Rachel Reeves must prepare for a significant jump in defence spending as geopolitical pressures mount, Andrew Bailey has warned. The Governor of the Bank of England said the Government faces “very big structural headwinds” as new military threats emerge and demand extra spending, even as the national debt is already very high.

British finance minister Rachel Reeves spelled out her plans to revive the country's slow-moving economy on Wednesday, adding to recent pledges to reform investment and planning rules with a commitment to back airport expansion at Heathrow.

Rachel Reeves’s plan for Heathrow to ‘turbocharge’ economy struggles to take off - Chancellor’s optimistic economic growth vision hit in the short term as Tesco and Lloyds announce hundreds of job los

British finance minister Rachel Reeves will say today that she is ready for a fight to push forward her plans to speed up the country's slow-moving economy that have grown in urgency after this month's bond market slump.

By Andrew MacAskill EYNSHAM, England (Reuters) -British finance minister Rachel Reeves said on Wednesday that the government supported the construction of a long-delayed new runway at London's Heathrow Airport as she sought to show she could deliver on her promises of speeding up economic growth.

When Santander boss Ana Botin met Rachel Reeves at the annual Davos jamboree last week, the atmosphere may have been frostier than the ski slopes outside...

The Pound Sterling moves higher against the US Dollar, as investors focus on the Fed’s monetary policy decision. Fading concerns over DeepSeek’s low-cost AI model to challenge US AI models’ dominance have diminished some US Dollar risk-premium.

The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.

Andy Haldane, who was with the Bank for 32 years until 2021, said the Office for Budget Responsibility's (OBR) forecast in March could lead to less investment and spending.

The pound fell against the dollar on Wednesday, while British finance minister Rachel Reeves outlined plans for growth, and as currency investors shifted their focus to the U.S. Federal Reserve's upcoming policy decision.

Bank of England Appoints Fernando Aguirre of DHS Ventures & Holdings to the Economic Policy Council WASHINGTON, DC / ACCESS Newswire / January 29, 2025 / The Chancellor of the Exchequer, Rachel Reeves