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The Latest Breaking News from Darren Jones

The £40bn question: How will Rachel Reeves balance the books?

Chancellor boosted by a surprise drop in inflation after the cabinet is warned she may need to find £40bn in taxes and borrowing in her Budget, dwarfing previous estimates of the fiscal ‘black hole’

The Independent UK

No 10 rejects claim Labour misled voters about tax plans in manifesto – as it happened

Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed

The Guardian - UK

How Labour promises have left Rachel Reeves with a giant budget headache

Frustration grows with chancellor locked away in Treasury and facing competing challenges for her historic speech

The Guardian - UK

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Starmer steps into cabinet row over P&O to rescue global summit in London

The PM has backed transport secretary Louise Haigh after she called ferry firm a ‘rogue operator’, threatening investment summit

The Guardian - UK

UK must prepare for widespread road pricing, says infrastructure tsar

Sir John Armitt says charging per mile ‘inevitable’ as move to electric vehicles creates £35bn shortfall in tax revenues

The Guardian - UK

Treasury asking ministers to draw up billions of pounds of infrastructure cuts

Exclusive: departments asked to model cuts of up to 10% despite Rachel Reeves’ vow to invest in growth

The Guardian - UK

Government borrowing surges to higher than expected £3.1bn as Reeves under pressure to raise taxes

The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1bn last month, £1.8bn more than a year ago and the highest July borrowing since 2021

The Independent UK

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Economists predict higher taxes and borrowing after UK deficit overshoots forecasts – as it happened

Tough budget looms after UK deficit hits £3.1bn in July – ahead of City forecasts of £1.5bn, and soaring over OBR forecast of £100m

The Guardian - UK

Labour ‘putting rail passengers first’, says minister as she blames Tories for prolonging strikes – as it happened

Louise Haigh says she hopes three-year pay deal offered to train drivers will resolve strikes

The Guardian - UK

Inflation rises for first time this year after months of steady decline

INFLATION has risen for the first time this year following months of steady decline ...

The National (Scotland)

Rachel Reeves set to make 'tough decisions' on welfare spending

UK ministers have been ordered to search for cost-cutting reforms as the Chancellor plans to take “tough decisions” on welfare and spending...

The National (Scotland)

Why Rachel Reeves can’t seem to make her ‘£22bn black hole’ narrative convincing

Rachel Reeves had hardly stepped down from the dispatch box to make her first big statement as chancellor of the exchequer before facing a furious backlash. She had claimed to have discovered a £22bn hole in public finances upon taking office and was using it to explain why the new…

The Conversation

Labour bosses' words back to haunt them after cutting Winter Fuel Payment

LABOUR need to remember that the things they said in opposition haven't been forgotten now they're in power ...

The National (Scotland)

'Plainly wrong': Ian Murray accused of 'lie' about SNP minister amid austerity row

AN SNP MSP has accused the Scottish Secretary of choosing “to lie on air” amid a row over an apparently false statement about the SNP Finance…

The National (Scotland)

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The Guardian - UK

Labour says higher-than-forecast UK borrowing shows economic challenge ahead

Treasury says it has received worst postwar inheritance as figures reveal £14.5bn deficit in June

The Guardian - UK

Rachel Reeves says new government has inherited ‘worst set of circumstances since second world war’ – as it happened

New chancellor says she will make statement to MPs before summer recess about financial situation as she says UK economy has been ‘held back’

The Independent UK

Inside the betting scandal-hit constituencies where Tories and Labour have withdrawn support for candidates

The Tories and Labour both withdrew support for candidates being investigated by the Gambling Commission – The Independent speaks to local party supporters who had been campaigning for them, and to voters

The Guardian - UK

Is there truth in Rishi Sunak’s net zero attack on Labour?

The PM trumpeted ‘a recording … admitting that their plans will cost hundreds of billions’. Was it fair to do so?

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news in one place.

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The National (Scotland)

Scotland 'not a country but a region of UK', top Tory adviser tells BBC panel

SCOTLAND is not a country but a “region of the UK”, one of Michael Gove’s most senior advisers has said ...

The Guardian - UK

Reeves accuses Sunak of lying after Treasury’s warning on ‘£2,000 tax rise’ claim

Letter from senior Treasury official says ministers were told not to present their costings as civil service figures

Evening Standard

Martin Lewis pushes Cabinet minister Claire Coutinho to apologise on live TV for Labour £2,000 tax hike claim

The Money Saving Expert challenged the Energy Security Secretary about the Tory tax allegation when she appeared on ITV’s Good Morning Britain

The Guardian - UK

PM must face questions about hedge fund at heart of financial crash, says Labour

Keir Starmer aims to turn spotlight on Sunak’s career before politics in lead up to first general election TV debate

The Guardian - UK

Socialism isn’t a dirty word. It’s simply about wanting to make a fairer society

Labour’s leadership needn’t struggle to define the ideology; it’s in its very constitution

The Guardian - UK

‘Purge’ of Labour leftwingers must end, Keir Starmer told

Labour leader accused of ‘cull’ and picking close allies to contest safe seats as others are blocked from standing for party in UK election

Evening Standard

Diane Abbott backed to be MP by Angela Rayner and union bosses in growing storm for Keir Starmer

Party is racing to fill a national list of would-be MPs by June 7 after Rishi Sunak called a snap election

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