faces questions over future in Hamlet-inspired Tory attack

The Chancellor insisted leadership is ‘not about ducking these challenges’ as she defended her handling of the economy.

Evening Standard

Rachel Reeves: From child chess champion to ‘iron’ Chancellor

She became Britain’s first female Chancellor in July against a daunting backdrop of a sluggish economy and competing demands for public spending.

The Independent UK

Reeves says market uncertainty shows need to kickstart economic growth

Chancellor Rachel Reeves faced MPs after turbulence in the markets sent government borrowing costs up and the value of the pound down.

The Independent UK

Watch: Rachel Reeves addresses controversial China trip amid market turmoil

Watch as Rachel Reeves answered questions in the House of Commons on Tuesday, 13 January, after returning from a trip to China criticised by political opponents for coinciding with a week of volatility for the pound and soaring yields on UK bonds.

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International Business Times

UK Finance Minister Under Pressure To Restore Market Confidence

Britain's finance minister Rachel Reeves is expected to address parliament Tuesday to try and regain the confidence of markets in the face of rising pressure over the country's struggling economy.

The National (Scotland)

Humiliation for Labour as Rachel Reeves gets Liz Truss 'lettuce' treatment

RACHEL Reeves’s fortunes have gone from bad to worse – with the Chancellor getting the potentially fatal lettuce treatment.

The National (Scotland)

Rachel Reeves faces grilling from MPs amid market turmoil

Rachel Reeves will move to reassure turbulent financial markets amid high Government borrowing costs as she faces a grilling from MPs on Tuesday.

The Independent UK

Reeves will be committing ‘political suicide’ if she orders spending cuts, warns John McDonnell

Ex-shadow chancellor calls for wealth tax to tackle economic crisis

Evening Standard

Council tax bombshell for thousands of poorest Londoners as town hall cash crisis escalates

Boroughs propose 5% hikes as London mayor Sir Sadiq Khan prepares to unveil latest bill for City Hall

The Guardian - UK

UK politics: Starmer says ‘door remains open’ for Tulip Siddiq following her resignation as Treasury minister – as it happened

PM appoints Emma Reynolds as her replacement as Siddiq steps down but implies she could return to government in future

The Independent UK

Starmer insists under-fire Reeves will be in job ‘many, many years’ and rules out emergency Budget: Live

Starmer and Badenoch clash over chancellor’s future in fiery PMQs

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People

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Organisations

The British Retail Consortium

38 stories

Pips

24 stories

the Joseph Rowntree Foundation

20 stories

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