Politics

Liz Truss has for the first time acknowledged that “there has been disruption” to the UK economy following last week’s mini budget. Since the chancellor’s announcement of £45bn in tax cuts the value of the pound has plummeted, nearly half of mortgages have been pulled and the Bank of England launched a £65bn bail-out to

The mini-budget “seemed designed to provoke the markets” when they were already vulnerable, a backbench Tory MP has said, in the latest criticism of the new government from its own side. Writing in The House magazine, Waveney MP Peter Aldous joined the criticism of Liz Truss and Kwasi Kwarteng‘s mini-budget last week. He highlighted the

Liz Truss and Kwasi Kwarteng will meet the head of the UK’s independent fiscal watchdog today amid the fall-out from the government’s mini-budget. The talks with the Office for Budget Responsibility (OBR) come after a week of economic turmoil following last Friday’s announcements, which saw the pound plunge, mortgages rocked and pension funds needing to

Labour has surged to record leads in multiple polls in the wake of the economic turmoil after the government’s mini-budget. A YouGov/Times poll placed Labour 33 points ahead of the Conservatives, believed to be the largest lead for Labour in any recorded poll since 1998, when the-then PM Tony Blair was enjoying his “honeymoon period”.

Liz Truss says her government has “done the right thing” in its mini-budget in order to get the economy growing. Speaking to the BBC in a raft of local radio interviews this morning, the prime minister said “urgent action”, along with “controversial and difficult decisions”, needed to be taken to improve the situation in the

Sir Keir Starmer has called for a recall of parliament to discuss the financial market turmoil following Friday’s mini-budget. Speaking to reporters, the Labour leader said the move by the Bank of England to launch a temporary bond-buying programme to prevent “material risk” to UK financial stability was “very serious”. Politics Hub: ‘Growing movement’ for

The International Monetary Fund (IMF) has criticised the UK government’s mini-budget, saying the plans for tax cuts and spending will increase inequality and counteract the Bank of England’s monetary policy. The conflicting government and currency policies, of seeking to ramp up growth via tax cuts and rein in inflation through interest rate rises, attracted sharp

Sir Keir Starmer has announced that a Labour government will create Great British Energy – a new, publicly owned company that will generate renewable sources “to cut bills, create jobs and deliver energy independence”. The role of GB Energy will be to provide additional capacity alongside the private sector, to establish the UK as a

Sir Keir Starmer will claim a “changed” Labour can turn the UK into a “growth superpower” in his keynote conference speech – as a new poll gave the party its largest lead over the Conservatives in more than two decades. The Labour leader will tell party delegates in Liverpool on Tuesday that Labour’s Green Prosperity

Gag-a-minute Gary a winner for Labour Jon Craig Chief political correspondent @joncraig On the pitch, England legend Gary Neville was a tough-tackling, no-nonsense defender. A bit dour, perhaps. Grumpy and not exactly a bundle of laughs. But from the moment he stepped on to the political playing field at Labour’s conference in Liverpool, the Sky

Labour has accused the Tories of “energy disarmament” for faltering on home insulation and nuclear energy, closing gas storage facilities and lifting the ban on fracking. “We are feeling the consequences of a 12-year Tory experiment in unilateral energy disarmament,” shadow chancellor Rachel Reeves told the Labour Party conference “And what’s their answer? Lifting the

Sir Keir Starmer faced renewed calls for Jeremy Corbyn to be allowed to stand as a Labour candidate at the next general election on the first day of his party’s conference in Liverpool. Some party delegates have forced a vote on the proposed rule change in an attempt to allow the MP for Islington North

Angela Rayner has said she is “worried” about the online abuse aimed at This Morning hosts Phillip Schofield and Holly Willoughby after allegations they skipped the queue to see the Queen’s coffin. Speaking at a fringe event at Labour’s conference in Liverpool, the party’s deputy leader said the attack they are facing on social media

Chris Pincher will reportedly not be investigated by parliament’s watchdog over allegations of drunken groping at a private members club. The controversy surrounding the former deputy chief whip led to Boris Johnson’s demise. Mr Pincher dramatically quit on 30 June after allegedly assaulting two fellow guests at the exclusive Carlton Club in London the evening

Labour will reverse the cut in the higher rate of income tax if it wins power at the next election, Sir Keir Starmer has said. Around 660,000 of the highest earners on more than £150,000 will benefit from the scrapping of the 45p rate, getting back on average £10,000 a year. Asked if Labour would