Rachel Reeves, the Chancellor, faced fresh embarrassment after being forced to admit receiving another lavish freebie. She was given £265 worth of tickets and dinner to see a play at the National Theatre in London, which she attended with her husband Nick Joicey. This follows criticism over her previous acceptance of a free trip to a pop concert in a VIP box while drawing up welfare cuts. The latest details were published in the Register of Members' Financial Interests, showing that she received four tickets from the South Bank venue "for me and three family members".

Rachel Reeves, the Chancellor, has refused to support a "buy British" campaign in response to Donald Trump’s tariffs on UK goods entering the US. She warned against the UK becoming "inward looking" and suggested it could be a barrier to trade. The Chancellor also expressed concerns about the impact of the tariffs on living standards and communities, but did not commit to launching a "buy British" campaign as part of a national effort.

Rachel Reeves warned of the "profound" impact from US President Donald Trump’s tariffs, which global markets had calmed down about after days of turmoil. The Chancellor will meet her US counterpart to discuss the effect of the president's protectionism, as UK stocks rose slightly but still remained below pre-tariff levels.

Since the Budget, employers have laid off one worker every nine minutes, with 25,000 jobs shed in five months. The increase in employers' National Insurance contributions has triggered job losses, with major companies such as Sainsbury's, BT, and Santander cutting jobs. The Office for Budget Responsibility expects unemployment to hit 1.6 million this year, higher than previously forecast. Conservative leader Kemi Badenoch calls the NI hike a "jobs tax" that is "crushing" the economy, while Shadow Chancellor Mel Stride warns families will be £3,500 worse off by the end of the decade due to reduced wages and higher prices.