Rachel Reeves

One of Starmer’s longest supporters, Ed Miliband, has urged him to set a timetable to leave office

Global oil prices have risen by around 60 per cent since the start of the Iran war

Britain’s public sector net debt has risen from 61 per cent in 2009/10 to 95 per cent of GDP by 2025/26

Government borrowing in 12 months to end-March is equivalent to 4.3% economic output; gap of £132 billion is £700 million less than most recent official forecast

[LONDON] British finance minister Rachel Reeves will set out her approach to helping businesses struggling with high energy prices later this week in the wake of the ongoing conflict in Iran, she said...

Reeves says she will make major fiscal policy changes only in her full budget statements in the autumn

The deficit was £7.1 billion less than a year earlier

Speculation that taxes will be raised weighs heavily on households, which power roughly 60% of the economy

As buying activity was held off ahead of the Budget, prices may rise in the coming months: Capital Economics