8 h. ago Will Rachel Reeves bend her fiscal rules to help balance the books?

IMF has warned there are ‘significant risks’ associated with delivering the UK chancellor’s economic strategy

Politics

14 h. ago Economic recovery 'under way' in Britain and set to speed up, says IMF in boost to Chancellor Rachel Reeves

The Washington-based think tank nudged up its growth forecast for the UK this year from 1.1% in April to 1.2%

Economics

15 h. ago IMF warns Rachel Reeves could have to hike taxes again to balance the books amid Cabinet war over spending

Chancellor Rachel Reeves has welcomed the IMF's latest assessment nudging up the growth forecast for UK plc from 1.1 per cent to 1.2 per cent this year.

Economics

15 h. ago Economic recovery 'underway' in Britain and set to speed up, says IMF in boost to Chancellor Rachel Reeves

The Washington-based think tank nudged up its growth forecast for the UK this year from 1.1% in April to 1.2%

Economics

15 h. ago Rachel Reeves should refine fiscal rules to avoid emergency spending cuts, IMF says

The organisation, which has been assessing the UK economy, upgrades its growth forecast this year to 1.2%Rachel Reeves should refine her fiscal rules to prevent the need for emergency spending cuts, the International Monetary Fund has suggested in its annual review of the UK economy, as it upgraded its forecasts for UK growth this year.Adding to the clamour from backbench Labour MPs incensed by the government’s proposed welfare cuts, the Washington-based organisation said the chancellor should examine ways to avoid having to make short-term savings when there is a downturn in economic forecasts. Continue reading...

Politics

16 h. ago Rachel Reeves 'faces having to hike income tax, NICs or VAT this Autumn' to fill gaping hole in public finances as Cabinet war over spending cuts rages

Rachel Reeves faces having to fill a gap of between £10billion and £30billion in the public finances, with growth slowing and Trump's tariffs hitting global trade.

Economics

29 h. ago Rachel Reeves under pressure to find money to ease welfare squeeze

The Chancellor will set out her spending review next month, allocating funding to departments for the coming years, with £113 billion of capital projects to transform the country's housing and infrastructure

Economics

34 h. ago Rachel Reeves should invest extra money in economic growth, not spend it on U

Exclusive: Call from former Treasury minister Jim O’Neill will pile pressure on chancellor and PM amid demands for hat-trick of U-turns on winter fuel allowance, two-child benefit cap and disability payments

Economics

35 h. ago Rachel Reeves should invest extra money in economic growth, not U

Exclusive: Call from former Treasury adviser Lord O’Neill will pile pressure on chancellor and PM amid demands for hat-trick of U-turns on winter fuel allowance, two-child benefit cap and disability payments

Economics

41 h. ago Labour pressure to ease welfare squeeze adds to Reeves’ headaches

The Chancellor faces demands to reverse the winter fuel payment cut, axe the two-child benefit limit and limit the scope of welfare reforms.

Events

50 h. ago Angela Rayner denies leaking memo that ripped into Chancellor Rachel Reeves' controversial budget cuts

It emerged last week that the Deputy Prime Minister sent a secret memo to Rachel Reeves proposing eight tax hikes on savers and higher earners.

Politics

59 h. ago UK child poverty taskforce set to recommend return of Sure Start scheme

Despite praise for Sure Start from some in the Labour party, there are also concerns that resuming the service would be difficult and costlyThe government-backed child poverty taskforce is likely to recommend the return of the early years service Sure Start, the Guardian understands, though there are doubts in government about whether it could be funded.Senior ministers including Rachel Reeves, Liz Kendall and Bridget Phillipson have praised the service in the past, citing it as one of the crowning achievements of the last Labour government. Continue reading...

Politics

63 h. ago Angela Rayner refuses to guarantee more pensioners will receive fuel payments this winter

Deputy PM Angela Rayner said she hoped Chancellor Rachel Reeves will provide more details on the winter fuel payments in just a few weeks at the spending review in June

Economics

64 h. ago JEFF PRESTRIDGE: Rachel Reeves' Isa guessing game is proof that Labour despises middle

My mailbag has been swamped with letters from angry readers urging the Chancellor to back-track on Isa changes.

Politics

64 h. ago Angela Rayner says she ‘never’ wants to be Prime Minister or Labour leader

The Deputy Prime Minister was asked to rule herself out from the top job after a memo she sent to Rachel Reeves suggesting tax rises was leaked.

Politics

64 h. ago Winter fuel reversal details could come in weeks, suggests Rayner

The Deputy Prime Minister indicated an announcement could be made in the Spending Review on June 11.

Politics

3 d. ago Chancellor Rachel Reeves' prestige in tatters as she prepares to ditch her strict 'fiscal rules' designed to safeguard Labour's economic credibility

In an attempt to avoid a Liz Truss-style market meltdown, the Chancellor promised at the outset of the Labour Government that public finances would be in balance or surplus by 2030.

Economics

3 d. ago The end of Rachel Reeves: Furious Labour insiders tell me there's 'blood in the water', she's about to hike taxes AGAIN and reveal her pathetic new tactic: DAN HODGES

They were the words that destroyed John Major's premiership and government, consigned the Tory Party to decades in the political wilderness and changed the course of British history.

Economics

4 d. ago RACHEL REEVES: 'I will fight every day to put more money in working people’s pockets'

In an article for The Mirror, Chancellor Rachel Reeves says she recognises the 'cost of living crisis is still weighing down on families' - but promises to fight for working people

Economics

4 d. ago One third of people back restoring winter fuel payments to all pensioners – poll

The Prime Minister said this week that he wanted to look at widening eligibility for the payments worth up to £300.

Economics