As it happened: Israel condemns Green party passing ‘Zionism is racism’ as a ‘stain on history of UK’

Party formally adopts policy which equates Zionism with racism, as all Green party votes to adopt policy that equates Zionism with racism

On Friday the Times revealed that Katie Lam, the communities secretary, told a meeting in private earlier this year that the state pension system needs a fundamental overhaul.

Speaking in June, when she was a frontbencher but not yet in the shadow cabinet, Lam was asked at a meeting with activists if she thought the pensions triple lock was sustainable. She replied:

Ultimately I think what we will need in the end is an entirely new pension system.

I mean, a baby that is born today has a 20% chance of living to be 100 and I don’t think we can fund one in five people half of their lives, you know, for the first 20 and the last 30 years. But obviously if you are 90 you probably can’t go out and get a job right, so I think you have to be realistic about how you would taper that and bring that in across the population.

The fact is, the triple lock and pensions are things that people have contributed to.

Conservatives believe that if you have contributed, then you deserve to get your state pension.

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Burnham to pass law scrapping pension triple lock before next election

Guarantee will remain until 2030 but MPs will vote on changes during this parliament, government says

Andy Burnham will pass legislation to scrap the state pension triple lock in this parliament, even though the guarantee will remain until 2030, the government has said.

The prime minister used his conference speech to announce a change to the policy, which guarantees that the state pension rises by the highest of 2.5%, inflation or earnings growth.

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Voters back Burnham’s plan to cut back triple lock to fund social care reform by 48% to 28%, poll suggests – UK politics live

The data suggest Burnham may be able to win the argument with the public amid lobbying efforts

Andy Burnham has suggested that it would not be legitimate for a party to form a majority government with less than 30% of the vote.

In his Today interview, asked why he wanted electoral reform and a move towards proportional representation, Burnham replied:

I found it better being elected under a different system as mayor of Greater Manchester, where people had one or two, they could put that on the ballot paper.

Because you had a reason to stop on every doorstep and chat to people who might not always support your party and try and get their second preference.

No, it could happen with any political party. It’s whether that would be a legitimate government.

I think you’ve got it completely wrong really, if you don’t mind me saying, to put it like that, because I have put out … a vision for a national care service.

There are pensioners out there who watch your programme who are paying for care costs from their basic state pension. Now, is that right or fair?

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Burnham says he would put PR in Labour manifesto and scrap triple lock to fund social care – UK politics live

PM, in first speech to party conference as leader, insists his plans are a ‘good deal’ for older people

Angela Rayner, the housing secretary, has apparently confirmed that Andy Burnham will float the prospect of getting rid of the pensions triple lock to help fund the creation of an NHS-style care service.

Asked about the prospect on Sky’s Electoral Dysfunction podcast, Rayner said that Burnham was “absolutely right to start the conversation” and that he was being “brave”.

The high principle on this is that people have paid in all their lives. They are willing, I think, to look at that.

What they don’t want is what they consider to be, quite frankly, incompetent politicians that are going to take something from us to fill a black hole.

When we met with Andy [Burnham] this week, it certainly wasn’t mentioned.

But I do think that it’s important that Labour make sure that working-class people know that they’re on their side, and this would be a direction of travel that would say the opposite to that.

What I understood the national care service to be was a universal benefit: everybody paid in and everybody gets out, and that is what actually the principle of that is.

Going to a group of people who are getting around £12,500 a year in order to pay for it to take away their security is wrong.

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Thinktank linked to Reform UK calls for abolition of state pension

‘Radical’ report likely to influence party’s platform also proposes abolishing inheritance and capital gains taxes

A thinktank linked to Reform UK has called for the abolition of the state pension and £75bn worth of sweeping tax cuts in a “radical” report likely to influence the party’s platform for the next election.

The Centre for a Better Britain’s (CFABB) report – which also calls for weaker rules for UK banks and Trump-style investment accounts offering £1,000 to newborns – will be formally launched at a private event with City executives on Wednesday.

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New free financial advice plan aims to help Britons build savings

‘Targeted support’ means certain banks and financial institutions can offer free extra help with investments and pensions

Many Britons are daunted by the world of investing, but new City rules mean certain banks and financial institutions can offer free extra help with investments and pensions.

Last month marked the launch of “targeted support”, a new regulated service that permits companies to suggest investments and pension products to customers that might provide a better return.

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Reform promises huge cuts to benefits but would keep pensions triple lock – UK politics live

Reform UK would impose ‘biggest cuts to benefits bill ever seen in history of this country’ if they came to power, says Farage

Q: Do you agree with the Tories about wanting more oil and gas drilling from the North Sea?

Davey says Kemi Badenoch claims she can get an extra £2.5bn in tax revenue by allowing more exploration in the North Sea. He says she is “just lying”. He says everyone knows that that is not realistic.

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People deriving income solely from state pension won’t be taxed, says chancellor

Clarification creates prospect of two-tier system for retirees solely on new state pension and those on private schemes

People who rely only on their state pension for their income will not have to pay tax on it, the chancellor, Rachel Reeves, has said, creating the prospect of a two-tier system for those in retirement.

The new state pension is poised to rise to £241.30 a week next April, putting the annual income for someone receiving the standard payment at £12,547 – just below the personal tax allowance of £12,570 a year.

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UK to reconsider decision to deny Waspi women pension payouts

Millions born in 1950s lost out because of government failings over changes to state retirement age, campaigners say

Millions of “Waspi women” have been given fresh hope that they might receive compensation after the UK government announced it would revisit a decision to deny them payouts.

As many as 3.6 million women born in the 1950s are said to have lost out because of government failings in the way changes to the state pension age were made, prompting the Waspi (Women Against State Pension Inequality) campaign to launch in 2015.

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Reform’s public-sector pensions plan could cost billions extra, union warns

Prospect says proposals to make payouts less generous would damage public finances rather than save money

Reform UK’s plans to make public-sector pensions less generous could cost billions extra a year and cause a ticking timebomb in the public finances, a leading trade union has warned.

Prospect said the plans unveiled by the party’s deputy leader, Richard Tice, would damage the public finances rather than save money “and end up costing taxpayers tens of billions of pounds in the years to come”.

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Widow of man conned out of pension savings to lose half the compensation to tax

Robert Dewar’s widow, Susan, is a leading campaigner over multimillion-pound Norton Motorcycles fraud

The family of a deceased man, who was conned out of his retirement savings after investing in the Norton Motorcycles pension scam, is to lose almost half the subsequent compensation award because of a little-known tax rule.

A long-running battle to win an award from the Fraud Compensation Fund (FCF) meant that Robert Dewar’s pension was not reimbursed until 2024, five years after his death at the age of 64.

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Ministers to revive Blair-era Pensions Commission to tackle savings crisis

Revived body will examine future of the retirement system as analysis shows pensioner income is set to fall

The government is resurrecting the Pensions Commission, amid fears that a retirement crisis could mean today’s workers will be poorer in retirement than the current crop of pensioners.

The move by ministers to revive the landmark commission, established by Tony Blair’s government in 2002, comes as analysis shows that the income of pensioners is set to fall in the coming decades.

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Nigel Farage accused of ‘fantasy promises’ with expensive policy pledges

Reform UK leader unveils plans to reverse benefit cuts and bring in tax breaks without explaining how they would be funded

Nigel Farage has been accused of leaving a multibillion-pound black hole at the heart of his party’s spending plans after unveiling a series of expensive policy pledges to be paid for by cutting nonexistent items of government spending.

The Reform UK leader laid out a series of economic promises at a speech on Tuesday designed to take advantage of disquiet among Labour voters at the government’s policies on taxes and benefits.

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C of E vicars call for ’urgent and decisive action’ on increasing their pensions

Lead signatory of letter to Church Times says it is ‘moral and Christian imperative’ to ensure dignified retirement

Church of England vicars are demanding an increase in pensions amid claims that many face an impoverished old age, with some forced to rely on food banks or move in with adult children.

Almost 2,000 C of E clergy have joined an action group on Facebook in the past few weeks and 700 signed a letter to the Church Times calling for “urgent and decisive action”.

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Rachel Reeves has promised not to raise taxes, so how can she fill budget coffers?

Chancellor said to be planning measures including raising employer NI contributions and capital gains tax rates. We consider the likelihood of each and the potential for a row

During the general election campaign, Paul Johnson of the Institute for Fiscal studies repeatedly accused both main parties of indulging in a “conspiracy of silence” over their economic policies. Neither Labour nor the Tories would admit, he complained, that if they won they would have to announce huge tax rises or spending cuts to restore the public finances to anything resembling good health.

On Wednesday, 118 days after Labour won the election, Rachel Reeves will prove Johnson right. In her first budget she will spell out plans to raise an eye-watering sum of about £40bn from tax rises and spending reductions to wipe the slate clean and to pump funds into public services. She will also confirm changes to debt rules that will release up to £50bn more to borrow for long-term investment in new national infrastructure.

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Surprise fall in UK inflation badly timed for benefit recipients

Payments such as universal credit linked to previous September’s figure, meaning a rise of just 1.7% in April

Last month’s surprise fall in UK inflation lands with bad timing for millions of people who receive state benefits linked to the figure, who can now expect their payments to rise by just 1.7% next April.

A number of benefits, including universal credit, are increased each tax year in line with the cost of living figure for the previous September.

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‘Tough decisions’ needed, Starmer tells cabinet, as he defends changes to winter fuel payments – UK politics live

PM and the chancellor, Rachel Reeves, defend move to restrict payment to only the poorest pensioners

Like the Telegraph (see 11.25am), the Times has also published a new article with a Tory endorsement for Kemi Badenoch, but this one is potentially more significant. Margaret Thatcher is no longer with us, but for Conservative party members she is still the one figure from the party’s recent past whose authority is more or less unquestioned and Peter Lilley has written an article claiming that Badenoch would be a worthy inheritor of her mantle. He says Thatcher was a scientist, and Badenoch is an engineering graduate. Like Thatcher, Badenoch is focused on facts, and what works, he says. He goes on:

Leadership candidates are under great pressure to make popular pledges, to abolish specific taxes or set a numerical limit on immigration. Kemi, rightly in my view, has refused to do so. Voters want lower taxes and much less immigration (as do I), but they have seen every glib promise broken. To convince them, a new leader will need to show first, that policies have been rigorously worked out in practical terms and second, that we truly believe in them rather than adopting them to win votes. As Margaret Thatcher said: “To carry conviction, you must have conviction.”

Conviction is the fruit of hard-nosed scepticism. Kemi’s approach is similar to Margaret Thatcher’s, for whom I once worked. When ministers took a policy to her which was in line with all her prejudices, expecting instant approval, she would tear into it, challenging every weakness. Only when satisfied that a policy was totally robust would she take it on board – but then she pursued it with unwavering conviction. Kemi is likewise willing to challenge, criticise and expose weaknesses, which does not endear her to everyone. But we cannot afford to go on adopting half-baked, unworkable policies.

We can rage at Labour’s actions, but the public won’t listen to our narrative – unless we have a leader who can communicate.

Kemi Badenoch is that person. She is blessed with that rare gift in politics: the X-factor that means she can not only communicate but achieve all important ‘cut-through’, so that the public actually notice.

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Up to 50 Labour MPs could rebel over cut to winter fuel allowance

Dozens said to be considering abstaining from Tuesday’s vote over pensioners’ payments, as PM says dealing with dissent is ‘matter for chief whip’

As many as 50 Labour MPs could refuse to back the government’s controversial plan to cut the winter fuel allowance, despite Keir Starmer urging back benchers to get behind a measure he has conceded is “unpopular”.

While few on the government benches are expected to vote against the policy in Tuesday’s vote, dozens are believed to be considering abstaining or being absent – though rebels say the numbers in their ranks are very hard to predict.

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Priti Patel knocked out of Tory leadership race with Robert Jenrick securing most votes in first round – UK politics live

Former home secretary finishes behind Mel Stride after only securing 14 votes

PMQs is starting soon. Here is the list of MPs down to ask a question.

Kemi Badenoch is the clear favourite of Conservative members for next leader, and will be very hard to beat if she makes it into the final ballot of two, according to a survey by ConservativeHome.

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Ministers launch pension credit campaign after restricting winter fuel payments

Government urges pensioners to check their eligibility for credit which will also qualify recipients for winter fuel support

Ministers have launched a pension credit publicity campaign to minimise the impact of the government’s decision to radically restrict winter fuel payments.

Last month the chancellor, Rachel Reeves, introduced a means test for the winter fuel payments, which have been a universal benefit available to all pensioners since 1997, so that only those on pension credit would qualify, as part of the “difficult decisions” she had to make having inherited a “dire state of public finances” from the Conservatives.

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