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Rachel Reeves

British politician (born 1979)

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Rachel Reeves: British politician (born 1979)
Rachel Jane Reeves is a British politician who has served as Chancellor of the Exchequer since July 2024. A member of the Labour Party, she has been Member of Parliament (MP) for Leeds West and Pudsey, formerly Leeds West, since 2010. She previously held various shadow ministerial and shadow cabinet portfolios between 2010 and 2015 and from 2020 to 2024.

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Rachel Reeves welcomes 'modest' economic growth [Video]

Rachel Reeves welcomes 'modest' economic growth

Rachel Reeves says news that the economy grew by 0.1% in November is "welcome, albeit modestly". The chancellor adds the latest Office for National Statistics figures show "we need to go further and..

Credit: ODN     Duration: 01:44Published
Reeves: Israel-Hamas ceasefire deal is welcome news [Video]

Reeves: Israel-Hamas ceasefire deal is welcome news

Rachel Reeves says news of a ceasefire agreement between Israel and Hamas is "welcome news". The chancellor adds that she now wants to see "all hostages released, a surge in aid into Gaza and work..

Credit: ODN     Duration: 00:21Published
Govt hails unexpected dip in inflation rate [Video]

Govt hails unexpected dip in inflation rate

The chief secretary to the Treasury has hailed an unexpected dip in inflation, but admits that the cost of living "is still a pressure for families across the country and there's more work to do"...

Credit: ODN     Duration: 01:33Published
Chancellor defends visit to China in Commons [Video]

Chancellor defends visit to China in Commons

Rachel Reeves has defended her decision to visit China over the weekend and accuses the Conservatives of "not wanting to engage with the second largest economy in the world". The chancellor adds that..

Credit: ODN     Duration: 01:21Published
Conservatives: Reeves must urgently get a grip on economy [Video]

Conservatives: Reeves must urgently get a grip on economy

The shadow financial secretary to the Treasury has called on Chancellor Rachel Reeves to "urgently get a grip" on the economy amid the current financial market turmoil. Gareth Davies adds high interest..

Credit: ODN     Duration: 01:55Published
Ministers arrive for cabinet meeting amid market turmoil [Video]

Ministers arrive for cabinet meeting amid market turmoil

Government ministers arrive at 10 Downing Street for a weekly cabinet meeting, as pressure grows on Chancellor Rachel Reeves over the turbulent financial markets. Report by Brooksl. Like us on Facebook..

Credit: ODN     Duration: 02:47Published
Reeves defends fiscal rules during China visit [Video]

Reeves defends fiscal rules during China visit

Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets. Visiting bicycle-maker Brompton’s flagship..

Credit: ODN     Duration: 01:22Published
Chancellor Reeves criticised over economic stagnation [Video]

Chancellor Reeves criticised over economic stagnation

Shadow Business Minister Dame Harriett Baldwin has criticised Chancellor Rachel Reeves for stalling UK growth. Baldwin claims Reeves' recent budget increased spending and taxes significantly, leading..

Credit: ODN     Duration: 01:26Published
State schools to get boost as private school tax break ends [Video]

State schools to get boost as private school tax break ends

State schools will get “every penny” of extra funding from ending the VAT tax break on private school fees, which comes into effect from the 1 January 2025. Chancellor Rachel Reeves defended the..

Credit: ODN     Duration: 00:54Published
Griffith: Inflation figures show Reeves must change course [Video]

Griffith: Inflation figures show Reeves must change course

The shadow business secretary has called on Chancellor Rachel Reeves to "change course quickly", after new ONS figures show inflation increased to 2.6% in November. Andrew Griffith adds all the major..

Credit: ODN     Duration: 01:00Published
Reeves: Inflation remains in line with international peers [Video]

Reeves: Inflation remains in line with international peers

Rachel Reeves says the UK's latest inflation figures are "broadly in line with our international peers", despite rising to its highest level since March. The chancellor adds, "I recognise the cost of..

Credit: ODN     Duration: 00:42Published
Reeves: I understand why Waspi campaigners are disappointed [Video]

Reeves: I understand why Waspi campaigners are disappointed

Rachel Reeves says she can understand why women affected by changes to the state pension age will feel "disappointed", but adds that paying an "expensive compensation bill" was not the best use of..

Credit: ODN     Duration: 00:38Published
Reeves 'disappointed' by UK economy unexpectedly shrinking [Video]

Reeves 'disappointed' by UK economy unexpectedly shrinking

The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show. Chancellor Rachel Reeves said she was..

Credit: ODN     Duration: 00:47Published
Atkins slams Labour and seeks support to axe family farm tax [Video]

Atkins slams Labour and seeks support to axe family farm tax

Shadow Environment Secretary Victoria Atkins criticises Labour's time in office so far as she calls for the party's MPs to join her in a vote to axe the family fam tax proposed as part of Rachel..

Credit: ODN     Duration: 00:55Published
Chancellor vows support for car industry in EV shift [Video]

Chancellor vows support for car industry in EV shift

The Chancellor has pledged “proper support” for the car industry as the Government phases out new petrol and diesel vehicle sales by 2030. Rachel Reeves confirmed a consultation is underway to..

Credit: ODN     Duration: 00:57Published
Rachel Reeves to decide stance on assisted dying bill [Video]

Rachel Reeves to decide stance on assisted dying bill

Rachel Reeves said she would study proposals for assisted dying in the coming days, and believed there was enough time for scrutiny of the legislation. She said: “Like all MPs, I need to study the..

Credit: ODN     Duration: 00:22Published

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Chancellor to join celebs and world leaders in Davos to drum up support for UK

chancellor to join celebs and world leaders in davos to drum up support for ukChancellor Rachel Reeves will travel to the World Economic Forum (WEF) in Davos this week to court potential investors in UK growth projects, joining hundreds of political and economic leaders..
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Good news on inflation could be quickly erased by tax rises and Trump turbulence ahead

good news on inflation could be quickly erased by tax rises and trump turbulence aheadA fall in December's CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to Rachel Reeves.
Sky News - Published

Chancellor accused of refusing to 'face up to her own failures' amid market turmoil

chancellor accused of refusing to 'face up to her own failures' amid market turmoilChancellor Rachel Reeves has been accused of refusing to "face up to her own failures" by "jetting off to Beijing" during a week of market turmoil.
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Starmer refuses to guarantee Reeves will still be chancellor at next election

starmer refuses to guarantee reeves will still be chancellor at next electionSir Keir Starmer has refused to guarantee Rachel Reeves will still be chancellor by the next general election.
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Chancellor facing 'pressure', but 'people should give her time', says top cabinet minister

chancellor facing 'pressure', but 'people should give her time', says top cabinet ministerThe health secretary has said that the cabinet is aware of the "pressure" on Chancellor Rachel Reeves amid volatile markets and a challenging broader economic picture - but appealed for the public to..
Sky News - Published

The chancellor's gamble with China: What price is Rachel Reeves willing to pay for closer trading ties?

the chancellor's gamble with china: what price is rachel reeves willing to pay for closer trading ties?Given gilt yields are rising, the pound is falling and, all things considered, markets look pretty hairy back in the UK, it's quite likely Rachel Reeves' trip to China gets overshadowed by noises off.
Sky News - Published

What's going on in the markets and should we be worried?

what's going on in the markets and should we be worried?The chancellor is under pressure because financial market moves have pushed up the cost of government borrowing, putting Rachel Reeves' economic plans in peril.
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Plenty of concern about UK economy but this isn't a Liz Truss moment

plenty of concern about uk economy but this isn't a liz truss momentHow worried should Rachel Reeves be about the fact that the interest rates on government bonds have leapt to the highest level in more than a quarter of a century?
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Chancellor on course to tighten Whitehall budgets further due to worsening economic outlook

chancellor on course to tighten whitehall budgets further due to worsening economic outlookRachel Reeves is on course to tighten Whitehall public service budgets further than expected in the spending review because of the worsening economic outlook, Sky News can reveal.
Sky News - Published

Bank of England governor to join Reeves on key China visit

bank of england governor to join reeves on key china visitAndrew Bailey, the Bank of England governor, will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between the two countries.
Sky News - Published

High street giants plot new warning to Treasury over retail jobs

high street giants plot new warning to treasury over retail jobsRetail giants including Asda, Marks & Spencer, Primark and Tesco will mount a new year campaign to warn Rachel Reeves that plans to hike business rates on larger shops will put jobs and stores under..
Sky News - Published

Rachel Reeves says most Waspi women knew pension age was changing so compensation not needed

rachel reeves says most waspi women knew pension age was changing so compensation not neededChancellor Rachel Reeves has said most Waspi women knew the state pension age was changing so it was not "the best use of taxpayers' money to pay an expensive compensation bill".
Sky News - Published

Rachel Reeves targets 'wasteful spending' as departments challenged to find 5% savings

rachel reeves targets 'wasteful spending' as departments challenged to find 5% savingsRachel Reeves has said she is "determined" government departments will find 5% savings through a crackdown on "wasteful spending".
Sky News - Published

'Very symbolic and important' first meeting of chancellor and EU finance ministers since Brexit

'very symbolic and important' first meeting of chancellor and eu finance ministers since brexitChancellor Rachel Reeves has said she is "overwhelmed" by the response to the UK's first attendance at an EU finance ministers' meeting since Brexit.
Sky News - Published

Government to look into electric vehicle target mandate after Vauxhall van factory closure

government to look into electric vehicle target mandate after vauxhall van factory closureThe government will look into rules on the number of electric vehicles carmakers must produce each year, Rachel Reeves has announced.
Sky News - Published

Airports join budget backlash with warning of business rates 'catastrophe'

airports join budget backlash with warning of business rates 'catastrophe'Britain's biggest airports are joining the growing private sector backlash against Rachel Reeves's budget, warning that a £1bn business rates bill for the industry will trigger the cancellation of..
Sky News - Published

Rachel Reeves promises she will not raise taxes again

rachel reeves promises she will not raise taxes againThere will be no more tax rises or borrowing for the duration of this government's term, Chancellor Rachel Reeves has said.
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Starmer 'absolutely' confident in chancellor after rows with farmers, pensioners, and employers

starmer 'absolutely' confident in chancellor after rows with farmers, pensioners, and employersSir Keir Starmer has said he is "absolutely" still confident in Chancellor Rachel Reeves after her financial plans sparked rows with pensioners, farmers and employers.
Sky News - Published

Chancellor vows to rip up financial red tape - saying post-crash rules went 'too far'

Chancellor Rachel Reeves has criticised post-financial crash regulation, saying it has "gone too far" - setting a course for cutting red tape in her first speech to Britain's most important gathering..
Sky News - Published

Hospitality chiefs warn Reeves of carnage over Budget tax hikes

hospitality chiefs warn reeves of carnage over budget tax hikesRachel Reeves will this weekend be told by some of Britain's biggest hospitality groups that the tax hikes imposed in last month's Budget risk triggering a tsunami of job losses across the sector.
Sky News - Published

UK will make 'strong representations' to Trump about tariff plans, Reeves says

uk will make 'strong representations' to trump about tariff plans, reeves saysRachel Reeves has said she is "confident" trade flows with the United States will continue under President-elect Donald Trump despite his proposal to put up tariffs.
Sky News - Published

Chancellor admits she was 'wrong' to say higher taxes not needed during election

Rachel Reeves has admitted she was "wrong" to say higher taxes were not needed during the election campaign - but businesses will have to make less money or pay staff less to cover their tax increase.
Sky News - Published

Rachel Reeves avoids Liz Truss moment as markets stabilise

rachel reeves avoids liz truss moment as markets stabiliseUK markets stabilised on Friday, offering some reassurance to Rachel Reeves as investors, policy makers and business continued to absorb the scale and implications of her first budget.
Sky News - Published

NHS must 'live within that budget' says chancellor after GPs raise concerns over national insurance increase

nhs must 'live within that budget' says chancellor after gps raise concerns over national insurance increaseChancellor Rachel Reeves has said the NHS must "live within that budget" given to them - despite concerns being raised by GP surgeries over the increase to employers' national insurance contributions.
Sky News - Published

'Catastrophic': Food prices could rise due to farm inheritance tax change, farmers warn

'catastrophic': food prices could rise due to farm inheritance tax change, farmers warnRachel Reeves' changes to agricultural inheritance tax could lead to food price rises and will have a "catastrophic" impact on family farms, farmers have warned.
Sky News - Published

Reeves eyes new year trip to China to bolster trade ties

reeves eyes new year trip to china to bolster trade tiesRachel Reeves, the chancellor, is drawing up plans for a visit to China early next year that would include resuming a key financial services trade summit for the first time since 2019.
Sky News - Published

Chancellor promises to bring investment to Britain to boost living standards

chancellor promises to bring investment to britain to boost living standardsRachel Reeves has said her ambition is for the UK to be "the best place to start and grow a business" as she promised Labour will bring investment to Britain.
Sky News - Published

Labour will not return to austerity, says chancellor

labour will not return to austerity, says chancellorRachel Reeves will pledge there will be "no return" to austerity under a Labour government as it continues to come under criticism in the row over donations.
Sky News - Published

Chancellor signals first budget will be painful mix of spending cuts, tax rises and higher borrowing

chancellor signals first budget will be painful mix of spending cuts, tax rises and higher borrowingChancellor Rachel Reeves has signalled her first budget as chancellor could be a painful mix of spending cuts, tax rises and increased borrowing.
Sky News - Published

Government 'picking pockets of pensioners' by cutting winter fuel payments, says union boss

government 'picking pockets of pensioners' by cutting winter fuel payments, says union bossFirebrand union leader Sharon Graham has told Sky News that Chancellor Rachel Reeves is guilty of "picking the pockets of pensioners" by cutting winter fuel payments. 
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Green Party to demand wealth tax to 'defend public services'

green party to demand wealth tax to 'defend public services'The Green Party will demand the government introduces a wealth tax when Chancellor Rachel Reeves delivers her first budget next month.
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Chancellor urged to impose 'pay-per-mile' scheme on electric cars

chancellor urged to impose 'pay-per-mile' scheme on electric carsChancellor Rachel Reeves has been urged to impose a pay-per-mile scheme on British drivers to avoid a "black hole" from lost fuel duty revenue.
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'Laughable' for Reeves to claim she didn't know true state of the public finances

It is "laughable" for Rachel Reeves to claim she didn't know the full state of the public finances until she took office, Ruth Davidson has said.
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Which tax rises could Labour introduce in autumn budget?

which tax rises could labour introduce in autumn budget?Tax rises will likely be announced in the autumn budget, chancellor Rachel Reeves has admitted.
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'He lied': Rachel Reeves claims Jeremy Hunt 'covered up true state' of UK's finances

'he lied': rachel reeves claims jeremy hunt 'covered up true state' of uk's financesThe chancellor has accused her predecessor Jeremy Hunt of deliberately covering up the truth about the state of the UK's finances.
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Make no mistake, the chancellor's statement is not the worst of what she will have to announce

Rachel Reeves' statement on Monday was about using the past to justify the future: marking the most significant deviation from the platform for government which Labour spent months preparing and..
Sky News - Published

Rachel Reeves hints at tax rises in autumn budget

rachel reeves hints at tax rises in autumn budgetRachel Reeves has strongly hinted there will be tax rises in the autumn budget as she promised to be "honest" about "difficult" decisions that lie ahead.
Sky News - Published

The chancellor's key funding gap accusations and what she plans to do

the chancellor's key funding gap accusations and what she plans to doRachel Reeves has accused her predecessor of hiding a "£22bn funding gap" for the current financial year, as she announced a series of "tough decisions" to compensate.
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Rachel Reeves announces first Labour government budget date

The first budget under the new government will take place on 30 October, Rachel Reeves has announced.
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Rachel Reeves scraps some winter fuel payments as she reveals cuts

Chancellor Rachel Reeves has scrapped some winter fuel payments - along with a raft of other government programmes and policies to plug a projected government overspend of £22bn.
Sky News - Published

Chancellor to signal cost-cutting steps as she accuses Tories of fiscal 'cover up'

chancellor to signal cost-cutting steps as she accuses tories of fiscal 'cover up'Rachel Reeves will signal Labour's plans to cut government departments and the Civil Service as the new administration looks to accuse Rishi Sunak of "covering up" problems with the economy.
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Chancellor pledges to 'fix' economy - as expert says 'black hole' matches Tory tax cuts

chancellor pledges to 'fix' economy - as expert says 'black hole' matches tory tax cutsChancellor Rachel Reeves has promised to "fix" the "mess" the Conservative government left in the economy, amid reports of a £20bn "black hole" in the public finances.
Sky News - Published

The Casablanca chancellor has boxed herself in on filling the black hole in public finances

the casablanca chancellor has boxed herself in on filling the black hole in public financesRachel Reeves will echo one of the great cameos in cinema history on Monday, when she updates Parliament on the findings of a Treasury audit of the public finances.
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Chancellor announces mandatory housing targets and end to onshore wind ban to 'get Britain building again'

Chancellor Rachel Reeves has announced mandatory housing targets and an end to the onshore wind ban to get "Britain building again".
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'Working people are people who go out to work,' says Labour's Rachel Reeves

Labour's shadow chancellor has said "working people are people who go out to work" after the party has repeatedly said it would not raise taxes for "working people".
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Rachel Reeves' Tory manifesto mortgage claim 'very speculative', warns Full Fact

A claim made by Rachel Reeves that the Tory manifesto would increase mortgages by over £4,000 is "very speculative" and based on "multiple assumptions", a leading charity has said.
Sky News - Published

Reeves refuses to rule out further tax rises if Labour finds black hole in public finances post-election

Rachel Reeves has refused to rule out tax rises beyond income tax, national insurance and corporation tax if Labour finds a black hole in the public finances once it enters government.
Sky News - Published

Labour will be 'pro-worker and pro-business' - Reeves makes pitch to be next chancellor

Labour will be both "pro-worker and pro-business" if it wins the general election, Rachel Reeves will pledge on Tuesday.
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Who is the Tory MP that backed Liz Truss for PM but has now defected to Labour?

It has been fewer than two years since Labour's shadow chancellor Rachel Reeves told Tory MP Natalie Elphicke to "f*** off" for criticising Marcus Rashford at the Euros. Now they are colleagues.
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It's hard to see a dramatic change from Tory policy in Rachel Reeves's rite of passage speech

The Mais lecture has become a kind of rite of passage for all aspirant chancellors.
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