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Rachel Reeves

  • Businesses brace for more layoffs as redundancy warnings climb to post-Pandemic high

    May 22, 2026

    Last year emerged as the most severe year for redundancy warnings since the height of the Covid pandemic, and early 2026 is already accelerating that trend. According to new data from the Liquidation Centre, sourced via an FOI, 2025 was the most severe year for redundancy warnings since 2020, with 315,605 jobs flagged for potential [...]

  • Rachel Reeves oversees borrowing spike as benefits spending offsets tax haul

    May 22, 2026

    Rachel Reeves oversaw a surge in borrowing in the first month of the financial year as April’s figures hit the highest since 2020 on higher benefit spend. Government borrowing – which marks the difference between total public sector spending and income – topped £24.3bn in April 2026, according to the Office for National Statistics (ONS). [...]

  • Reeves food tariffs policy will ‘barely touch the sides’ on supermarket prices

    May 21, 2026

    Food manufacturers and retailers have slammed Rachel Reeves’ cost of living measures, claiming the government’s loosening of food tariffs will do little to help supermarkets to cut prices. The Chancellor urged supermarkets to pass on savings from the stripped tariffs to shoppers “in full,” but retailers fear this measure will “barely touch the sides,” City [...]

  • Reeves unveils ‘Great British Summer Savings’ at cost to energy giants

    May 21, 2026

    Chancellor Rachel Reeves has unveil edthe government’s “Great British Summer Savings” campaign, committing hundreds of millions of pounds to lower costs for families by taxing energy companies more.  Under a new price adjustment set by the government, children aged five to 15 will be able to travel free on participating local bus services across England from [...]

  • As it happened: Stocks jittery as Iran war drags on; Reeves unveil cost-of-living package

    May 21, 2026

    Welcome back to the City AM liveblog. Donald Trump has warned Iran there are two options that could see the US finishing the war in Iran, with one that will “see a few people killed as opposed to a lot”. He added: “We could do it either way.” It’s the latest threat from the White [...]

  • Burnham’s ‘neoliberalism’ critique is just Thatcher karaoke

    May 21, 2026

    The British economy today is a million miles away from “neoliberalism”, even if we lack a catchy name to describe what has replaced it, says Kristian Niemietz For some countries, we have well-developed national stereotypes and associations. Everyone has an idea in their mind of what counts as “typically French”, “typically Italian” or “typically German”. [...]

  • New HS2 budget to blow £33bn hole in public finances

    May 21, 2026

    The government will need to find as much as £33bn in additional cash from tax and spending measures or from other departments to fund its revamped plans to deliver HS2. According to a City AM analysis, the Department for Transport’s updated proposals for the rail line require between £18bn and £33bn of additional public money [...]

  • London leads European investment despite wider UK decline

    May 21, 2026

    London retained its crown as the most attractive destination in Europe for foreign direct investment last year, despite a fall in UK projects and overall numbers across the continent tumbling. Greater London outperformed both the wider UK and Europe by recording a five per cent year on year increase in foreign direct investment (FDI) projects [...]

  • Top Bank of England officials warn Reeves against supermarket price cap

    May 20, 2026

    Senior Bank of England officials have warned that price controls on essential goods are not an effective long-term tool to lower the cost of living, after it emerged the Treasury was pushing supermarkets to commit to cap prices of consumer staples. Speaking at a Treasury Committee appearance, governor Andrew Bailey told MPs that controlling the [...]

  • Wes Streeting urges Labour to help youth ‘as an emergency’ 

    May 20, 2026

    Wes Streeting has called on the government to support young people “as an emergency” in a resignation speech that accused Sir Keir Starmer of leading a losing battle against Reform UK.  Streeting said he supported Chancellor Rachel Reeves’ economic agenda before the Iran war broke out and upended policy-making, though he suggested the Labour leadership [...]

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