Category Archives: Labour

Reeves to promise ‘wealth and opportunity for all’ in major tax-raising budget

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Having announced minimum wage boost, chancellor to say she can spare working people from tax rises

The UK’s national minimum wage is to rise by a higher than expected 6.7% next year, Rachel Reeves has announced before a multi-billion pound tax-raising budget designed to act as the springboard for a decade of national renewal.

Insisting that the increase to £12.21 in the pay floor marks a significant step in Labour’s plan to support the low paid, the chancellor will also say she can spare working people from the tax increases intended to plug the hole in the public finances and avoid a fresh wave of found of public spending cuts.

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NHS will not be turned around in one budget, says Wes Streeting – UK politics live

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Health secretary says measures to be announced on Wednesday would ‘arrest the decline’ amid significant NHS reform

Kemi Badenoch, who is the bookies’ favourite to be the next Conservative leader, has told Times Radio that the contest is poised “neck and neck”.

Interviewed by Kate McCann, Badenoch told listeners:

People are tired of the party looking like it is not out working for the people out there. That is what I want to bring: integrity, and a focus on conviction and conservative values.

There is something very significant that is going on, we are picking a leader of the opposition. People have a choice.

This is a sacrifice, because I worry about the direction of the country.

I worry about a lot of decisions we make, and us not being honest with the public about the serious trade-offs that are going to be required, and not saying enough about how the world is becoming a more dangerous place.

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Mike Amesbury urged to resign as MP after ‘bridge row’ altercation

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Witness reportedly says Runcorn and Helsby MP and second man were arguing about temporary bridge closure

The Labour MP who punched a constituent in the early hours of Saturday morning has been urged to resign, as it was reported that the pair rowed over the closure of a local bridge.

Mike Amesbury was suspended from the party over the weekend and has had the whip withdrawn after videos emerged of the altercation in Frodsham, in his constituency in Cheshire.

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Lindsay Hoyle criticises chancellor Rachel Reeves for early disclosure of budget details – UK politics live

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Speaker of the House of Commons says it is ‘evident’ Reeves made significant policy announcements in the media, rather than parliament

Jeremy Corbyn and the independent alliance of MPs have issued a letter ahead of the budget with five things they are asking Chancellor Rachel Reeves to implement.

Saying “We have the means to end poverty, we just need the political will”, Corbyn listed five priorities:

Scrap the two-child benefits cap

Reverse cuts to winter fuel

Tax wealth

Protect welfare

Invest in a greener future

It is a national scandal that 4.2 million children and 2.1 million pensioners are living in poverty in the sixth richest country in the world.

You have previously told the British public to prepare for “difficult decisions” to repair this nation’s finances.

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‘Cock-up with the comms’: how Labour announced five non-existent freeports

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Erroneous announcement traced back to briefing note prepared by Treasury officals, ahead of PM’s Samoa trip

When Keir Starmer announced a shake-up in his No 10 operation last month he hoped to put an end to the missteps of his first few months in office. But an embarrassing error by Downing Street this weekend demonstrates how many pitfalls there are for a new government still learning the ropes.

In a press release on Friday, Downing Street said five new freeports would be announced in the budget. The Guardian and other outlets covered the news, which was given first to reporters who had travelled with Starmer to Samoa for the Commonwealth summit. Both the prime minister and his aides answered questions on the policy they had unveiled.

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London’s Aim shrinks to smallest since 2001 amid fears of tax relief changes

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UHY Hacker Young says 92 companies have delisted and only 10 floated on junior stock market in past year

The UK’s Alternative Investment Market (Aim) has shrunk to its smallest size in 23 years as business owners and investors anticipate an abolition of inheritance tax relief in the budget this week.

The accountancy group UHY Hacker Young calculated that 92 companies have delisted from Aim, London’s junior stock market, in the past year, reducing the total number of companies on Aim to 695.

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Keir Starmer vows to ‘embrace harsh light of fiscal reality’ ahead of budget

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PM will defend Labour plans in speech and insist working people need better public services more than lower taxes

Keir Starmer will promise to “embrace the harsh light of fiscal reality” on Monday as his chancellor prepares to unveil a budget that includes billions of pounds’ worth of tax rises and spending cuts.

The prime minister will give a speech in the West Midlands defending Labour’s approach to the economy, as Rachel Reeves prepares to announce what she promises will be as momentous a budget as any in the party’s history.

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Labour suspends MP Mike Amesbury after video appears to show him punching man

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Footage appears to show MP for Runcorn and Helsby knocking man to ground before aiming six more blows at his head

Labour has suspended the whip from the MP Mike Amesbury after footage appeared to show him punching a man to the ground, the party said.

A video published by the Mail appeared to show Amesbury, the MP for Runcorn and Helsby, hitting the man in the face and knocking him to the floor, before standing over him and aiming six more blows at his head.

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Keir Starmer appoints former Blair and Brown aide as his political director

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Claire Reynolds, the director of Labour Women’s Network, will take on task of liaison between No 10, party and MPs

Keir Starmer has appointed a former aide to Tony Blair and Gordon Brown as his new political director in Downing Street.

The prime minister has given the senior role to Claire Reynolds, the director of Labour Women’s Network, who was credited with helping get 100 new female MPs elected this summer.

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OBR to publish breakdown of claimed £22bn ‘black hole’ on budget day

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Former chancellor Jeremy Hunt says decision to publish findings of review on Wednesday is ‘significant concern’

Britain’s fiscal watchdog is to publish a detailed breakdown of the £22bn “black hole” that Labour says it inherited after Rachel Reeves presents the budget on Wednesday.

The Office for Budget Responsibility will release the conclusion of its review of how the forecast for departmental spending for its last economic and fiscal outlook, published for the March budget, was prepared.

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Reeves: ‘My budget will match greatest economic moments in Labour history’

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The chancellor says she will invest to reverse Tory decline, but stands accused of breaking party manifesto promises

Labour will launch a new era of public and private investment in hospitals, schools, transport and energy as momentous as any in the party’s history in this week’s budget, the chancellor, Rachel Reeves, has said.

In an interview with the Observer before the first budget by a female chancellor, Reeves draws comparisons with Labour’s historic reform programmes begun in 1945 by Clement Attlee, in 1964 under Harold Wilson and in 1997 under Tony Blair.

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Cheshire MP ‘will cooperate’ with police after reports of alleged assault

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Labour’s Mike Amesbury says he felt ‘threatened’ after footage appears to show him berating man lying on road

The MP Mike Amesbury said he will “cooperate with any inquiries” police have as officers investigate reports of an alleged assault involving the Labour backbencher in Cheshire.

Amesbury, 55, said an incident on Saturday had left him feeling “threatened” after footage circulated online appearing to show him berating a man who was lying on the road before a bystander pushed him away.

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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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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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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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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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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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