11 hours ago Rachel Reeves presses the flesh with China's communist leaders while Britain's economy 'faces 1970s

The Chancellor posed with Chinese finance minister Lan Fo'an in Beijing as she began her controversial trip to the Asian giant.

Politics

16 hours ago Leicester City's Thai billionaire owners launch £2.15BILLION compensation claim against Italian helicopter builders who built chopper that crashed, killing family's patriarch Vichai in 2018

Leicester City 's owners have taken an Italian helicopter manufacturer to court in a multi-billion pound lawsuit following the crash that killed the club's patriarch Vichai in 2018.

Events

14 hours ago There are no adults in the room: there’s barely a room. This is politics at warp speed, and we know who’s benefiting | Marina Hyde

Fiscal crisis, corruption claims, shenanigans and legal threats. This feels like the week old-style politics sat on a grenade The worst-timed foreign visit by a politician this week was LA mayor Karen Bass deciding to attend the inauguration of the president of Ghana. The second worst might be Rachel Reeves’s decision to push ahead with her China bridge-building trip against a backdrop of market turmoil, soaring UK borrowing costs and the inevitability of rising food prices. But look, maybe have no fear. The chancellor has apparently told all her cabinet colleagues to “cease anti-growth measures” – amazing – and also to come up with specific plans to boost economic activity. I am already picturing her opening the bits of paper from the hat. “Right, I’ve got 20 for ‘build an effing time machine’ and one that just says ‘Pass’. Sorry, Lammy – this isn’t Celebrity Mastermind.”As for auto-satirical lowlights further down the ministerial ladder, do keep your eye on anti-corruption ministe...

Politics

6 hours ago Britain's Treasury chief is heading to China to revive suspended economic and financial talks

Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.‘s Labour government seeks to reset frayed ties with Beijing

Economics

19 hours ago FTSE 100 Live 10 January: Sainsbury’s update fails to ease retail jitters, sterling steady

Warnings of higher mortgage costs have added to pressure on Chancellor Rachel Reeves after a turbulent week for UK financial markets.

Events

17 hours ago UK politics latest: Majority of Labour voters oppose Starmer on grooming gangs inquiry, poll finds

Greater Manchester mayor Andy Burnham has also suggested he favours a ‘limited national inquiry’

Politics

6 hours ago Reeves defiant over China trip in face of growing criticism and economic turmoil

Labour chancellor accused of ‘undesirable’ policies and ‘incompatible promises’

Economics

20 hours ago Tax rise warning after Pound's fall and borrowing costs soar as Rachel Reeves criticised for China trip

Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hike taxes or impose some ‘very severe reductions and squeezes’ on public services

Events

20 hours ago UK politics latest: Reeves criticised for China trip amid fall in pound as Reform MPs cash in on Musk’s X

Chancellor accused of being ‘missing in action’ as she visits Beijing in bid to boost UK’s economic ties

Politics

6 hours ago Rachel Reeves jets to China for trade talks as economic woes mount at home

Chancellor Rachel Reeves flew to Beijing to bang the drum bang the drum for trade and rebuild ties after years of frosty relations but economic turmoil risked overshadowing the trip

Economics

21 hours ago Rachel Reeves under pressure to balance the books as UK's borrowing hits 2008 levels

The UK's borrowing costs have hit their highest level since the 2008 financial crisis, putting further pressure on Chancellor Rachel Reeves to balance the books

Events

20 hours ago Cabinet minister defends Rachel Reeves trip to China during economic crisis

The value of the pound fell to its lowest level in over a year while UK borrowing costs jumped to their highest since the financial crisis

Politics

13 hours ago New mortgage rate blow to Britons as Labour's economy is hammered again: Rachel Reeves defies jibes she has 'lost the plot' to head for China

The yield on 10-year gilts rose further to 4.85 per cent this morning, while for 30-year the level was up to 5.41 per cent. And the problems gathered pace at lunchtime.

Economics

21 hours ago 'She's lost the plot': Cabinet alarm over Labour's market chaos with Rachel Reeves warned she is in 'make

Chancellor Rachel Reeves is en route to Beijing despite demands to cancel the trip and deal with mounting pressure on the UK's fiscal position.

Events

20 hours ago FTSE 100 Live 10 January: Sainsbury’s shares fall after update, sterling below $1.23

Warnings of higher mortgage costs have added to pressure on Chancellor Rachel Reeves after a turbulent week for UK financial markets.

Politics

15 hours ago How Rachel Reeves' debt 'nightmare' has chilling echoes of 1976 when Britain was the 'sick man of Europe' with an economy in crisis that forced it to go 'cap in hand' for £2.3bn bailout

Such is the extent of Britain's current economic troubles, Chancellor Rachel Reeves ' plight has been compared to that of her 1970s predecessor Denis Healey.

Economics

28 hours ago DAILY MAIL COMMENT: Rachel Reeves's China jaunt is dereliction of duty

As he sipped gin and tonic in Heathrow's VIP lounge, Denis Healey was told the pound was collapsing and that he must return at once to the Treasury.

Politics

23 hours ago Rachel Reeves heads to China as pressure mounts as market turmoil derails government’s economic strategy

The Chancellor has been criticised for continuing with a planned visit to China amid rising yields on government bonds

Economics

23 hours ago Rachel Reeves 'to make severe spending cuts' as UK borrowing costs soar

An announcement is expected that could see 5% cuts increased

Economics

28 hours ago ANDREW NEIL: The economy's reeling from the disastrous Budget. Taxes or cuts are coming... and the big financial players I've talked to now all say it could spell the end of Labour

In the run-up to the General Election , Rachel Reeves boasted repeatedly of her qualifications for being Chancellor, even liberally embellishing her CV to bolster her credentials.

Economics

29 hours ago Rachel Reeves' £25bn National Insurance raid could force more than HALF of British businesses to raise prices, damning poll reveals

The figures provide the latest evidence of how firms are scrambling to respond to the tax hike and as the boss of Marks & Spencer said it would be a challenge.

Economics