Chancellor welcomes striking official data as allies set out ‘four-pronged response’ to Trump tariffs
Plus, UK tries to negotiate Trump’s minimum rate and broader US economic deal but none of this looks easy
Long-delayed talks between London and New Delhi given fresh impetus by US taxes on imports
Britain could exploit the chaos unleashed by Donald Trump, chancellor tells FT
Clare Lombardelli says import taxes will ‘depress activity’ but impact on inflation is less clear
UK PM’s comments will be seen as warning shot across bows of Office for Budget Responsibility
UK chancellor Rachel Reeves dismissed idea of launching tax later in bid to ‘maximise revenue’, Treasury documents reveal
Starmer pledges to redouble efforts to strike trade deal with the US
Increases to water, energy and telecoms bills will push up inflation
The UK chancellor has made herself a prisoner of market movements, while the party’s MPs fret over how cuts will go down
The chancellor’s plan to revolutionise retail investment needs young investors
Chancellor faces deepening welfare cuts row and prospect of fresh tax rises
Chancellor criticised over decision to stick with £9.9bn of budgetary headroom
Also in this week’s newsletter, more Britons think France is more likely than America to come to UK’s military aid
Office for Budget Responsibility warns a global trade war risks eliminating UK chancellor’s fiscal headroom
Chancellor has chosen to ‘concentrate the pain’ on sick and disabled, Resolution Foundation says
Labour’s policy mix will not break the cycle of making irreconcilable promises on tax, spending and public services
UK chancellor sets out welfare cuts and departmental spending squeeze, but she may be forced to raise taxes in autumn
Official forecasts show how easily Reeves’ plan could run into trouble
The government needs to make bold choices ahead of the autumn Budget
But government risks backlash over welfare cuts that will push tens of thousands into poverty
History suggests the OBR may, once again, have been persuaded to be too optimistic at a time of global turmoil
Despite the gloom, Labour has another shot at changing the narrative through its promised industrial strategy
Chancellor makes cuts to welfare spending as economic forecasts slashed
Rachel Reeves’ statement to the House of Commons
