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Departments told to manage their own cost pressures as finance ministry seeks to curb overuse of contingency fundCabinet ministers have been told they will not be able to use the Treasury reserve to fund public sector pay rises and cannot access it unl…
The Social Market Foundation thinktank says council tax reform and a property-based tax would be more sustainable and fairerVoting in the Labour deputy leadership election opens today. Lucy Powell, the former Commons leader, is seen as the favourite an…
Conservative leader aims to rebuild party’s economic credibility after it was torched by her predecessorsA British Ice and more stop and search: Badenoch’s Tories set out new policiesKemi Badenoch will unveil a “golden rule” to reduce government borrow…
Markets rattled by resignation of French PM but country is not alone in trying to grapple with political mathsSébastien Lecornu’s abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash betw…
Half of Tory members also want Kemi Badenoch to be replaced as Conservative leader. This live blog is closedMel Stride, the shadow chancellor, was doing an interview round for the Conservatives this morning, and Miatta Fahnbulleh, the faith and communi…
Mel Stride outlines plans to slash £47bn a year from public spending, including £23bn welfare cutUK politics live – latest updatesOverseas nationals denied benefits under a Conservative plan to limit social security to UK citizens would have the option…
Labour colleagues advise chancellor against string of small money-raising measures, as OBR presents forecastSome of Rachel Reeves’s Labour colleagues have urged her to ditch the party’s manifesto promises rather than risk a “pasty tax” budget that rais…
Losses narrow to nearly £16m for 48 weeks to 4 January 2025 but group has not made pre-tax profit since 2019Selfridges has blamed a slump in the number of international tourists shopping for luxury goods in the UK and weaker consumer confidence for a f…
In a combative speech, the prime minister will pledge to raise living standards and ‘face down’ threats of a volatile worldKeir Starmer will attempt to brush aside critics of his economic strategy by insisting it can be the “antidote to division” being…
Conference speech sets out likely Labour economic argument at next general election and pitch to partyUK politics live – latest updatesReeves warns Labour figures against ‘peddling idea’ of ditching fiscal rules“Never let anyone tell you that there’s n…