Browsing: Rachel Reeves

“GDP growth slowed markedly in the summer when the new government began warning of tax hikes,” said Rob Wood, chief UK economist at Pantheon Macroeconomics.

Friday’s front pages cover the ongoing LA wildfires as exhausted firefighters battle to contain the fires spreading over the iconic city. The front pages reflect the growing death toll and the more than 100,000 homes reduced to ash.

The latest from Downing Street – and the UK economy – also find space on the front pages this morning as the pound sinks to its lowest level since 2023. Chancellor Rachel Reeves is facing criticism from several publications as she jets off to China amid economic uncertainty. However, the chancellor’s trip is an attempt to revive closer ties with Beijing for economic benefits.


Elon Musk continues to find a scrap of space on the front pages, as the foreign billionaire has said he wants to oust Keir Starmer – and Labour – from power. Elon Musk is an American billionaire who does not live in Britain. His continued interference in British politics continues to infuriate the public. The tech billionaire is also facing a probe by a counter-extremism unit to see if they create a risk to Britain.

Several papers carry a newly released image of Princess Kate, who celebrated her birthday yesterday. Other papers carry images from Jimmy Carter’s funeral – as the previous five American presidents came together.

The chancellor delivered her first Mansion House speech on Thursday as she urged the City regulators to allow financial service providers to take greater risks, saying that the rules introduced after the 2008 financial crash had “gone too far” and were harming growth.

The speech is an annual address to the City of London by the sitting chancellor. In her first address, she attempted to reassure the City that she had a growth strategy. Much of her speech is highlighted across print media and online this morning.

The Bank of England governor Andrew Bailey also gave a speech yesterday at the event in which said the UK must improve its relationship with Europe saying the “consequences of Brexit” were damaging the economy.