The Latest Breaking News from Rachel Reeves

Chancellor set to abandon income tax hike plan amid fears move could anger voters

Sir Keir Starmer has faced calls to sack his top adviser, Morgan McSweeney.

Exclusive: Supporters say grants largely going to middle-class households, but experts warn move will slow transition from gas boilers

Labour chancellor under fire ahead of crunch Budget as new figures show GDP growth has slowed

The UK budget is usually a story of growth forecasts, borrowing levels and fiscal discipline. But ahead of this month’s high-stakes event, growth has been slower than expected. At the same time, as households struggle with living costs, the climate crisis intensifies and inequality persists, growth might seem like too…

The Scottish Labour leader said the situation had ‘not been helpful’.

Former NatWest boss Sir Howard Davies accused the Government of making it harder for businesses with its ‘behaviour’ and policies

The label once used to describe the UK’s industrial decline in the 1970s is echoing anew as fresh data show the economy slipping into reverse. A 0.1% contraction in September and weak quarterly growth have revived doubts about Britain’s economic vitality amid global trade headwinds.

The Chancellor appears to have in her sights on so-called ‘Mamils’ - middle-aged men in Lycra