Latest in We’ll Cut Labour
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Labour wants to reverse decline – but with a big budget comes a big risk
The government knows cynical voters will need to see tangible change in public services and to feel better off. At the final political cabinet before Rachel Reeves delivered her first budget this ...World - The Guardian - October 30 -
Rachel Reeves’ budget leaves her little room to manoeuvre
Bet on long-term improvements will make spending review in 2027 a crunch time for the governmentWorld - Financial Times - October 31 -
Labour’s home insulation pledge in doubt, say consumer rights groups
Campaigners warn Budget pledge falls far short of manifesto promise to support energy efficiencyWorld - Financial Times - November 1 -
Decades of bus decline and what hampers Labour’s route forward
Bus fare cap increase will have only limited effect as the Budget lacked proper funding boost to support servicesWorld - Financial Times - November 1 -
Labour needs to make good on its pro-business promise
The government must understand what it means to risk your own capital in a venture or how confidence is generatedWorld - Financial Times - November 1 -
The US-UK special relationship will survive Labour involvement in this election
The decision of Labour Party volunteers to go to the U.S to knock on doors for Vice President Kamala Harris has sparked controversy, with Republicans filing an FEC complaint and suggesting it could ...Politics - The Hill - November 1 -
US adds just 12,000 jobs as storms and strikes hit labour market
October figure far below average forecast of 100,000 job gains and comes just four days before US electionBusiness - Financial Times - November 1 -
Labour challenges Badenoch to back billions for public services and tax rises
Rachel Reeves throws down budget gauntlet to new Tory chief as party’s first black leader is congratulated on win. Labour has thrown down an immediate challenge to the new Tory leader, Kemi ...World - The Guardian - November 2 -
UK MPs plan to grill Shein boss over labour practices
Business select committee intends to summon fast-fashion brands over workers’ rights as soon as JanuaryWorld - Financial Times - 5 days ago -
UK's ultra-rich feel the pinch from Labour's tax-raising budget
Britain's wealthy are feeling the pinch following a slew of targeted tax hikes in the Labour government's budget, with many saying they are making good on plans to leave.Business - CNBC - 4 days ago -
Labour hedge fund donor’s profits drop 76% after restructure
Quadrature made largest single donation to party after UK election called in MayBusiness - Financial Times - 4 days ago -
Decarbonisation, downsized: what became of Labour’s Green Prosperity Plan
A Trump rollback of climate initiatives could help Europe attract funding but UK’s rebrand of goals highlights mountain aheadWorld - Financial Times - Yesterday -
The VW labour boss at war with management over plant closures
Daniela Cavallo views clash as existential fight for carmaking in Europe’s biggest economyBusiness - Financial Times - Yesterday -
Relations between Ukraine and UK are worse under Labour, say Kyiv officials
Exclusive: Zelenskyy administration expresses frustration with Starmer over lack of missiles. Ukraine’s relationship with the UK has “got worse” since the Labour government took power in July, ...World - The Guardian - Yesterday -
UK momentum on Ukraine has dropped under Labour, Ben Wallace says
Former Tory defence minister says leadership of Sunak era is lacking and bureaucracy is holding up equipment. Momentum on Ukraine has “dropped back” since Labour took office, according to the ...World - The Guardian - 12 hours ago -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...Politics - The Hill - 5 days ago -
Interest rate cut hopes raised as wage growth slows
Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.Top stories - BBC News - October 15 -
BBC to cut 155 roles from news operation
Broadcaster hopes move will save £24mn from budget, according to internal memo sent to staffBusiness - Financial Times - October 15 -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
McKinsey Cuts Hundreds From China Workforce
The consulting firm is cutting back on state-linked clients and is working to separate its China operationsBusiness - The Wall Street Journal - October 17 -
Ministers complain to Starmer over spending cuts
Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.Top stories - BBC News - October 17