Category Archives: Politics

Chancellor pledges extra £500m for social homes in budget

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Treasury plans £5bn total investment in housing supply and a reduction in discounts under the right-to-buy scheme

The Treasury has announced an extra £500m for social homes in the budget, in what appears to be a compromise with the housing department, led by Angela Rayner, over the scale of ambition required in the sector.

The promise of an additional £500m for the government’s affordable homes programme (AHP) is intended to add up to 5,000 extra social homes. The Treasury said it will bring total investment in housing supply to £5bn.

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More than 1m households to get £420 budget boost in universal credit change

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Exclusive: move will cap amount that can be deducted from benefit payments to repay short-term loans and debts

More than 1m of the UK’s poorest households will be £420 a year better off on average as a result of a change to universal credit set to be announced in next week’s budget.

The measure is intended to primarily help the worst-off families, and will be seen as a way for ministers to head off criticism over decisions to cut winter fuel allowance for most pensioners and maintain the two-child benefit cap.

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UK to increase military presence in Indo-Pacific to counter China

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Keir Starmer to announce expansion in region that will also include business club to increase economic ties

The UK will increase its military and economic presence in the Indo-Pacific to support regional stability, Keir Starmer will announce on Saturday.

In an effort to counter China’s influence, ministers will expand the Royal Navy’s presence in the region and carry out more joint patrols with Pacific island nations.

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Brexit has put £370m a year on price of power from EU since 2021, experts say

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Trade body Energy UK also estimates total energy cost of leaving bloc could reach £10bn by end of decade

Brexit has added up to £370m a year to the price of power supplies from Europe, according to industry representatives who calculate that the total energy costs of leaving the EU could amount to £10bn by the end of the decade.

Energy UK, the sector’s trade body, has called on Keir Starmer to negotiate a closer trading relationship with the bloc as part of the “reset” he is seeking with Brussels.

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Labour to announce plans for five new UK freeports in budget

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Starmer says new low-tax zones, a policy inherited from the Tories, will ‘have this government’s stamp on them’

Downing Street will announce five new freeports in next week’s budget as part of its effort to drive economic growth.

Ministers will set out plans to establish five new low-tax zones, plus an investment zone in the East Midlands, where businesses will benefit from tax breaks such as lower tariffs and customs.

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No 10 clarifies ‘working people’ tax pledge amid confusion over definition – UK politics live

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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.

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NatWest urges Reeves to ‘get balance right’ when changing debt rules

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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.

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Group that emerged from Tory party hosts forum for Britain’s far right

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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.

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State-backed loans to go to firms importing critical minerals into UK

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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.

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Keir Starmer seeks 2030 host for troubled Commonwealth Games

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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”.

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Budget will reverse huge cuts in UK’s public investment, Reeves confirms

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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.

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Jeremy Hunt claims Labour changing debt definition will ‘punish families with mortgages’ – as it happened

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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.

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UK ‘open to discussing non-cash forms of reparatory justice’ for former colonies

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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.

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Keir Starmer urged to ‘engage’ on reparations at Commonwealth summit

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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”.

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Reeves to announce major change to fiscal rules releasing £50bn for spending

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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.

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Starmer says he wants to ‘look forward’ and not talk about slavery reparations

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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.

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Angela Rayner defends right of activists to campaign in US elections after criticism from Donald Trump – UK politics live

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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.

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Labour donor Waheed Alli found to have breached rules on register of interests

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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.

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Lloyds backs Reeves budget plans despite mooted tax increases

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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.

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Putin disrupting food aid for Gaza by attacking Ukraine ports, says Starmer

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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.

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