The Latest Breaking News from Rachel Reeves

SPECIAL REPORT: This week’s dramatic winter fuel U-turn has not been enough to stop speculation about the future of Starmer as leader, as political editor David Maddox found out

COMMENT: The deputy prime minister is serious about her ambition but, like Brown, she will have to wait, says John Rentoul

The Prime Minister said this week that he wanted to look at widening eligibility for the payments worth up to £300.

Overall retail sales volumes increased by 1.2% in April, says the ONS

Whoever leaked deputy PM’s memo to the Telegraph, some believe it will have helped her leadership chances

Editorial: Labour’s pivot to welfare cuts and targeting of rightwing voters has backfired. If the party leadership won’t adapt, the public will move on

The U-turn is a long and, depending on your point of view, honourable or dishonourable tradition in British politics. Now Keir Starmer has been accused of following this tradition after heavily hinting the UK government is reconsidering last year’s decision to deny the winter fuel allowance to millions of pensioners.

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.

COMMENT: The markets now expect only one more cut over the next year – and lenders are likely to react by raising their prices, writes James Moore