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.
Rachel Reeves says it is "disappointing" to have a month of "bad data", as the latest figures show the UK economy shrunk by 0.3% in April, a figure higher than expected. But the chancellor says U.S...
Rachel Reeves has hailed the government's "significant progress" to get NHS hospital waiting lists down by almost a quarter of a million. The chancellor adds the extra funding for the NHS in..
Chancellor Rachel Reeves has delivered her first spending review in the House of Commons, giving an indication of the government’s priorities and direction of travel until the end of the current..
Rachel Reeves joined Wes Streeting on a tour of St Thomas' Hospital following a £29 billion-a-year rise in NHS funding announced in House of Commons earlier today. Report by Gluszczykm. Like us on..
Rachel Reeves said council tax will not rise above 5% a year, sticking to the limit set by the previous government. She said the money supports local services like social care and policing. Report by..
MP for Richmond Park Sarah Olney welcomed the spending review’s investment into social care but said she remains concerned about the lack of money for police in London.
It comes as Chancellor Rachel..
Rachel Reeves said the use of hotels to house asylum seekers will end this Parliament. She pledged funding to cut the backlog, hear more appeals and return those with no right to stay. The changes aim..
Shadow chancellor Sir Mel Stride called Rachel Reeves’ plans a “spend-now, tax-later review”, warning she’ll return in autumn with “yet more taxes”. He said the review is “not worth the..
The Government is increasing real-terms day to day spending in the NHS by 3% per year for every year of the review period, Chancellor Rachel Reeves has announced, providing an extra “£29 billion per..
Rachel Reeves hit back at Reform UK for racking up ''80 billion pounds of unfunded commitments in less than a year'' and criticised Nigel Farage for supporting Liz Truss' budget. Report by Gluszczykm...
Rachel Reeves said defence spending will rise to 2.6% of GDP by April 2027, calling it a “new era for defence and security”. The increase includes £11bn for defence and £600m for intelligence..
The Chancellor of the Exchequer, Rachel Reeves, departs from number 11 ahead of unveiling her spending review, where she is expected to argue that her priorities are “the priorities of working..
Prime Minister Sir Keir Starmer leaves 10 Downing Street as he heads to the House of Commons where Chancellor of the Exchequer Rachel Reeves will deliver her spending review. Report by Gluszczykm. Like..
Ministers depart Downing Street following a Cabinet meeting, ahead of the Chancellor of the Exchequer Rachel Reeves delivering her spending review to the House of Commons. Report by Gluszczykm. Like us..
Shadow Chief Secretary to the Treasury Richard Fuller urged Rachel Reeves to keep to her fiscal rules as she unveils her spending review. He said that whilst it is nice to announce spending, “money..
Ministers arrive in Downing Street for a Cabinet meeting, ahead of the Chancellor of the Exchequer Rachel Reeves delivering her spending review to the House of Commons. Report by Gluszczykm. Like us on..
Chancellor Rachel Reeves has signed off on £14.2 billion of investment to build the new Sizewell C nuclear power plant in Suffolk, while Rolls-Royce has been named as the preferred bidder to build..
Chancellor Rachel Reeves acknowledged that many working people have yet to feel Labour’s progress. Speaking at the GMB Union Congress, she said tomorrow’s Spending Review will focus on “making..
Rachel Reeves told the GMB Congress Labour is “investing in the biggest roll out of nuclear power in a generation,” announcing £14.2 billion for Sizewell C. She said energy security is “national..
Martin Lewis said the government's decision to U-turn the winter fuel payment is a "huge relief" for pensioners. Rachel Reeves confirmed on Monday that pensioners earning less than £35k will be..
Shadow housing secretary Kevin Hollinrake has expressed concern about the UK housing crisis worsening due to potential spending cuts. It comes as Rachel Reeves prepares to announce the government's..
Rachel Reeves has announced billions of pounds in funding for transport outside London, but also warns she has had to make difficult decisions ahead of her spending review next week. The £15.6 billion..
Shadow Justice Secretary Robert Jenrick says Labour’s plan to boost defence spending isn’t believable unless action is taken now. He welcomed the government’s pledge to spend 2.5% of GDP on..
Despite reported pressure from within the Labour Party, Chancellor Rachel Reeves insists the cut in winter fuel allowance for most pensioners “stands”, to “stabilise the public finances”...
Rachel Reeves is a "gnat's whisker" away from having to raise taxes in the autumn budget, a leading economist has warned - despite the chancellor insisting her plans are "fully funded". Sky News - Published
If you sat through the entire spending review speech delivered by Rachel Reeves in the House of Commons, you might have been lulled into a sense that the UK was awash with a wealth of riches as the.. Sky News - Published
Day-to-day spending on the NHS will increase by £29bn a year, Rachel Reeves has announced as she accepted voters are yet to feel an improvement under Labour. Sky News - Published
This spending review is a massive deal. It's a massive deal because of the sums of money and capital the government is about to allocate - £600bn over the next three to four years. Sky News - Published
Chancellor Rachel Reeves will set out plans in the spending review on Wednesday to invest billions of pounds across Britain, as she admits "too many people" are "yet to feel" the benefits of the.. Sky News - Published
Winter fuel payments will extend to everyone over the state pension age with an income of or below £35,000 a year, Chancellor Rachel Reeves has announced. Sky News - Published
Rachel Reeves will turn around the economy the way Steve Jobs turned around Apple, a cabinet minister has suggested ahead of the upcoming spending review. Sky News - Published
Chancellor Rachel Reeves is set to announce how much cash each government department gets over the next few years at the spending review on 11 June. Sky News - Published
Rachel Reeves has confirmed more pensioners will be eligible for winter fuel payments this year - but confusion remains over how the threshold could be changed. Sky News - Published
Rachel Reeves has said £15.6bn will go towards regional transport projects in next week's spending review, but there are other "good things" she's had to say no to. Sky News - Published
A week today, Rachel Reeves presents the spending review; how the budget is divided between government departments between 2026 and 2029 - the bulk of this parliament. Sky News - Published
The chancellor and foreign secretary are threatening to take Roman Abramovich to court to seize the proceeds of his Chelsea FC sale. Sky News - Published
The UK's food security and the future of farming lies in Rachel Reeves' hands, a leading MP has said as a committee called on the government to delay farm inheritance tax changes. Sky News - Published
Chancellor Rachel Reeves has insisted that rebelling Labour MPs "know the welfare system needs reform" as the government faces a growing backlash over planned cuts. Sky News - Published
On the politics, this is a win for Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves. And a big one: just at the point he really needed it after terrible local elections and few signs the.. Sky News - Published
As Chancellor Rachel Reeves meets her counterpart, US treasury secretary Scott Bessent to discuss an "economic agreement" between the two countries, the latest trade figures confirm three realities.. Sky News - Published
Rachel Reeves will pledge to "stand up for Britain's national interest" as she heads to Washington DC amid hopes of a UK/US trade deal. Sky News - Published
Rajesh Kumar Singh and David Williams co-chaired the India-UK Defence Consultative Group meet in London. They discussed strengthening military cooperation and defence capabilities. Nirmala Sitharaman.. IndiaTimes - Published
Rachel Reeves will seek to gauge the unfolding impact of President Trump’s tariffs blitz on Wednesday when she holds talks with some of the City’s top executives. Sky News - Published
A deal for a new Universal theme park in Bedfordshire has been confirmed, which Rachel Reeves says will bring "billions" to the economy and create thousands of jobs. Sky News - Published
Chancellor Rachel Reeves has said the UK does not want to "escalate" Donald Trump's trade wars after the US president slapped a new 25% tariff on all imported cars. Sky News - Published
Rachel Reeves will unveil further welfare cuts in her spring statement after being told the reforms announced last week will save less than planned, Sky News understands. Sky News - Published
A swathe of government departments have either begun or will start voluntary exit schemes for staff in anticipation of the chancellor's spending cuts, Sky News can reveal. Sky News - Published
Since the turn of the year, Chancellor Rachel Reeves has had a single priority, repeated loud and clear at every opportunity; growth. Sky News - Published
Rachel Reeves has said the welfare system is "letting down taxpayers", while she again committed to reaching 2.5% in defence spending by 2027 due to the "enormity of the situation" facing European.. Sky News - Published
Chancellor Rachel Reeves is coming under increased pressure to raise taxes or cut public spending as official figures show government borrowing was more expensive than expected, and tax revenue fell.. Sky News - Published
The whole government recognises the need to spend more on defence, including Chancellor Rachel Reeves, a cabinet minister has said. Sky News - Published
Rachel Reeves says "no one ever raised any concerns" about her expenses when she worked at HBOS, as she responds to reports she was investigated while working for the bank. Sky News - Published
Rachel Reeves, the chancellor, has called in the bosses of Britain's biggest high street lenders for a fresh round of talks on the government's economic growth agenda. Sky News - Published
Chancellor Rachel Reeves this week confirmed government support for dozens of big projects to boost growth, on top of Labour's existing promise to build 1.5 million new homes. Sky News - Published
Deregulation, streamlining planning decisions, and clamping down on judicial reviews - you might have found much of what Rachel Reeves said on Wednesday a bit dry and abstract. Sky News - Published
Chancellor 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.. Sky News - Published
A 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 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. Sky News - Published
The 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
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
The chancellor is under pressure because financial market moves have pushed up the cost of government borrowing, putting Rachel Reeves' economic plans in peril. Sky News - Published
How 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? Sky News - Published
Rachel 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