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Fri, 19 April 2024

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Rachel Reeves MP

Rachel Reeves MP

Labour MP for Leeds West and Shadow Chancellor of the Duchy of Lancaster

Labour's Tax Crackdown Could Be Dampened By 'Bigger Public Finance Challenge', Economists Warn
Economy
Labour's Tax Crackdown Could Be Dampened By "Bigger Public Finance Challenge", Economists Warn
Economists have said Labour plans to clamp down on tax avoidance will do little to ease the tight fiscal picture on public spending the party is facing if it wins the general election later this year.
Rt Hon Rachel Reeves Mais lecture hits the nail on the head for construction. Partner content
Communities
By National Federation of Builders
Rt Hon Rachel Reeves Mais lecture hits the nail on the head for construction.
Despite being the Conservative government’s strongest ally in their motivation to level up and enable growth, the construction industry has been plagued by political, policy, and taxation insecurity by a government which too often viewed stability as holding power.
Civil Servants In Talks With Left-Wing Think Tank To Prepare For Labour Government
Political parties
Civil Servants In Talks With Left-Wing Think Tank To Prepare For Labour Government
A leading left-wing think tank is meeting civil servants to discuss how the Labour Party would implement its key policies if it gets into government at the next general election.
Experts Say Government Plans For Public Spending Cuts Are 'Laughable'
Economy
Experts Say Government Plans For Public Spending Cuts Are "Laughable"
The "fictional" cuts to public spending that underpinned Jeremy Hunt's Spring Budget mean voters are not getting a true picture of the choices facing the next Government, experts have said.
Spring Budget Leaves Labour Facing Squeeze On Manifesto Plans
Economy
Spring Budget Leaves Labour Facing Squeeze On Manifesto Plans
Tight public finances after the next election could leave any potential Labour government forced to make significant decisions on taxation and borrowing to pursue its manifesto plans, after Wednesday's Budget saw chancellor Jeremy Hunt eat into the party's plans to raise revenue.
Lib Dems Are On Labour's Case To Make Water Companies Not-For-Profit Community Projects
Environment
Lib Dems Are On Labour's Case To Make Water Companies Not-For-Profit Community Projects
Former Liberal Democrat leader Tim Farron has urged Labour to “borrow” Lib Dem ideas on reforming water utility companies if Keir Starmer's party gets into government, including turning some businesses into not-for-profit, community run schemes.

Labour Clings On To Clean Power Pledge But Finally Kills £28bn Target
Political parties
Labour Clings On To Clean Power Pledge But Finally Kills £28bn Target
Labour has officially dropped the £28bn price tag for its Green Prosperity Plan after weeks of mixed messaging from party leadership over the cost, but has reaffirmed a commitment to set up a state owned energy company.
Lesser-Known Co-op Party Could Shape A “Key Pillar” Of Labour’s Economic Plans
Communities
Lesser-Known Co-op Party Could Shape A “Key Pillar” Of Labour’s Economic Plans
Co-operatives should be seen as a “key pillar” of Labour’s economic plans, Chair of the Co-operative Party and Labour shadow minister Jim McMahon has said.
Labour Is Making Its 'Slowest U-Turn' On £28bn Green Spending
Environment
Labour Is Making Its "Slowest U-Turn" On £28bn Green Spending
Labour insiders say the party has made a rod for its own back over the £28bn green spending pledge as a long internal debate over whether Keir Starmer should jettison the headline figure rumbles on.
Rishi Sunak's Economic Attacks On Labour Will Be 'Very Difficult To Pull Off'
Economy
Rishi Sunak's Economic Attacks On Labour Will Be "Very Difficult To Pull Off"
Prime Minister Rishi Sunak's claim that Labour lacks economic competence might prove a "very difficult" sell with voters who continue to associate him with the fiscal turmoil of his predecessor Liz Truss, according to a pollster.
Economist Says Labour Is Walking A Fiscal 'Tightrope' With Economic Offering
Economy
Economist Says Labour Is Walking A Fiscal "Tightrope" With Economic Offering
Rachel Reeves and Labour are walking a "very difficult tightrope" between fiscal discipline, and offering change come the general election, an economist has said, as her "iron clad" economic package has been welcomed by campaigners and party figures.
All Labour's Economic Pledges Announced By Shadow Chancellor Rachel Reeves
Economy
All Labour's Economic Pledges Announced By Shadow Chancellor Rachel Reeves
Shadow Chancellor Rachel Reeves announced a number of policies to a packed conference hall at Labour Conference in Liverpool, including introducing greater economic accountability for government and increasing stamp duty for overseas buyers.
Rachel Reeves Announces 'Iron-Clad' Labour Economic Package Underpinned By Accountability
Economy
Rachel Reeves Announces "Iron-Clad" Labour Economic Package Underpinned By Accountability
Shadow Chancellor Rachel Reeves has announced a package of measures that Labour would introduce to ensure future governments do not act irresponsibly with public finances.
Former Labour Treasury Minister Says 'Power Not Money' Is Needed For Change
Economy
Former Labour Treasury Minister Says "Power Not Money" Is Needed For Change
Former Treasury minister Liam Byrne has said that Labour leader Keir Starmer and Shadow Chancellor Rachel Reeves would have a “challenge” ahead to convince the electorate that life would be different under a Labour government, but that “power” would be more important than simply spending more money. 
Jeremy Hunt Promises Struggling Mortgage Holders Will Not Be Punished
Economy
Jeremy Hunt Promises Struggling Mortgage Holders Will Not Be Punished
Chancellor Jeremy Hunt has agreed with banks that struggling mortgage holders will not be punished if they need extra support from lenders in the current economic climate.
Jeremy Hunt Insists On 'Watertight' Resolve As Bank Of England Raises Interest Rates
Political parties
Jeremy Hunt Insists On "Watertight" Resolve As Bank Of England Raises Interest Rates
Chancellor Jeremy Hunt has backed the Bank of England's decision to raise interest rates to five percent in an effort to tackle inflation. "The lesson from other countries is that if you stick to your guns, you bring inflation down," he said.

Government Moving 'At Pace' To Help UK Businesses Hit By Silicon Valley Bank Collapse
Economy
Government Moving "At Pace" To Help UK Businesses Hit By Silicon Valley Bank Collapse
The Government is urgently working on plans to help businesses in the UK after the collapse of US-based Silicon Valley Bank, Chancellor Jeremy Hunt has said.
UK Economy Forecast To Shrink, Teachers Set To Strike, Labour Calls For Anti-Social Crime Crackdown
Economy
UK Economy Forecast To Shrink, Teachers Set To Strike, Labour Calls For Anti-Social Crime Crackdown
The UK is the only country in the developed world whose economy is expected to shrink next year, according to a new IMF report which has placed the blame on high energy prices and government spending rules.
James Cleverly Says Ministers' Tax Returns Should Be Confidential As Questions Pile Up Over Nadhim Zahawi
Economy
By John Johnston
James Cleverly Says Ministers' Tax Returns Should Be Confidential As Questions Pile Up Over Nadhim Zahawi
It is "right and proper" that the tax affairs of ministers are private, Foreign Secretary James Cleverly has said.
Jeremy Hunt Says 'We're All Going To Be Paying A Bit More Tax' Ahead Of Budget
Economy
Jeremy Hunt Says "We're All Going To Be Paying A Bit More Tax" Ahead Of Budget
The Chancellor has warned there are going to be "very difficult decisions" in next week's fiscal statement but insisted the UK was "resilient".
Labour's 'Green Growth' Plan Has Gone Down Well With The Party, Even If They Can't Properly Explain It
Economy
Labour's 'Green Growth' Plan Has Gone Down Well With The Party, Even If They Can't Properly Explain It
Labour has placed a "Green Growth" revolution to boost the economy and deliver energy security at the heart of its pitch for power at party conference in Liverpool this week, but those tasked with selling it on the doorstep worry business “jargon” could alienate voters.
Rachel Reeves Pitches Labour As Party Of Economic 'Responsibility' As Government Faces Pound Crisis
Economy
Rachel Reeves Pitches Labour As Party Of Economic "Responsibility" As Government Faces Pound Crisis
Shadow Chancellor Rachel Reeves has pitched Labour as the “party of economic responsibility” against a backdrop of fiscal chaos as the pound continued to collapse in the wake of Kwasi Kwarteng's sweeping tax cuts.

Balancing the books – what is Labour's economic offer to the UK?
Economy
By Chaminda Jayanetti
Balancing the books – what is Labour's economic offer to the UK?
As the cost of living crisis bites, Labour could enter government facing the most challenging set of economic circumstances for a generation. Chaminda Jayanetti explores the party’s offering as it heads towards the next election.
Labour Vows To End 'Morally Wrong' Higher Rates On Pre-Payment Energy Bills
Economy
Labour Vows To End "Morally Wrong" Higher Rates On Pre-Payment Energy Bills
Labour has pledged to end households with pre-payment meters having to pay a higher rate than direct debit customers, in the first of several cost-of-living policies that the opposition will roll out in the coming days.
Labour Is Finally Preparing To Unveil Cost-Of-Living Policy Proposals As Energy Crisis Escalates
Economy
Labour Is Finally Preparing To Unveil Cost-Of-Living Policy Proposals As Energy Crisis Escalates
Exclusive: Labour is preparing to make several policy announcements on the worsening cost-of-living crisis, with the first set to be detailed in a speech by Keir Starmer as soon as early next week.
Confusion Over Labour Policy On Rail Ownership As Shadow Cabinet At Odds
Political parties
Confusion Over Labour Policy On Rail Ownership As Shadow Cabinet At Odds
Conflicting statements from shadow cabinet members have thrown Labour’s current policy on rail ownership into confusion today, leaving it unclear as to whether Keir Starmer’s party backs nationalisation or not.
Rachel Reeves and Labour's shadow Treasury team: 'We behave like we’re in government'
Economy
By John Johnston
Rachel Reeves and Labour's shadow Treasury team: "We behave like we’re in government"
As Labour’s Treasury team scores wins in the Commons, John Johnston speaks to Rachel Reeves and her troops about the economic plans they hope will put them into government.
MPs Will Grill Rishi Sunak On Whether He’s Made The Right Call With Cost Of Living Crisis
Economy
MPs Will Grill Rishi Sunak On Whether He’s Made The Right Call With Cost Of Living Crisis
Rishi Sunak has ended this week with serious dents in his carefully polished personal brand after a series of punishing headlines questioned whether his Spring Statement offered enough support to households grappling with the cost of living crisis.
The Rundown Podcast: Is Rishi Sunak 'Playing Games' With The Cost Of Living Crisis?
Economy
The Rundown Podcast: Is Rishi Sunak "Playing Games" With The Cost Of Living Crisis?
On this week's episode of The Rundown – Labour shadow chancellor Rachel Reeves, the Institute for Fiscal Studies' Paul Johnson and Conservative chair of the treasury select committee Mel Stride join Alain Tolhurst and Noa Hoffman to discuss how Rishi Sunak's Spring Statement has landed and whether he's the tax-cutting Chancellor he says he is.
Rishi Sunak Accused Of Caring More About Elections Than Helping Fix The Cost Of Living Crisis
Economy
Rishi Sunak Accused Of Caring More About Elections Than Helping Fix The Cost Of Living Crisis
Labour's Rachel Reeves has accused the chancellor of caring more about the next election and personal ambition than helping people through the cost of living crisis.
Has Labour Finally Hit On A Winning Formula With Starmer’s New Top Team?
Home affairs
Has Labour Finally Hit On A Winning Formula With Starmer’s New Top Team?
Six weeks on from Keir Starmer’s “moderates and media performers” shadow cabinet reshuffle, where loyalists were replaced with better known faces, has the Labour leader finally hit on a winning formula?
Rishi Sunak Overhauls Business Rates And Universal Credit In His Autumn Budget
Economy
Rishi Sunak Overhauls Business Rates And Universal Credit In His Autumn Budget
Rishi Sunak has claimed the UK's economic recovery from the pandemic is faster than our "major competitors" as he sets out an Autumn Budget that he said included the highest departmental spending in a century.
Rishi Sunak Insists He Is A Low Tax Tory, But Won't Rule Out Further Rises
Economy
Rishi Sunak Insists He Is A Low Tax Tory, But Won't Rule Out Further Rises
Rishi Sunak said he is instinctively low tax, but refused to rule out further rises before the next general election.
Industry Leaders Doubt Government's 'Smoke And Mirrors' Army Plan Will Curb Fuel Crisis
Economy
Industry Leaders Doubt Government's 'Smoke And Mirrors' Army Plan Will Curb Fuel Crisis
The government's move to put the army on standby amid ongoing fuel shortages has been met with doubt from industry leaders, with one senior figure describing it as "PR" and "smoke and mirrors".
Shadow Chancellor Rachel Reeves Won Over Sceptics With Green Spending And Tax Reforms
Economy
Shadow Chancellor Rachel Reeves Won Over Sceptics With Green Spending And Tax Reforms
Shadow chancellor Rachel Reeves' multi-billion pound green spending promise and commitment to reforming the tax system won over sceptical Labour party members in what is being billed as a “refreshing” first conference speech.
Labour Says 2019 Voter Anger Has “Dissipated” In Hartlepool And Insist They Are “Back In The Game”
Political parties
Labour Says 2019 Voter Anger Has “Dissipated” In Hartlepool And Insist They Are “Back In The Game”
Labour figures have admitted the battle to keep Hartlepool red in Thursday’s by-election is on a knife edge as a damming poll shows the Conservatives way out in front.