The Latest Breaking News from Rachel Reeves

Above inflation deal could lead to government having to find an extra £10bn in total across the public sector

Extra money can only come from higher borrowing, higher taxes or cuts in spending, says expert

Treasury says it has received worst postwar inheritance as figures reveal £14.5bn deficit in June

On the Aylesbury estate in London this week, I met residents who recall the impact Blair had. This government will go even further, says Guardian columnist Polly Toynbee

The scale of the challenge facing Britain’s new Chancellor Rachel Reeves was laid bare today after a flurry of fresh data betrayed an economy stuck in reverse gear and a Treasury saddled with ballooning deficits.

The new Labour government has fully laid out its plans for the UK in its first king’s speech to parliament. There were 40 new bills in the speech, aimed at setting a clear agenda focused on growing the economy and improving living standards for working people. And yet there were…

As President of the Board of Trade in the 1990s, Michael Heseltine famously declared his intention to intervene "before breakfast, lunch, tea and dinner" to support British business. And this is not a bad description of today's King's Speech, the first under a Labour government for 14 years (technically, the first…

Both had warned against ditching £28bn green spending pledge and urged scrapping of two-child benefit cap

There is to be action but not a tax-and-spend splurge – just patient changes that will take time to pay off

Tracy Blackwell, boss of the Pension Insurance Corporation, has worked her way from up Baskin-Robbins and survived a shipwreck disaster (for her possessions), to lead a company set to work closely with the new chancellor

Environment experts call for bold action as party attempts to revamp creaking infrastructure to hit net zero