The Latest Breaking News from Rachel Reeves

Exclusive: Jim O’Neill warns that the chancellor will have to raise income tax, national insurance or VAT to fill the £5bn black hole left by the welfare climbdown

Party has put youngsters in charge of hundreds of millions of pounds of spending at local authorities

Ukraine said Saturday it struck a Russian airbase in the Voronezh region

At the general election exactly a year ago, London voted heavily for a change of government, affirming a trend underway for more than a decade in which the capital has steadily become a more ‘Labour city’.

Original welfare proposals had been part of a package expected to save up to £5 billion a year

THE INDEPENDENT VIEW: Editorial: Despite a tumultuous and, at times, disappointing first year in office, Keir Starmer remains the best person for the job, streets ahead of any alternative leader who might theoretically replace him. But now he needs to rewire his relationship with the British people

Three trade deals, five U-turns, 2.5 per cent of GDP on defence, eight ministerial resignations, 49 welfare rebels, record small boat crossings – the statistics behind Keir Starmer’s first year as prime minister explored by Alicja Hagopian and David Maddox

NEWS ANALYSIS: As Sir Keir Starmer marks a year since his huge general election victory, he still has a lot to prove if he wants to continue being prime minister, writes David Maddox

The Chancellor warned there would be ‘costs to what happened’ as she faced questions about how she would cover the shortfall left by concessions.