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The Latest Breaking News from Rachel Reeves

Voices: There is one clear winner in the welfare debate… and it isn’t Liz Kendall

COMMONS SKETCH: The work and pensions secretary was made to defend her beleaguered benefits bill without either the prime minister or chancellor – which made for a poor show indeed, says Donald Macintyre

The Independent UK

Voices: Is this the end of your ISA? Not necessarily…

COMMENT : Despite their popularity, cash ISAs offer dismal returns, says James Moore. For once, Rachel Reeves may be right to slash the annual allowance and steer savers to riskier investments

The Independent UK

Voices: Labour’s rebel MPs have weakened Starmer – but the greatest damage is to themselves

COMMENT: Backbenchers who vote against the government whip today stood behind the PM to win the general election, but now seem determined to march themselves out of power, says John Rentoul

The Independent UK

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Here’s when Rachel Reeves will unveil the details of her cash ISA cuts

IN FULL

The Independent UK

UK Govt Faces Major Rebellion In Welfare Vote

UK Prime Minister Keir Starmer faced the most serious internal rebellion of his year-long premiership on Tuesday with MPs set for a close vote on welfare reforms that have already forced a damaging climbdown.

International Business Times

Any cut to cash Isa allowance ‘may not prompt savers to boost their investments’

There has been speculation that plans to reduce the annual tax-free cash Isa allowance could be announced later this month.

Evening Standard

Rachel Reeves can end the London exodus and unleash the City

In the latest in our London Unleashed series Peel Hunt’s Charles Hall outlines how the City can be revived

Evening Standard

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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

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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The Independent UK

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

Evening Standard

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.

The Independent UK

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 National (Scotland)

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

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The Independent UK

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 Guardian - 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

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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