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    Farage’s ‘bonanza for billionaires’ would cost UK £34bn a year, warns tax expert

    Nigel Farage’s plans to introduce a ‘Robin Hood tax’ to attract the wealthy back to the UK would cost the economy £34bn a year, a leading tax expert has warned.Dan Neidle of Tax Policy Associates has hit out at the Britannia card scheme proposal, which would allow wealthy people to pay a one-off fee of £250,000 and replace the former non-dom scheme scrapped by Tory chancellor Jeremy Hunt and current Labour chancellor Rachel Reeves.Reform UK believes that the scheme would produce around £2.5bn a year which it plans to hand out as a dividend of £1,000 to those on the lowest incomes.But Labour has damned it as a “bonanza for billionaires”, likening it to Liz Truss’s disastrous mini-Budget.Meanwhile, in a scathing assessment, Mr Neidle warned: “We believe there are three very serious problems with the policy.Farage and Yusuf arrive to introduce their plans More

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    In the wake of Trump’s strikes on Iran, what are Keir Starmer’s options?

    The choices Keir Starmer makes in the next few days could define his premiership. Tony Blair never escaped the accusation he had been George Bush’s “poodle” over the invasion of Iraq. And how far the current Labour PM goes in backing another US president in another foreign conflict could help or haunt him for years to come. Despite the prime minister last week repeatedly saying “de-escalation is the priority”, the Trump administration pressed ahead with strikes on three nuclear sites in Iran overnight on Saturday. The prime is now walking a tightrope between supporting the UK’s closest ally and attempting to call for calm. In the wake of the strikes, Sir Keir appeared to give the US his cautious backing – describing Iran’s nuclear programme as a “grave threat to international security”. But he has also issued stark warnings about the conflict escalating beyond the region. As the situation in the Middle East continues to escalate, the prime minister is caught between a rock and a hard place. He is currently sat firmly on the fence – with his most senior ministers refusing to say whether Trump’s strikes were either legal or even “the right thing to do”. And while the US did not ask Britain for help in its first round of strikes, at some point, the prime minister will be forced to make a decision. So what are his options? Sir Keir Starmer has worked hard at forging close ties with President Trump since his return to the Oval Office More

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    West is facing ‘moment of peril’ after Iran vows retaliation for US strikes

    David Lammy has warned the West is facing a “moment of peril” after Iran vowed to retaliate following US strikes on three nuclear facilities. It comes after Donald Trump’s regime conducted airstrikes at Fordo, Isfahan and Natanz despite Sir Keir Starmer pushing for de-escalation in the preceding days.Asked how concerned the government is about possible retaliation, the foreign secretary warned: “This is a moment of peril.” Britain’s foreign secretary David Lammy makes a statement following their meeting with Iran’s foreign minister on Tehran’s nuclear programme More

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    David Lammy refuses to say whether US attack on Iran was ‘right’ or ‘legal’

    Foreign secretary David Lammy has refused to defend Donald Trump’s attack on Iran and confirm it was either legal or even “the right thing to do”.In an awkward interview on BBC Radio 4’s Today Programme, Mr Lammy was asked four times if Donald Trump’s airstrikes on Iranian nuclear facilities were legal.“We were not involved, it is for the Americans to discuss those legal issues,” he responded, avoiding the answer.The questions followed reports that UK attorney general Lord Hermer has suggested it would not be legal for the UK to launch such attacks.David Lammy was unable to say if the US attack was legal or right More

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    Energy bills could be cut by up to 25% for thousands of UK businesses

    Electricity costs for thousands of businesses will be cut by scrapping green levies to help them compete with foreign rivals.The plan, which could cut bills by up to 25 per cent, forms a key part of Sir Keir Starmer’s 10-year industrial strategy which he hopes will address stuttering economic growth and transform the business landscape.The prime minister said the plan marks a “turning point for Britain’s economy” by supporting key industries where there is potential for growth.Manufacturers have warned “crippling” power costs are far higher for UK businesses than competitors overseas.Sir Keir Starmer, right, and climate change and Net Zero secretary Ed Miliband, left, visited Rocester last week More

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    Trump administration denies wanting war with Iran or regime change after nuclear site bombing raid

    Donald Trump’s administration “does not seek war” and is not trying to create regime change, US defence secretary Pete Hegseth has claimed after the president authorised a stunning attack on Iran.With the world reeling over the stealth bomber raids on three nuclear sites – dubbed Operation Midnight Hammer – President Trump claimed he had “completely obliterated” Iran’s chances of obtaining nuclear weapons.But despite Mr Hegseth’s comments on Sunday, the attacks have prompted the UK and others to organise repatriation flights for citizens from Israel, Iran and surrounding countries amid fears of all-out war.Click here for the latest on the ongoing conflict.Defence secretary Pete Hegseth revealed new details of the attack at the Pentagon in Washington on Sunday More

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    Starmer backs Trump’s bombing of Iran saying it ‘can never be allowed to develop nuclear weapon’

    Keir Starmer has backed Donald Trump’s dramatic decision to bomb Iran overnight.The US president said the attacks carried out at Fordow, Natanz and Esfahan were “very successful”. In a statement the prime minister said: “Iran’s nuclear programme is a grave threat to international security. Iran can never be allowed to develop a nuclear weapon and the US has taken action to alleviate that threat.“The situation in the Middle East remains volatile and stability in the region is a priority. We call on Iran to return to the negotiating table and reach a diplomatic solution to end this crisis”. It comes just 48 hours before Sir Keir is set to join other world leaders including representatives of the Trump administration for a major summit of NATO in the Hague.Prime Minister Sir Keir Starmer has backed the bombing More

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    Every time Starmer wants us to think the best of Trump, the US president proves him wrong

    Just five days ago Sir Keir Starmer sat down with the travelling pack of UK journalists at the G7 in Canada and assured them and their readers that Donald Trump would not attack Iran.He said: “There is nothing the president said that suggests he’s about to get involved in this conflict, on the contrary, the G7 statement was about de-escalation.”I think what he said was he wanted to go beyond a ceasefire effectively and end the conflict. And I think he’s right about that. I mean, a ceasefire is always a means to an end.”That is consistent with what we agreed around the table yesterday. And throughout the dinner yesterday I was sitting right next to President Trump, so I’ve no doubt, in my mind, the level of agreement there was in relation to the words that were then issued immediately after that, pretty soon after the dinner.”Donald Trump and Keir Starmer have a good relationship – but they are not always on the same page More