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August 2, 2025

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Rachel Reeves

UK interest rates forecast to rise less sharply after inflation falls to 7.9%

Annual rate back on downward path, which eases pressure on Bank of EnglandBusiness live updates – latest newsUK inflation fell further than expected in June to 7.9% amid a sharp fall in petrol prices, easing forecasts for how aggressively the Bank of E…

July 19, 2023
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Labour plans new taskforce to target contractors linked to hostile nations

Exclusive: Yvette Cooper to tell RUSI thinktank that economic security and national security go hand in handContractors linked to hostile foreign powers such as China will be targeted by a new security taskforce if Labour wins the next general election…

July 17, 2023
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Matt Hancock says he is ‘profoundly sorry’ for ‘huge error’ in UK’s pandemic planning – as it happened

Former health secretary says he is ‘profoundly sorry’ for every death and says he knows an apology from him will be ‘hard to take’. This live blog is now closedFull story: Matt Hancock ‘profoundly sorry’ for Covid readiness failingsThe journalist Isabe…

June 27, 2023
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Government scheme to send asylum seekers to Rwanda will cost £169,000 per person, Home Office says – UK politics live

Home secretary says benefits of deterring irregular immigration should also be considered, as economic impact assessment publishedThis is what Rishi Sunak said in his clip for broadcasters in response to claims that today’s King’s Fund report (see 9.28…

June 26, 2023
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Rishi Sunak says he is ‘totally, 100% on it’ in battle against inflation – as it happened

Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’. This live blog is closedBank of England raises interest rates by a half point to 5%Rishi Sunak has posted a thread on Twitter setting out what the governmen…

June 22, 2023
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UK economy returns to slender growth as spending in pubs lifts output

GDP rose by 0.2% in April, with rising car sales and reduced impact of strikes also playing a partBusiness live – latest updatesThe UK economy eked out a return to growth in April as rising car sales and customers spending in pubs and bars helped outpu…

June 14, 2023
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Boris Johnson resigns as MP with immediate effect and says he is ‘bewildered and appalled’ at being ‘forced out’ – as it happened

Former prime minister to be suspended for 10 days and will not stand again in Uxbridge and South Ruislip Responding to Rachel Reeves’s comments about Labour’s green investment on the Today programme (see also 9.24am and 9.45am) Rebecca Newsom, Greenpea…

June 9, 2023
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Labour government would have to delay £28bn green fund, Reeves says

Shadow chancellor says poor economy under Tories meant annual funding would come in graduallyUK politics live – latest updatesThe shadow chancellor, Rachel Reeves, has delayed plans to borrow £28bn a year for a green prosperity fund under a Labour gove…

June 9, 2023
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Labour needs an ‘honest debate’ about Brexit damage, union warns

Unless Britain develops a closer relationship with the EU it will continue to haemorrhage investment and jobs, says the GMBThe leader of one of the country’s biggest unions has urged Labour to conduct an “honest debate” about the economic damage being …

June 3, 2023
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Starmer urged to use some of Labour’s £28bn green fund for other spending

Shadow ministers say green prosperity plan should pay for capital spending such as housing or transport infrastructureSenior Labour figures are urging Keir Starmer to give the go-ahead to a series of infrastructure projects as part of the party’s £28bn…

June 1, 2023
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