Rachel Reeves, U.K. Chancellor of the Exchequer, joins 'Squawk Box' to discuss her efforts to bring U.S. companies to the U.K., impact of President Trump's tariff proposals, trade partnership with U.S.
No serious government could tolerate Energy Secretary Ed Miliband for long. Even this one had to shut him down eventually.
The Chancellor has vowed not to increase taxes again this parliament but experts fear the state of the UK economy might leave her with little option.
President Donald Trump found a letter from former President Biden in a drawer of the Resolute Desk in the Oval Office of the White House on Monday evening. Trump had spent nearly $20 million on anti-trans ads during his campaign, and delivered an expected blow to the trans community once inaugurated.
The chancellor, speaking to Sky News at Davos, says she does not think the UK would be a target for tariffs threatened by president Donald Trump.
UK public borrowing surged to £17.8billion in December, marking the highest December borrowing in four years. The figure came in 25 per cent above economist predictions, according to data released by the Office for National Statistics (ONS).
We got the latest UK employment data this morning. With the usual caveats around its reliability, there are signs of the market slowing — unemployment rose from 4.3% to 4.4% — but wage growth remains strong. Both regular pay and pay with bonuses rose by 5.6% in the year to November, which means wages are rising well ahead of inflation.
Britain’s first woman Chancellor delivers the same old fudge, as Labour’s commitment to economic orthodoxy, seen throughout its history, always betrays working people, writes KEITH FLETT
Investors in Britain’s motor finance industry slammed on the brakes last October when the Court of Appeals said it was unlawful for lenders to pay “secret” commissions. An unusual intervention by Chancellor Rachel Reeves has reduced the risk that the sector becomes a total write-off.
Among the many leaders braving the chill in Davos is the Chancellor Rachel Reeves. She’s had a bruising start to the year, not helped by today’s news that government borrowing surged to £17.8 billion last month – its highest level in four years.
As any football fan knows, statements of support from the board are rarely followed by good news. As in football, so in finance, and the Treasury’s attempt to dismiss as “pure speculation” the suggestion that yields on Government debt spiking to their highest level since 2008 could put Chancellor Rachel Reeves in breach of her own fiscal rules do not seem likely to inspire confidence.
Labour MP for South Shields Emma Lewell-Buck urged Chancellor Rachel Reeves to consider reducing VAT for the hospitality, tourism and leisure sectors.