29 h. ago ‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – UK politics live

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world eventsIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move from welfar...

Politics

31 h. ago Rachel Reeves 'certain' benefits cuts won't push people into hardship amid growing Labour unrest

The Chancellor was also forced to defend Treasury minister Darren Jones who compared the benefits cuts to taking pocket money away from his children

Politics

32 h. ago Reeves denies welfare cuts will increase poverty amid warning poorest set to be £500 a year worse off – UK politics live

The Resolution Foundation says the UK’s poorest will be £500 a year worse off by the end of the parliament due to the spring statementIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move ...

Events

33 h. ago Rachel Reeves defends benefit cuts and denies further tax rises likely in autumn – UK politics live

Chancellor confirmed welfare cuts of £4.8bn in spring statement, but insisted the priority was to restore stability to the public finances Nick Robinson is interviewing Rachel Reeves on the Today programme now.Q: You promised just one budget a year, but yesterday you had to announce drastic cuts. What’s gone wrong?We’re not at the moment at a position where we want to do anything to escalate these trade wars.Trade wars are no good for anyone. It will end up with higher prices for consumers, pushing up inflation after we’ve worked so hard to get a grip of inflation, and at the same time will make it harder for British companies to export. Continue reading...

Politics

51 h. ago This is the end of Rachel Reeves. Labour's already moving against her. She may not realise it yet, but she's finished: DAN HODGES

Rachel Reeves will be able to recall the precise moment her political career ended. The hands of the House of Commons clock stood at 1.06pm when she sat down after her Spring Statement.

Politics

51 h. ago 250,000 more people will face relative poverty after Rachel Reeves’ benefits cuts, DWP says – spring statement live

Department for work and pensions says thousands, including children, will be hit by chancellor’s reforms, as OBR forecasts UK growth to halve in 2025Spring statement 2025: key points at a glanceRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers...

Politics

51 h. ago Protesters rail against Labour welfare cuts set to push 250,000 more into poverty

Protesters gathered outside Downing Street to demonstrate against Labour’s cuts to welfare

Economics

52 h. ago Reeves announces welfare changes, increased defence spending and new growth forecasts – spring statement live

Chancellor OBR forecasts for UK growth halved in 2025 but up in the remaining years of this parliamentSpring statement 2025: key points at a glanceRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers was Carla Denyer, co-leader of the Green party...

Economics

53 h. ago Keir Starmer faces PMQs before Rachel Reeves delivers spring statement – UK politics live

Chancellor is expected to announce further welfare cuts when she outlines departmental spending plansRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers was Carla Denyer, co-leader of the Green party, which is in favour of a wealth tax.Across th...

Politics

56 h. ago Further welfare cuts expected as Rachel Reeves prepares to deliver spring statement – UK politics live

Keir Starmer will face Kemi Badenoch at PMQs before the chancellor delivers her spring statement John Healey, the defence secretary, has been doing an interview round this morning because overnight the Treasury briefed journalists that Rachel Reeves will announce an extra £2.2bn in defence spending from April in the spring statement. (Presumably that was the story the Treasury press office were hoping would be leading the news bulletins this morning, not the new benefit cuts).In its news release, the Treasury said:The chancellor will announce a further £2.2bn funding increase for defence from April, as she warns that Britain has to “move quickly in a changing world”.The funding will be invested in advanced technologies so that Britain’s armed forces have the tools they need to compete and win in modern warfare. This includes guaranteeing the investment to fit Royal Navy ships with Directed Energy Weapons by 2027. These weapons can hit a £1 coin from 1km away and take down drones at ...

Politics

59 h. ago Spring Statement 2025 latest: Rachel Reeves to cut benefits as Labour slashes public spending

The Chancellor will deliver the Spring Statement to the Commons around 12.30pm on Wednesday - shortly after PMQs - to update on the state of the nation's finances

Politics

66 h. ago Further benefits cuts planned as Rachel Reeves forced to find extra £1.6bn

Chancellor risks wrath of Labour backbenchers with spring statement set to confirm deeper cutsRachel Reeves will make additional welfare cuts in her spring statement on Wednesday after the Office for Budget Responsibility rejected her estimate of savings from the changes announced last week.The chancellor hoped to shift the focus from the benefits cuts, which appalled some Labour backbenchers, to promising to “secure Britain’s future” with a £2.2bn increase to defence spending. Continue reading...

Economics

3 d. ago Benefits reform and jobs cuts: The political headaches for Labour in Reeves’ spring statement

Labour chancellor set to squeeze Whitehall budgets by up to 7 per cent

Politics

3 d. ago BoE heaps woe on Rachel Reeves with bleak warning over UK growth prospects as she tries to appease Labour MPs with affordable housing plan ahead of '£15bn' cuts in brutal Spring Statement

Chancellor Rachel Reeves is bracing to wield the axe on spending at the fiscal event tomorrow - with £15billion of cuts expected as she desperately tries to balance the books.

Events

4 d. ago Rachel Reeves denies Labour is pursuing austerity ahead of spring statement

It comes after a backlash to cuts to welfare spending and a decision to slash the aid budget to fund a boost to defence spending.

Politics

7 d. ago When is the Spring Statement – and what will be in it? From taxes to spending cuts

There have also been several big policy announcements in the run-up to the event, most recently welfare changes to achieve £5 billion in spending cuts by 2029/30

Economics

8 d. ago UK politics live: Labour rejects claims it’s returning to austerity ‘ahead of Reeves’ Spring Statement cuts’

It comes amid an ongoing battle with inflation and uncertainty partly caused by the threat of tariffs by Donald Trump

Politics

9 d. ago Where else will the axe fall as the economy stalls? Rachel Reeves 'must still slash £10bn from spending' in Spring Statement next week despite Labour uproar at crackdown on benefits

Rachel Reeves' Spring Statement next Wednesday had originally been billed as a low-key update, after she vowed only to hold one Budget a year.

Economics

3 w. ago Starmer highlights UK’s war record in implicit rebuke to Vance as Lib Dems mock Badenoch for defending him – UK politics live

Interventions follow US vice president’s comments about ‘20,000 troops from some random country that has not fought a war in 40 years’In response to a question about intelligence cooperation with the US, Sir David Manning, a former ambassador to Washington, said he thought this would become “more difficult” because there was a problem of trust. He explained:If you have some of Trump’s appointees in these key jobs who have very strange track records, and have said very strange things about Nato allies, the Nato alliance and so on, and you have people in the administration who seem to be, let’s say, looking for ways of appeasing Russia, then you have a problem on the intelligence front, because these are not the values that we have. Continue reading...

Politics

3 w. ago Starmer highlights UK’s war record in implicit rebuke to Vance as Badenoch says she does not approve of ‘Twitter pile

Interventions follow US vice president’s comments about ‘20,000 troops from some random country that has not fought a war in 40 years’In response to a question about intelligence cooperation with the US, Sir David Manning, a former ambassador to Washington, said he thought this would become “more difficult” because there was a problem of trust. He explained:If you have some of Trump’s appointees in these key jobs who have very strange track records, and have said very strange things about Nato allies, the Nato alliance and so on, and you have people in the administration who seem to be, let’s say, looking for ways of appeasing Russia, then you have a problem on the intelligence front, because these are not the values that we have. Continue reading...

Events