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Chancellor of the Exchequer Rachel Reeves speaks during a visit to Jaguar Land Rover in Birmingham, April 7, 2025
DEFENDING Treasury rules is Labour’s priority amid the global economic turmoil, Chancellor Rachel Reeves confirmed today.
She warned MPs that the fiscal rules limiting government debt and spending remained “sacrosanct” even as more Labour voices are raised to demand their relaxation.
And Prime Minister Keir Starmer told a committee of MPs that his instinct was not to “jump in with both feet to retaliate” to US President Donald Trump’s tariffs.
Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills
US tariffs have had Von der Leyen bowing in submission, while comments from the former European Central Bank leader call for more European political integration and less individual state sovereignty. All this adds up to more pain and austerity ahead, argues NICK WRIGHT