Category: Rachel Reeves

Reeves mulls deeper cuts to public services as borrowing costs soar

Chancellor could slash departmental spending in spring after ruling out tax increase, officials revealRachel Reeves is considering imposing steeper cuts to public services to repair the government’s finances after a...

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Reeves’ fiscal rules non-negotiable in face of bond sell-off, deputy tells MPs

Treasury chief secretary responds to urgent question in Commons as market turmoil hits poundRachel Reeves will not not break her promise only to borrow money for investment, even as gilt yields rose to their highest levels since...

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Living standards 2025 outlook ‘hardly cause for celebration’, says UK thinktank

Household incomes to stagnate or fall but will be offset by better public services, says Resolution FoundationHousehold incomes will stagnate or fall next year but the chancellor, Rachel Reeves, will be hoping people feel better...

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