Chancellor Rachel Reeves said she wanted the tax burden to come down but that would depend on the economy and public finances improving.
Rachel Reeves has insisted the UK would continue to meet her “fiscal rules”, describing them as the “bedrock” of economic stability.
Forcing banks to pay drivers billions of pounds in compensation for mis-sold car finance would be “bad for working families”, Rachel Reeves has said.
A civil war has erupted in the Labour Party after it was reported that Rachel Reeves plans to approve a third runway at Heathrow Airport and an expansion of operations at Gatwick. In a speech next week, the Chancellor is also expected to support more flights at Luton.
British Finance Minister Rachel Reeves will urge company bosses at the World Economic Forum meeting in Davos, Switzerland, to invest in the UK, emphasising its political and economic stability and pro-business government,
Chancellor of the Exchequer Rachel Reeves joked about Elon Musk’s online “trolling” of world leaders, in a break from the UK government’s careful efforts to avoid responding to frequent criticism from the close Trump ally.
The chancellor, speaking to Sky News at Davos, is suggesting she will override concerns of environmentalists and back plans for a new Heathrow runway and other potentially controversial infrastructure projects so economic growth is prioritised under the government.
Davos offers Rachel Reeves an opportunity to make the case publicly and privately for her economic growth plans, with the hope of securing some investment commitments.
Rachel Reeves will hold talks with allies of Donald Trump in Davos next week in an attempt to woo the new US administration...
Cabinet rifts have intensified over Rachel Reeves's plans to expand Heathrow after she insisted the need for economic growth trumped other concerns. The Chancellor is expected to use a speech on growth next week to hail the need for a third runway at the west London airport and endorse expansions at Gatwick and Luton.
Chancellor of the Exchequer Rachel Reeves said the chair of Britain’s antitrust watchdog stepped down because he knew it was time to “make way for someone who does share the mission” of her Labour government to prioritize growth.
Chancellor Rachel Reeves has indicated she will overrule environmental objections to a third runway at Heathrow in order to prioritise economic growth, a position likely to bring her into conflict with colleagues including energy secretary Ed Miliband.