Sunak suffers defeats in House of Lords over Rwanda bill – as it happened

Prime minister suffers defeats in House of Lords over Rwanda bill. This live blog is closed

There will be one urgent question in the Commons today at 3.30pm, on the Home Office’s decision to publish 13 reports from the former independent chief inspector of borders and immigration last week on Thursday afternoon.

The former minister Paul Scully has announced he will stand down at the next election in a statement suggesting the Conservative party has “lost its way” and is heading down “an ideological cul-de-sac”.

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Hunt scrambles to raise revenue as OBR slashes scope for tax cuts in budget

Chancellor considers unexpected tax rises such as abolishing non-dom status after latest forecast

Jeremy Hunt’s scope to make tax cuts in next week’s budget has been reduced further this week, according to Treasury insiders, leaving the chancellor considering emergency measures to raise revenue.

Recent forecasts from the Office for Budget Responsibility (OBR) are said to have given the chancellor less fiscal headroom than hoped, pushing him to consider unexpected tax rises such as abolishing the non-dom tax status.

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Jeremy Hunt ‘could adopt Labour tax-raising plans’ – as it happened

Chancellor reportedly considering energy windfall levy as well as scrapping the non-dom status

The Conservative peer and former MP Stewart Jackson has also made the point about Rishi Sunak’s comments yesterday echoing what Suella Braverman has been saying. (See 9.25am.) He suggests Sunak is a weathercock, “buffeted by events”.

Rishi Sunak is now saying what #SuellaBraverman rightly said four months ago, and for which she was sacked. Tony Benn astutely divided politicians as between signposts and weathercocks. One can think ahead, the other is buffeted by events. We know which one is which, don’t we?

We commend the prime minister on his powerful speech at the CST dinner last night, pledging more funding to protect the Jewish community, outlining a new protocol to safeguard our elected representatives and effectively police protests, and drawing a clear line between democratic dissent and mob intimidation.

The last few months have seen an extreme rise in antisemitic hate in the UK, which has had a significant effect on British Jews. The prime minister’s announcement has made it clear - those bringing chaos to our streets and academic institutions will no longer be allowed to act with impunity.

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Jeremy Hunt’s budget giveaway ‘will act as sweet filling in tax sandwich’

Thinktank says juicy cuts this year follow far bigger increases in 2023 and precede planned ‘chunky rises’

Jeremy Hunt’s expected pre-election giveaway budget will be sandwiched between £20bn of tax increases already implemented and a further £17bn of hikes pencilled in for after polling day, a thinktank has said.

The Resolution Foundation said it expected Hunt to freeze fuel duty and cut income tax on 6 March but warned the chancellor’s “tax sandwich” was based on the “fiscal fiction” of £30bn of spending cuts in the next parliament.

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Sunak is warned spending squeeze could lead to Conservative party wipeout at election

As fresh party infighting erupts after two byelection losses, the right are targeting public service funding to pay for tax cuts while others urge restraint

Rishi Sunak is being warned he risks taking his party further towards disaster by sanctioning a new public spending squeeze in a desperate pursuit of pre-election tax cuts, as more Tories said they feared an election wipeout.

With more infighting erupting this weekend after two huge byelection losses in former safe seats, Treasury officials are examining cuts to public spending should they be needed to fund tax cuts, demanded most vociferously by the right of the party.

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Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Treasury looking at reducing projected rise in public spending from 2025, FT reports citing insiders

Jeremy Hunt is considering making billions of pounds of spending cuts to fund pre-election tax cuts in the next budget, according to a report.

The chancellor is looking at “further spending restraint” after 2025 if official economic forecasts suggest he does not have enough headroom to pay for “smart tax cuts”, the Financial Times reported, citing Treasury insiders.

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Rishi Sunak paid effective tax rate of 23% on £2.2m income last year

Low capital gains rate and US location of funds mean tax bill of £508,000 much less than under top income rate of 45%

Rishi Sunak paid more than half a million pounds in tax in 2023 after making a £1.8m profit on his holding in a US investment fund, a summary of his tax affairs shows.

The prime minister published the document on Friday, showing he paid a tax bill of £508,308 in the financial year 2022-23 on overall earnings and gains of £2.23m.

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Local authority leaders criticise Sunak’s call for ‘restrained’ council tax rises

Prime minister’s comments ‘remarkable’ given government cuts to town hall funding in England, say LGA bosses

Council leaders in England have criticised Rishi Sunak for demanding that local authorities show “restraint” in putting up council tax bills, saying the government is to blame for underfunding.

The prime minister on Friday called for authorities to be “restrained in the council tax rises they put in place”, saying it was “incumbent on local councils to be respectful of the demands on people’s family budgets”.

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Jeremy Hunt suggests tax cuts in budget won’t match last year’s £20bn giveaway – UK politics live

The chancellor said he wanted to manage people’s expectations ahead of the spring budget

The UK needs a government guided by clear purpose, Reeves says.

Labour has set out five missions. But they are all tied to the economic mission – to raise growth.

These are the symptoms of economic decline.

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Chancellor considers further national insurance cut to take heat off Rishi Sunak

Jeremy Hunt targets further reduction in ‘jobs tax’ in March budget

The government is considering handing workers another tax cut with a further reduction in national insurance, amid desperate attempts to move on from a campaign to destabilise Rishi Sunak by the Tory right.

With frustration within the cabinet that the Conservative party has been unable to free itself from internal warring over Sunak’s immigration plans and leadership, the prime minister and his chancellor, Jeremy Hunt, are focusing on the tax cuts that will frame their election pitch.

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Labour to unveil plans for City at forthcoming business conference

Exclusive: more than 500 bosses from finance world will be in attendance at sold-out event in London

Labour will use its sold-out business conference next week to unveil the party’s City policy plans, the Guardian can reveal, as it tries to win over hundreds of UK executives before a general election.

More than 500 bosses from across British finance will gather in London on 1 February for the event, where opposition leaders including Sir Keir Starmer, his shadow chancellor, Rachel Reeves, and the shadow business secretary, Jonathan Reynolds, plan to “showcase Labour’s offer to business”.

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Jeremy Hunt claims Nigel Lawson’s mantle as he teases tax cuts

Hunt draws comparisons with Thatcher’s tax-slashing chancellor as he claims UK is ready for economic boom

Jeremy Hunt has compared himself to former tax-cutting chancellor Nigel Lawson, as he joined Rishi Sunak in teasing further potential cuts in the spring budget.

Writing in the Mail on Sunday, the chancellor drew comparisons with the late Lawson, who was known for slashing personal taxation while serving in the Thatcher government.

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Labour considers non-dom tax plan that would raise £1bn less than initial pledge

Party may allow non-domiciles to live in Britain for four years before ending tax break, it is understood

Labour plans to scrap non-dom tax breaks would raise about a billion pounds less than the £3.2bn previously claimed, under an option being considered to allow a four-year grace period for those with the status.

Research suggesting that scrapping the breaks could raise £3.2bn a year was cited by Labour when it announced the plans in 2022 to scrap rules allowing some wealthy people to avoid tax on foreign earnings if they have lived in the UK for less than 14 years.

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Sunak says he wants to reduce workers’ taxes this year and may cut benefits

PM sets up possibility of income tax coming down in March and says control of welfare is a priority

Rishi Sunak has said he wants to cut taxes for working people further this year, possibly cutting welfare payments to fund it.

The prime minister said on Sunday his priority before the budget in March would be further tax cuts, which he said would entail stricter controls on public spending and benefits.

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Rishi Sunak says his ‘working assumption’ is that general election will take place in second half of 2024 – UK politics live

PM appears to rule out spring election after recent speculation it could be held in May

Starmer says being in opposition is frustrating, and he accuses the Tories of treating it as performance art.

He is now on the passage about his career in public service that was posted earlier. See 9.12am.

If you’ve been breaking your back to keep trading, steering your business through the pandemic, the cost-of-living crisis, the challenge of Brexit and the chaos of Westminster.

If you’ve been serving our country, whether in scrubs or the uniform of your regiment and what you want now is a politics that serves you, then make no mistake - this is your year.

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Jeremy Hunt fuels election speculation as 6 March spring budget announced

Chancellor has asked the OBR to prepare forecasts for the economy and public finances to be presented to parliament

Jeremy Hunt has announced that a spring budget expected to feature a host of tax cuts will be held on 6 March, fuelling speculation over an early general election.

While government sources insisted nothing should be read into the date, it is the earliest the set-piece fiscal event has been held in 13 years of Conservative government – apart from 2021 when the Treasury was trying to kickstart the economy after Covid.

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How a spring UK budget could fire the starting gun for an early election

UK economic prospects are bleak but an agenda-setting fiscal event such as sweeping tax cuts in March offers another roll of the dice

To grasp the nettle, or wait in the hope that things somehow miraculously improve. This is the choice Rishi Sunak will be weighing for the next general election, as the Conservatives limp towards the finishing line of another challenging year.

After Jeremy Hunt announced the government would hold an earlier than anticipated budget, with a date set for 6 March, the possibility of a poll in May, in the afterglow of some electioneering tax cuts, is clearly being given considerable thought.

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Sunak rebuked by UK’s statistics watchdog for making misleading claim about government debt – as it happened

The prime minister has been facing questions on his government’s performance from senior MPs on the Commons liaison committee

Social care leaders felt “blindsided” by recently announced changes to visa rules banning care workers from bringing their families to the UK and have “grave concerns” it could drive people from the sector, the Commons health committee heard this morning. PA Media has filed this from the hearing.

The head of Care England, which represents social care providers across the country, criticised a lack of consultation with the sector, saying it left them “particularly concerned, annoyed and irritated”.

Prof Martin Green, its chief executive, told the committee the system is currently already “creaking at the edges” due to a lack of funding, and spoke of the “chronic workforce shortage” it faces.

Today’s guidance does not go far enough. During the many months we have been waiting for its publication, it has become increasingly clear that non-statutory guidance will provide insufficient protection and clarity, and that a change in the law of the land is required.

That is why I am today asking the government to back my private member’s bill which would change the law in this area to ensure children are fully protected.

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Higher earners to be taxed more heavily in Scotland to protect public services

New 45p tax band introduced for those earning in excess of £75,000 with top rate for salaries more than £125,140 up to 48p

Higher earners in Scotland are be to taxed more heavily after ministers in Edinburgh sought to reduce cuts to public services and fund an expensive council tax freeze.

Shona Robison, Scotland’s finance secretary, said a new “advanced” 45p tax band would be introduced for all those earning above £75,000, and the top rate of income tax, for those earning above £125,140, would rise to 48p.

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Michelle Mone criticises Sunak over his comments about her involvement in PPE contracts – UK politics live

Former Tory peer claims she never concealed her link to PPE Medpro from officials dealing with the contract

Mark Harper, the transport secretary, has announced in a written statement that Transport for London is getting a capital funding settlement worth £250m for 2024. It will fund upgrades to the Piccadilly line. Sadiq Khan, the mayor, welcomed that announcement but, as the Evening Standard reports, said “a decent long-term funding settlement” from the government was still needed.

Rishi Sunak has said that too many civilian lives have been lost in Gaza – but declined to back Ben Wallace’s claim that Israel is engaged in a “killing rage”. (See 10.27am.)

Israel obviously has a right to defend itself against what was an appalling terrorist attack perpetrated by Hamas, but it must do that in accordance with humanitarian law.

It’s clear that too many civilian lives have been lost and nobody wants to see this conflict go on a day longer than it has to.

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