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The Latest Breaking News from Rachel Reeves

Bank of England drops diversity rules for City firms as US rolls back DEI

The Bank’s enforcement arm, the Prudential Regulatory Authority, revealed the decision on Tuesday in the wake of major US firms scrapping diversity goals

The Independent UK

Welsh Secretary asked if she would resign over benefit cuts

Jo Stevens was questioned whether she will vote against any welfare cuts, as she did against similar proposals in 2015, and resign from the cabinet.

Evening Standard

Fact check: Labour’s council tax promise applied to 2023-2024

If they had been in power Labour said at the time they would have frozen council tax in the tax year ending in the spring of 2024.

Evening Standard

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The government’s climate plans are still ambitious and on-track, so why is Labour making so much anti-green noise?

With apparent support for airport expansion and fossil fuel exploration, it may look as if the party’s leaders are abandoning climate pledges, but it’s just pantomime, says writer Richard Power Sayeed

The Guardian - UK

Keir Starmer Panics as Labour Revolt Forces Last-Minute Delay on Benefits Cuts Vote

Keir Starmer’s plan to overhaul Britain’s welfare system has hit a major roadblock, as fears of a Labour rebellion forced him to delay the announcement.

The Fashion Central

Fury as Defra closes key nature-friendly farming scheme to new applicants

The abrupt move is described as ‘another shattering blow’ to the sector, which is already at loggerheads with Government.

Evening Standard

The UK’s gamble on solar geoengineering is like using aspirin for cancer

Injecting pollutants into the atmosphere to reflect the sun would be extremely dangerous, but the UK is funding field trials

The Guardian - US

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Starmer, Reeves and Rayner host International Women’s Day event at No 10

Guests included Olympic athlete Dame Kelly Holmes and actor Anna Maxwell-Martin, alongside faith leaders, musicians, lawyers and others.

Evening Standard

Payment systems watchdog to be axed under move to cut ‘stranglehold’ on firms

The Payment Systems Regulator will be disbanded and merged within the Financial Conduct Authority.

Evening Standard

Fact check: FTSE 100 had its best day in five months in January

The index has not seen its best day in decades at any point during Rachel Reeves’ time as Chancellor.

Evening Standard

Starmer denounces benefits system as ‘unsustainable, indefensible and unfair’ in move to slash welfare bill

Keir Starmer has signalled a surprising shift to the right for Labour in attacking the welfare system

The Independent UK

Benefits crackdown 'doomed to fail', warns senior Blair-era Labour figure

PLANS to crackdown on disability benefits including PIP and Universal Credit are doomed to fail, a senior Blair-era party figure has warned

The National (Scotland)

Starmer tells Labour MPs ‘we cannot shrug shoulders’ over welfare

The Prime Minister said he was ‘not afraid to take the big decisions’ to ‘fix what is broken’.

Evening Standard

What welfare cuts could Labour announce today? From PIP to Universal Credit

Estimates of Labour cuts continue to rise as MPs grapple with ministers

The Independent UK

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Evening Standard

Chancellor urged to safeguard disability benefits from welfare reform cuts

A number of charities have written to Rachel Reeves arguing that hundreds of thousands of disabled households could be pushed into poverty otherwise.

The Independent UK

Chancellor urged not to make PIP cuts that could plunge 700,000 households into poverty

Leading charities have issued the Chancellor a stark warning

The National (Scotland)

Silent Anas Sarwar urged to speak out against Labour welfare cut plans

Scottish Labour leader Anas Sarwar has been urged to take a stand against the £6 billion worth of social security cuts that are reportedly being…

Evening Standard

Government will ‘stretch every sinew’ to get young people into work – minister

Environment Secretary Steve Reed said one in eight young people of working age were not in employment or educational training.

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The National (Scotland)

Labour's National Insurance rise set to prompt mass lay-offs, survey finds

HUNDREDS of thousands of businesses are planning to lay off workers due to the hike to employers' National Insurance contributions (NICs), surveys…

The Independent UK

Starmer braces for rebellion over welfare cuts as Labour accused of ‘pushing disabled people into poverty’

Labour backbencher warns of ‘deep, deep concern’ from colleagues over planned cuts

The National (Scotland)

Business leaders urge Rachel Reeves to back Scotland's Acorn project

Business leaders in the north east have joined forces to urge the UK Government to back a major carbon capture and storage project and treat it as…

Evening Standard

Business leaders urge Chancellor to back carbon capture project

They said Scotland cannot afford further delays on the Acorn Carbon Capture and Storage (CCS) project.

Evening Standard

Labour MP warns against ‘draconian cuts’ ahead of expected welfare reforms

Reforms to the welfare system are expected ahead of the Spring Statement at the end of this month.

The Guardian - UK

Firms hold back on hiring amid ‘significant cost rises’, surveys say

KPMG/REC report shows decline in people being placed in roles continues, while unemployment is rising, says BDO

The Guardian - UK

‘Military Keynesianism’? Reeves faces British defence dilemma after EU spending surge

Even Berlin and Brussels are bending fiscal rules in the face of Russia’s threat. Will the chancellor still stick to hers?

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