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Rachel Reeves MP

Rachel Reeves MP

@RachelReevesMP

Labour MP for Leeds West and Shadow Chancellor of the Duchy of Lancaster

There Could be 'Significant' Tax Rises At The Next Budget, Says Leading Economist
Economy
There Could be "Significant" Tax Rises At The Next Budget, Says Leading Economist
Paul Johnson, director at the Institute for Fiscal Studies, has said there is "more than a 50/50 chance" of tax rises in the Autumn following next week's Spending Review, adding that they could be "significant".
The Rundown Podcast: How Do Spending Reviews Work?
Economy
The Rundown Podcast: How Do Spending Reviews Work?
With Rachel Reeves finalising her comprehensive spending review next Wednesday, this week The Rundown is looking at what exactly it is and how the process works, going inside the battles between the Treasury and Whitehall departments on spending plans for the coming years, looking back at previous reviews and seeing what can be learnt ahead of the Chancellor’s big speech, and what it will say about this government’s priorities over the course of the Parliament.
I cannot support welfare reform on the backs of the most vulnerable
Economy
By Cat Eccles MP
I cannot support welfare reform on the backs of the most vulnerable
There is no denying that the benefits system in the UK is broken. I campaigned on a manifesto promising to reform welfare and make the system fairer and easier to navigate.
Trump’s Tariffs Are A “Profound” Challenge And “Not A Passing Phase”, Says PM
Economy
Trump’s Tariffs Are A “Profound” Challenge And “Not A Passing Phase”, Says PM
Prime Minister Keir Starmer has warned that Britain is in a "changing and completely new world" after Donald Trump's tariffs on countries including the UK sparked global economic panic.
Treasury orthodoxy isn’t the answer
Economy
By Jonathan Hinder MP
Treasury orthodoxy isn’t the answer
Our Osbornian overlord has spoken, and we must comply. That was the clear impression from the tweaks we saw at the Spring Statement.
Trump's 'Liberation Day' Tariffs Could 'Knock Out All' Of Rachel Reeves' Headroom
Economy
Trump's 'Liberation Day' Tariffs Could "Knock Out All" Of Rachel Reeves' Headroom
Donald Trump's plan to impose tariffs on goods entering the US from the UK could "knock out" all of the government's fiscal headroom, the Office for Budget Responsibility said on Tuesday.
The Spring Statement Demonstrated The Wrong Way To Make Policy
Economy
The Spring Statement Demonstrated The Wrong Way To Make Policy
The Chancellor's unwavering commitment to her fiscal rules is understandable. But the Spring Statement didn't need to happen like this, argues the Institute for Government's Thomas Pope
Spending cuts today only store up problems for tomorrow
Economy
By Dr George Dibb
Spending cuts today only store up problems for tomorrow
Rachel Reeves was right to say that the world is changing before our eyes. The government should respond by changing its economic policy.
Welfare Cuts Will Push 250,000 People Into Poverty, Says Government Impact Assessment
Economy
Welfare Cuts Will Push 250,000 People Into Poverty, Says Government Impact Assessment
Labour’s welfare reforms will see an additional 250,000 people – including 50,000 children – pushed into relative poverty, government analysis has found.
Trade Union Leader Questions Role Of OBR After Rachel Reeves Spring Statement
Economy
Trade Union Leader Questions Role Of OBR After Rachel Reeves Spring Statement
Union leader Paul Nowak has questioned the role of the independent Office for Budget Responsibility following Chancellor Rachel Reeves' Spring Statement, saying long-term government decisions should not be based on "short-term changes in forecasts".
Planning Reforms Have Boosted Growth Forecasts, Says Rachel Reeves
Economy
Planning Reforms Have Boosted Growth Forecasts, Says Rachel Reeves
Chancellor Rachel Reeves has said that the Labour government’s planning reforms are expected to permanently increase the level of growth in the UK economy.
Labour MPs want to see an end to Conservative austerity
Economy
By Andy McDonald MP
Labour MPs want to see an end to Conservative austerity
Austerity is synonymous with the decline in public services, stagnation of incomes and fall in living standards we saw over 14 years of Conservative government.
Labour austerity will cost us dearly at the ballot box
Health
By Diane Abbott MP
Labour austerity will cost us dearly at the ballot box
Nobody would have guessed when he was running for the leadership of the Labour Party that, within months of actually becoming Prime Minister, Keir Starmer would be calling for £5bn cuts in the welfare budget, in particular payments to the disabled.
Labour MPs Remain Nervous About Welfare Cuts Despite No 10 Outreach
Economy
Labour MPs Remain Nervous About Welfare Cuts Despite No 10 Outreach
Labour MPs across the party remain sceptical over the expected cuts to benefits after No 10 began an intensive 48-hour stint of roundtable discussions to shore up support.
The economy isn't all doom and gloom
Economy
By Praful Nargund
The economy isn't all doom and gloom
Our research shows that the business community is not as deflated as the narrative suggests. But the government must do more when it comes to smaller enterprises.
Labour MPs Raise Alarm Over Benefit Cuts
Economy
Labour MPs Raise Alarm Over Benefit Cuts
There is growing uneasiness among Labour MPs about the prospect of welfare cuts.
Over Three Quarters Of Universal Credit Recipients Go Without Essentials, Poll Shows
Economy
Over Three Quarters Of Universal Credit Recipients Go Without Essentials, Poll Shows
Over three quarters of benefits recipients have gone without essentials in the last six months, according to polling shared exclusively with PoliticsHome.
'Good Chance' There'll Be Tax Rises To Fund Defence Spending Rise, Says Leading Economist
Defence
"Good Chance" There'll Be Tax Rises To Fund Defence Spending Rise, Says Leading Economist
Leading economist Paul Johnson believes "there's a good chance we'll have more tax rises" if Keir Starmer decides to significantly raise defence spending.
'The books I wish I had written': Steve Baker reviews 'Return to Growth'
Books & culture
By Steve Baker
'The books I wish I had written': Steve Baker reviews 'Return to Growth'
An intellectually heavyweight yet accessible treatise on how to fix the economy, Lord Moynihan does us a profound service in serving up some unpalatable truths with clear, actionable policy proposals
Former Islington Labour Candidate Wants To Test Public's 'Red Lines' Of Closeness With Europe
Economy
Former Islington Labour Candidate Wants To Test Public's "Red Lines" Of Closeness With Europe
Praful Nargund, a former Labour candidate and director of a new think tank, has said his new organisation will test where the UK public's “red lines” are for closer cooperation with Europe.
Labour Figures Come Out Against Chancellor's 'Environmentally Illiterate' Plans
Environment
Labour Figures Come Out Against Chancellor's 'Environmentally Illiterate' Plans
Multiple Labour figures have come out against Chancellor Rachel Reeves after she announced support for a third runway at Heathrow Airport and reducing environmental requirements placed on developers.
Rachel Reeves Backs Heathrow Expansion In Major Economic Growth Speech
Economy
By Tom Scotson
Rachel Reeves Backs Heathrow Expansion In Major Economic Growth Speech
Chancellor Rachel Reeves confirmed the government’s commitment to building a third runway at Heathrow airport, after she claimed the project would increase growth, investment and exports.
Reeves can tunnel to a growth victory with a new Lower Thames Crossing
Economy
By Jim Dickson MP
Reeves can tunnel to a growth victory with a new Lower Thames Crossing
“The first thing you need to do is sort the Dartford Crossing” were the first words I’d hear door-knocking during the campaign.
Improving Paternity Leave Provisions ‘Could Boost The Economy By £2.6bn’
Economy
Improving Paternity Leave Provisions ‘Could Boost The Economy By £2.6bn’
Exclusive: Expanding the statutory level of paternity leave for fathers could deliver £2.6bn of long-term growth to the UK economy, according to new research.
Heathrow Third Runway Must Not Undermine UK’s Net Zero Goals, Transport Committee Chair Says
Transport
Heathrow Third Runway Must Not Undermine UK’s Net Zero Goals, Transport Committee Chair Says
The Transport Committee Chair has said the government must not undermine or “lose sight” of the UK's Net Zero commitments if it gives the green light to a third runway at Heathrow airport.
Labour MPs Warn Rachel Reeves Welfare Cuts Would Be 'Utterly Disastrous'
Economy
Labour MPs Warn Rachel Reeves Welfare Cuts Would Be "Utterly Disastrous"
The government faces a backlash from Labour MPs if it decides to cut spending in areas like welfare in response to recent rises in borrowing costs.
Treasury Minister Tulip Siddiq Resigns
Economy
Treasury Minister Tulip Siddiq Resigns
Tulip Siddiq has resigned as economic secretary to the Treasury, saying the controversy over her family finances is becoming a "distraction" from the work of government.
Keir Starmer Says Government Will 'Absolutely' Stick To Its Fiscal Rules As Borrowing Costs Rise
Economy
Keir Starmer Says Government Will "Absolutely" Stick To Its Fiscal Rules As Borrowing Costs Rise
Keir Starmer has confirmed that the government will "absolutely" stick to its fiscal rules, even if that means making "ruthless" decisions on the economy.
Market Moves Will Put Pressure On Rachel Reeves To Hold Spring Budget, Says Leading Economist
Economy
Market Moves Will Put Pressure On Rachel Reeves To Hold Spring Budget, Says Leading Economist
Movements in the markets will put "pressure" on Rachel Reeves to deliver a major fiscal event in the spring, despite the chancellor having committed to just one a year, leading economist Paul Johnson has said.
The Fiscal Triangle: How The Treasury Decides What To Spend
Economy
The Fiscal Triangle: How The Treasury Decides What To Spend
JP Spencer, a former Treasury senior policy adviser, explains how the ‘fiscal triangle’ is at the core of every spending decision it makes
2024: Parliament's Year In Words
Parliament
2024: Parliament's Year In Words
After a historic year in UK politics, what can the language used in Parliament tell us about 2024's key themes, top moments, and power players?
Frustrated Labour MPs Say WASPI Decision Shows Government Is 'In A Bunker'
Economy
Frustrated Labour MPs Say WASPI Decision Shows Government Is "In A Bunker"
There is unhappiness among many Labour MPs following the Government's decision on Tuesday not to pay compensation to WASPI women.
Is It Time To Split Up The Treasury?
Economy
Is It Time To Split Up The Treasury?
The suggestion that it would be better to break up the Treasury into more manageable parts has been mooted for years. Chaminda Jayanetti looks at the idea in detail
Too Big, Too Powerful: Treasury Domination Is Bad For Government
Economy
Too Big, Too Powerful: Treasury Domination Is Bad For Government
Successive prime ministers have found themselves frustrated by the power wielded by their neighbours in Number 11. Alex Thomas from the Institute for Government argues that the problem lies in central government’s structure
The Budget Will Cost Some Nurseries £50,000 A Year, Early Years Sector Warns
Education
The Budget Will Cost Some Nurseries £50,000 A Year, Early Years Sector Warns
The early years sector has warned that the failure to fund private nurseries for Budget measures will cost the average setting an additional £50,000 a year.
Keir Starmer Says Small Businesses Will Get The 'Certainty And Stability' They 'Need'
Communities
Keir Starmer Says Small Businesses Will Get The "Certainty And Stability" They "Need"
Prime Minister Keir Starmer has sought to assure small business leaders that the Government will bring "instability" and "uncertainty" to an end.