23 h. ago Why Starmer finally came out to give his full backing to his tearful chancellor

After Rachel Reeves’ tears and a complete failure by the prime minister to appreciate the gravity of his situation in PMQs, Sir Keir Starmer had to intervene quickly prevent the markets being spooked further, says David Maddox

Politics

44 h. ago Starmer fails to guarantee chancellor’s future and does not rule out tax rises to fund welfare concessions – UK politics live

Kemi Badenoch tells PM the welfare bill is a ‘pointless waste of time’ after climbdown heads off Labour revoltWelfare bill climbdown will have ‘a cost’ at budget, says ministerOn Wednesday, Angela Rayner sought to reassure people who had been “scared” about the proposed benefits changes, reports the PA news agency.Speaking to ITV’s Lorraine, the deputy prime minister said:Anyone listening to your show today, they know that there will be no changes to their welfare.I want to make sure that people are reassured by that, because a lot of people have been scared about what’s going to happen. Continue reading...

Economics

44 h. ago Rachel Reeves 'close to tears in Parliament' as PM fails to back her

The Chancellor appeared visibily emotional on the Front Bench

Politics

3 w. ago Tax rises will come if economy shrinks further, IFS warns Rachel Reeves after Spending Review

The Spending Review delivered by Chancellor Rachel Reeves has had a mixed response.

Events

3 w. ago Rachel Reeves fails to rule out future tax rises as economy shrinks

However, the Chancellor repeated her promise that she would not need to increase taxes on the same scale as last year.

Economics

3 w. ago Rachel Reeves refuses to rule out Autumn Budget tax rises as economy shrinks 0.3% in April

Latest GDP estimate worse than the 0.1% fall expected by economists

Economics