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The Latest Breaking News from Rachel Reeves

Rachel Reeves set to cut cash ISA allowance in blow to savers — here’s what you need to know

Savers currently have a £20,000 ISA allowance but the chancellor is expected to overhaul the rules

The Independent UK

How the UK became dependent on asylum hotels

Chancellor Rachel Reeves’s pledge to “end the costly use of asylum hotels in this parliament” is a rare thing in British politics: a policy supported by all major political parties and a range of refugee charities.

The Conversation

Interactive map shows the London boroughs with highest council tax debts

£1.4bn owed to capital’s town halls in latest indication of cost-of-living crisis

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Voices: If AI kills off entry-level jobs, can the City survive?

COMMENT : Artificial intelligence has wiped out more than a quarter of all graduate, intern and junior positions in Britain’s financial sector – but the long-term consequences could be a death knell for a sector that traditionally teaches its new intake the skills needed to last an entire career, says…

The Independent UK

How do we make the London Stock Exchange great again?

Our most innovative companies are leaving the capital in droves. In this instalment of our London Unleashed campaign, top financier Ken Wotton looks at how we can halt the stampede

Evening Standard

Labour could find the money it wants without raising taxes. This is austerity by amnesia

Starmer and Reeves need a fresh approach to enact their vision, and I have a plan for that, says Randeep Ramesh, the Guardian’s chief leader writer

The Guardian - UK

Rachel Reeves must rethink how tax and spend decisions are made after welfare U-turn

Binary rules and twice-yearly OBR forecasts have turned chancellor’s moves into grim spectator sport

The Guardian - UK

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Voices: Starmer’s authority isn’t the only thing badly dented by his benefits climbdown

INSIDE WESTMINSTER: For Labour backbenchers, the welfare rebellion was a triumph: with the growing possibility of this being a one-term government, and with little prospect of ministerial advancement, MPs have concluded they have nothing to lose by standing up for what they believe in, says Andrew Grice

The Independent UK

Warnings of tax rises after Downing Street welfare U-turn

Some 126 Labour backbenchers had signed an amendment that would have halted the Universal Credit and Personal Independence Payment Bill in its tracks.

Evening Standard

The prime minister’s welfare U-turn is welcome – but not the end of the matter

THE INDEPENDENT VIEW: Editorial: Abandoning cuts to disability benefits has resulted in a messy compromise that ensures all future PIP applicants will receive less than existing recipients. This calls for more sensible and sensitive reforms to our social security system

The Independent UK

I spent all day counting Keir Starmer’s U-turns — here they are

I tried to put together a list of all Keir Starmer’s U-turns — but there are too many

The National (Scotland)

Voices: When it’s Rachel Reeves vs Andrew Bailey, I know who my money’s on

COMMENT : The governor of the Bank of England's response to the chancellor trying to talk up the flagging jobs market is quietly devastating, writes James Moore

The Independent UK

Stephen Kinnock stares into the abyss as he carries can for welfare U-turn

Nick Robinson could barely contain his glee, this was the highlight of the Today presenter’s Glastonbury weekend

The Guardian - UK

Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budget

The Guardian - UK

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Evening Standard

Labour in ‘good place now’ on welfare, Kendall insists after Government U-turn

Number 10 offered concessions in a late-night climbdown to head off Sir Keir Starmer’s first Commons defeat.

International Business Times

UK Govt Climbs Down On Welfare Cuts In Latest U-turn

The UK government backed down Friday on controversial plans to slash disability and sickness benefits after a major rebellion by MPs, in a blow to Prime Minister Keir Starmer's authority.

The Guardian - UK

Third U-turn in a month leaves Keir Starmer diminished

Changes to welfare bill likely to win over moderates, but PM’s reputation for embracing tough reforms damaged

The Guardian - UK

UK politics: Starmer says welfare concessions are ‘common sense’ but dodges funding question – as it happened

No 10 has offered significant concessions to the rebels, estimated to cost around £3bn a year, amid fears over Tuesday’s vote

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news in one place.

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The Guardian - UK

Another tragic fact about this disastrous welfare bill: it proves Labour hasn’t learned and doesn’t truly listen

From cabinet members to the British public, there is an outcry about these benefits cuts. Why is the government always so poor at reading the room? asks Guardian columnist Polly Toynbee

The Independent UK

Morgan McSweeney: Is welfare backlash the beginning of the end for Starmer’s right-hand man?

NEWS ANALYSIS: Labour prime minister’s chief of staff under fire over crisis around plans to limit disability and sickness-related benefits, writes Kate Devlin

The Guardian - UK

Rules that protect UK homeowners from repossessions may be scrapped

FCA boss says mortgage charter up for review amid pressure from the chancellor to remove red tape for firms

The Independent UK

Starmer admits employer national insurance tax hikes piled pressure on British business

Keir Starmer said the government recognised it has ‘asked a lot’ of British firms since the general election

The Guardian - UK

Bank of England governor warns of slowdown in the UK jobs market; review finds failings at ONS – as it happened

Andrew Bailey says slack appearing in labour market, after Keir Starmer tells businesses they have made a ‘huge difference’

The Guardian - UK

Thursday briefing: Keir Starmer is ready to make concessions on his welfare reform bill – will they be enough?

In today’s newsletter: The number of MPs supporting an amendment to the bill could lead to a decisive defeat

Evening Standard

OPINION - Avoiding inheritance tax, Michael Eavis? That’s rich!

Jeremy Corbyn-loving Michael Eavis calls himself a socialist — so why does he want to pay less tax?

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