36 h. ago Sky to axe 2,000 customer service centre jobs in major restructure

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Economics

37 h. ago ‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – UK politics live

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world eventsIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move from welfar...

Politics

40 h. ago Reeves denies welfare cuts will increase poverty amid warning poorest set to be £500 a year worse off – UK politics live

The Resolution Foundation says the UK’s poorest will be £500 a year worse off by the end of the parliament due to the spring statementIn an interview with ITV’s Good Morning Britain, Rachel Reeves, the chancellor, said she would not accept free tickets for concerts again in the future.Asked about the controversy about her decision to accept two corporate tickets for a Sabrina Carpenter concert at the O2, she repeated the line that she used at her press conference yesterday – that a family member wanted to attend the concert (presumably one of her children, but she did not say that), and that she accepted tickets for a corporate box because security concerns meant it was not deemed safe for her to get normal tickets for the auditorium.I’m just saying I wouldn’t do it again. I felt I was doing the right thing. But I do understand perceptions.I am absolutely certain that our reforms, instead of pushing people into poverty, are going to get people into work.And we know that if you move ...

Events

41 h. ago Rachel Reeves defends benefit cuts and denies further tax rises likely in autumn – UK politics live

Chancellor confirmed welfare cuts of £4.8bn in spring statement, but insisted the priority was to restore stability to the public finances Nick Robinson is interviewing Rachel Reeves on the Today programme now.Q: You promised just one budget a year, but yesterday you had to announce drastic cuts. What’s gone wrong?We’re not at the moment at a position where we want to do anything to escalate these trade wars.Trade wars are no good for anyone. It will end up with higher prices for consumers, pushing up inflation after we’ve worked so hard to get a grip of inflation, and at the same time will make it harder for British companies to export. Continue reading...

Politics

59 h. ago 250,000 more people will face relative poverty after Rachel Reeves’ benefits cuts, DWP says – spring statement live

Department for work and pensions says thousands, including children, will be hit by chancellor’s reforms, as OBR forecasts UK growth to halve in 2025Spring statement 2025: key points at a glanceRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers...

Politics

60 h. ago Reeves announces welfare changes, increased defence spending and new growth forecasts – spring statement live

Chancellor OBR forecasts for UK growth halved in 2025 but up in the remaining years of this parliamentSpring statement 2025: key points at a glanceRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers was Carla Denyer, co-leader of the Green party...

Economics

60 h. ago Civil service faces £2bn cuts with '50,000 jobs to go' as Rachel Reeves fights to balance books... but it will STILL be bigger than before Brexit vote

Chancellor Rachel Reeves is telling departments to cut their admin budgets - such as for HR, policy advice and office management - by 15 per cent.

Economics

61 h. ago Spring statement live: Rachel Reeves poised to reveal more welfare cuts to plug budget black hole

Starmer faces Badenoch at PMQs ahead of Reeves delivering spring statement to MPs

Economics

61 h. ago Keir Starmer faces PMQs before Rachel Reeves delivers spring statement – UK politics live

Chancellor is expected to announce further welfare cuts when she outlines departmental spending plansRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers was Carla Denyer, co-leader of the Green party, which is in favour of a wealth tax.Across th...

Politics

61 h. ago Watch live: Keir Starmer faces PMQs ahead of Rachel Reeves’ spring statement with further cuts

Watch live as Sir Keir Starmer faces Prime Minister’s Questions before Rachel Reeves delivers her spring statement on the state of the UK economy on Wednesday, 26 March.

Politics

64 h. ago Further welfare cuts expected as Rachel Reeves prepares to deliver spring statement – UK politics live

Keir Starmer will face Kemi Badenoch at PMQs before the chancellor delivers her spring statement John Healey, the defence secretary, has been doing an interview round this morning because overnight the Treasury briefed journalists that Rachel Reeves will announce an extra £2.2bn in defence spending from April in the spring statement. (Presumably that was the story the Treasury press office were hoping would be leading the news bulletins this morning, not the new benefit cuts).In its news release, the Treasury said:The chancellor will announce a further £2.2bn funding increase for defence from April, as she warns that Britain has to “move quickly in a changing world”.The funding will be invested in advanced technologies so that Britain’s armed forces have the tools they need to compete and win in modern warfare. This includes guaranteeing the investment to fit Royal Navy ships with Directed Energy Weapons by 2027. These weapons can hit a £1 coin from 1km away and take down drones at ...

Politics

3 d. ago Spring statement latest: Trump tariffs pose major threat to UK economy, warns Bank of England chief

Andrew Bailey speaks ahead of Rachel Reeves’ Spring Statement

Events

4 d. ago Spring statement latest: Bank of England chief calls for economies to ‘come together’ amid Trump’s tariff war

Andrew Bailey speaks ahead of Rachel Reeves’ Spring Statement

Economics

4 d. ago Spring statement latest: Tories claim Reeves will usher in new era of austerity

Rachel Reeves to deliver Spring Statement this week

Politics

4 d. ago Spring statement latest: Tories warn Reeves will usher in new era of austerity after ‘terrible’ Budget damaged economy

Rachel Reeves to deliver Spring Statement this week

Events

4 d. ago Spring statement latest: Starmer and Trump hold talks over ‘economic prosperity deal’ amid threat of tariffs

The Prime Minister spoke to the President on Sunday night

Economics

4 d. ago Major supermarket closes 17 stores and axes 52 cafes and 35 meat counters leaving hundreds of staff at risk of redundancy

The company says a 'wide-ranging review' identified a number of areas where the costs of operations are 'significantly out of line with usage'.

Events

4 d. ago Major supermarket will close 52 cafes, 35 meat counters and 17 stores with 365 staff at risk of redundancy

The company says 'a wide-ranging review identified a number of areas where the costs of operations are significantly out of line with usage, volumes or the value that customers place on them'.

Events

4 d. ago Spring statement latest: Starmer warns of cuts ‘across the board’ with ‘50,000 civil service jobs up for axe’

Sir Keir Starmer questioned why the government shouldn’t aim to be more efficient

Events

4 d. ago Glimmer of hope for Reeves as economy stutters back to life ahead of Spring Statement

Closely-watched PMI figures showed activity firmly back in growth territory, with the reading up from 50.5 in February to 52 this month.

Politics