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Rachel Reeves

UK Government to Cut Expenses by 15 Percent Over Four Years

The British state's running expenses are to be reduced by 15 percent over four years, according to the country's Finance Minister Rachel Reeves. The announcement is made in a BBC interview ahead of a spring budget speech on Wednesday, where Reeves is expected to present more details on the budget cuts.

UK Government to Cut Expenses by 15 Percent Over Four Years

British Minister: Budget Rules Remain Unchanged

Britain's Finance Minister Rachel Reeves is on a charm offensive in China. Regarding the economic anxiety at home, she says that the main lines of the state budget from last autumn are "non-negotiable".

British Minister: Budget Rules Remain Unchanged

British interest rates soar – “nightmare”

The British long-term interest rates are at the highest levels since 2018. At the same time, the pound has fallen to its lowest level against the dollar in 14 months.

British interest rates soar – “nightmare”

Despite Brexit: Brits back in Brussels

The United Kingdom left the EU in January 2020 and was never part of the euro cooperation beforehand. But that does not prevent Finance Minister Rachel Reeves from participating in the euro countries' finance ministers' meeting in Brussels on Monday.

Despite Brexit: Brits back in Brussels

Wealthy individuals taxed in sharp British budget

The British Finance Minister Rachel Reeves announces tax increases of 40 billion pounds, approximately 554 billion kronor, to fill the gaps in the country's tax coffers. This marks a change of course in the UK's political direction.

Wealthy individuals taxed in sharp British budget

Amazon Invests Billions in the UK

Tech giant Amazon is investing eight billion pounds, equivalent to around 108 billion kronor, in the UK over the next five years, the company announces. The announcement is welcome news for the country's new Labour government, which has put economic growth at the center and promised to "rebuild" the country.

Amazon Invests Billions in the UK

"Black Hole" Forces Brits to Save

The UK's new Finance Minister Rachel Reeves warns that tough decisions are required to reduce public expenditure and increase taxes. .

"Black Hole" Forces Brits to Save

Starmer's finance minister is the first woman in the post

Britain's new Prime Minister Keir Starmer has made a rapid start to the job by presenting a range of ministers in the new Labour government. The country is getting its first female Finance Minister in Rachel Reeves.

Starmer's finance minister is the first woman in the post

Sad pub statistics: So many are closing down every day

The pub death is spreading, one of several depressing economic signals ahead of the British election. In England and Wales, 80 pubs are now closing down for good every month.

Sad pub statistics: So many are closing down every day