Browsing: Rachel Reeves

TL;DR –  Budget 2025: Three things Rachel Reeves’s speech boils down to – and two tricks the chancellor will fall…

TL;DR Rachel Reeves’ unexpected 8am news conference signals the urgency of tax hikes needed to bridge a projected £20bn-30bn budget…

TL;DR – UK Politics news Sir Keir Starmer announced that Rachel Reeves will not face further action over her “inadvertent…

TL;DR – Budget 2025 latest Rachel Reeves is expected to avoid raising income tax and national insurance rates to uphold…

Cliff Notes Rachel Reeves must go beyond merely addressing the estimated £22bn public finance black hole or face repeated fiscal…

Almost all of Thursday’s UK newspaper front pages feature an image of Chancellor Rachel Reeves crying during Prime Minister’s Questions. The cause of the tears is the subject of much speculation this morning as some papers expect the chancellor to be sacked, whilst other front pages look at the reaction the markets had to the tearful episode. 

Thursday’s headlines are dominated by analysis over Chancellor Rachel Reeves’s tearful appearance at yesterday’s Prime Minister’s Questions. As the PM faced questions at the dispatch box, he was asked if the Chancellor would remain in post and appeared to avoid answering. The Chancellor was seen crying behind him. Starmer has since said he backs the chancellor completely and she will not be replaced.

The chancellor’s tears caused some panic in the market, leading to a multi-billion-pound sell-off. There is further analysis of Starmer’s grip on his party, as some Labour MPs want a cabinet reshuffle.

The prime minister will set out a 10-year plan for a “neighbourhood health service” in England this morning, in a move he’ll surely be hoping will deflect attention from his chancellor.

Four people have been charged by counter-terrorism police over a break-in at RAF Brize Norton last month, during which military planes were damaged. It comes as MPs voted to ban Palestine Action under anti-terror laws.

In sports news, Emma Raducanu is having a great time at Wimbledon, and the Lionesses and the Welsh women’s team are preparing for their opening Euro 2025 matches.

Chancellor Rachel Reeves was seen in tears during Prime Minister’s Questions after Labour was forced into a major U‑turn on welfare reforms, ditching planned cuts to disability benefits and abandoning a £5 billion-a-year saving target.

Prime Minister Sir Keir Starmer has offered major concessions to over 120 Labour MPs who threatened to oppose key parts of the welfare reform bill.

In May, Chinese exports to the UK surged by 16.1% compared with the previous year, marking the highest monthly level since February 2022.