Up to 10,000 people will have to be rehoused if Heathrow third runway goes ahead, John McDonnell says – UK politics live

MP for Hayes and Harlington, whose constituency includes Heathrow, says homes will either be unliveable or need to be demolished

Q: Are doctors able to recognise depression? And can they decide if that affects someone’s capacity to make a decision about their health?

Whitty says doctors can identify depression. But he says it is harder for them to assess if that is affecting capacity.

That’s where help from colleagues from psychiatry, mental health more widely, is going to be useful. But that should be good medical practice, in my view, under all circumstances.

Certainly what I wouldn’t want is to be in a situation where the existence of the fact that someone who has a terminal diagnosis has some degree of low mood in itself just rules them out from any kind of medical intervention, this or any other. That shouldn’t be the case.

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Inflation figures to ‘make or break’ the case for an Australian pre-election February rate cut

Release of December quarterly CPI may be the most politically consequential set of numbers in recent times

Inflation figures due out on Wednesday could “make or break” the case for a pre-election rate cut next month, according to economists, in one of the most politically consequential set of numbers of recent times.

The market is pricing in an 84% chance of a 25 basis-point rate cut when the Reserve Bank of Australia (RBA) meets mid-next month, although those odds will rise or fall based on the December quarterly consumer price index.

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Government under pressure on economy as British households anticipate worsening finances

CBI says businesses plan to cut jobs and raise prices while debt charity says millions are ‘facing worries’

The government is under growing pressure to get momentum back into the economy amid warnings that businesses plan to cut jobs and raise prices, while millions of families believe their finances will worsen this year.

Before a major speech this week by the chancellor, Rachel Reeves, designed to restate Labour’s commitment to improving the economy, the CBI said private sector firms were urgently assessing their budgets to offset measures announced in last October’s budget.

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Hospitality firms ‘to incur £1bn costs from employer NICs on 774,000 more workers’

Industry body says businesses and jobs at risk unless Rachel Reeves’s tax changes delayed or altered

The hospitality industry will incur an extra £1bn of costs for 774,000 of its workers who will be newly eligible for employer national insurance contributions from April, endangering jobs and businesses, a leading industry body has claimed.

UKHospitality, which represents thousands of restaurants, hotels, pubs, cafes and nightclubs, is calling on the government to delay or alter changes to the tax announced in Rachel Reeves’s October’s budget in order to protect jobs.

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‘So immoral’: gig economy workers forced to pay fee to receive their wages

Retail assistants on low pay using YoungOnes platform docked cash or told to wait up to 30 days for earnings

Retail assistants have accused a gig economy firm of “holding them to ransom” by making them pay a fee if they want to receive their wages within a month.

A new payment system brought in by YoungOnes, which supplies “freelance” retail assistants to many well-known high street stores, charges gig workers 4.8% of their earnings to be paid in one minute or 2.9% to be paid in three days. If they decline, they typically have to wait 30 days. Previously the workers were paid in three days, without a charge.

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Rachel Reeves heads to China to build bridges, but a new golden era of relations is impossible

Seeking business partners post-Brexit is sound policy, but even in these darker geopolitical times the UK will ultimately side with the US

Rachel Reeves will fly with a delegation of City grandees to China this week as Labour seeks closer economic links with Beijing as part of its quest for growth.

With the outlook increasingly rocky at home after a run of soft economic data, the chancellor is sorely in need of a positive story to tell.

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Swinney to warn opposition of fuelling populism if Scottish budget not passed

Scottish Labour, Greens and Lib Dem MSPs accuse first minister of ‘creating false narrative’

John Swinney, Scotland’s first minister, will warn opposition parties that they will fuel populist forces if they prevent his budget from being passed this month.

In a keynote speech in Edinburgh on Monday to mark the new year, Swinney will say Scottish voters would be astonished and public services damaged if MSPs fail to allow the budget to go through.

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UK ministers warned housing crisis puts plans for NHS and economy at risk

Damning report reveals millions in England are living in poor-quality housing that threatens their health

Ministers have been warned that efforts to save the NHS and grow the economy will fail unless they tackle the housing crisis, as a damning report reveals millions of people are living in substandard homes that risk worsening their health.

In total, 4.5 million people aged 50 or above with an existing health condition in England are living in poor-quality housing with one or more problems such as rising damp, rot or decay that may be making them even sicker, the Centre for Ageing Better analysis found. Of those, 1.7 million are aged 70 or over.

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Mexico announces record drug seizure one week after Trump threatens tariffs

Soldiers and marines discover drugs in Sinaloa, while separately authorities arrest more than 5,200 migrants

Mexican security forces have impounded more than a ton of fentanyl pills in what officials have called the biggest seizure of the synthetic opioid in the country’s history.

Soldiers and marines found the fentanyl at two properties in the northern state of Sinaloa, late on Tuesday – exactly a week after Donald Trump threatened to impose 25% tariffs on products from Canada and Mexico unless the two neighbouring countries cracked down on the flow of immigrants and drugs across their borders with the US.

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South Western Railway to become first train operator nationalised under Labour

As part of a comprehensive programme of renationalisation, the service will come under public ownership in May

South Western Railway will be the first train operator nationalised under the Labour government, ministers have announced.

One of the UK’s biggest commuter services, which operates out of London Waterloo, it will be taken into public hands in May.

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Trudeau in Florida to meet Trump after tariffs threat – reports

Canada’s PM to dine with US president-elect at Mar-a-Lago resort, news reports say, days after Trump threatens 25% tariff on Canadian imports

The Canadian prime minister, Justin Trudeau, has arrived in Palm Beach, Florida, ahead of a meeting Donald Trump at his Mar-a-Lago resort, according to media reports, days after the US president-elect threatened the US’s neighbour with import tariffs once he takes office.

The Canadian prime minister’s public itinerary does not list a scheduled visit to Florida. Neither Trudeau’s office nor Trump’s representatives immediately responded to requests for comment.

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Trump’s tariff threat sets stage for bitter global trade war

Trade experts hail ‘new era of protectionism’ with targeted countries retaliating with their own tariffs

Donald Trump’s threat to impose steep tariffs on goods imported into the US has set the stage for a bitter global trade war, according to trade experts and economists, with consumers and companies warned to brace for steep costs.

The president-elect announced on Monday night that he intends to hit Canada, Mexico and China with tariffs on all their exports to the US – until they reduce migration and the flow of drugs into the country.

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Premier League and Channel 4 to train teenagers in Labour’s £45m work drive

Ministers to announce sweeping changes to welfare and out-of-work support, aiming to get people off benefits

Teenagers will get skills training at the Premier League, Royal Shakespeare Company and Channel 4 as part of a government drive to get hundreds of thousands into jobs or education and make sure “no young person is left behind”.

Some of Britain’s biggest cultural and sporting institutions will provide work or training opportunities as part of a £45m “trailblazer” scheme across eight English regions, including Liverpool, Tees Valley and the East Midlands.

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UK’s inflation jump dashes hope of interest rate cut in December | Heather Stewart

Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 2.3%

Any lingering hope that the Bank of England might deliver a pre-Christmas interest rate cut next month appears to have evaporated, after official data showed inflation jumping to 2.3% in October.

The CPI measure had been expected to tick up, after dipping to 1.7% in September, but 2.3% was stronger than expected.

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Keir Starmer to restart UK-India talks after previous negotiations stalled

Whisky and migration thwarted earlier deal but UK PM hopeful of reaching agreement with Narendra Modi

Keir Starmer is to restart the aborted UK-India trade talks in the new year after an agreement stalled amid disagreements over whisky tariffs and migration.

No progress has been made on the deal since early this year after the last round of talks concluded. As prime minister, Boris Johnson promised a swift deal, but Rishi Sunak was said to be deeply uneasy with some of the provisions that had been negotiated by his predecessor. Talks were put on hold in March while both countries prepared for general elections.

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Keir Starmer denies budget to blame for rise in mortgage rates

PM says budget stabilised the economy, while mortgage rates are ‘individual decisions for the banks’

Keir Starmer has conceded he was disappointed in the UK growth figures last week, but denied that his government’s budget was responsible for a recent rise in mortgage rates.

The prime minister told journalists travelling to the G20 summit in Rio: “What we have done with the budget is to stabilise the economy and that, in my view, was the essential first step.

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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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Shrinking GDP forecast adds to German woes after coalition collapse

European Commission figures predict German economy, usually the engine of the EU, will contract O.1% this year

Germany’s looming general election will be fought against the backdrop of a stagnating economy, the European Commission has forecast, with GDP expected to have contracted in 2024.

The commission’s quarterly forecast suggested Germany, traditionally the engine of the bloc’s economy, will be its weakest performer in 2025, notching up growth of just 0.7% after shrinking by 0.1% this year.

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EU leaders vow to make bloc more competitive in face of Trump threat

Budapest meeting finds consensus on need to raise growth and productivity as ‘America first’ protectionism looms

EU leaders meeting in Budapest have signed a declaration aimed at boosting the bloc’s ailing competitiveness – a task given added urgency by the threat of “America first” protectionist trade policies promised by the US president-elect, Donald Trump.

The bloc has too many barriers to innovation and must drastically reduce red tape, especially for startups; ramp up investment; make access to capital easier; and raise productivity, the European Commission president, Ursula von der Leyen, said on Friday.

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City analysts overwhelmingly predict Bank of England interest rate cut

Rare agreement among forecasters gives 96% chance of today’s MPC meeting cutting borrowing costs to 4.75%

The Bank of England policymakers are widely expected to cut borrowing costs for businesses and homeowners by reducing official interest rates from 5% to 4.75% when they meet later today.

Financial markets are overwhelmingly forecasting that the Bank’s nine-strong monetary policy committee (MPC) will reduce rates for a second time when it announces its latest decision at noon.

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