Rachel Reeves
Chancellor who announced guaranteed paid work placements for youth.
Notable Quotes
"The war will have an impact at home."View Story →
"Before the conflict in the Middle East, growth was higher than expected and inflation was falling."View Story →
"Before the conflict in the Middle East, growth was higher than expected and inflation was falling."View Story →
"Before the conflict in the Middle East, growth was higher than expected and inflation was falling."View Story →
"The short term priority should be unfreezing the thresholds as that is having the most acute impact on the cost of living."View Story →
"While the war in the Middle East pushes prices up globally, we have got the right economic plan and inflation has held steady."View Story →
"I am determined to get 'spades in the ground' for the third runway, and for it to be built by 2035."View Story →
"Putting our stability at risk when signs of progress are emerging would leave families and businesses worse off."View Story →
"Especially over the summer, things can be a bit more expensive. So we are targeting this directly at families."View Story →
""I'm supporting Andy to be prime minister.""View Story →
""I don't think anyone can doubt my commitment to the prime minister.""View Story →
""Because if you lose control of the public finances, it is ordinary working people and businesses who pay the price with higher inflation, higher taxes and indeed higher interest rates.""View Story →
"it was 'absolutely essential' savings were passed on to customers, who should 'push back very firmly' if suppliers failed to do so."View Story →
"the government had 'the right economic plan' for the country"View Story →
"it is important that when Andy walks through that door he has a worked-through plan, because governing is hard in Britain, and lots of challenges and shocks will come his way"View Story →
"People are impatient for change - I'm impatient for change and I totally get that people want to see their lives changed faster."View Story →
"Andy will take over an economy that is much stronger than the one I inherited from the Conservatives just two years ago."View Story →
"The forecasts today confirm that the choices this government has made are the right ones."View Story →
"It is reassuring to know it is a competitive market but the lack of protection for these households does concern me so we will look very seriously at what can be done."View Story →
"I stand ready to support a co-ordinated release of collective IEA oil reserves."View Story →
"Some businesses are using this crisis as an opportunity to rip off consumers."View Story →
"That is why we've asked the CMA (the Competition and Markets Authority) to look at the issues around heating oil."View Story →
"It is reassuring to know it is a competitive market but the lack of protection for these households does concern me so we will look very seriously at what can be done."View Story →
""Some businesses are using this crisis as an opportunity to rip off consumers.""View Story →
"Some businesses are using this crisis as an opportunity to rip off consumers."View Story →
"There’s two things going on in terms of heating oil."View Story →
"Our economic plan is the right one, but I know there is more to do."View Story →
"measures to cut energy costs from April 2026."View Story →
"Brexit did deep damage."View Story →
"Heating oil prices have spiked sharply, and I know that for families in rural communities that is a real and urgent problem."View Story →
"ensure people's hard-earned savings are delivering the best returns and driving more investment into the UK economy."View Story →
"We are also acting to protect people from unfair price rises if they occur, bring down food prices at the till, and cut red tape to boost long-term energy security."View Story →
"I want to learn the lessons of the past because when Russia invaded Ukraine, the richest, the best-off third of households got more than a third of the support."View Story →
"Too many are struggling to make ends meet and that has to change."View Story →
"the Labour government would keep the triple lock until the end of the current Parliament."View Story →
Related Stories
Student loan repayment rates an 'unsustainable burden', chancellor told
More than 120 MPs and peers have asked John Healey to carry out an "urgent review" of repayments.
August 5, 2026Budget to be held in October, Healey announces
The new chancellor pledged to move money and power out of Westminster, and into every postcode around Britain.
July 31, 2026John Healey becomes chancellor weeks after shock resignation from defence job
The former defence secretary is seen as a safe pair of hands - and is now in charge of the government's finances.
July 20, 2026Burnham has big ideas - but what will they cost?
Every tricky decision and trade off is being watched by the country and the markets at the same time
July 20, 2026Burnham promises help with your money. How could it affect you?
New Prime Minister Andy Burnham says he wants life to be more affordable, but how could he do it?
July 20, 2026Rural residents back heating oil protection plan
Households reliant on heating oil as a fuel source say better regulation of pricing is needed.
July 18, 2026Heating oil customers to get compensation after price hikes
The cost of hearing oil spike following the US-Israel war with Iran which forced up crude prices.
July 14, 2026Reeves tells BBC: Burnham needs worked-through plan to govern from the start
The Chancellor tells Laura Kuenssberg she will be handing over a stable economy to the incoming PM.
July 11, 2026Drivers urged to shop around amid 11p fuel gap
The RAC says motorists are missing out on savings because many are not using price comparison tools.
July 10, 2026Phone contract comparisons 'amounted to mis-selling' student loans, MPs say
A new report says students were not well-enough informed that their loan terms could change retrospectively.
July 6, 2026Plea for households to read energy meter as prices rise
Household energy prices have risen by 13% a year as regulator Ofgem's latest price cap kicks in.
June 30, 2026Reeves backs Burnham to become next prime minister
The chancellor throws her support behind the MP for Makerfield despite reports he could demote her if he becomes PM.
June 25, 2026VAT cut on theme parks and kids' meals comes into force
The government will reduce tax from 20% to 5% on a range of attractions as schools begin to break-up.
June 24, 2026Burnham likely to replace Reeves if he becomes PM
Rachel Reeves would be offered a more junior cabinet role, the BBC understands.
June 24, 2026The economic challenges facing the next prime minister
Though the person in charge of the country will change, the fiscal issues remain the same.
June 23, 2026Who could be the UK's next chancellor?
The prime minister's resignation has fired the starting gun on the race to be in charge of the UK's finances.
June 23, 2026UK borrowing in May surges by more than expected
Borrowing is the difference between spending and income from taxes.
June 19, 2026Heathrow's 'critical' expansion blueprint released
A consultation is launched on the Heathrow expansion, outlining conditions for the project to go ahead.
June 18, 2026Inflation unexpectedly steady as food price rises slow
Higher petrol prices were offset by slower price rises for meat, dairy and vegetables, according to the ONS.
June 17, 2026UK economy contracts as Iran war impact felt
The contraction in April comes after the economy saw stronger than expected growth in March.
June 12, 2026M&S launches new traineeship for 1,000 young people
The scheme aims to tackle the "growing challenge" of young people not in employment, education, or training.
June 7, 2026How families can get crisis support to heat homes
A crisis fund is going to support community groups who help people struggling to heat their homes.
April 10, 2026Benefits and pensions rise as two-child cap ends
Families on some benefits with three or more children will get an average rise of £4,100 a year.
April 5, 2026What is the triple lock and how much is the state pension worth?
The triple lock guarantees that the state pension is not overtaken by inflation or wage increases.
April 2, 2026Minimum wage rises to £12.71 an hour as firms warn of impact
Many businesses have said they will have to pass higher wage costs onto customers.
April 1, 2026Energy bill help would be based on household income, Reeves says
The chancellor tells the BBC it is "too early" to say exactly who would get help but hinted any support would not arrive until the autumn.
April 1, 2026When will the cash Isa saving limits change?
Chancellor Rachel Reeves announced changes to cash Isa rules, but what are they and how do they work?
March 25, 2026UK inflation rate steady in February ahead of Iran war
The speed of price rises in the UK has stayed the same, according to data which was collected before the US-Israel war with Iran began.
March 25, 2026Why are UK prices still rising?
UK Inflation has dropped back from record highs but remains above the Bank of England's 2% target.
March 25, 2026Typical energy bill forecast to rise by £332 in July
Cornwall Insight says the recent surge in energy prices due to the Iran war is set to push up household bills.
March 20, 2026Why UK governing Labour's Brexit focus has shifted from Leavers to Remainers
Will the pursuit of a closer relationship with the EU risk courting electoral disaster by alienating Brexit-backing voters?
March 20, 2026What is happening to gas and electricity prices?
Typical household bills will fall by 7% when the new energy cap takes effect on 1 April 2026.
March 16, 2026Oil price profiteering will not be tolerated, says Miliband
Ed Miliband says the competition watchdog is primed to intervene if firms use the oil price shock to "rip off" customers.
March 13, 2026UK economy saw zero growth in January ahead of Iran war
Analysts had been expecting 0.2% growth for the UK economy at the beginning of the year.
March 13, 2026PwC planning to increase the number of graduates it takes on
Last year the consultancy cut its graduate intake, but UK boss Marco Amitrano says it is still worth getting a degree.
March 13, 2026Reeves to look at how to help households with heating oil bills
The chancellor said a meeting on Wednesday will explore ways to help households.
March 10, 2026Oil prices surge above $110 and shares slide over Iran war
Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.
March 9, 2026There’s an inflation wave coming - what does the Iran war mean for the UK economy?
Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
March 7, 2026Reeves says her plan is working as growth forecast cut for this year
The forecasts were made before the conflict in the Middle East broke out which could have a "very significant" impact, the OBR said.
March 3, 2026No new tax rises in Spring Statement, but don't be fooled - tax bills are still rising
There are measures, announced ahead of the chancellor's Spring Statement, yet to take effect.
March 3, 2026What Spring Statement forecasts could mean for your money
Among the data and projections are key figures that shine a light on prospects for your finances.
March 3, 2026Government to give go-ahead for £1bn defence helicopter deal
The chancellor has stepped in to protect jobs at the helicopter manufacturer in Somerset, the BBC understands.
February 27, 2026Nearly a million 16-24 year-olds not working or in education
People at the start of their careers are particularly affected by the UK's weak job market.
February 26, 2026Energy bills to fall in April after charges shake-up
Changes announced in the Budget mean domestic energy prices should fall sharply in April.
February 25, 2026When is the Spring Statement and what might be in it?
Chancellor Rachel Reeves will give an update on her plans for the UK economy when she gives a statement alongside an economic forecast on 3 March.
February 23, 2026UK foreign minister to meet Rubio amid tensions over joint air base - Reuters
<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxNOThuSjRocW9na0pMejdlZC1hZ19qbUY1RG54eVhuUVNOc3o2X3ZTNVNBSi1CYnJ5LUhpNm43SWUxVVRPa1VpQ2RCb3duQ3VkUXBvZVJDR1puQ1FXbEhWZ1Uxa3ZBTWlQVElvQktUTE1NeVoxMzA0NnRDMU5nQmJRdVJjYm9KWWpSZXpQeVpvVnZURFVzWEhiYmxPT0cwTmV3Q2JSUDh3WlM2NUFSSnc?oc=5" target="_blank">UK foreign minister to meet Rubio amid tensions over joint air base</a> <font color="#6f6f6f">Reuters</font>
February 20, 2026UK government finances better than expected in January
The government took in more from tax receipts than expected, official data suggests.
February 20, 2026'Defining moment' as long-awaited Bristol arena named
The entertainment and music venue in Filton will be known as the Aviva Arena.
February 19, 2026