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    Income tax will have to rise, ex-Bank of England chief warns, as he blasts Reeves’ ‘irresponsible’ promises

    Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreA former Bank of England governor has slammed the chancellor’s pre-election tax promises as “irresponsible” and called on her to hike income tax. Mervyn King, who ran the Bank from 2003 to 2013 and was the chancellor’s boss when she worked there, said Rachel Reeves made “silly” promises on tax before the general election and should row back on them in government. Lord King also questioned the chancellor’s self-imposed fiscal rules, urging Ms Reeves to set rules in a way that would allow her to borrow more and boost government spending. In the general election campaign, Labour promised not to hike VAT or income tax. The party also ruled out reversing a Tory cut to employee national insurance contributions, despite economists warning it was unsustainable at the time. In her first Budget, Ms Reeves instead increased employer national insurance contributions, with the aim of raising around £25 billion a year. But Lord King told Sky News she raised the wrong tax by doing so. Mervyn King was the chancellor’s boss at the Bank of England – this week he said she made the wrong call on the tax to raise in her Autumn Budget More

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    Cutting foreign aid will play into Putin’s hands, former minister warns Starmer

    Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreRussia and China will be the beneficiaries of Keir Starmer’s plans to slash the foreign aid budget, a former deputy foreign secretary has warned in a stark message to the prime minister.Sir Keir defended his controversial cuts saying he would use the cash to hit back at “tyrants” like Putin, as he bowed to pressure from Donald Trump to boost defence spending to 2.5 per cent of GDP just hours before jetting to meet the US President at the White House. But Andrew Mitchell warned the move would actually aid Russia, three years after its illegal invasion of Ukraine. And he suggested Labour had turned its back on its own principles, pointing out that Sir Keir argued against reductions to the overseas aid budget under the Conservatives. Keir Starmer has been told Russia and China will benefit from plans to slash the foreign aid budget More

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    Starmer ‘considering relaxing two-child benefit cap’ amid warnings over child poverty

    Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreMinisters are considering relaxing the two-child benefit cap after facing intense pressure to scrap the limit entirely, it has emerged. Under plans being considered to tackle child poverty, parents of under-fives could reportedly be exempted from the limit.The government is also considering exempting parents of disabled children, parents in work and hiking child benefit payments for those with young children, The Guardian reported. Keir Starmer is under mounting pressure to scrap the two-child benefit cap More

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    Starmer faces up to Trump over Ukraine role in peace talks

    Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreKeir Starmer has made it clear he intends to stand up to Donald Trump over Ukraine as he jets over to Washington DC for one of the most consequential meetings ever between a US president and British prime minister.Speaking to journalists on the flight over the Atlantic, Sir Keir insisted that Russia’s Vladimir Putin has to be viewed as the aggressor.He will make clear that there can be no negotiations about Ukraine without Ukraine, and will push for Europe to play a greater part in global defence.However, in a challenging meeting which will also encompass awkward conversations on plans to hand the Chagos Islands to Mauritius, trade deals and a potential visit by President Trump, Sir Keir was keen to talk up the relationship between the two.The prime minister insisted that “there is no issue between us” on Ukraine as he jetted out – attempting to play down disagreements in the past two weeks.He said: “Of course, the president has been very clear about the peace that he wants. He’s right about that. We all want peace. The question is, how do we make sure it’s a lasting peace? There’s no issue between us on this.”His words came as it was revealed he plans to host Ukraine’s president Volodymyr Zelensky and other European leaders for a defence summit this weekend.With talks on tariffs being imposed by the US and concerns by the Trump administration, inflamed by Elon Musk, on free speech in the UK regarding social media, Sir Keir will be keen to remind the president that the two countries share trade worth $400bn, which supports more than 2.5 million jobs across both countries.The prime minister will join the president at the White House on Thursday, before a tete a tete at the Oval Office. He will be accompanied by the foreign secretary, David Lammy.Last week, President Trump shocked allies in the West by calling President Zelensky a dictator and arranging a meeting in Saudi Arabia with Russia without Ukraine or Europe at the table.Even worse, there was fury when the US sided with autocratic regimes including China and North Korea to vote down a resolution blaming Russian aggression for the war.Donald Trump discussing foreign policy More

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    Watch: UK foreign secretary suggests Trump has influence on UK’s Chagos deal

    Donald Trump may have a say over the UK’s deal to hand over the Chagos Islands to Mauritius, David Lammy admitted on Wednesday, 26 February.Speaking to Robert Peston, the UK foreign secretary confirmed that if the US president isn’t happy with the deal then it “will not go forward.””We have a shared military and intelligence interest with the United States… they’ve got to be happy with the deal or there is no deal,” Mr Lammy added.The UK is in talks to hand control of the archipelago back to Mauritius as part of a deal rumoured to be worth £9bn. More

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    Lammy admits Trump can veto Chagos deal ahead of White House confrontation over islands

    Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreDavid Lammy has conceded that Donald Trump can veto the controversial deal to hand over the Chagos Islands to Mauritius.The foreign secretary’s admission comes as The Independent has discovered the US President has been handed a second legal dossier on why the deal should not go ahead.It is understood that Mr Trump will raise the subject of giving the islands, which are home to the crucial UK/US Diego Garcia airbase, to a potential ally of China.The UK had been prepared to spend as much as £18 billion leasing back the base for the next 99 years after the handover takes place.Britain Chagos IslandsSpeaking on Robert Peston’s show on ITV, Mr Lammy said: “If President Trump doesn’t like the deal, the deal will not go forward.”The admission appears to underline a growing feeling that the president will veto the deal which is set to be discussed in the White House when the prime minister visits on Thursday.It also comes on a day when Sir Keir Starmer refused to deny that his defence budget boost of £6 billion will be spent paying Mauritius to lease back the airbase, after he was confronted on the issue at Prime Minister’s Questions by Tory leader Kemi Badenoch.Sir Keir and Mr Lammy hope that they can make a last ditch effort to persuade the president that the deal is “good” and will preserve the legality of the base on Diego Garcia.But they have been unwilling to provide details on the consequences of a deal, which has already been delayed because of a change of government in Mauritius.The Independent has been told that a dossier, prepared by Tory shadow justice secretary Robert Jenrick on the legalities of the issue and why there is no need to hand over the islands, has been placed in the hands of Trump aide Stephen Miller.The president is being briefed for questions on the subject when he and Sir Keir meet in the Oval Office on Thursday.David Lammy has been Foreign Secretary since July (Jordan Pettitt/PA) More

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    Starmer accused of defence spend ‘cover-up’ in row over how £9bn Chagos deal is funded

    Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreSir Keir Starmer has been accused of a “cover-up” over his increase in defence spending after he refused to say whether it includes funding the cost of handing over the Chagos Islands to Mauritius.The prime minister told MPs on Wednesday that the uplift is aimed at boosting “our capability on defence and security in Europe”, but stopped short of ruling out using the cash to lease back the joint UK-US Diego Garcia airbase located on Chagos.Tory leader Kemi Badenoch said Sir Keir’s failure to disclose where the money for Chagos was coming from meant he had “all but confessed” it would come from the defence budget. And her spokesperson said the Tory leader hoped President Donald Trump would block the deal.“Labour must not give a penny of defence cash to fund this shady deal. National interest first. No ifs or buts,” Ms Badenoch wrote on X (Twitter).The UK is in talks to hand control of the archipelago back to Mauritius as part of a deal rumoured to be worth £9bn.Keir Starmer was accused of a cover-up at PMQs More

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    Rory Stewart says Starmer and Trump have inflicted ‘unimaginable damage’ over foreign aid cuts

    Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreRory Stewart has hit out at Keir Starmer’s decision to slash foreign aid spending to boost the defence budget, comparing the Labour prime minister to Donald Trump. Sir Keir bowed to pressure from Donald Trump to boost defence spending to 2.5 per cent of GDP just hours before jetting to the White House for a crunch meeting with the US President. The PM defended the move, saying it was necessary to take on “tyrants” like Putin. But former foreign office minister and Tory MP Mr Stewart warned that parallel decisions to reduce aid on both sides of the Atlantic would leave the UK and US jointly responsible for “unimaginable damage” to international security and the climate. “The US and the UK were foundation stones of the international development system,” he said. “Now that Trump has stopped all USAid and Starmer has cut most of UKAid, the change will be almost unimaginable in global health and pandemic preparedness, famines, global education, refugees and migration, international security, global financial stability, climate action, and above all for hundreds of millions of the extreme poor worldwide.” Keir Starmer and Donald Trump are responsible for ‘unimaginable damage’, Rory Stewart has said More