4 d. ago UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

LONDON (AP) — British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before last week’s budget. Starmer said “there was no misleading” in the run-up to Chancellor of the Exchequer Rachel Reeves’ tax-hiking budget, which […]

Politics

7 d. ago Britain’s Aspiring Professionals Feel the Sting of Reeves’ Budget

They’re highly paid, gaining power and influence — and about to get a reality check on their own personal balance sheets.

Other

8 d. ago Reeves Budget Calms Markets and Party But Leaves Britons Unhappy

Britons reacted overwhelmingly negatively to Chancellor of the Exchequer Rachel Reeves’ budget, the first opinion poll since it took place has found, suggesting little relief for the Labour government’s slumping popularity.

Culture

9 d. ago Reeves Lifts Hurdle to Bank of England Cut With Budget Measures

Rachel Reeves cleared the path for the Bank of England to resume cutting interest rates next month, even though her budget was less inflation-battling than had been expected only a few weeks ago.

Other

9 d. ago Reeves Raises UK Taxes by £26 Billion in Day of Budget Chaos

Chancellor of the Exchequer Rachel Reeves announced £26 billion ($34 billion) of tax increases, in a budget that sought to balance the demands of both bond traders and restive Labour backbenchers.

Economics

2 w. ago UK Budget Leaves Rachel Reeves Facing a £30 Billion Reckoning

When Keir Starmer’s office caught wind of a plot to oust him as prime minister, his Chancellor Rachel Reeves was basking in a rare bit of good news.

Other

2 w. ago UK Inflation in First Drop Since March Ahead of Reeves’ Budget

UK inflation fell for the first time in seven months, a sign price pressures are past their peak ahead of crucial decisions by the Bank of England and Chancellor of the Exchequer Rachel Reeves.

Economics

3 w. ago Financial markets grow fretful after reports of UK government abandoning income tax hike

LONDON (AP) — British financial assets were under pressure Friday on growing speculation that the Labour government has ditched plans to raise income taxes in a crucial budget at the end of the month. Treasury chief Rachel Reeves was clearly considering becoming the first Chancellor of the Exchequer in 50 years to increase the basic […]

Politics

3 w. ago Reeves Looks to Woo Budget Watchdog With Plan to Cut Inflation

Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation.

Economics

3 w. ago UK Business Seeks to Swerve More Tax as Reeves Prepares Budget

UK business chiefs urged Chancellor of the Exchequer Rachel Reeves to ease energy costs and avoid raising the tax burden on corporate Britain as she prepares this year’s budget.

Economics

4 w. ago Bank of England’s Darkening Outlook Raises Stakes for UK Budget

The Bank of England used its regular business survey to warn that UK Chancellor of the Exchequer Rachel Reeves will unveil her budget against a grim backdrop of weak business investment, rising unemployment and slowing growth.

Other