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August 2, 2025

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Rachel Reeves

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 we…

July 3, 2025
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Welfare climbdown lets genie out of the bottle, and no one knows what happens next

Government has double challenge to plug £5bn hole while restoring sense that it retains authority and control A fortnight ago in a corridor near the House of Commons chamber, a close confidant of the prime minister smiled and shook his head when asked …

July 2, 2025
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UK bond yields rise sharply amid speculation over future of Rachel Reeves

Welfare bill climbdown fuels biggest one-day hike in government borrowing costs since Liz Truss mini-budget debacleUK government borrowing costs have risen sharply amid speculation over Rachel Reeves’s position as chancellor, as City investors warned L…

July 2, 2025
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Where does the welfare bill climbdown leave UK public finances?

With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gapWelfare bill climbdown will have ‘a cost’ at budget, says senior ministerReeves will stay as chancellor, says No 10 after her tears in CommonsKeir Starm…

July 2, 2025
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No 10 defends chancellor after day of bitter recriminations over welfare bill fiasco

PM says Rachel Reeves will be chancellor ‘for very long time to come’ amid speculation about her job in wake of tearful Commons appearance Keir Starmer has been forced to defend his chancellor after a day in which the bitter recriminations over Labour’…

July 2, 2025
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Welfare bill climbdown will have ‘a cost’ at budget, says senior minister

Pat McFadden says U-turn will change calculations, as IFS says tax rises in autumn look increasingly likelyUK politics live – latest updatesThere will be “a cost” to the government’s climbdown on welfare changes at the budget, one of Keir Starmer’s sen…

July 2, 2025
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Welfare bill passes by majority of 75 as massive climbdown heads off Labour revolt – as it happened

MPs vote through welfare bill by 335 votes to 260 after rebel amendment to kill off bill defeated easily after concession over planned Pip cutsCompass, the leftwing group urging Labour to be more pluralistic, has put out a statement condemning the UC a…

July 1, 2025
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UK households hit by squeeze on living standards despite fastest growth in G7

ONS confirms GDP growth at 0.7% between January and March but households saving less of disposable incomeBusiness live – latest updatesUK households faced a renewed cost of living squeeze in the first three months of 2025 amid increases in taxes and in…

June 30, 2025
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‘They didn’t think we’d have the guts’: How Labour rebels forced the government’s welfare U-turn

A culture of arrogance made Keir Starmer’s climbdown inevitable, according to some of his own MPsThe Conservative shadow cabinet minister looked more cheerful than at any point in the 12 months since the general election. “How did they get into such a …

June 29, 2025
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Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budgetRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growin…

June 27, 2025
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