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      Diesel crisis: UK minister holds emergency talks with US Energy Secretary

      Miatta Fahnbulleh, CEO of New Economics Foundation, looking thoughtful during discussions on diesel prices.

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      Manchester City appointed new CFO just days before Premier League guilty verdict

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      ‘The world of Cat TV is more cut throat than you would ever imagine’ – inside the strange business of TV… for cats

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Rachel Reeves

  • Spring Statement 2025 should be Reeves’ last

    March 26, 2025

    If there’s one lesson Keir Starmer should learn from Liz Truss, it’s that he should sack his Chancellor Rachel Reeves, says Alys Denby With living standards clobbered by an emergency Budget hastily cobbled together as market forces react against government policy, the spectre of Liz Truss haunted the Spring Statement in more ways than one. [...]

  • Some UK visa and passport fees set to double from April

    March 26, 2025

    The above-inflation increases in visa and passport fees announced in the Spring Budget have been described as “deeply disappointing.” Visitors to the UK will face a seven per cent increase for immigration and passport fees, the government has revealed. Companies also face a more than doubling in the cost of bringing in skilled overseas workers, [...]

  • Spring Statement 2025: City praises potential ISA reforms

    March 26, 2025

    Chancellor Rachel Reeves confirmed in the Spring Statement that reforms to Individual Savings Accounts (ISAs) are on the horizon, a statement that has been welcomed by the investment industry in the City of London. “The government is looking at options for reforms to Individual Savings Accounts that get the balance right between cash and equities [...]

  • Small businesses let down by Spring Statement

    March 26, 2025

    Chancellor Rachel Reeves delivered the Spring Statement today, promising stability but offering little relief for small businesses (SMEs) struggling with rising costs. Businesses in the sector said they were at “breaking point” ahead of today’s announcement, with one in five SME business owners saying they have been forced out of business within a year, citing [...]

  • Spring Statement 2025: Reeves clamping down on tax evasion

    March 26, 2025

    The Chancellor plans to raise over £1bn in additional gross tax revenue, as her Spring Statement singled out tax evaders

  • Spring Statement 2025: Markets ‘shrug off’ speech as gilt sales revised lower

    March 26, 2025

    The Debt Management Office (DMO) said it was planning £299bn of gilt sales in 2025 to 2026, slightly below the £302bn initially expected despite the government’s borrowing plans. However, this still marked the most extensive package since the pandemic. The DMO said it would issue the smallest selection of long-maturity gilts in its 27-year history [...]

  • Spring Statement 2025: Reeves bets big on AI and tech

    March 26, 2025

    Chancellor Rachel Reeves delivered her first Spring Statement on Wednesday, setting out an economic plan that could have major implications for the UK’s tech sector as she pivots towards AI. With billions in government cuts, a fresh push for AI-driven efficiencies, and no new tax hikes, the statement signalled a shift towards automation as a [...]

  • Spring Statement 2025: OBR slashes growth forecast

    March 26, 2025

    The Office for Budget Responsibility (OBR) has slashed its growth forecast in half to one per cent as Chancellor Rachel Reeves said she was “not happy” about the revised figures.  Reeves has insisted that high growth is key to Labour’s mission in government, while Prime Minister Keir Starmer has previously suggested that it is aiming for a rate [...]

  • Spring Statement 2025: New growth board to oversee Britain’s defence push

    March 26, 2025

    Chancellor Rachel Reeves has revealed further details of plans to boost Britain’s defence industry, including reforms of the procurement system and the appointment of a new oversight board. The government had already announced an extra £2.2bn will be plugged into the military amid concerns over US President Donald Trump’s commitment to European defence. Speaking in [...]

  • Spring Statement 2025: Reeves makes further cuts to Universal Credit

    March 26, 2025

    Further cuts will be made to Britain’s welfare bill – but only save the government £3.4bn rather than the £5bn originally thought – Rachel Reeves has announced in the Spring Statement. The Chancellor has confirmed there will be further reductions to the cost of benefits, and to government spending, after the Office for Budget Responsibility [...]

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