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Rachel Reeves

  • If you think this government is pro-business, let me sell you Tower Bridge

    April 9, 2025

    As the government continues to develop its response to Trump’s tariffs and the changing global economic order, the Prime Minister’s muddled thinking is troubling me. We now know that he wants to simultaneously “unleash” British business whilst “sheltering it from the storm,” like a parent who implores his child to “run, but not yet, and [...]

  • Trump tariffs: No10 resists calls for ‘buy British’ campaign

    April 8, 2025

    No10 has resisted calls for a “buy British” campaign in light of US tariffs, after the Chancellor slapped down the idea and suggested it could be a barrier to trade. Rachel Reeves warned against the UK becoming “inward looking” as she faced calls in the Commons to encourage the public to buy more British goods [...]

  • UK markets ‘functioning’ and banking system ‘resilient’, Reeves tells MPs

    April 8, 2025

    Chancellor Rachel Reeves has spoken in the House of Commons on the “current economic situation” in the wake of US President Donald Trump’s sweeping new global trade tariffs. Addressing MPs ahead of Treasury questions, Reeves said the “implications have been reflected in the reaction that we have seen in global markets in recent days, which [...]

  • Reeves held responsible as marginal growth expected

    April 8, 2025

    Chancellor Rachel Reeves has had to watch the UK economy trudge along since she took up residence at 11 Downing Street. But even more bad news has been forecast to come before another lot this summer, and potentially no better news later this year.  This Friday, the Office for National Statistics (ONS) is poised to [...]

  • Bank of England asks lenders about clients’ stability as Reeves brands system ‘resilient’

    April 8, 2025

    The Bank of England has asked lenders about their clients’ financial well-being after Trump’s tariff onslaught triggered chaos across financial markets. The central bank asked firms for information about market liquidity and whether any of their clients were having funding problems, according to the Financial Times. The Prudential Regulation Authority, which is responsible for the [...]

  • Reeves to meet US Treasury Secretary ‘shortly’ in trade deal race

    April 8, 2025

    Chancellor Rachel Reeves has said she plans to meet US Treasury secretary Scott Bessent as President Donald Trump is yet to offer allies any reprieve from his tariff policy.  The UK is facing ten per cent tariffs on its goods exports to the US, putting the government under pressure to agree a deal that protects [...]

  • If we want more entrepreneurs we should tax them less

    April 8, 2025

    Altogether, from the very first penny received from an employer to the very last penny passed down to one’s children, the tax on entrepreneurship can get up to 93.1 per cent, says John O’Connell In a speech she gave in January, the Chancellor declared that it is “businesses, investors and entrepreneurs who drive economic growth”, [...]

  • Private equity will leave London if the government doesn’t listen

    April 8, 2025

    Uncertainty over government plans to change the taxation of carried interest is driving privat equity away from London, says Edwin Richards Last week, some of the world’s biggest private equity firms urged the UK government to dilute proposed changes to the treatment of carried interest. But plenty are left wondering what this means in practice [...]

  • Tariffs: Starmer commits to fiscal rules and not raising income tax and VAT

    April 7, 2025

    Sir Keir Starmer has stressed his commitment to the government’s fiscal rules and reiterated he would not increase national insurance, VAT or income tax, despite Donald Trump’s tariffs upending government economic policy. The Prime Minister called for “cool heads” as global markets plunged in response to the US President’s sweeping global import taxes, and said [...]

  • Rachel Reeves approval rating one point above Trump with UK voters, poll finds

    April 7, 2025

    Rachel Reeves’ approval ratings have slumped since March leaving her just one point more popular than US President Donald Trump with UK voters, a poll has found. The Chancellor’s net approval ratings have declined by 12 points since delivering her Spring Statement last month, leaving Reeves at net -43, just one point above Trump on [...]

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