Wes Streeting accused of issuing ‘misleading’ plan on NHS staffing July 3, 2025 Health secretary Wes Streeting has been accused of issuing “misleading information” on staffing practice at the NHS, with plans to end the use of agencies by 2030 a “short-sighted” move that could push up costs for the taxpayer. Streeting today unveiled Labour’s 10-year plan for the NHS focussed on rolling out weight-loss drugs, reducing people’s [...]
Keir Starmer refuses to rule out £40bn tax raid July 3, 2025 Keir Starmer has refused to rule out that this year’s Autumn Budget will be softer than the tax raid seen last year, which targeted business and homeowners in raising £40bn extra in receipts. The prime minister has previously said that the UK cannot “tax [its] way to growth” while under-pressure Chancellor Rachel Reeves vowed to [...]
Watch: Labour’s ‘total clusterf**k’ July 3, 2025 It wasn’t supposed to be like this. Exactly a year ago the Labour government swept into office promising stability, competence and economic growth. So why, on the one year anniversary of their victory, does it feel like their dying days? This has been a pretty extraordinary week in British politics and it’s a week that [...]
Gilts back to where they were before Rachel Reeves’ tears July 3, 2025 UK government bonds have settled back to prices seen before Rachel Reeves was seen crying at PMQs as bond markets were soothed by Keir Starmer’s warm words about the chancellor. The prime minister said Rachel Reeves was a “great colleague” and re-affirmed she would be the chancellor for “a very long time to come”. Bond [...]
Top Tory slams FCA ‘mission creep’ after misconduct rules expanded July 3, 2025 Shadow business secretary Andrew Griffith has slammed the UK financial watchdog for expanding rules on “non-financial misconduct”, which spans from bullying to harassment and violence. In a post on X the former city minister described the new regulations as “grade A mission creep”, as the Financial Conduct Authority (FCA) broadened their reach to apply to [...]
Keir Starmer rocked by full-blown crisis as PM marks first year in office July 3, 2025 Keir Starmer is facing a full-blown political crisis as he marks his first year in office under pressure from disgruntled MPs, frustrated businesses and jittery financial markets. Speculation grew yesterday that Chancellor Rachel Reeves could be ousted from Number 11 after the PM failed to back her during questions in the House of Commons, with [...]
Labour versus the bond markets, businesses and ballots July 3, 2025 Birthdays aren’t best celebrated on a hangover but Labour’s senior leaders will be waking up with a painful headache this morning after haemorrhaging support from both bond markets and backbenchers. As dozens of Labour MPs discovered the level of influence they held over whips in parliament, unsympathetic bond traders flexed their own powers as medium-term [...]
Business confidence hit by tax fears as Rachel Reeves’ headroom crumbles July 2, 2025 British business confidence has been hammered by Labour’s tax blows but fears remain heightened the government will return for more. A survey by the British Chambers of Commerce (BCC) revealed 56 per cent of firms were particularly concerned about their tax burden, which comes as Prime Minister Sir Keir Starmer failed to rule out further [...]
Sacking Reeves would make a bad situation even worse July 2, 2025 This government has made plenty of mistakes but ditching Rachel Reeves would be by far the biggest. While my advice to ministers remains “I wouldn’t have started from here” I have to recognise that a misstep now could make a bad situation worse. And the situation is bad. As Labour marks its first full year [...]
Rachel Reeves at risk of becoming shortest-serving Labour Chancellor July 2, 2025 Rachel Reeves is at risk of becoming the shortest-serving Labour Chancellor in history after Prime Minister Sir Keir Starmer declined to give her a public show of support. The PM was facing questions at Prime Minister’s Questions today over his handling of a welfare reform package which has been stripped of key elements to limit [...]