Can Rachel Reeves save Britain’s frozen economy from recession?
2 weeks, 2 days ago

Can Rachel Reeves save Britain’s frozen economy from recession?

The Independent  

Jack Frost swept an icy chill across the UK economy earlier than anyone expected. Following on from last week’s grim economic news, the Office for National Statistics has revised its third quarter estimate of GDP growth down to absolute zero. At minus 24, the business group’s “growth indicator” is at its lowest level in two years. “The Budget and our Plan for Change will deliver sustainable long-term growth, putting more money in people’s pockets through increased investment and relentless reform,” Ms Reeves said. The CBI’s alert that “price growth expectations are getting firmer” is the sort of thing that will have members of the Bank’s rate-setting Monetary Policy Committee hiding behind the sofa after pressing “pause” on the interest rate remote.

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History of this topic

How long will Rachel Reeves last? Labour gloom has put Britain on brink of recession, says MAGGIE PAGANO
Trending News
2 weeks, 1 day ago

How long will Rachel Reeves last? Labour gloom has put Britain on brink of recession, says MAGGIE PAGANO

Daily Mail  

Britain is on the brink of recession. What’s more, living standards may be revised lower still as officials update the net migration numbers next month. If that’s not bleak enough, recruiters warn the UK is already in a ‘hiring recession’, while the Confederation of British Industry says we are facing ‘the worst of all worlds’ with companies reducing output, cutting …

Flatlining economy could force Rachel Reeves to break her pledge and come back with ANOTHER tax raid, experts warn
Trending News
2 weeks, 2 days ago

Flatlining economy could force Rachel Reeves to break her pledge and come back with ANOTHER tax raid, experts warn

Daily Mail  

A sluggish economy could force Rachel Reeves to break her pledge and come back with another tax raid, a leading economist has warned. Pictured: Chancellor of the Exchequer Rachel Reeves poses with the red budget box Revised figures yesterday showed the UK saw zero growth in the three months from July to September Shadow business secretary Andrew Griffith said it …

Blow for Rachel Reeves as zero growth puts UK on brink of recession
Trending News
2 weeks, 2 days ago

Blow for Rachel Reeves as zero growth puts UK on brink of recession

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Kate Nicholls, chief executive of UKHospitality, said on Monday that the revised growth figures …

Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves
2 weeks, 5 days ago

Nigel Farage ‘hasn’t got a clue’ how to fix the economy, says Rachel Reeves

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

How long will the shadow of Reeves’ Budget hang over Britain’s gloomy economy?
2 weeks, 5 days ago

How long will the shadow of Reeves’ Budget hang over Britain’s gloomy economy?

The Independent  

Fun fact: the OECD still predicts that Britain’s economy will be one of the stars of the G7 during 2025 with growth of 1.7 per cent, lagging only behind the US at 2.4 per cent. Labour’s tax-raising budget, and particularly the decision to raise £24bn by hiking employer national insurance contributions looms large over UK plc. The Bank of England’s …

Rachel Reeves is accused of killing growth as Bank of England warns UK economy is grinding to halt after her anti-business Budget
2 weeks, 6 days ago

Rachel Reeves is accused of killing growth as Bank of England warns UK economy is grinding to halt after her anti-business Budget

Daily Mail  

Rachel Reeves was yesterday accused of killing growth as the Bank of England warned the economy is grinding to halt in the wake of her anti-business Budget. Shadow business secretary Andrew Griffith said: ‘Today’s growth downgrade from the Bank of England follows warnings from almost every business group and forecaster. Not a surprise that the financial markets are pushing up …

The UK economy has shrunk again – but it’s too soon for Reeves to utter the word ‘recession’...
3 weeks ago

The UK economy has shrunk again – but it’s too soon for Reeves to utter the word ‘recession’...

The Independent  

Instead of growing by 0.2 per cent, as optimistically forecast by the City and the Bank of England, the UK economy shrunk by 0.1 per cent in October for the second month running. The picture looks marginally better over the past three months; the economy expanded by 0.1 per cent over the longer period. What ought to really worry chancellor …

Blow to Rachel Reeves as leading businessman suggests recession could be ‘around the corner’
3 weeks, 3 days ago

Blow to Rachel Reeves as leading businessman suggests recession could be ‘around the corner’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A leading British businessman has warned Rachel Reeves that her Budget …

Reeves faces a recession fears but industrial hollowing could offer a bigger problem
3 weeks, 4 days ago

Reeves faces a recession fears but industrial hollowing could offer a bigger problem

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy shrank again …

UK economy shrinks again in another blow to Reeves, new figures show
3 weeks, 5 days ago

UK economy shrinks again in another blow to Reeves, new figures show

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rachel Reeves said the figures were disappointing “We are determined to deliver economic growth as …

Rachel Reeves banks on fixing Brexit to achieve pledged economic growth
Trending News
1 month ago

Rachel Reeves banks on fixing Brexit to achieve pledged economic growth

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

DAILY MAIL COMMENT: Reeves is talking the UK into recession
1 month, 2 weeks ago

DAILY MAIL COMMENT: Reeves is talking the UK into recession

Daily Mail  

The snowball effect describes a situation in which something increases in size or importance at an ever faster rate – often with disastrous consequences. Immediately after Labour's July 4 election victory she falsely claimed the Government had inherited the 'worst set of circumstances' since the Second World War. Chancellor of the Exchequer Rachel Reeves displays the red budget briefcase to …

How Reeves can save the ‘crown jewel’ of Britain’s economy
1 month, 3 weeks ago

How Reeves can save the ‘crown jewel’ of Britain’s economy

The Telegraph  

Rachel Reeves says she believes the City of London is the “crown jewel” of Britain’s economy. Speaking at the annual Mansion House dinner on Thursday, Reeves said post-crisis regulation had “resulted in a system which sought to eliminate risk-taking. That has gone too far and, in places, it has had unintended consequences which we must now address.” The urgency of …

It’s time Britain got real – the only way is Europe
1 month, 3 weeks ago

It’s time Britain got real – the only way is Europe

The Independent  

The chancellor’s response to the latest miserable economic growth figures was peevish to the point of bizarre. Sounding like a mum who’s been told her children have just flunked their mock exams, this trained economist declared: “I am not satisfied with these numbers.” If a chancellor’s mere disfavour was sufficient to boost growth, then all our problems would soon be …

Rachel Reeves targets trade deal with Donald Trump as UK economy stalls
1 month, 3 weeks ago

Rachel Reeves targets trade deal with Donald Trump as UK economy stalls

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves has set out …

We need more than your ‘Crisis? What crisis?’ response to dire growth figures, Chancellor
1 month, 3 weeks ago

We need more than your ‘Crisis? What crisis?’ response to dire growth figures, Chancellor

The Independent  

The latest figures are a warning to Labour. She was listened to politely at last night’s Mansion House dinner, but consolidating local government pension funds into a series of “megafunds” is a marginal long-term reform that does nothing for the here and now. I know James Callaghan never used those words, but Reeves might as well have said what he …

Rachel Reeves fightback to woo the City: I’ll ease banking regulations
1 month, 3 weeks ago

Rachel Reeves fightback to woo the City: I’ll ease banking regulations

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Rachel Reeves will set out the plans in her first Mansion …

Rachel Reeves plots pensions industry 'big bang' for investment as she scrambles to stop Budget squeezing growth... while poll finds four in 10 Brits believe high-tax package WILL hit their pockets
2 months ago

Rachel Reeves plots pensions industry 'big bang' for investment as she scrambles to stop Budget squeezing growth... while poll finds four in 10 Brits believe high-tax package WILL hit their pockets

Daily Mail  

Rachel Reeves has signalled a pension industry 'big bang' to free up billions for Labour's infrastructure splurge. Rachel Reeves has signalled a pension industry 'big bang' to free up billions for Labour 's infrastructure splurge Your browser does not support iframes. 'In a couple of weeks' time I will deliver my first Mansion House speech setting out my ambitions for …

Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s
2 months, 1 week ago

Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s

The Telegraph  

Britain faces years of “muted” growth and higher borrowing costs after Rachel Reeves’ maiden Budget, Moody’s has warned. Moody’s also warned that higher spending on infrastructure would only boost growth if ministers successfully tackled issues that have dogged the UK economy for years, such as the worklessness crisis and long planning delays. “We expect growth in our baseline to remain …

DAILY MAIL COMMENT: This was a painful budget - with worse to come
2 months, 1 week ago

DAILY MAIL COMMENT: This was a painful budget - with worse to come

Daily Mail  

There are three kinds of lies, said Mark Twain. In her first Budget, Chancellor Rachel Reeves cynically reneged on those promises with a £40billion tax bombshell. Chancellor Rachel Reeves said the country had 'voted for change' and vowed to 'invest' as she mounts one of the biggest raids in history in the Commons Ms Reeves carried out the traditional photo …

Reeves sets out promise to ‘invest, invest, invest’ in first Budget
2 months, 1 week ago

Reeves sets out promise to ‘invest, invest, invest’ in first Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves said there …

Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget
2 months, 1 week ago

Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget

Live Mint  

Rachel Reeves will pledge to “rebuild Britain” with her first budget, an historic moment that will include a major package of tax hikes and extra borrowing likely to define British politics for the rest of the decade. Rachel Reeves will pledge to “rebuild Britain" with her first budget, an historic moment that will include a major package of tax hikes …

Rachel Reeves pledges to ‘invest, invest, invest’ as she prepares to unveil historic Labour Budget
2 months, 1 week ago

Rachel Reeves pledges to ‘invest, invest, invest’ as she prepares to unveil historic Labour Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves will unveil her historic Budget – the first by …

Ailbhe Rea: The Night Before the Budget
2 months, 1 week ago

Ailbhe Rea: The Night Before the Budget

Bloomberg  

Rachel Reeves will deliver her budget tomorrow — the first by a Labour government in 14 years, the first in history by a female chancellor, and set to be one of the UK’s biggest ever tax-raising events. As Philip Aldrick writes today in his essential briefing on everything to look for, Reeves has given herself “the seemingly contradictory tasks of …

Can Rachel Reeves avoid a Budget omnishambles?
2 months, 2 weeks ago

Can Rachel Reeves avoid a Budget omnishambles?

The Independent  

Some mixed news for Rachel Reeves with one week to go until her Budget… and, on balance, it’s encouraging. She has repeated her well-known guarantees on taxes on “working people” – income tax, VAT, and national insurance, as well as freezing corporation tax rates. Even so, Reeves will probably still have to move stealthily on personal taxes by further freezing …

Rachel Reeves boosted by big drop in inflation as she seeks £40bn in Budget tax rises
2 months, 3 weeks ago

Rachel Reeves boosted by big drop in inflation as she seeks £40bn in Budget tax rises

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Responding to the inflation data, chief Treasury secretary Darren Jones …

Rachel Reeves is accused of holding back the economy after Britain eked out growth of just 0.2 per cent in August
2 months, 4 weeks ago

Rachel Reeves is accused of holding back the economy after Britain eked out growth of just 0.2 per cent in August

Daily Mail  

Rachel Reeves was yesterday accused of holding back the economy after Britain eked out growth of just 0.2 per cent in August amid the Chancellor’s relentlessly ‘negative’ rhetoric. Rachel Reeves put a positive tone on the news on Friday, pointing to a major investment summit being held next week Official figures showed GDP expanding 0.2 per cent at the end …

Will Rachel Reeves’s creative accounting be enough to pull Britain out of its financial black hole?
3 months ago

Will Rachel Reeves’s creative accounting be enough to pull Britain out of its financial black hole?

The Independent  

Speaking at a glassmaking factory in Cheshire on Friday, Keir Starmer promised to build two carbon capture and storage “clusters” on Merseyside and Teeside. The project will cost £21.7bn, with the promise that they will create 5,000 “good jobs”, boost the economies of the regions where they will be based, and help make Britain a green industry power. Mortgage rates …

Rachel Reeves is about to embark upon a massive debt binge
3 months, 2 weeks ago

Rachel Reeves is about to embark upon a massive debt binge

The Telegraph  

This is important because the Treasury uses this metric – known as the “cash requirement” – as the basis for the remit it gives the Debt Management Office, which is responsible for issuing all the bonds needed to service those needs. The issuing of gilts, as British government bonds are known, has soared since the pandemic, and is likely to …

As the economy stalls on Labour, what can Rachel Reeves do about it?
3 months, 4 weeks ago

As the economy stalls on Labour, what can Rachel Reeves do about it?

The Independent  

Not many people are inclined to feel much sympathy for Rachel Reeves at the moment – the cut to winter fuel payments could hardly have gone down worse – but she’s been dealt a dismal hand. The latest official figures show that, after growing by 0.5 per cent in the three months to July, the economy has unexpectedly flatlined for …

Britain’s Treasury chief says stimulating economic growth is the new Labour government’s mission
6 months ago

Britain’s Treasury chief says stimulating economic growth is the new Labour government’s mission

Associated Press  

LONDON — Britain’s new Labour government will make stimulating economic growth its mission, the Treasury chief said Monday, pledging to limit bureaucracy to make it easier to invest in the country. Britain’s first female Treasury chief and a former Bank of England economist, Reeves said sustained economic growth was the only way to improve living standard s for all and …

Labour will fight the next election on the economy, says Rachel Reeves as she offers ‘securonomics’ and stability
8 months ago

Labour will fight the next election on the economy, says Rachel Reeves as she offers ‘securonomics’ and stability

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. She said: “We …

Rachel Reeves pitches herself as Labour’s version of Margaret Thatcher as she vows new chapter in Britain’s economy
9 months, 2 weeks ago

Rachel Reeves pitches herself as Labour’s version of Margaret Thatcher as she vows new chapter in Britain’s economy

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Repeating Labour’s pledge to embark on “a decade of national …

UK recession live: Reeves says Britain trapped in cycle of ‘decline’ as Sunak’s economy pledge ‘in tatters’
10 months, 3 weeks ago

UK recession live: Reeves says Britain trapped in cycle of ‘decline’ as Sunak’s economy pledge ‘in tatters’

The Independent  

✕ Close Hunt insists plan to bring inflation down is working despite 4 per cent increase For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like …

Jeremy Hunt accuses Rachel Reeves of 'fairy tale' economics after Labour conference
1 year, 3 months ago

Jeremy Hunt accuses Rachel Reeves of 'fairy tale' economics after Labour conference

The Telegraph  

Jeremy Hunt has accused Rachel Reeves of peddling “fairy tale” economics after Labour’s shadow chancellor set out her stall to voters in her conference speech. “It is extraordinary that inflation wasn’t mentioned once by Rachel Reeves when it is the biggest challenge facing the British economy,” he said. “Instead, Reeves made it clear Labour will increase borrowing by £28 billion …

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