Defence Secretary John Healey resigned, accusing Keir Starmer and Rachel Reeves of risking national security due to insufficient defence investment. Healey stated the proposed Defence Investment Plan (DIP) lacked necessary resources, prompting his departure.
Defence Secretary John Healey resigned, citing government military spending plans as insufficient to meet growing international threats. He accused Keir Starmer and Rachel Reeves of risking national security by only planning a small increase in defense spending.
Defence Secretary John Healey resigned, citing government military spending plans as inadequate to counter growing international threats. He accused Keir Starmer and Rachel Reeves of jeopardizing national security by failing to commit sufficient resources, arguing for a 3% of GDP defence budget by 2030.
Greater Manchester Mayor Andy Burnham has indicated he would prioritize transforming the UK's social care system if he became Prime Minister, criticizing Westminster's reluctance to address difficult policy issues. He proposes accelerating the Casey review and exploring funding mechanisms like a 'care levy' to address the crisis.
UK Chancellor Rachel Reeves is exploring public-private partnerships to fund new town developments in England, engaging with major banks and investment funds. This initiative aims to accelerate infrastructure projects, learning from past models like PFI and utilizing frameworks such as RAB.
Chancellor Rachel Reeves has instructed UK ministers to prioritize British companies for government contracts in shipbuilding, steel, energy, and AI, expressing disappointment over current foreign awards and signaling potential overrides of departmental decisions.
Andy Burnham's potential victory in the Makerfield byelection could usher in significant political reform, including proportional representation and stricter campaign finance laws. The article argues this is crucial to counter the influence of figures like Nigel Farage and restore trust in British politics.
MP Navendu Mishra has written to Nationwide's chair, Kevin Parry, raising concerns about "emerging governance issues" in the building society sector. Issues include bundling voting options and failing to allocate board seats for members, despite the sector's mutual ownership model.
The UK Treasury, led by Chancellor Rachel Reeves, rejected a proposal to cut VAT on public EV charging from 20% to 5%. This decision came despite support from the Department for Transport and pressure from EV operators, who argue the disparity unfairly penalizes drivers without home charging. HMRC is appealing a tribunal ruling that favored the lower rate.
Restaurateurs have criticized a temporary VAT cut on children's meals as a "soundbite" that will have little impact on families or businesses, arguing for broader VAT reductions to address rising costs in the hospitality sector.
Rachel Reeves is actively campaigning to retain her position as Chancellor of the Exchequer, even if Labour's leadership changes. Allies argue her fiscal credibility is vital for market confidence, contrasting her with potential rivals like Ed Miliband. Despite recent economic good news and policy wins, Reeves faces challenges from potential new leaders and ongoing economic pressures.
UK government announces cost of living measures like VAT cuts & free bus rides, but they fail to address energy import shocks. Rising energy bills and global crises threaten household finances, highlighting the need for faster transition to clean power and greater state-led resilience.
Allies of UK Chancellor Rachel Reeves are warning against Ed Miliband potentially succeeding her, fearing he would "torpedo" her position if Keir Starmer is removed as PM. They criticize Miliband's economic policies, contrasting them with Reeves' perceived market stability.
Chancellor Rachel Reeves unveils a summer savings scheme with VAT cuts for kids' meals and leisure, free bus travel, a fuel duty freeze, and support for chemicals and ceramics, funded by closing a tax loophole on multinationals. The £1.6bn package aims to ease cost-of-living pressures.
UK Chancellor Rachel Reeves announced a temporary VAT cut from 20% to 5% on family attractions, children's meals, and entertainment tickets during summer holidays to ease cost of living pressures. The measure, part of a 'Great British Summer Savings' campaign, aims to support families and the hospitality sector.
UK Chancellor Rachel Reeves unveiled a £300m 'Great British summer savings' plan, cutting VAT on attractions and children's meals, offering free bus travel for under-16s, and postponing fuel duty increases. The scheme aims to ease the impact of the war in Iran on households.
The article argues that bond markets exert undue influence on British politics, citing concerns about government borrowing costs and the power of "bond vigilantes." It suggests progressive politicians can counter this by understanding market dynamics, scrutinizing the Bank of England's policies, and repurposing pension funds for public investment.
UK Chancellor announces 'Great British Summer Savings' including a VAT cut on summer attractions and free bus travel for children. Government focuses on targeted winter aid, deeming universal packages unaffordable.
Rachel Reeves responded to a foul-mouthed heckler shouting from his van by emphasizing good manners. Her rebuke drew support from Conservative politicians, while Reform UK figures praised the heckler.
The IMF has advised UK Chancellor Rachel Reeves to maintain spending limits, warning against caving to demands for government support. The advice, while milder than previous rebukes, urges focus on controlling welfare costs and efficiency in public services. The article questions the untouchability of pensioner benefits compared to those for younger generations and those in work.
Keir Starmer announced an extension to the 5p fuel duty cut and a 12-month vehicle tax holiday for hauliers, citing cost-of-living pressures and the impact of the US-Israeli attack on Iran on fuel prices.
UK Chancellor Rachel Reeves plans to fast-track clean energy and infrastructure projects by curbing judicial reviews. The proposals aim to designate key projects as 'critical national importance' and introduce fixed legal challenge windows to speed up delivery and bolster energy security.
UK inflation dropped to 2.8% in April, down from 3.3% in March, driven by a lower household energy price cap. While welcome, the slowdown may be temporary as fuel costs rise due to the Middle East conflict.
JPMorgan CEO Jamie Dimon expressed concerns that the UK's political climate could impact the bank's multibillion-dollar London office tower plans. He stated that a government "hostile to the banks" might lead JPMorgan to reconsider investments, despite supporting Keir Starmer and Rachel Reeves.
