Economists say Chancellor Rachel Reeves may have to raise taxes in the October Budget.
Browsing: Rachel Reeves
The chancellor is back on the front pages this morning ahead of a meeting with her American counterpart. Rachel Reeves is in the United States in hopes of securing a trade deal but has warned she will not rush it.
Ukraine is back in Britain’s headlines after US President Donald Trump insisted that Ukraine’s President, Volodymyr Zelensky, is jeopardising a peace deal with Russia. The US has repeatedly threatened to walk away if Ukraine doesn’t sign the latest peace deal – which would include handing over Crimea.
This comes as Russian missile and drone attacks battered the Ukrainian capital overnight, killing at least nine people and injuring a further 63.
The IMF has significantly downgraded the UK’s growth forecast for this year to just 1.1%, citing the adverse impacts of the global trade war and rising inflation.
The UK Economy grew by 0.5% in February, outperforming analyst forecasts of a 0.1% rise, driven by strong manufacturing and service sectors.
The UK government is considering nationalising British Steel as concerns grow over the Scunthorpe plant’s future after Jingye cancelled vital orders for raw materials.
Chancellor Rachel Reeves is set to meet with top City executives to assess the impact of President Trump’s tariffs on the UK Economy.
Chancellor Rachel Reeves is back in the headlines after an impact assessment revealed the chancellor’s welfare overhaul – aimed to get more people back in work – could see even more people signed off.
Chancellor rejects poverty fears – Chancellor Rachel Reeves has rejected claims that her welfare strategy will push children and families into poverty. It comes after analysis has started on her Spring Statement – and what it means for both the poorest and wealthiest in Britain.
King Charles in hospital – Much of Friday’s headlines in the UK are reporting on the latest update in King Charles’s health. The 76-year-old has been admitted to the hospital due to side effects from his treatment.
There are ongoing discussions over Wednesday’s Spring Statement, with disability payments and potential future tax raids being two of the most popular talking points.
On the international front, there’s more coverage of Donald Trump and his administration as they continue to push to take over Greenland and the Germany’s reaction to the latest tariff announcements.
Happy Thursday! Today’s newspaper front pages are, unsurprisingly, dominated by yesterday’s Spring Statement. It’s a tough read for the chancellor this morning as the newspapers round on her plans with accusations that her time will soon be up as chancellor, that she’s returning Britain to austerity and that the poor will be hit the hardest – when it should be the wealthy taxed.
Economic growth in doubt – Rachel Reeves’ Spring Statement, several newspapers highlight the OBR’s warning that the Chancellor’s plans for economic growth could be wiped out by the global trade war as Donald Trump continues to issue further tariff threats.
The Office for Budget Responsibility (OBR) has halved the 2025 economic growth forecast to 1%, down from 2%. Despite these austerity measures, the tax burden is projected to reach a record 37.7% of the GDP by 2027-28.
Recent welfare cuts are projected to push tens of thousands of children into poverty, disproportionately affecting low-income families and those with disabilities.
Spring Statement 2025 reaction – Thursday’s headlines are reacting to yesterday’s Spring Statement delivered by the chancellor.
Chancellor Rachel Reeves announced significant measures to address the UK’s economic challenges. Key points include a £14 billion plan involving cuts to welfare payments (£4.8 billion) and departmental spending (£3.6 billion) to fix public finances. The Office for Budget Responsibility (OBR) has halved the 2025 economic growth forecast to 1%, down from 2%. Despite these austerity measures, the tax burden is projected to reach a record 37.7% of the GDP by 2027-28. Additionally, a £3.25 billion Transformation Fund was introduced to drive efficiencies across government departments.
Following the chancellor’s update on the economy, Donald Trump announced new import taxes of 25% on cars and car parts coming into America in a move that threatened to widen the global trade war.
Cliff Notes – Spring statement 2025 key takeaways The Office for Budget Responsibility has halved the UK’s growth forecast for 2025 from 2% to 1%,…
Chancellor Rachel Reeves says the 2025 growth estimate for the UK has been halved to 1% from 2% by the government’s official forecaster, the Office for Budget Responsibility (OBR)
Happy Wednesday – and most importantly, Happy Spring Statement Day! Today, Chancellor Rachel Reeves will set out her plans for the UK economy for the next year, presenting her budget plans to the Commons at 12:30.
The chancellor is set to introduce significant changes aimed at balancing the UK’s public finances amidst economic uncertainty. Spending cuts are expected to be the main focus, with charities urging the government not to hit the poorest the hardest.
What can we expect in the Spring Statement 2025? – Wednesday’s Spring Statement, set to be announced by the chancellor this afternoon, dominates much of the UK news this morning. There is continued speculation over how severe the chancellor’s cuts to public spending will be amid promises that she is hunting growth for the UK economy.
The latest UK inflation figures are set to be released this morning, ahead of the chancellor’s statement, which will be delivered at 12:30 in the Commons.
Elsewhere, Prince Harry has stepped down from his role at the charity he co-founded after a row between the trustees and the chair of its board.
On the international front, the ongoing fallout with the Trump administration after the Yemen bombing plans were accidently shared with a journalist and there’s extensive coverage of the devastating wildfires sweeping South Korea, having already killed 18 people.
The headlines this morning continue speculating over Wednesday’s Spring Statement. The chancellor has hinted at severe spending cuts and the left-wing backbenchers are eyeing up a rebellion – one No 1o is desperate to stamp out before it gets going. The papers suggest the chancellor is trying to buy off rebels with a £2bn affordable housing plan.
Tuesday’s headlines are heavily focused on what’s happening outside our little island, with heavy coverage of the latest airstrikes in Ukraine and the group chat blunder from top US officials.
A handful of headlines look ahead to Wednesday’s Spring Statement and continue to speculate on potential job losses and cuts to public spending. There is a handful of stand-alone stories on the front pages, covering domestic news.
This week kicks off with politics – as Britain braces for Chancellor Rachel Reeves’ Spring Statement. We’ve be told to prepare for cuts to public spending – leading to concerns of more Tory austerity.
The chancellor is set to axe 10,000 civil service jobs and ministers have told departments to be prepared to trim the fat. Department’s such as education are worried that it could be the worst cuts in a generation!!
Reeves will dish all on Wednesday, when she officially delivered her Spring Statement.
Most of the UK newspapers speculate, assess and give their verdict on what’s expected to be revealed in Chancellor Rachel Reeves’ Spring Statement, which will be announced on Wednesday. ‘Worst cuts in a generation,’
A lot is happening this Monday morning with news across the UK being dominated by both domestic politics and international stories. The chancellor is making the headlines ahead of Wednesday’s Spring Statement, with the newspaper front pages speculating on what cuts are coming to public services.
Protests across Turkey, US tariff backlash and Canada’s snap election are featured across the UK news this morning.
Pope Francis is pictured on a handful of newspapers after he was discharged from hospital.
Government borrowing surged to £132.2bn last month, significantly exceeding forecasts and representing a £15bn increase from the previous year.
Labour Minister Luke Pollard dismissed claims that the government is “centre right,” asserting that recent cuts aim to enhance work opportunities and bolster defence funding.