Politics

Liz Truss had to be convinced to issue a government statement yesterday to calm the markets, Sky News understands.  Faced with market turmoil, spiking borrowing costs and the drop in the value of the pound in the foreign exchange markets, the prime minister’s initial instinct was to stand firm and say little or nothing, unwilling

Sir Keir Starmer will claim a “changed” Labour can turn the UK into a “growth superpower” in his keynote conference speech – as a new poll gave the party its largest lead over the Conservatives in more than two decades. The Labour leader will tell party delegates in Liverpool on Tuesday that Labour’s Green Prosperity

Labour’s shadow chancellor Rachel Reeves has said the UK government is putting the economy in danger and attacked Prime Minister Liz Truss’s plan of “trickle-down economics” after the pound sank to a record low against the dollar. Sterling slipped to a low of $1.0327 on Monday, before stabilising at around $1.07, following lows seen after

Labour will pledge to “build British industry” through the use of a state-owned investment fund during the second day of the party’s conference in Liverpool on Monday. In her speech today, Rachel Reeves, the shadow chancellor, will set out the party’s industrial strategy, which includes promises to invest in national projects from battery factories to

After last year’s showdown with the Labour left on party rules and the resignation of a shadow cabinet minister, Sir Keir Starmer is hoping for a calmer, happier conference in Liverpool. But the leader knows he is not in control of all his party’s levers – and his bête noires in Momentum and the Corbyn-backing

Sir Keir Starmer has accused the Conservatives of showing their “true colours” by unveiling tax cuts that will benefit the wealthiest most. Arriving at Labour’s party conference in Liverpool, he vowed to set out a plan for “an economy that works for working people” – unlocking “growth for everyone”. According to the Opposition, the mini-budget

Labour will attempt to fight back against the chancellor’s Trussonomics tax giveaways by unveiling rival plans to boost economic growth at its conference in Liverpool. The four-day conference will begin with a tribute to the Queen by party leader Sir Keir Starmer and the national anthem, a move that will be criticised by left-wingers. Deputy

It may have been billed a mini-budget, but what Kwasi Kwarteng announced on Friday was massive. A package of tax cuts on a scale not seen for half a century, paid for through borrowing at increasingly expensive rates in the hope that it will deliver better growth. This is an administration that promised “shock and

In the end, Kwasi Kwarteng’s statement indeed cost more than £2 billion a minute and turned politics on its head. Threads that linked the three preceding Tory governments since 2010 were severed, while slogans, billboards and arguments about what it has meant in recent years to vote Conservative clattered into the waste bin. The new

Deputy Labour leader Angela Rayner has revealed the mystery note she was passed in the Commons on 8 September told her the Queen was unwell, and she had to discreetly persuade her boss to immediately leave the chamber. Speaking on the News Agents podcast, Ms Rayner said when Nadhim Zahawi handed it to her, and

People working part-time will face cuts to their benefits if they do not look for extra hours, the chancellor is set to announce. As part of his mini-budget on Friday, Kwasi Kwarteng will say claimants working up to 15 hours a week on the National Living Wage will have to take “active steps” to increase

Vladimir Putin’s nuclear threats are part of a desperate attempt to justify his “catastrophic” failure in Ukraine, Liz Truss is to say. In her first speech on the world stage as prime minister, Ms Truss will accuse the Russian president of “sabre rattling” after he warned his country would use “all the means at our

When Liz Truss was vying to be the Conservative Party leader and our next prime minister, some of her colleagues worried that, as the anointed choice of Prime Minister Johnson, she was going to be the Boris Johnson continuity candidate. On the economy, they could not have been more wrong. Since becoming the prime minister

Joe Biden will tell Liz Truss she must work with the EU to find a negotiated outcome to the Northern Ireland Protocol row when they meet later today, the White House has said. The US president and the prime minister will hold a delayed meeting in New York on Wednesday, where world leaders have assembled

A by-election will be held this autumn in a strong Labour seat after Rosie Cooper announced she was stepping down as an MP after 17 years. The Labour MP, who has represented West Lancashire since 2005, said the announcement “will come as a surprise to many people” as she had recently secured reselection to stand

Labour members will sing the national anthem at the party’s conference this weekend, for the first time in recent history. Sir Keir Starmer, the party leader, will pay tribute to the late Queen at the opening of the four-day event in Liverpool on Sunday. This will be followed by a rendition of God Save the

The government is considering introducing a fixed discount for businesses on the amount they are charged per kilowatt hour for energy as part of its plans to tackle soaring prices, reports suggest. The Department for Business, Energy and Industrial Strategy did not deny the policy was on the table ahead of the government’s mini budget,

An investigation into whether Sir Keir Starmer broke COVID rules cost Durham Police over £100,000, a Freedom of Information request has revealed. The Labour leader faced accusations after being pictured drinking a beer in an MP’s office in April 2021, with the incident being dubbed “beergate” by the press. He and his team were later

Train drivers will resume strike action next month in a long-running dispute over pay. A planned walkout by the Aslef union on 15 September was called off as a mark of respect following the death of the Queen. But now, drivers at 12 train firms will go ahead with industrial action on 1 October and

Irish foreign minister Simon Coveney has expressed “cautious optimism” talks between the UK and Brussels to resolve the dispute over post-Brexit arrangements in Northern Ireland will restart within weeks. Private conversations he and the country’s prime minister Micheal Martin had had with Liz Truss’s recently installed administration indicated there was an opportunity for a “new