Reeves tells City regulator to encourage more risk-taking in financial sector

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisis

The financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the Labour government is in danger of watering down rules meant to avoid another financial crisis.

In an official “remit” letter addressed to Financial Conduct Authority (FCA) boss, Nikhil Rathi, the chancellor, Rachel Reeves, said regulations meant to protect consumers should not stand in the way of “sensible risk-taking” by investors and the wider financial sector, which includes banks, asset managers and insurers.

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Shadow chancellor warns Reeves over EU ties after Bank chief says Brexit harming economy – as it happened

Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs union

In news that will disappoint those of you who enjoy a Liberal Democrat stunt, PA has just reported that Ed Davey will not, as was planned, be taking a bus-driving lesson at a depot in Oxfordshire, due to logistical issues. Instead he will be visiting high-street businesses.

It is part of a campaign by the Liberal Democrats to get Labour to keep the bus fare price cap at £2 in England when it extends the scheme into next year.

The fare cap increase is like a bus tax for people across the country, impacting bus users and commuters already struggling to make ends meet. MPs must be given a say on this bus fare hike on behalf of their constituents.

Our communities have already paid too high a price for years of Conservative neglect and incompetence. This bus fare hike will hit cherished local businesses and high streets, many of which are already struggling.

Uncertainty around Labour’s first budget and high interest rates played their part, but [the GDP figures are] still a blow for Rachel Reeves, as [it] underlines difficulty of reaching her ambitious growth target.

Some in Labour want to recalibrate economic focus away from growth and towards cost of living ie “will people feel better off by time of next election?”

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Prince Harry to continue lawsuit against Sun publisher, high court hears

Duke is ‘one of two claimants whose claims are still live’ against NGN, court told, the other being ex-MP Tom Watson

The Duke of Sussex is continuing his lawsuit against the publisher of the Sun over allegations of unlawful information gathering, the high court has heard.

Prince Harry “is one of two claimants whose claims are still live” against Rupert Murdoch’s News Group Newspapers (NGN), his barrister David Sherborne said, with the other being the former deputy Labour leader Tom Watson. The court was told 39 cases had been settled since a previous hearing in July.

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Cabinet minister Liz Kendall says she will vote for assisted dying

Work and pensions secretary confirms stance, as Wes Streeting faces criticism for saying law could bring NHS cuts

Liz Kendall has become the first cabinet minister to confirm she will vote for the assisted dying bill since it was published, as the row intensified over the proposed law change.

Some supporters of assisted dying have expressed anger after Wes Streeting, the health secretary and an opponent of the plan, warned it could be a potential drain on NHS resources.

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Minister criticises Badenoch for attack on council tax cap that Tories imposed – UK politics live

Matthew Pennycook says Tory position now unclear on cap on tax rises that was in place when Kemi Badenoch was local government minister

A minister has criticised her Tory shadow for talking about “joy” in the health sector about the funding it received.

Karin Smyth, a health minister, said it was a strange word to use given the state of NHS finances left by the last government.

Many in the health sector would have been pleased to hear the announcement of the extra funding going into the NHS [in the budget], only for the joy to be struck down by the realisation of a broken manifesto promise not to raise national insurance contributions.

This was only compounded further on the discovery that a raft of frontline care providers – care homes, hospices, care charities, pharmacies, GPS, to name but a few – found themselves not exempt from the NI rises, leaving them with crippling staff bills and the threat of closure and redundancies.

He talks about joy. There was no joy when we inherited the mess that they left back in July.

The chancellor took into account the impact of changes to national insurance when she allocated an extra £26bn to the Department of Health and Social Care.

There are well established processes for agreeing funding allocations across the system, we are going through those processes now with this issue in mind.

The British government needs to start now indicating for them what they believe is the tipping point at which they believe a referendum would be called.

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Minister pledges better protection for UK airline passengers

Louise Haigh says she hopes to ensure a repeat of the air traffic control failure of August 2023 never happens again

Airline passengers will benefit from tougher enforcement of consumer protection laws following an inquiry into the August 2023 air traffic control meltdown, transport secretary Louise Haigh has said.

She said she wants to ensure “all passengers feel confident when they fly”.

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Streeting’s hospital league table plan riles NHS medics and bosses

Health secretary says controversial scheme for trusts in England is necessary to raise standards

Wes Streeting plans to publish a football-style league table of the best- and worst-performing hospitals in England, prompting fury from NHS bosses and staff at the prospect of struggling trusts being “named and shamed”.

The health secretary will announce the controversial move on Wednesday to an audience of health service leaders and defend it as a “tough” but necessary way of raising care standards.

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We can hit UK’s big carbon cut without disruption to people’s lives, says Starmer – UK politics live

PM confirms target of 81% emissions cut at Cop climate summit but says ‘I’m not going to tell people how to live their lives’

Leadbeater introduces the next speaker, Nat Dye, who has terminal cancer. She says she thinks his views are the most important for people to hear at this press conference.

He says he has known “positive” experiences of death. His fiance and his mother both had relatively peaceful deaths. He says palliative care can work for some people.

Imagine I am dying and palliative care hasn’t improved. Well, I have no choice whatsoever: I die in pain or I die in pain.

I see this as a chance just to act with kindness and a choice for people at their darkest hour.

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Starmer refuses to back Justin Welby after clamor for archbishop to resign

Prime minister says victims of serial abuser John Smyth ‘failed very, very badly’

Keir Starmer has refused to back the archbishop of Canterbury, who has faced growing demands to resign over his handling of an abuse scandal.

Pressure on Justin Welby has been intensifying since the publication last week of a damning report on the church’s cover-up of John Smyth’s abuse in the UK in the late 1970s and early 1980s, and later in Zimbabwe and South Africa. About 130 boys are believed to have been victims.

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Keir Starmer to unveil ambitious new UK climate goal at Cop29

Exclusive: Target is 81% emissions cut compared with 1990, but activists say it must be backed by plan of action

Keir Starmer will announce a stringent new climate goal for the UK on Tuesday, the Guardian can reveal, with a target in line with the advice given to the government by its scientists and independent advisers.

The UK will pledge to cut emissions by 81% compared with 1990 levels by 2035, a target in line with the recommendations of the Climate Change Committee, according to three people familiar with the matter.

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UK disability charities say NICs rise will cause ‘life-changing’ cuts

Groups providing vital services say impact of tax and minimum wage rises will lead to cutbacks

Charities have warned of “life-changing consequences” for a million vulnerable children and adults as a result of cuts to state-funded disability services driven by tax changes and wage rises announced in the budget.

The Voluntary Organisations Disability Group (VODG), which represents 100 charities in England, said Rachel Reeves’s decision to raise employers’ national insurance contributions (NICs) had been “ill thought through” and would put many local charity services at risk.

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Pay for NHS chiefs to be linked to performance with ‘no more rewards for failure’, Wes Streeting says – as it happened

This live blog is closed

Here are some of the main points from Jonathan Reynolds’s evidence to the Post Office inquiry so far this morning.

Reynolds said he accepted as business secretary he was responsible for ensuring the compensation scheme operated properly. He said in the past there had been “insufficient accountability”.

He said that since the general election there has been a “significant increase” in the pace at which compensation is being paid. The journalist Nick Wallis (who wrote a superb book, The Great Post Office Scandal) is live tweeting from the inquiry, and he quotes Reynolds as saying:

Since the general election there has been a significant increase in the pace at which compensation has been paid. The overall quantum of compensation is up in the last four months by roughly a third and the number of claims to which there has been an initial... offer being made in response to that claim has roughly doubled in the last four months [to] what it has been in the four months preceding the general election.

Home Office officials do not believe Labour’s plan to “smash the gangs” will work as a way of bringing down illegal migration to the UK, i can reveal.

They say that civil servants in the department have been “underwhelmed” by the approach that was being outlined again this week by Sir Keir Starmer and Home Secretary Yvette Cooper.

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Great Britain ‘lags behind’ Europe on betting ad regulation, says gambling charity

Public health concerns fuel restrictions across comparable markets, yet UK remains ‘lenient’

Great Britain “lags behind” Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem.

Restrictions on ads by bookmakers and casinos are increasingly becoming “the norm” across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK’s leading gambling charity.

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Nurses quitting profession early puts health reforms in England at risk, says union

Numbers leaving within 10 years of registering rose by 43% between 2021 to 2024, finds Royal College of Nursing

Increasing numbers of UK-trained nurses are set to leave the profession in England within a decade of registering, in a trend that could jeopardise the government’s overhaul of healthcare, according to a union.

More than 11,000 will have quit the register within their first 10 years on it, according to analysis by the Royal College of Nursing (RCN) of the latest official figures.

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Starmer to join Macron on Armistice Day in Paris to show European solidarity

British and French leaders will discuss Ukraine and defence amid fears for future of Nato after Trump’s re-election

Keir Starmer will join Emmanual Macron in Paris for the French Armistice Day service in a pointed show of European solidarity days after Donald Trump’s re-election, with Ukraine and defence on the agenda for private talks between the two leaders.

The visit will have a symbolic element with Starmer becoming the first UK leader to attend France’s national commemoration event since Winston Churchill in 1944.

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Nine boats carrying 572 people intercepted while crossing Channel

Total number of arrivals by small boats reaches 32,691 this year, up 22% on same time last year but fewer than in 2022

Nine boats carrying 572 people have been intercepted while attempting to cross the Channel, according to the Home Office.

The latest crossings come after Keir Starmer announced plans to tackle what he described as the “national security threat” of people smugglers, pledging an extra £75m and a new team of detectives.

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Labour under fire for failing to name MPs for key EU role

Calls for UK to work more closely with the EU on everything from defence and trade to immigration grow following Trump’s re-election

Keir Starmer’s government is coming under fire for having failed over more than four months to appoint new MPs and peers to a key EU-UK inter-parliamentary forum, as pressure grows for closer co-operation with the European Union after Donald’s Trump re-election to the White House.

Today in an article for the Observer online the MEP and former Italian government minister Sandro Gozi, recently elected as the new chair of the 70-strong UK-EU parliamentary partnership assembly (PPA), and the chair of the Labour Movement for Europe Stella Creasy MP say failure to reconstitute the PPA since the July general election is an issue that “urgently” needs to be addressed.

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Tory former energy secretary facing conflict of interest claim over JCB owner links

Shadow cabinet secretary Claire Coutinho accepted donation from Lord Bamford while overseeing millions awarded to his family businesses in green grants

A Conservative former cabinet ­minister who took donations from the billionaire boss of the JCB digger dynasty – including a £7,000 trip on his VIP private helicopter – oversaw decisions to award his family’s business empire millions in taxpayer-funded green energy grants.

Claire Coutinho also posed for ­pictures promoting Lord Bamford’s personal £100m hydrogen engine project and accepted a £7,500 donation from JCB to her local election campaign while she was the energy secretary in Rishi Sunak’s government.

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NHS in ‘last-chance saloon’, says former health secretary Alan Milburn

Milburn set to take senior health department role and says crisis is ‘million times worse’ than when he was in office

The NHS is “drinking in the last-chance saloon” and needs to change, the former health secretary Alan Milburn has said as he prepares to take up a senior role in the Department of Health.

Milburn, who brought about radical changes, such as the introduction of NHS foundation trusts, when he was a minister for Tony Blair, called for “cultural change” in the health service and said “big reforms will be needed to make it fit for the future”.

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Woman who fell to her death from Hackney council flat ‘was trying to fix drainpipe’

Coroner’s report finds Sarah McGreevy died after climbing on box on sixth floor balcony to unblock pipe repaired with tape

A woman who accidentally fell to her death from the sixth floor balcony of a Hackney council block was trying to fix a blocked drainpipe that had been repaired using “heavy duty tape”, a coroner has found.

Sarah McGreevy, 37, died on 16 June after climbing on to a wooden box on the balcony to manually unblock the pipe, a common practice among residents of the fifth and sixth floors of the building after heavy rainfall, according to the coroner’s report.

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