Rachel Reeves

3 weeks ago | bright-green.org | Chris Jarvis |Rachel Reeves

The Public and Commercial Services (PCS) union has condemned the government’s plans to make major cuts to the civil service. Rachel Reeves, the chancellor of the exchequer, has indicated that the government intends to slash the civil service in order to make £3.5bn of savings by 2029. PCS is the trade union which represents many civil servants. PCS general secretary Fran Heathcote said: “After 15 years of underfunding, any cuts will have an impact on frontline services.

4 weeks ago | dailybusinessgroup.co.uk | Terry Murden |Rachel Reeves

Chancellor Rachel Reeves has been accused of ignoring small businesses and the services sector by offering nothing in her Spring Statement to help them through the imminent increases in costs. As predicted, her statement focused on defence, housing, getting people off benefits and long growth forecasts, but left small firms fuming that it was a “missed opportunity” to ease the pressures on smaller firms.

2 months ago | dailybusinessgroup.co.uk | Terry Murden |Michael O'Leary |Rachel Reeves

Ryanair boss Michael O’Leary has accused Rachel Reeves of being clueless about growing the aviation industry, saying the real benefit would be to cut taxes. Mr O’Leary said the Chancellor should reverse her Budget hike in air passenger duty (APD) rather than “waffle on” about Heathrow expansion, which would not happen before the 2040s at the earliest. Passengers travelling in economy on a short-haul flight will see APD rise from £13 to £15.

Jan 14, 2025 | dailybusinessgroup.co.uk | Terry Murden |Rachel Reeves

Rachel Reeves today launched a fierce defence of both her budget and her recent trip to China and insisted that growing the economy was the government’s “number one mission”. The Chancellor addressed MPs in the Commons amid a growing clamour for emergency measures to calm the markets after government borrowing costs surged and sterling fell. Ms Reeves reminded MPs that the same conditions were affecting other countries, including the US and Germany.

Jan 10, 2025 | dailybusinessgroup.co.uk | Terry Murden |Darren Jones |Rachel Reeves

The UK Government has defended its stewardship of the economy despite borrowing costs hitting their highest level for 16 years yesterday which has led to calls for cuts in taxes and spending. Bond yields have risen as investors worry about the underlying state of the government’s finances after chancellor lifted taxes by £40 billion in the October budget, including a £25bn rise in employers’ national insurance contributions. This has contributed to a sharp fall in business confidence and hiring.