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The Latest Breaking News from Rachel Reeves

A World Bank for defence? The lender that Europe's big powers have yet to join

Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.

Euronews

Invest in Britain or I’ll force you to, minister tells pension funds

Business secretary Peter Kyle says asset managers should feel a patriotic duty to make the UK a success

The Guardian - UK

Farage launches preemptive attack on Commons standards committee, claiming it won’t judge him fairly – as it happened

Reform UK leader also tells the Daily Mail he did not anticipate main parties would not stand candidates in Clacton byelection

The Guardian - UK

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Nigel Farage v Count Binface: Six key quotes trashing Reform leader ahead of Clacton by-election

The Reform UK leader resigned from Parliament as he faced a string of financial allegations

Evening Standard

Reform UK share date they want for Nigel Farage’s by-election

IN FULL

The Independent UK

Reform to ask for 6 August Clacton byelection after Farage resignation

Constituents to vote in contest being boycotted by major parties over financial scandal surrounding Reform leader

The Guardian - UK

Farage’s Clacton by-election gets go-ahead as Reeves declares: ‘I won’t stop him arguing with a bin’

The Reform UK leader’s hopes of turning the contest into a battle ‘against the establishment’ in tatters as all other major parties boycott the vote, leaving comedic candidate Count Binface as his leading rival

The Independent UK

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UK Treasury yet to do due diligence on finding extra money for defence

How to hit the 3.5% of GDP spending promise made to Nato would be a matter for the next prime minister, MPs told

The Guardian - UK

Farage v Count Binface as controversial Clacton by-election given go-ahead

IN FULL

The Independent UK

Reeves clears way for Farage to quit as MP and trigger by-election

Nigel Farage’s decision to trigger a by-election in his Clacton constituency was not blocked by the Government.

The Independent UK

UK inflation to fall faster than predicted as impact of Iran war ‘better than feared’

UK inflation projections have been tempered by the interim US-Iran peace deal, which helped to ease oil prices

The Independent UK

Why Nigel Farage’s future lies in Rachel Reeves’ hands

The chancellor has been urged to use her powers to block Farage’s resignation until official investigation into the Reform UK leader’s £5m gift from a crypto-billionaire is complete

The Independent UK

Hundreds of petrol stations probed for not reporting live prices – Rachel Reeves

The Fuel Finder scheme is run by the Government and technology company VE3.

Evening Standard

Act soon to change ‘unsustainable’ direction of UK debt, OBR warns

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’

The Guardian - UK

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The Guardian - UK

‘New direction, same old problems’: the economic challenges facing Andy Burnham

Blair met good fortune when he assumed office, others such as Wilson faced tougher times. The PM-presumptive will start firmly on the back foot

Evening Standard

Andy Burnham 'to drive wealthy out of UK' if he hits London with huge tax raid to level up North

Kensington and Chelsea Council leader Elizabeth Campbell said that ‘punishing’ the capital would make the UK poorer

The Guardian - UK

Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?

Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’

The Guardian - UK

Infrastructure cuts to pay for defence will cost UK 10,000 jobs, analysis shows

Exclusive: Findings cast doubt on Starmer claims that reallocation of funds to MoD will boost British jobs

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The Guardian - UK

Bankers and unions set for clash over possible Burnham tax raid on UK banks

City bosses say move would be economically disastrous, but union leaders urge likely new PM to ignore ‘vested interests’

The Independent UK

Voices: Sir Keir has left a fiscal mess for Andy Burnham to clean up

THE INDEPENDENT VIEW : Editorial: A £4.7bn shortfall in the Defence Investment Plan is some legacy for the PM to leave his successor to fund, especially after complaining so bitterly about the ‘black hole’ left by his own predecessors

The Independent UK

Government is warned support on energy bills can’t wait as price cap rises £221

Chancellor Rachel Reeves has indicated that targeted energy support could come in the autumn

Evening Standard

Defence Secretary has ‘assurance’ Andy Burnham will invest in armed forces

Dan Jarvis secured a £15 billion uplift in defence spending in Tuesday’s Defence Investment Plan.

Evening Standard

Andy Burnham 'to slash' central Government with tens of thousands of jobs going in London

The Prime Minister-in-waiting is vowing to deliver the ‘biggest devolution of power in modern times’ in Britain

The Independent UK

Burnham told of £4.7bn defence black hole yesterday, minister suggests

Ministers faced questions over the funding gap and whether Mr Burnham was blindsided by Sir Keir Starmer’s announcement.

Evening Standard

Andy Burnham warned 'don't harm' London as bosses unveil 10-point plan for capital to thrive

The Prime Minister-in-waiting was urged not to hit businesses with a new wave of tax rises and red tape

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