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Economic policy

  • The facade of the Bank of England

    The Guardian view on interest rate cuts: helpful for some, but costs are too high for too many

    Editorial: Even after the base rate reduction, businesses and households will still be paying record sums to borrow
  • Chancellor of the Exchequer Rachel Reeves arrives in Downing Street to attend weekly Cabinet meeting in London.

    Brief letters
    Inheritance tax for an inherited mess

    Brief letters: Economic shortfall | Hopes for new chancellor | Kemi Badenoch | Pylon teaching aids | Olympic medals
  • Threadneedle Street street sign

    Bank of England braced for knife-edge interest rate decision

    Markets predict quarter-point cut to 5% when policymakers’ decision is announced on Thursday
  • A hand turning a thermostat with a penny in the middle of the dial

    Many pensioners can’t afford to lose the winter fuel allowance

    Letters: Readers criticise the decision of the chancellor, Rachel Reeves, to limit the payment to those on pension credits
  • Chancellor of the Exchequer, Rachel Reeves, in her office at no 11 Downing Street, London.

    Here’s how Rachel Reeves could plug the black hole in Britain’s finances

    Letters: Mark Bill offers the new chancellor some suggestions on raising taxes and closing loopholes. Plus letters from Joseph Koppenhout and David Tucker
  • Rachel Reeves speaks during a press conference at the Treasury (Photo by Lucy North/AFP)

    Today in Focus
    Rachel Reeves and the £22bn black hole – podcast

    The chancellor, Rachel Reeves, has claimed that a £22bn shortfall in the public finances was “covered up” by the Conservative government. Larry Elliott reports
  • Angela Rayner announcing housing reforms in parliament.

    Politics live with Andrew Sparrow
    Greens say Labour should focus more on building council homes and that new housing plan is flawed – as it happened

    Rayner says housing target system will raise number of homes planned to 370,000 and confirmed targets will be mandatory
  • They walk side by side through the Members' Lobby

    Reeves accuses Hunt of £22bn lie; nonsense, he says. What’s the truth?

    Shadow chancellor says successor confected story of ‘black hole’ to distract from tax rises, but things are not clearcut
  • Rachel Reeves in her office at no 11 Downing Street, London, ahead of her statement to the House of Commons on the findings of the Treasury audit into the state of the public finances.

    First Edition newsletter
    Tuesday briefing: What Rachel Reeves’ ‘tough choices’ mean for Britain

    In today’s newsletter: The new chancellor announced a series of public spending cuts, blaming the previous government while also looking to their playbook
  • Reeves speaks against a red background behind a sign in capitals saying: Fixing the foundations

    Reeves moves fast to tackle £22bn budget shortfall ‘covered up’ by Tories

  • Rachel Reeves making a statement in the Commons on public finances

    Rachel Reeves pursues political prize over £22bn financial hole

  • Rachel Reeves

    The Guardian view on Rachel Reeves’ statement: beyond the Tory black hole

  • Rachel Reeves

    Politics live with Andrew Sparrow
    UK politics: Winter fuel payments to be restricted as Reeves says there is £22bn spending shortfall – as it happened

  • Rachel Reeves is pulling off a transparent political manoeuvre. But she’s not entirely wrong

    Jonathan Portes
  • Rachel Reeves goes back to the future with her public finances statement

  • UK public finances show £22bn fiscal hole, says Rachel Reeves - video

  • Reeves scraps social care cap and some winter fuel payments to plug ‘£22bn hole’

  • Business live
    McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened

  • Opinion
    ‘Smarter money’ is the key that will unlock the promise of Africa and the Caribbean

    Kenneth Mohammed
  • Rachel Reeves paves way for cuts and tax rises to fill shortfall left by Tories

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