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Labour's Rachel Reeves has said that rising inflation is leaving families "worried sick about making ends meet" after it was announced that UK inflation had risen to above 10% for the first time in 40 years. The Office for National…
Rachel Reeves has said that people in the UK will not see their costs increase by "a single penny" under Labour's plan to tackle rapidly rising gas and electricity bills. In a Sky News interview this afternoon, the Shadow Chancellor…
Rachel Reeves has urged the Tory leadership candidates to "stop playing to the gallery" and come up with a "serious plan" for the economy after it was revealed that the UK's gross domestic product (GDP) had fallen by an estimated 0.6% in…
Labour has said that it would scrap "outrageous" and "unfair" energy premiums that customers using prepayments meters face as the first part of a fuller package that the opposition party is expected to announce to combat spiralling prices…
Labour has urged the government to close a "major tax loophole" in the windfall tax ahead of a meeting between ministers and energy company executives to discuss what the companies plan to do with their unprecedented profits. Nadhim Zahawi…
The Conservative leadership contest has shown the Tories' traditionally reckless and dishonest approach to the public finances. It began with a total focus on one thing only: tax cuts. Yet neither contender has been candid about the…
Rachel Reeves has warned that "people are worried sick about how they’ll pay their bills and do their weekly food shop" amid the cost-of-living crisis and that "all this Tory Prime Minister does is shrug his shoulders". Commenting after…
Rachel Reeves has declared that the Bank of England's decision to raise interest rates for a sixth time in succession is "further proof" that the Conservatives have "lost control of the economy". The Bank of England announced today that it…
Rachel Reeves has said the tax breaks the government is offering oil and gas companies are "totally wrong" after BP reported that its profits had tripled to nearly £7bn in the second quarter of the year. The Shadow Chancellor said: "People…
Keir Starmer is delivering a big speech in Liverpool this morning. The gist is that Labour will “fight the next election on economic growth”, that “rebooting the economy” would be his government’s “defining mission” and that the priorities…
Rachel Reeves has said the nationalisation of industries the party previously pledged to bring into public ownership "just doesn't stack up against our fiscal rules". In an interview on BBC Radio 4's Today programme this morning, the Shadow…
Keir Starmer will say that his party will "fight the next election on economic growth" as he declares that the "defining task" of a future Labour government under his leadership would be "rebooting the economy". In a major speech in…
