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The Latest Breaking News from Mel Stride

Hit London banks with windfall tax up to £60bn to cut energy bills for less well off, Andy Burnham union ally urges

But shadow Chancellor Sir Mel Stride warns: ‘Labour need to realise that you can’t tax your way to prosperity’

Evening Standard

Andy Burnham issued warning over tax rises should he become prime minister

Opposition leaders will use a gathering of business chiefs to set out their economic response to Sir Keir Starmer’s likely Downing Street successor

The Independent UK

Starmer on the brink: PM and Burnham ‘working towards’ handover in September

Tech secretary Peter Kyle said that the PM is discussing the ‘political realities’ of his position as foreign secretary Yvette Cooper becomes the most senior minister to tell him to go but MPs warn Starmer may have to go by mid-July

The Independent UK

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Rachel Reeves tells foul-mouthed Reform UK heckler good manners matter

Chancellor wins support from Conservative Mel Stride, while Nigel Farage says he would ‘like to buy man a pint’

The Guardian - UK

Andy Burnham leadership challenge could cost taxpayers billions warns Mel Stride

IN FULL

The Independent UK

UK taxpayers face £5.4bn ‘Burnham penalty’ over increased borrowing costs, Tories claim

The chaos in Westminster has been reflected in moves in the bond markets

The Independent UK

What was HMRC’s investigation into Angela Rayner’s tax affairs all about?

Findings of inquiry into stamp duty paid on Hove flat crucial to any leadership bid

The Guardian - UK

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Shadow chancellor warns SNP food price plan could cause ‘undersupply’ issue

Sir Mel Stride spoke out on the issue as he campaigned in Edinburgh on Friday.

Evening Standard

Unlucky chancellor? Iran shock hits Reeves just as UK seemed to turn corner

The economy and public finances were on the right path, bond yields were falling, interest rates likely to drop further … then came the US-Israeli attack

The Guardian - UK

Former Labour MP calls for Starmer to face Commons committee over Mandelson vetting

Karl Turner, who lost Labour whip after criticising PM, calls for privileges committee to examine if Starmer misled parliament

The Guardian - UK

Labour Pension Plan Sparks Fury After MPs Back Power to Direct Retirement Savings

MPs approved plans allowing ministers to influence pension investments, raising concerns about political control and risks to long-term retirement savings.

International Business Times UK

UK gets biggest cut to growth outlook this year among world’s major economies

The OECD published the biggest downgrade to the UK’s growth outlook for 2026 than any other country in the G20 group of economies.

Evening Standard

Reeves slips into yoga voice to try to soothe fears over costs of Trump’s war

The chancellor was meant to set out her contingency plans but it was an announcement without any announcements in it

The Guardian - UK

Minister plays down job losses as Chancellor prepares to commit to AI drive

Rachel Reeves is expected to pledge the UK to ‘the fastest AI adoption in the G7’ in an annual lecture in the City of London on Tuesday.

Evening Standard

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The Guardian - UK

So Badenoch, Farage and Blair think the Iran war is a great idea? Hmm …

Kemi may be all in favour, but at least economic realpolitik is forcing her to take a slightly different tack

The Guardian - UK

Ex-Nato commander defends Starmer after Trump’s ‘no Winston Churchill’ jibe

Gen Sir Richard Shirreff says US president has launched war of choice in Iran with no clear grasp of how it will end

The Guardian - UK

Reeves’s spring statement? The economy is great, don’t worry about the Middle East

With no spending or fiscal commitments to offer, the chancellor kept it short, sweet and just a little tin-eared

The Independent UK

Reeves accused of being ‘tone deaf’ on energy prices as Middle East crisis deepens

Growth forecast cut again and unemployment to rise as chancellor warned economy risks big hit from Iran war – but Reeves insists ‘plan is right’

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The Independent UK

Mandelson arrest latest: Badenoch hits out at Starmer’s ‘deeply flawed’ judgement as ex-Labour peer released on bail

Ex-Labour minister accused of passing sensitive information onto paedophile financier Jeffrey Epstein during time as business secretary

Evening Standard

Triple boost for Rachel Reeves with retail sales jump, exports rise and record public finances surplus

Shoppers returned to spending in the New Year and the Treasury raked in billions more than expected in tax

Evening Standard

Reform would restore two-child benefit cap in full, Jenrick to pledge

The former Tory minister is to make his first speech as Reform’s Treasury spokesman.

Evening Standard

Robert Jenrick to outline Reform UK plans for Bank of England and OBR

Nigel Farage named his top team on Tuesday, which included Conservative defectors Mr Jenrick and Suella Braverman.

Evening Standard

UK economy disappoints in 2025 after ‘subdued’ year-end growth

Official figures showed gross domestic product rose by 0.1% in the fourth quarter, following growth of 0.1% in the previous three months.

Evening Standard

Lib Dem plans to axe the Treasury in London slammed as 'gimmick whose sums don't add up'

The proposal risks sparking worries for thousands of civil servants who work at the economic ministry in Whitehall

The Independent UK

Kemi Badenoch told she’s ‘too slow’ by McDonald’s staff during return visit

Kemi Badenoch previously claimed she ‘became working class’ working at McDonald’s

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