53 m. ago UK politics live: Rachel Reeves breaks cover after crying in Commons during PMQs

Starmer cheered Reeves on her way to the podium to speak about the NHS 10-year-plan

Politics

2 h. ago PM shoulders blame for welfare fiasco and says No 10 ‘didn’t get process right’

Keir Starmer says Downing Street should have engaged more with Labour MPs and repeats support for Rachel ReevesUK politics live – latest updatesKeir Starmer has admitted No 10 “didn’t get the process right” in handling the government’s controversial welfare bill and says he shoulders the blame.Looking to repair some of the damage done by Labour’s 11th hour climbdown on the central plank of its welfare changes, Starmer said the government would reflect on its mistakes. Continue reading...

Politics

3 h. ago Business news live: Pound and bonds recovering after Reeves backed by Starmer, Microsoft cut 4% of staff

Stock markets updates and business news from Thursday

Politics

3 h. ago Keir Starmer LIVE: PM to give major speech after Rachel Reeves seen crying

Keir Starmer has admitted that the last few days have been tough after he was forced to tear up welfare reforms and Chancellor Rachel Reeves was seen crying in the Commons at PMQs

Politics

4 h. ago Business news live: Bonds yield concern remains after Reeves backed by Starmer, Microsoft cut 4% of staff

Stock markets updates and business news from Thursday

Politics

5 h. ago Business news live: Bonds latest after yields rise and Microsoft cut 4% of workforce in AI push

Stock markets updates and business news from Thursday

Economics

21 h. ago Rachel Reeves had 'altercation' before entering Commons as Downing Street responds to teary appearance at PMQs: Live updates

LIVE UPDATES: Follow MailOnline's live coverage as Chancellor Rachel Reeves made a visibly upset appearance in Parliament during Prime Minister's Questions.

Politics

22 h. ago Reeves has Starmer’s full backing, says No 10 after chancellor’s tears in Commons

Downing Street says there will be no reshuffle, after Kemi Badenoch claims Labour MPs regard Reeves as ‘toast’UK politics live – latest updatesDowning Street has insisted Rachel Reeves will stay in post and has not offered her resignation, after the chancellor was in tears at prime minister’s questions on Wednesday.Reeves wiped away a tear after a series of questions from the Tory leader, Kemi Badenoch, who said Labour MPs had said she was “toast”. Badenoch suggested Keir Starmer had failed to confirm Reeves would stay in post until the election. Continue reading...

Politics

22 h. ago Rachel Reeves will stay as chancellor, says No 10 after her tears in Commons

Reeves appears upset in parliament, but has PM’s ‘full backing’, as her spokesperson says it is a personal matterUK politics live – latest updatesDowning Street has insisted Rachel Reeves will stay in post and has not offered her resignation, after the chancellor was in tears at prime minister’s questions on Wednesday.Reeves wiped away a tear after a series of questions from the Tory leader, Kemi Badenoch, who said Labour MPs had said she was “toast”. Badenoch suggested Keir Starmer had failed to confirm Reeves would stay in post until the election. Continue reading...

Politics

6 d. ago Keir Starmer admits government has ‘asked a lot’ of business, and defends employment rights bill – business live

PM tells BCC conference businesses have made a ‘huge difference’, following the tax rises in the last budgetFull story: Shell has ‘no intention’ of making offer to buy BP after £60bn takeover rumoursStarmer then tells the BCC conference that the spending review earlier this month is a “clear shift” towards investing in the future of the UK, not simply tackling the promises it inherited.Starmer says his administration have “wiped the slate clean”, stabilized the economy, and can now move onto building a fairer Britain, with change and renewal.‘I fully acknowledge that this year, as we’ve had to fix the foundations of our country, [and] deal with the unprecedented mess that we inherited, we’ve asked a lot of you.I understand that, and I want to acknowledge that.They are all vital for the long-term growth of our country. But none of that would have been possible without your contribution. Continue reading...

Politics

2 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

2 w. ago Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – UK politics live

Institute for Fiscal Studies says figures for projected departmental efficiencies savings from Treasury are not credibleReeves gambles on ‘renewing Britain’ to win voters’ trustRachel Reeves is now on ITV’s Good Morning Britain. Susannah Reid and Richard Madeley are interviewing her.Q: You must be disappointed about the growth figures? Continue reading...

Politics

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 Government Spending Review 2025: Economy shrinks as NHS spending surges and struggling councils miss out

From a surprise economic slump and warnings of a “National Health State”, to council funding concerns, a 74 per cent house price surge, and rising Tesco sales - here are today’s top UK business stories.

Politics

3 w. 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

3 w. 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

3 w. ago The Guardian view on Labour’s spending review: the chancellor tightened belts and loosened seams | Editorial

The government offers capital investment and fiscal prudence but real-terms department cuts and grand promises could strain political credibilityBrexit’s ghost haunts a Labour spending review intended to lay the foundations for a second term. Its headlines echo the twin themes of the referendum campaign: control immigration, fund the NHS. The chancellor, Rachel Reeves, said she would end the use of hotels for asylum seekers “in this parliament” saving £1bn a year, while NHS spending will rise by 3% a year. Ms Reeves framed it as a politics of security and compassion. Yet it reads as Brexit’s populist promises, filtered through Westminster orthodoxy.The risk is that this is all slogan and very little solution. The asylum savings are speculative, and the annual increase in NHS budgets is below its historical average. There are also real-terms cuts or essentially flat budgets for key departments such as transport, education and local government. The Home Office faces cuts deeper than a...

Politics

3 w. ago Labour promised people we would rebuild Britain – and that’s what we’re doing | Keir Starmer

This week’s spending review marks a new stage in the mission of national renewal, built on the foundations laid last yearKeir Starmer is the prime minister of the United KingdomThe mandate we received from the British people could not have been clearer. First, we had to stop the chaos and return Britain to economic stability. Second, we had to turn the page on Tory decline with clear Labour choices. Third, we were instructed to rebuild our country.Wednesday’s spending review turbocharged that rebuilding. It is an investment in Britain’s renewal, so working people have more money in their pocket, more pride in their community and more hope for their children’s future. It’s what people voted for. An NHS cutting waiting lists, with care closer to the community. Wealth and opportunity no longer hoarded by only a few towns and cities. Continue reading...

Politics

3 w. ago Treasury minister dismisses claims spending review will lead to autumn tax rises – UK politics live

Darren Jones says such claims are ‘incoherent’ and the government is allocating money that has already been raisedSpending review: key points at a glanceGreen party MPs and activists joined a protest outside parliament today saying the government should use the spending review to announce a wealth tax. In a post on social media, Adrian Ramsay, the party’s co-leader, said:We expect the chancellor to take another axe to public spending today: decline by design from a govt that refuses to tax wealth to properly fund our overstretched public services & support the most vulnerable. We need to invest in a secure & fairer future. #TaxExtremeWealth Continue reading...

Politics

3 w. ago Reeves pledges funds for northern rail but London left short | Spending review 2025

Reeves pledges funds for northern rail but London left short | Spending review 2025  The Guardian

Economics