William Hill shortens odds on Pat McFadden replacing Rachel Reeves June 11, 2025 William Hill has slashed its odds on senior government minister Pat McFadden replacing Rachel Reeves as Chancellor – down from 5/1 to 2/1. McFadden is currently Chancellor of the Duchy of Lancaster – the most senior minister in the Cabinet Office – and is a close confidante of PM Sir Keir Starmer, playing a major [...]
FTSE 100 flirts with record high but falters once more June 11, 2025 The FTSE 100 once more narrowly missed on a record closing high on Wednesday after faltering in the final moments of the trading session. The UK’s flagship index edged up 0.13 per cent to 8864.35p. This brought it just short of March’s record close of 8871.31p. Housebuilders topped the morning risers with Persimmon and Barratt [...]
Reeves will aim for optimism but reality paints a different picture June 11, 2025 Sky’s Sophy Ridge is a thoughtful and formidable interviewer, as Treasury Minister James Murray discovered on Monday evening. The Labour MP, who seems a decent sort of chap, was doing his best to defend his government’s screeching and humiliating u-turn on cuts to winter fuel payments, claiming – in the words of the Prime Minister [...]
Spending Review is a chance to escape managed decline – will Reeves take it? June 11, 2025 Instead of repeating the same lines we’ve heard at every Spending Review since the financial crash, Rachel Reeves should challenge fundamental assumptions about the role of the state, says Joe Hill Today the Chancellor will announce her first full Spending Review – allocating government budgets over the next three years. It’s a defining moment for [...]
Reeves vows to ‘renew’ Britain as Tories say it’s just ‘borrow and spend’ June 10, 2025 Rachel Reeves is expected to focus on regional growth as she unveils £113bn in capital investment as part of her Spending Review on Wednesday. The Chancellor will outline some of the government’s key priorities and will pledge investment aimed at ensuring “people can see a doctor when they need one, know that they are secure [...]
Government told migrant partners are a drag on UK finances June 10, 2025 UK government ministers have been warned that migrants who arrive on partner and family visas are likelier to have a negative impact on public finances and essential services, including the NHS. The independent Migration Advisory Committee (MAC) has told the government that the vast majority of people on partner visas will be “fiscally negative” over [...]
Fresh blow for Rachel Reeves as voters scorn growth plans June 10, 2025 A dwindling number of Brits have confidence that the government can deliver on its plans for economic growth, fresh polling has found, laying bare the scale of Rachel Reeves’ challenge to restore voter trust as she prepares to unveil the Spending Review on Wednesday. Just 22 per cent of Brits have some confidence in the [...]
Spending Review: Cuts to BBC put UK soft power at risk June 10, 2025 Spending review cuts to the BBC would erode the UK's soft power when it needs it most, writes Giles Kenningham.
Reeves’ central mission is in tatters June 10, 2025 The Chancellor is the least popular person in British politics and this week’s Spending Review is unlikely to turn things around for Rachel Reeves, says Matthew Lesh This month’s City AM / Freshwater Strategy Poll lays bare the Chancellor’s precarious position ahead of this week’s spending review. Rachel Reeves is personally the least popular figure in British [...]
London ‘left out’ of Reeves’ spending review June 9, 2025 London will find itself low on the chancellor’s agenda in the upcoming spending review, reports suggest. London Mayor Sadiq Khan has been lobbying for extending the DLR to Thamesmead, and the Bakerloo line to Lewisham. However, getting the requisite funding to grow the transport system is looking unlikely. Bringing the Bakerloo line further south is anticipated [...]