Rachel Reeves is trapped

Economic growth is flatlining, the pound is down, gilt yields are up, borrowing costs continue to rise — and Liz Truss is claiming total vindication in her war with the media-economic-political establishment. The bad news continues to pile up for chancellor Rachel Reeves. Increases in the cost of borrowing in recent days are reported to […]

Rachel Reeves has damaged the confidence of business in government, CBI chair suggests

The chancellor has created a “black hole” in the confidence of businesses in government, the chair of the Confederation of British Industry (CBI) has suggested. Speaking to BBC Radio 4’s Today programme, Rupert Soames insisted business leaders were less likely to employ in the current climate. He said: “The chancellor told us at the time […]

Rachel Reeves may need to consider ‘very severe’ cuts, says former BoE economist

The chancellor may need to consider “very severe” spending cuts if the recent rise in UK borrowing costs erodes her fiscal headroom, a former Bank of England economist has said. Sir John Gieve, a former Bank deputy governor, said that recent bond market movement has not come in response to UK policy changes and explained […]

Rachel Reeves vows to ‘break down barriers’ to UK-EU post-Brexit trade — speech in full

The chancellor has vowed to “break down barriers” to trade between the European Union and United Kingdom as part of the government’s post-Brexit “reset”. The comments came as Rachel Reeves delivered speech at meeting of European finance ministers. “This is the first time a British chancellor has attended a meeting of EU finance ministers since […]

Rachel Reeves ‘not satisfied’ as economic growth slows to 0.1%

The economy grew by just 0.1 per cent in the third quarter of this year, according to data from the Office for National Statistics (ONS).

Budget battles commence as Rachel Reeves accused of ‘silly manoeuvres’

Conducting the post-budget broadcast round this morning, Reeves insisted her inaugural budget “fixed the foundations”.

Reeves ‘acting like a compulsive liar’ over tax promises, says Robert Jenrick

Robert Jenrick has accused the chancellor of acting “like a compulsive liar” over the government’s budget tax rises. 

Rachel Reeves insists government won’t ‘ever do a budget like this again’

Rachel Reeves has said the autumn budget was a one-off event that “wiped the slate clean” and would not need to be repeated.

How Rachel Reeves navigated her budget traps — and set more for the next Conservative leader

The pressure now will be on the next Conservative leader to outline what they would do differently — and at whose expense.

Rachel Reeves vows to ‘invest, invest, invest’ in first Labour budget for 14 years

Reeves will vow the budget takes the difficult but necessary decisions to “restore economic stability” and begin a “decade of national renewal”.