42 m. 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

55 m. ago Economy shrinks by more than expected amid record fall in exports to the US

Exports to America fell at the fastest pace on record, down £2 billion in April, according to the ONS.

Politics

96 m. ago Rachel Reeves' spending splurge plans are ALREADY in chaos after GDP fell 0.3% in April

GDP was down 0.3 per cent in April, worse than analysts had expected, and raising more questions about the realism of the Chancellor's splurge on services.

Events

1 hour ago Blow for Rachel Reeves after UK economy shrinks by more than expected

The UK economy contracted by 0.3% in April, according to the Office for National Statistics.

Politics

2 h. ago The two neighbourhoods in Greater Manchester first in line for a £20m boost

Rachel Reeves said the funding will be used to improve parks, youth facilities, swimming pools and libraries and support councils

Economics

3 h. ago Acorn project funding uncertainty as 'final decision' still to be made by Chancellor Rachel Reeves

Concerns have emerged over how much funding the Chancellor will hand over for the Acorn project.

Politics

3 h. ago Rachel Reeves seized her moment – whatever the future brings, Labour’s economic course is now set | Martin Kettle

The chancellor is no mere technocrat: her spending review revealed a visceral commitment to social and economic mobilityThe consensus has long been that the 2025 spending review would be a defining moment for Keir Starmer’s government. For once, the consensus proved spot-on. The government’s main priorities were set out on Wednesday in a blizzard of Commons announcements from Rachel Reeves, some economically substantive, others more for show. The upshot is that the shape of the British state, as Labour intends it, is now decided until the eve of the next election.There are further crossroads still to come, some of them major, as the years covered by the review unroll. Taxes are likely to rise, probably as soon as the autumn budget, to pay for Reeves’s big ticket boosts on Wednesday for defence, health and housing. Council tax could rise too, with possibly dramatic results. The review’s emphasis on capital spending means current spending could be squeezed again, perhaps heralding pay...

Economics

4 h. ago Treasury gains £500mn to pay off UK debt from Barings banker’s 1927 fund

Windfall in form of ‘patriotic gift’ comes as Chancellor Rachel Reeves strives to balance the books

Economics

7 h. ago ANDREW NEIL: Starmer's claim to be 'investing in Britain's renewal' is delusional drivel in a class of its own

'Our first job was to stabilise the economy and public finances,' Keir Starmer tweeted yesterday morning, a few hours before Rachel Reeves delivered Labour's spending plans.

Politics

8 h. ago Migrant hotels to close... by 2029! Rachel Reeves vows to end use of 'costly' scheme

The Chancellor pledged that migrants would be moved out of hotel accommodation by the time of the next general election , due in 2029.

Events

9 h. ago A reckless splurge we (and our children) will be paying off for years: Voters brace for tax hikes as Rachel Reeves embarks on unprecedented spending spree

In a return to Labour's tax-and-spend approach, the Chancellor set out plans to 'invest' a staggering £4 trillion to fund 'the renewal of Britain'.

Economics

10 h. ago NHS to receive £6bn to provide millions more tests and procedures, Reeves confirms

Rachel Reeves has pledged a £6bn investment aimed at accelerating tests and treatments within the NHS, following substantial year-on-year budget increases for the health service.

Economics

10 h. ago Rachel Reeves pumps cash into NHS with 4million more tests and procedures to cut waits

The NHS and defence were big winners from the Chancellor's Spending Review as Rachel Reeves set out the Government's spending plans for the rest of the decade

Economics

11 h. ago The six claims from Rachel Reeves that would never pass the test on a lie detector: ALEX BRUMMER

Rachel Reeves 's spending review was one of the most disingenuous statements I can remember in my long career as a financial journalist.

Politics

11 h. ago Spending review in five charts: Where Rachel Reeves cuts and pay boosts will land

Departmental spending will increase by 2.3 per cent each year, with some areas seeing real-terms losses, writes Alicja Hagopian

Economics

12 h. ago Rachel Reeves warned tax rises are 'inevitable' as billions pledged for NHS and housing

Chancellor Rachel Reeves has pledged to put billions into the NHA and housing in hopes of "renewing Britain” but critics have said it was “almost inevitable” that their will be further tax rises

Events

12 h. ago These unanswered questions could be Rachel Reeves’s downfall

Analysis: Chancellor accused of unveiling a spending review which is ‘full off numbers, few of them useful’

Politics

12 h. ago Rachel Reeves has given the Starmer administration a new narrative: Investment, growth and expansion

Editorial: Alongside the Brexit reset, new trade deals and planning reforms, the chancellor’s spending review should result in a stronger economy with a better long-term growth rate. But it will take time

Politics

12 h. ago There may be trouble ahead, but Labour should stick to the plan for national renewal

Editorial: With the Brexit reset, new trade deals and planning reforms, the chancellor’s spending review could result in a stronger economy with a better long-term growth rate. But it will take time

Events

12 h. ago This was the final proof the Chancellor has no inkling of the mess this country is in: STEPHEN GLOVER

No one will remember Rachel Reeves 's speech yesterday or her fantasy spending review for long, possibly including the Chancellor herself.

Politics