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    Reeves urged to make simple fiscal rule change to unlock £57 billion at Budget

    Your support helps us to tell the storyFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Louise ThomasEditorChancellor Rachel Reeves is reportedly considering making a major change to the UK’s fiscal rules at the Budget on 30 October – and experts say the shift could unlock an extra £57 billion for infrastructure spending.Ahead of the general election, Labour pledged to follow two rules. The first was that in the current budget costs are met by revenues such as tax. This has proven much more of a challenge for Ms Reeves than anticipated after she unveiled Treasury analysis in late July which showed a £22 billion shortfall in public spending.The chancellor has acknowledged this herself, saying at a Labour party conference fringe event that the measure would be “incredibly hard” to meet and require “tough decisions” to be made.The second rule is that debt must be falling as a share of the economy by the fifth year of the economic forecast. This measure rules out excessive borrowing to fill Labour’s black hole, as debt would be driven up as a result.However, during her speech at conference, Ms Reeves said: “It is time that the Treasury moved on from just counting the costs of investments to recognising the benefits too”. The comment caused experts to speculate that she may be looking to alter Labour’s fiscal rules at the Budget to deal with what Labour calls its unexpected ‘inheritance’.Rachel Reeves and Keir Starmer at Labour’s 2024 Conference (Stefan Rousseau/PA) More

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    Watch: Trump dances along to YMCA at end of Hamas 7 October attack speech

    Donald Trump appeared to dance and pump his fists to the YMCA song as he walked off the stage at an event commemorating victims of the Hamas 7 October attack on Israel.The former US president can be seen clapping his hands to the Village People song, often played at his rallies, after speaking to a crowd at his Florida golf resort.In his speech, Trump said: “We will never let the horrors of October 7 be repeated.“We will have peace in the Middle East. We will have strength and resilience. And we will have a very powerful and strong Israel. And I will be with you all the way. More

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    HS2 rail line will run into London Euston, transport secretary Louise Haigh hints

    Your support helps us to tell the storyFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Louise ThomasEditorThe transport secretary has indicated that HS2 will run into central London, saying it “would never have made sense” for that not to happen, following months of speculation over the rail line.The government will make a final announcement around the time of the Budget, Louise Haigh suggested. Asked if it would be affordable to get HS2 to terminate at Euston, she said: “We will be making an announcement on that soon.“But it certainly would never have made sense to leave it between Old Oak Common and Birmingham.” HS2 is likely to reach Euston, transport secretary Louise Haigh has indicated, saying it ‘would never have made sense’ for that not to happen More

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    Watch: Boris Johnson squirms as he gives Brexit success mark out of 10

    Boris Johnson has given the success of Brexit a mark out of 10.After describing Brexit as a “great thing” during an LBC interview on Tuesday (8 October), presenter Nick Ferrari pressed the former prime minister to give it a mark out of 10 – one being the worst and 10 the best.Mr Johnson said: “I’d give it 10/10 for what it enabled us to do during the pandemic and that was the biggest problem I had during my time in government.”He continued: “I think the problem is not with the decision itself, it’s not even with the implementation of the decision, the problem is with the use we make of it right now and the championing of Brexit.”When pushed to rate the current state of Brexit, Mr Johnson delivered his final verdict.Watch the video above to find out his final mark. More

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    Boris Johnson denies mocking people who followed rules during pandemic

    Your support helps us to tell the storyFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Louise ThomasEditorBoris Johnnson has denied mocking the public for obeying lockdown rules “like a religion” in his new memoir, which saw him question why people “so avidly craved” restrictions.Speaking to Sky News, Mr Johnson said he “totally rejects” the claim he was expressing disdain for members of the public who followed the rules during the Covid-19 pandemic.In a chapter of his book about fighting the second wave of the pandemic, the former prime minister pointed out the “sheer complexity” of the tier system, which saw different parts of the UK placed under varying levels of restriction.Mr Johnson said: “The real question is why on earth the public so avidly craved these rules and why they were so willing to have their doings circumscribed in such rabbinical detail.”He added that the rules acted “like a kind of religion, detailed rituals you just obeyed, Leviticus like in the hope of salvation”.Copies of former prime minister Boris Johnson’s latest memoir, titled Unleashed , ahead of its release to the public (James Manning/PA) More

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    Boris Johnson says his Downing Street apartment resembled a ‘crack den’

    Boris Johnson claimed the inside of his Downing Street apartment resembled a “crack den” before its refurbishment.The former prime minister defended his reported £200,000 refurb during an interview with LBC on Tuesday (8 October), insisting it “wasn’t as much as that”.Mr Johnson said: “Frankly, once I pulled the carpets out of the flat in number 11, which is where we lived, because Dylan was then in the stages of being — the whole thing was looking a bit like a crack den to be totally honest, and it needed to be refurbished.” More

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    Labour poll lead over Tories slashed to one point

    Your support helps us to tell the storyFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Louise ThomasEditorLabour’s polling lead has fallen to just one point after a rocky start to Sir Keir Starmer’s time in government. The latest polling comes despite the prime minister attempting to draw a line under the disorder by accepting the resignation of his chief of staff Sue Gray.The survey, conducted by More in Common for Politico, put Labour on 29 per cent and the Conservative Party on 28 per cent. Reform UK was on 19 per cent, while the Lib Dems were on 11 per cent. The Green Party was at seven per cent, while the SNP was on two per cent.Ahead of the election, Labour was consistently polling around 20 points ahead of the Tories More

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    New regulatory office ‘to help new tech reach public faster’

    Your support helps us to tell the storyFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Louise ThomasEditorA new Regulatory Innovation Office (RIO) has been launched by the Government, which it says will help speed access to new technologies which can improve daily life.The office has been created to help reduce the burden for businesses looking to bring new products and services to market, the Department for Science, Innovation and Technology (DSIT) said.The Government said the new office will support regulators in updating regulation, as well as helping speed up approvals for new tech and help different regulatory bodies work together smoothly.It said the office could help new technologies such as AI for better treatments in the NHS and drones delivering emergency supplies could reach the public faster with the new office in place.RIO will make sure UK companies are at the forefront of the next generation of technologiesPeter Kyle, Science and Technology SecretaryThe RIO will also liaise with the Government on how to remove barriers to innovation and set priorities for regulators and support them as part of wider goals to grow the economy.The search for a chair to lead the new office is now under way, the Government confirmed.Science and Technology Secretary Peter Kyle said: “The launch of the Regulatory Innovation Office, a key manifesto commitment, is a big step forward in bringing the UK’s most promising new technologies to the public faster and safely while kickstarting economic growth.“By speeding up approvals, providing regulatory certainty and reducing unnecessary delays, we’re curbing the burden of red tape so businesses and our public services can innovate and grow, which means more jobs, a stronger economy, and a better quality of life for people across the UK.“From breakthroughs that could help doctors diagnose illnesses earlier to satellite navigation for more accurate weather forecasting and getting emergency supplies to where they are needed, quickly and effectively, RIO will make sure UK companies are at the forefront of the next generation of technologies.”The DSIT said the office will initially focus on four fast-growing areas of technology – engineering biology, space, artificial intelligence and digital in healthcare, and connected and autonomous technology. More