The Latest Breaking News from Rachel Reeves

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

Shadow chancellor’s No 10-style press conference given extra credence by decision to drop £28bn green pledge, Labour sources say

Labour aiming to win two byelections as chancellor defends Sunak’s record, saying ‘economy is turning a corner’

It is one thing to U-turn on a modest green transition programme. It is another to do so using mendacious Tory economic paradigms, says the economist Yanis Varoufakis

Rachel Reeves has ruled out a wealth tax, but she’ll need to raise revenue somehow – and there are still good options available, says Guardian columnist Polly Toynbee

Letters: Keir Starmer and Rachel Reeves cannot promise to spend £28bn they don’t yet have, writes former party leader Neil Kinnock, while others argue that funding a green future is not a matter of ambition but necessity

Letters: Susan Treagus thinks Labour’s top team should ask the former chancellor for policy help, Shelagh Young says destitute families deserve more, and Les Bonney advocates reading the poem Timothy Winters

Keir Starmer will now be appealing to voters on the basis it can run the status quo better than the Tories

This sorry saga is not encouraging if it is a precedent for how Labour will handle the hard choices that it will face in government

Abandoning its £28bn green plan betrays a lack of self-belief that has long bedevilled the party, says Guardian columnist Andy Beckett

Once upon a time, it was possible to be all things to all people. Back in 1993, when Sir Tony Blair was invited to contribute his favourite recipe to the Islington Cookbook, he selected fettuccine with olive oil, sun-dried tomatoes and capers. By the time he entered Downing Street, his…