5 h. ago Rachel Reeves says she cannot rule out autumn tax rises after ‘damaging’ week

Exclusive: Chancellor says she never considered resigning and warns ‘there are costs’ to welfare bill U-turnRachel Reeves has said it is impossible for her to rule out tax rises in the autumn budget and insisted she never thought about quitting despite a turbulent week for her and the government.In an interview with the Guardian, the chancellor said “there are costs” to the watering down of the welfare bill and acknowledged it had been a “damaging” week for Downing Street. Continue reading...

Politics

35 h. ago Rachel Reeves says she was having a 'tough day' when her tears sunk markets... and insists she is still 'totally' up for being Chancellor

Chancellor Rachel Reeves insisted she was dealing with a 'personal issue' but refused to give details as she spoke about the extraordinary scenes in the Commons for the first time.

Politics

36 h. ago Rachel Reeves refuses to explain reason for her tears in House of Commons

The Chancellor said she had been "upset" but added she was "not going to go into the details of that."

Politics

56 h. ago Politics latest: Starmer refuses to back his tearful chancellor Rachel Reeves in extraordinary PMQs

Chancellor’s spokesperson says Reeves was crying over a ‘personal matter’ as Starmer’s press secretary insists she has PM’s ‘full backing’

Politics

57 h. ago Rachel Reeves appears emotional at PMQs after Starmer refuses to guarantee she will stay on

Rachel Reeves appeared emotional during Prime Ministers Questions on Wednesday (2 July), with Kemi Badenoch saying she looks "absolutely miserable”.

Politics

57 h. ago Pound tumbles and bond markets sent into turmoil after Rachel Reeves's Commons tears

UK ten-year borrowing costs surged close to 4.7 per cent as Sir Keir Starmer refused to offer Rachel Reeves his backing as she sat beside him at Prime Minister's questions.

Politics

58 h. ago Watch: Rachel Reeves appears to cry at PMQs after Starmer refuses to guarantee she will stay on

Watch as Rachel Reeves appears to cry during Prime Ministers Questions on Wednesday (2 July), with Kemi Badenoch saying she looks "absolutely miserable”.

Politics

59 h. ago Rachel Reeves in TEARS as Starmer refuses to guarantee she will stay in her job in astonishing  PMQs after PM's benefits humiliation

Chancellor Rachel Reeves was sitting next to Keir Starmer as he insisted the smoking ruin of his benefits reforms would still make things better.

Politics

59 h. ago PMQs latest: Rachel Reeves cries in Commons after Starmer refuses to guarantee she will stay on as chancellor

Chancellor’s spokesperson says Reeves was crying over a ‘personal matter’ as Starmer’s press secretary confirms she has PM’s ‘full backing’

Politics

59 h. ago Rachel Reeves in tears at PMQs as Keir Starmer refuses to confirm she'll remain Chancellor after benefits cuts chaos

Downing Street later insisted that Ms Reeves ‘is going nowhere’ and has Sir Keir’s ‘full backing’

Events

59 h. ago Rachel Reeves in tears in Parliament as Sir Keir Starmer refuses to guarantee her job

Rachel Reeves appeared to be in tears in the House of Commons

Politics

59 h. ago Rachel Reeves in tears sat behind PM Keir Starmer as he refuses guarantee her job

Rachel Reeves looked 'absolutely miserable' and exhausted during an intense PMQ session as PM Keir Starmer swerved questions from Kemi Badenoch about her keeping her job as Chancellor after

Politics

60 h. ago Chancellor Rachel Reeves in tears as Keir Starmer refuses to back her during PMQs

The Chancellor was visibly upset in the chamber as the Prime Minister answered questions.

Politics

60 h. ago Rachel Reeves WEEPS as Starmer refuses to guarantee she will stay in her job during brutal PMQs

Chancellor Rachel Reeves was sitting next to Keir Starmer as he insisted the smoking ruing of his benefits reforms would still make things better.

Politics

3 w. ago UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – business live

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record closeFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, t...

Economics

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 Largest ever plunge in UK exports to US as Trump tariffs hurt growth; dollar hits three

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumpedFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, to allow still troubling earnings growth ...

Politics

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

3 w. ago Why is sorry the hardest word? Keir Starmer joins Rachel Reeves in refusing to apologise for Labour's winter fuel chaos

The Prime Minister insisted it was 'the right decision' to originally axe the handouts, worth up to £300 a household, for around 10 million retirees last winter.

Events