
Ailbhe Rea
Associate Editor, Bloomberg UK at Bloomberg News
Associate Editor, Bloomberg UK. Covering politics in Westminster.
Articles
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3 days ago |
bloomberg.com | Ailbhe Rea
The list of things that Rachel Reeves will have to scramble to fund in this autumn’s budget has been getting longer in recent weeks:Now Reeves may have to make a rather expensive tweak to the above, as well as adding another possible line item to the list. NATO is pushing its members to agree this week to boost defense spending even higher — to 3.5% of GDP by 2032 — and failing to back the new target would damage Britain’s efforts to present itself as the alliance’s leading European power.
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1 week ago |
bloomberg.com | Ailbhe Rea
We crossed a Rubicon today, in more ways than one. Keir Starmer said for the first time that British politics is now a straight fight between his Labour and Nigel Farage’s Reform, while Rachel Reeves has confirmed she will force large pension funds to back British assets if they do not do so voluntarily. Let’s take them each in turn.
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2 weeks ago |
bloomberg.com | Ailbhe Rea
Children walk home school in Altrincham, United Kingdom. (Bloomberg) -- Keir Starmer is at odds with his powerful chief of staff over whether to scrap a two-child cap on benefits, according to multiple people familiar with the matter, a costly policy move that the British prime minister is under pressure to make after bruising local election results.
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2 weeks ago |
bloomberg.com | Lucy White |Philip Aldrick |Ailbhe Rea
Keir Starmer(Bloomberg) -- Britain’s Labour government will make its sharpest U-turn since returning to power by limiting cuts to pensioners’ subsidies, as it puts the electoral threat posed by Nigel Farage ahead of lingering concern about the public finances.
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2 weeks ago |
bloomberg.com | Ailbhe Rea
Sometimes, in the peculiar world of Westminster, we know that a major decision has been taken not through any grand announcement or leak, but simply through a slight shift in tone, or what a politician stops saying. At the risk of being proven wrong in months to come, I’m willing to say it looks like that has happened today.
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