PM hinted at tax rises for those who earn income from shares and property, saying they did not fit his definition of ‘working people’
Downing Street is blocking moves to include a ban on smoking outdoors in the upcoming Tobacco and Vapes bill amid fierce opposition by the hospitality trade.
No 10 officials privately believe that banning people from lighting up in pub gardens is “an unserious” policy and is not backed by good evidence showing that it harms non-smokers.
Continue reading...Bank’s boss says chancellor must signal intentions clearly amid risk to borrowing and mortgage rates
Rachel Reeves must “get the balance right” when announcing changes to Britain’s debt rules in next week’s budget given the potential knock-on effects to borrowing and mortgage rates, the boss of NatWest has said.
The bank’s chief executive, Paul Thwaite, said markets would be sensitive to the chancellor’s reasons for releasing up to £50bn of borrowing headroom after she confirmed in Washington on Thursday that she planned to rewrite her fiscal rules.
Continue reading...Traditional Britain Group’s London conference includes speaker from Germany’s AfD party and far-right activists
A group that emerged out of a faction of the Conservative party has become a forum for Britain’s splintered far right.
A private conference hosted earlier this month by the Traditional Britain Group (TBG) was attended by figures from the Homeland party, an extreme nationalist group, as well as rivals from other groups such as Patriotic Alternative.
Continue reading...Rachel Reeves to encourage import of raw materials from Commonwealth countries to counter China’s grip on market
Businesses that import critical minerals to the UK will be given access to state-backed loans in a move to counter China’s dominance in the market.
The chancellor, Rachel Reeves, is expected to announce extra government support to encourage the import of critical minerals such as lithium, graphite and cobalt in her budget next week. Companies that bring supplies of critical minerals into the UK will be able to access state-backed loans under the UK export finance mechanism.
Continue reading...Prime minister trying to secure tournament’s future at Commonwealth summit in Samoa
Keir Starmer will try to find a host country for the 2030 Commonwealth Games this week as ministers try to shore up the tournament’s future.
The prime minister’s spokesperson said Starmer wanted to see “a successful Commonwealth Games from 2030” and would spend time at this week “talking to partners about who may be interested in taking that forward”.
Continue reading...Chancellor pledges to spend, but says there will be no Truss-style splurge when she changes fiscal rules in budget
Rachel Reeves will pledge to reverse huge cuts in public investment in her budget next week after she confirmed that rules limiting her spending power will be overhauled to enable the government to release as much as £50bn for infrastructure spending.
The chancellor said she would revise how the Treasury calculated shortfalls in the government budget over the rest of the parliament to free up funds to invest in public infrastructure.
Continue reading...Former chancellor says ‘increasing borrowing means interest rates would be higher for longer’ as Reeves says it will ‘make space for investment’
Nigel Farage, the Reform UK leader, has said that “no one knows” who Robert Jenrick, the Tory leadership contender, is.
Of the two candidates left in the contest, Jenrick is the one who is doing most to appeal to Tories who defected to Reform UK, because he is saying Britain should leave the European convention on human rights.
I know the fella. Is he the chap that one day was on the very much on the left of the Conservative party and is now on the right of the Conservative Party?... No one knows who he is.
I’m sure government can agree that support and providing opportunities for young people should be central to the policy of any government. We are glad to see the government working to build closer economic and cultural ties with Europe. We want to forge a new partnership with our European neighbours, built on cooperation, not confrontation and move to a new comprehensive agreement.
We must build rebuild confidence through seeking to agree partnerships or associations helping to restore prosperity and opportunities for British people.
We are not going to give a running commentary on the negotiations. We will obviously look at EU proposals on a range of issues, but we are clear that we will not return to freedom of movement.
Continue reading...Starmer under pressure from Caribbean countries at Commonwealth talks but is refusing payments or apology
Keir Starmer has opened the door to non-financial reparations for the UK’s role in the transatlantic enslavement, as he came under pressure from Commonwealth leaders to engage in a “meaningful, truthful and respectful” conversation about Britain’s past.
While Downing Street insists that the wider issue of reparations is “not on the agenda” of this week’s Commonwealth heads of government (Chogm) gathering in Samoa, No 10 has accepted it is likely to be referenced in the end-of-summit communique.
Continue reading...Call from head of Caribbean reparations body comes as Bahamas foreign minister claims UK PM will change his position
Britain has a legal and moral case to answer over its historical role in slavery, the chair of the Caribbean’s slavery reparation commission has said, as Keir Starmer continues to reject calls to put the issue on the agenda at the Commonwealth summit.
Responding to the British prime minister’s insistence to “look forward” rather than have “very long endless discussions about reparations on the past” when he meets 55 other country leaders on Friday, the distinguished Caribbean historian Sir Hilary Beckles, who chairs the Caribbean governments’ reparations body, articulated the region’s call to the British government and institutions to “engage in a compassionate, intergenerational strategy to support postcolonial reconstruction”.
Continue reading...After weeks of speculation, chancellor will tell IMF in Washington that UK’s debt measure will be redefined to permit borrowing for investment
Rachel Reeves will announce at the International Monetary Fund a plan to change Britain’s debt rules that will open the door for the government to spend up to £50bn extra on infrastructure projects.
After weeks of speculation, the chancellor will confirm at the fund’s annual meetings in Washington on Thursday that next week’s budget will include a new method for assessing the UK’s debt position – a move that will permit the Treasury to borrow more for long-term capital investment.
Continue reading...UK prime minister would rather work with nations on ‘future-facing challenges’ at Commonwealth summit
Keir Starmer has insisted he wants to “look forward” rather than have “very long endless discussions about reparations on the past” in his first comments on the issue before the Commonwealth summit.
The prime minister is under pressure to discuss reparatory justice with Commonwealth countries, most of which are former UK colonies, in Samoa this week.
Continue reading...Comment follows accusation from Trump campaign that Labour staffers had been interfering in US election
The Labour party has put out a statement rejecting allegations that it broke US election law because activists and staff members have been volunteering to help the Democrats.
A Labour spokesperson said:
It is common practice for campaigners of all political persuasions from around the world to volunteer in US elections.
Where Labour activists take part, they do so at their own expense, in accordance with the laws and rules.
We said that because working people had already paid the burden under the last government, we wouldn’t increase the taxes, the main taxes that working people pay, so income tax - all rates - national insurance and VAT. So those taxes that working people pay, we’re not increasing those taxes in the budget.
We go into this budget with a number of challenges - the £22bn black hole just this year, in the public finances, the unfinanced company compensation schemes, for example on infected blood and Horizon, it’s really important that we honour but they weren’t in the forecasts from the previous government.
The fact that the previous government had baked in austerity to our public spending settlements in the years to come, and we committed to not return to austerity.
Continue reading...Findings by House of Lords standards commissioner do not relate to party donations but to way he registered business interests
The Labour donor and strategist Waheed Alli has been found to have breached House of Lords rules over his declarations of interest, including in an an offshore firm based in the British Virgin Islands.
The findings by the House of Lords standards commissioner do not relate to Lord Alli’s donations to Keir Starmer or the Labour party, but to errors in the way he had registered his business interests. The peer apologised in writing and updated the record.
Continue reading...Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it
Lloyds Banking Group has backed the Labour government’s forthcoming budget and played down the impact of any tax increases, which it said would probably be part of a “constructive, pro-growth agenda”.
The chief financial officer of the UK’s biggest mortgage lender, William Chalmers, said he would welcome a budget package that was consistent with government pledges to kickstart growth and investment in key areas such as energy, infrastructure and housing.
Continue reading...Russian president ‘willing to gamble on food security’ by stepping up strikes on grain ships, says UK prime minister
Keir Starmer has accused Vladimir Putin of disrupting food supplies to Gaza after British intelligence suggested Russia had stepped up its attacks on Ukrainian ports.
Starmer said it was clear the Russian president was “willing to gamble on global food security” after several grain ships en route to developing countries were damaged by Russian strikes.
Continue reading...New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%
The International Monetary Fund has warned the trade tariffs favoured by US presidential candidate Donald Trump could hurt global growth, as it upgraded its forecast for the UK economy.
The Washington-based organisation said tariffs trigger tit-for-tat trade wars that impoverish the economies involved in the dispute and the wider global economy.
Continue reading...Downing Street says government ‘shocked’ at inheriting prisons crisis as hundreds of prisoners get early release. This live blog is closed
The funeral of Alex Salmond, the former Scottish first minister who died suddenly earlier this month after delivering a speech in North Macedonia, will be held on Tuesday 29 October, his family has announced.
The funeral will be at Strichen parish church in Aberdeenshire. It will be conducted by Rev Ian McEwan, a friend of the family, and only family and close friends are invited. Salmond will be laid to rest in Strichen cemetery.
According to the Eurostat data, England and Wales had 144 prisoners per 100,000 head of population, the 8th highest rate among EU countries and the highest amongst western European jurisdictions. Scotland had the 9th highest with 137 prisoners per 100,000. Northern Ireland had 76 prisoners per 100,000 of population and was ranked 24th.
Continue reading...Rahima Mahmut, in exile in the UK, ‘disappointed’ at failure to describe Beijing’s crackdown on minority as genocide
A leading Uyghur activist has accused the Labour government of “falling behind” its allies in failing to stand up to China, after ministers backtracked on plans to push for formal recognition of the country’s treatment of the minority group as genocide.
Speaking after David Lammy’s first visit to China as UK foreign secretary, the human rights activist Rahima Mahmut, who has lived in exile in the UK since 2000, said she had hoped there would be a shift in UK policy once the party came into power, including following the US in declaring a continuing genocide in Xinjiang.
Continue reading...Move could raise £24bn a year say signatories including Jeremy Corbyn as polls suggest public support
A cross-party group of 30 MPs has urged Rachel Reeves to impose a wealth tax on Britain’s rich in next week’s budget rather than announce spending cuts that would hit the most poor hardest.
In a letter to the chancellor, the MPs – including the former Labour leader Jeremy Corbyn and his then shadow chancellor, John McDonnell – say she could raise £24bn a year from a 2% tax on wealth above £10m and lay the foundations for a fairer, more sustainable economy.
Continue reading...HMRC and FCA asked to look into property deals with Saifuzzaman Chowdhury now under investigation for corruption in Dhaka
British regulators have been urged by MPs to examine the relationship between London estate agents, lawyers and lenders and a former Bangladeshi government minister under investigation for alleged corruption.
Saifuzzaman Chowdhury was the land minister in Bangladesh until earlier this year, when the government of Sheikh Hasina was spectacularly toppled, after her regime’s violent suppression of student protests.
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