Rachel Reeves could be gearing up for a £30 billion borrowing bonanza by overhauling fiscal rules. The Chancellor gave a strong hint she wanted to change the guidelines to encourage more investments. She said: “It is time the Treasury moved on from just counting the costs of investment in our economy to recognising the benefits too.”

Chancellor Rachel Reeves on Monday defended her acceptance of £7,500 of funding for clothing from a friend as a damaging row over donations stalks top Labour leaders. It emerged last week that Ms Reeves along with Sir Keir Starmer and Deputy Prime Minister Angela Rayner would no longer accept donations to pay for their clothes.

These are my fiscal rules. If you don’t like them, I have others. Rachel Reeves said two things worth noting in her conference speech yesterday. Here’s the first. Because I kn

By Alistair Smout, Andrew MacAskill and Elizabeth Piper LIVERPOOL, England (Reuters) -British finance minister Rachel Reeves ruled out a "return to austerity" on Monday, trying to brighten the gloomy tone her party has adopted since its landslide election victory in July.

Chancellor has warned of tax rises in October Budget but will adopt a positive tone in Monday’s conference speech