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The Latest Breaking News from Rachel Reeves

Labour Government has no mandate for austerity, Kate Forbes says

KATE Forbes has warned the Labour Government that it does not have a mandate for austerity ...

The National (Scotland)

Bridget Phillipson dodges question on impact of private school tax raid

As parents and schools complain of chaos, Ms Phillipson refuses to spell out details of the assessment made by the department for education

The Independent UK

Slower UK inflation relieves pressure on Rachel Reeves as financial markets calm

The cost of Government borrowing eased on Wednesday morning in a tentative sign of relief among traders after more heightened economic concerns.

Evening Standard

From analysis to the latest developments in health,
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PMQs LIVE: Keir Starmer and Kemi Badenoch clash after Tulip Siddiq's resignation and inflation fall

PM faces questions over Tulip Siddiq’s resignation as Treasury minister

Evening Standard

Treasury minister signals cutbacks in some public spending to pour more funds into dash for growth

Cabinet ministers will have to meet face-to-face to come up with departmental savings to fund the Government’s priorities

Evening Standard

Labour MPs call Rachel Reeves 'the temp' and compare her to Liz Truss

RACHEL Reeves is being compared to Liz Truss and called a “temp” by her own Labour colleagues ...

The National (Scotland)

Dip in UK inflation offers respite for Reeves and paves way for interest rate cut

Unexpected fall last month will help ease Treasury and Bank of England fears after bond market sell-off

The Guardian - UK

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UK Inflation Dips, Easing Some Pressure On Government

Britain's annual inflation rate unexpectedly fell to 2.5 percent last month, official data showed Wednesday, easing some pressure on the Labour government faced with economic unrest.

International Business Times

Surprise inflation dip provides ‘respite’ for Chancellor amid market turmoil

Chancellor of the Exchequer Rachel Reeves said she will ‘fight every day’ to improve people’s living standards.

Evening Standard

Inflation remains above Bank of England target as Rachel Reeves fights for job

UK inflation unexpectedly fell by 0.1 per cent last month as a dip in hotel prices helped offset a jump in the cost of fuel, new official figures…

The National (Scotland)

Fall in UK inflation to 2.5% paves way for Bank of England rate cut

After week of turbulence in markets, ONS data sends bond yields falling and eases pressure on chancellor

The Guardian - UK

Inflation unexpectedly falls to 2.5% in boost for Reeves’s plans

In November, the Consumer Prices Index (CPI) came in at 2.6 per cent, where petrol, train travel, and live entertainment pushed up prices

The Independent UK

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

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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.

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

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

Evening Standard

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.

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The Guardian - UK

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

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 National (Scotland)

Will Rachel Reeves really be sacked as Chancellor?

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

The Guardian - UK

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

Evening Standard

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’.

The Independent UK

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

Evening Standard

'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

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