More stories

  • in

    Rachel Reeves is besieged on all sides and needs a dramatic intervention to save UK economy

    When Rachel Reeves turns up at the International Monetary Fund (IMF) today she already knows that she needs a near miracle to turn things around.The dire predictions by the IMF itself ahead of the summit of finance ministers in Washington DC saw the UK set to have the highest inflation of advanced economies at 3.1 per cent while growth was slashed by 0.5 per cent to 1.1 per cent.For a woman whose mantra during and after the election was “growth! growth! growth!” the news could not be worse for the chancellor.And while the IMF’s revisions are a result of Donald Trump’s planned tariffs, the reality is that Ms Reeves was already struggling and under siege from competing demands from all sides.The chancellor now needs to land a number of apparently contradictory achievements to turn the UK economy around and save her political career and reputation.Chancellor of the Exchequer Rachel Reeves (James Manning/PA) More

  • in

    Starmer should be held ‘personally responsible’ if trans women are harassed in male toilets, Labour NEC member says

    Sir Keir Starmer should be held “personally responsible” if trans women are assaulted after he said they should use men’s bathrooms, a member of Labour’s ruling National Executive Committee (NEC) has said. The prime minister is either going to “put trans people in dangerous situations where they are vulnerable or force them out of society”, Jess Barnard told The Independent. “Both of which are an appalling state for us to be in,” she added. Jess Barnard condemned Sir Keir Starmer’s comments More

  • in

    UK borrowing nearly £15bn above official forecast as pressure grows on Reeves

    Borrowing by the UK government rose by more than expected in the latest financial year, new official figures show. Public sector net borrowing rose to £151.9 billion in the year to the end of March, the Office for National Statistics (ONS) said.The figure will come as a blow for chancellor Rachel Reeves, who is visiting Washington this week for major Trump trade deal talks. It comes just a day after the UK’s economic growth forecast was downgraded by the International Monetary Fund (IMF).The new borrowing figure is £14.6 billion higher than the £137.3 billion that was forecast by the Office for Budget Responsibility. The yearly figure was also £20.7 billion more than the same period a year earlier.It also marks the third-highest level of borrowing in any financial year since records began in 1947, the ONS said. It comes only behind the Covid pandemic in the year to 2021, and the 2010 financial year following the global crisis.The new figures also show that borrowing rose to £16.4 billion last month, marking the third-highest March borrowing since monthly records began.Chancellor of the Exchequer Rachel Reeves (James Manning/PA) More

  • in

    Last chance to apply for emergency photo ID for upcoming local elections

    The deadline is fast approaching for voters in England to secure the necessary photo identification to participate in next week’s local and mayoral elections. With polls opening on May 1st, individuals lacking an acceptable photo ID have mere hours to apply for a Voter Authority Certificate.These elections hold significant weight, with 1,641 council seats contested across 23 local authorities. Beyond local councils, four regional mayoral positions and two local mayoralties are also being decided. Additionally, a parliamentary by-election will take place in the constituency of Runcorn & Helsby.Crucially, only specific forms of photo identification will be permitted at polling stations. Accepted forms include passports, driving licence photocards, blue badges, and older person’s bus passes. Those without these approved documents must apply for a Voter Authority Certificate by the 5pm deadline on Wednesday. Failure to do so will result in being turned away from polling stations and the inability to cast a vote.This can be done online at gov.uk/apply-for-photo-id-voter-authority-certificate.Applications for voter ID certificate ahead of UK local elections More

  • in

    UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

    The UK’s economic growth forecast has been slashed by the International Monetary Fund (IMF), with a warning that the fallout from Donald Trump’s trade war will hit Britain harder than the rest of Europe. The global economic organisation predicts growth will stall by 0.5 per cent in 2025, compared to its previous forecast, with a further downgrade of 0.1 per cent in 2026. It means the UK economy will grow by just 1.1 per cent next year, and 1.4 per cent the year after.Rising government borrowing costs as a result of Trump’s tariffs as well as higher inflation and sky-high energy costs in the wake of Russia’s invasion of Ukraine are all to blame, the IMF said.The downgrade raises the prospect of further tax hikes or spending cuts in the chancellor’s autumn Budget More

  • in

    Keir Starmer U-turns to say trans women are not women after Supreme Court ruling

    Sir Keir Starmer no longer believes trans women are women in the wake of last week’s landmark Supreme Court ruling. The prime minister has previously said that “trans women are women”, but asked to repeat that statement on Tuesday he pointed to the judgment, which ruled the term woman referred to biological sex, saying it had “answered that question”.Downing Street later confirmed the U-turn. Asked if the PM still believed that a transgender woman was a woman, his official spokesman said: “No, the Supreme Court judgment has made clear that when looking at the Equality Act, a woman is a biological woman. That is set out clearly by the court judgment.”Trans women are not women, Keir Starmer has said in the wake of last week’s landmark Supreme Court ruling More

  • in

    Gloomy economic forecast piles pressure on Reeves to secure trade deal with Trump

    The International Monetary Fund (IMF) has slashed the UK’s economic growth forecast in a fresh blow to Rachel Reeves, upping the ante as the chancellor prepares to hold talks in Washington DC this week. Ms Reeves is expected to have her first face-to-face meeting with her US counterpart, treasury secretary Scott Bessent, as she pursues a new economic agreement the UK hopes can offset some of the cost of Donald Trump’s trade tariffs. But the news of the growth downgrade, more severe than the prediction for the rest of Europe, will increase the pressure on the chancellor to secure a deal – or face the spectre of tax rises or even more spending cuts later this year. Rachel Reeves is expected to spend three days in the USA More

  • in

    British Steel halts plans for thousands of job losses after government intervention

    British Steel has said it will end a consultation on up to 2,700 redundancies, after the UK government took control of the firm earlier this month.Prime Minister Keir Starmer previously recalled MPs from their spring recess so Parliament could pass emergency legislation allowing the government to take operational control of British Steel. Since the government’s intervention, British Steel has been able to secure a stable supply of raw materials to its two blast furnaces, Queen Anne and Queen Bess. Now British Steel has confirmed it has officially withdrawn the HR1 consultation form it had submitted to the Department of Business and Trade on March 27. This means all operations at British Steel are being maintained, including Scunthorpe Rod Mill. Lisa Coulson, interim Chief Commercial Officer said: “This has been a difficult and worrying time for British Steel staff and their families. I can however confirm that we are closing the redundancy consultation without action.“Since the Government passed its legislation, we have been working day and night to ensure we are able to stabilise our operations. The work done to secure the raw materials we need for both Queen Anne and Queen Bess blast furnaces means we are able to run both continuously.“We would like to thank our trade union partners for their professionalism and the support of their members over recent days and weeks.“And I would also like to thank everyone in our workforce for their extraordinary dedication over recent days and weeks. It is your hard work and passion that means steelmaking in Scunthorpe has a bright future.“Quite simply, British Steel workers are the finest in the world.”British Steel has ended its redundancy consultation without any action More