Rachel Reeves

Further hike in UK inflation hits rate cut chance

U.K. annual inflation climbed further above the Bank of England's target rate in November, official data showed Wednesday, firming expectations that it will avoid cutting interest rates this week.

The Consumer Prices Index reached 2.6 percent in the 12 months to November, up from 2.3 percent for October, the Office for National Statistics (ONS) said in a statement.

Elections in Britain: Labour Did Not Soar, Conservatives Crashed

With “change” as his banner and his country’s “great reboot” as his priority, new British Prime Minister Keir Starmer received the mandate to form a government yesterday. He highlighted the changes he achieved within the Labour Party as a model for the broader transformations he aims to implement in Britain.

Rachel Reeves: Who is Labour’s ‘Thatcher’ to take the reins of the Treasury

Rachel Reeves, a former children’s chess champion and Bank of England economist, is expected to become Britain’s first female Chancellor of the Exchequer.

Following Labour’s landslide victory, Reeves is expected to take over the ministry after being the party’s shadow finance minister in opposition.

Unveiling The Independent's 2024 Influence List: Women Changing the World

In honor of International Women's Day, The Independent unveils its highly anticipated 2024 Influence List, celebrating women who are shaping the world with their remarkable achievements and unwavering determination. This year's list features 50 extraordinary women from diverse backgrounds, spanning the realms of arts, politics, business, sports, television, media, and activism.

Summer Vacation Abroad May Cost Dear to Britons - GBP 5,000 Fine for Traveling without Good Reason

A GBP 5,000 fine for anyone in England trying to travel abroad without good reason is due to come into force next week as part of new coronavirus laws.

The penalty is included in legislation that will be voted on by MPs on Thursday.

Foreign holidays are currently not allowed under the "stay at home" rule which ends on Monday.