Politics

Read about the latest UK political news, views and analysis.

Steerpike

Watch: Speaker torches Reeves on Budget leaks

Sir Keir Starmer is known to detest leaks – but what about when it is the Prime Minister leaking himself? Watching Starmer’s big speech this morning, Mr S was perplexed to see the Labour premier confirming reports that his Chancellor intends to hike the national bus fare cap on Wednesday from £2 to £3. Shurely shome mistake? Budget announcements are of course meant to be made in the House of Commons chamber, with Hugh Dalton famously resigning as Chancellor in 1947 after details were published in an evening newspaper before his speech. Indeed, it was just, er, three years ago that the Speaker, Lindsay Hoyle, tore into Boris Johnson’s government

Philip Patrick

Japan could soon lose one of its best assets

What now? This is the question on everyone’s lips here in Tokyo after a dramatic general election which looks to have inflicted a potentially grievous wound on Japan’s eternal party of government. The Liberal Democratic Party (known as Jiminto) led by the barely broken-in new Prime Minister Shigeru Ishiba lost its overall majority, even if its partners, the Buddhism-associated Komeito, are factored into the equation.  The result was a mess In one of the worse nights in its history, the LDP, who have held power for 65 out of the last 69 years, lost 68 seats. They remain the largest party overall but will now have to scramble to put

Kate Andrews

Will the OBR’s £22bn ‘black hole’ review vindicate the Tories?

Are the details of the alleged £22 billion fiscal black hole about to be revealed? In addition to providing assessments and forecasts for the UK economy alongside the Chancellor’s Budget on Wednesday, the Office for Budget Responsibility is also set to publish its ‘review’ into Rachel Reeves’ claim that the Tories covered up a multi-billion pound black hole in the public finances – one that she was only able to unearth after she entered the Treasury. Since Reeves first made the accusation in July, there has been lots of speculation about how the figure was compiled – and exactly where the money went. The Treasury has not released a breakdown

Russia is creeping towards stagflation

The Central Bank of Russia raised its benchmark rate to a twenty-year high of 21 per cent on Friday – and has indicated that it could go even higher. Even Vladimir Putin, a notorious serial boaster, won’t be caught bragging about this tell-tale sign of a not-so-healthy economy. The writing is on the wall: Russia is getting closer to stagflation – a no-growth, high-inflation economy.  An interest rate this high is unprecedented. In February 2003, still fresh in his job, Putin launched reforms to kick-start the Russian economy after the 1998 financial meltdown; the central bank brought its refinancing rate to 20 per cent and has kept it below that level ever

Isabel Hardman

Keir Starmer is borrowing from Nick Clegg’s playbook

Keir Starmer has given up trying to define what a ‘working person’ is after last week’s debacle, announcing at the start of his pre-Budget speech today that working people know who they are. The Prime Minister said: ‘I know some people want to have a debate about this, and I know there will always be an exception that proves the rule. Welcome to the wonders of a diverse country. But I also know that the working people of this country know exactly who they are.’ Even though Starmer is explicitly copying the Tories in 2010, he sounded more like Nick Clegg in that era It’s a better move than attempting

Steerpike

Will Labour return the Elgin Marbles?

They’ve handed over the Chagos Islands and are up for talking reparations. So what else of Britain’s heritage is Labour prepared to surrender? An obvious case, perhaps, is the Elgin Marbles, whose fate briefly became the subject of a major diplomatic incident involving Rishi Sunak and his Greek counterpart late last year. At PMQs, the-then Leader of the Opposition Sir Keir Starmer quipped: ‘Never mind the British Museum, it’s the Prime Minister who has obviously lost his marbles.’ But now he is in office, is this yet another issue on which Starmer is prepared to cede ground? Word reaches Mr S from Athens where the best-selling Greek newspaper seems very

Ross Clark

Does Rachel Reeves have to hike taxes?

Could Rachel Reeves’s ‘black hole’ be filled not through tax rises or even spending cuts but rather through getting an extra two million people into work? That is the claim this morning made by the Jobs Foundation, a think tank set up by Matthew Elliott, now Lord Elliott, who formerly ran the Taxpayers’ Alliance. Raising the employment rate from 75 per cent to 80 per cent of the working age population, it claims, would raise an extra £20 billion in tax. That is not quite the £35 billion to £40 billion worth of tax rises which we have been briefed to expect in Wednesday’s Budget, but never mind – all

James Heale

Budget week: Labour braced for backlash

13 min listen

It’s Budget week (finally)! How this week goes will set the tone for Labour’s first year in office. It’s fair to say that expectations are relatively low – with the Prime Minister himself warning of ‘painful decisions’ ahead. We know a lot of what will likely be included and Treasury sources are keen to play down talk of any Budget rabbits – suggesting a mix of the measures currently being discussed in the media. So what should we expect? And can Labour ride out the week unscathed? Also on the podcast, Labour have suspended the whip for Mike Amesbury, MP for Runcorn and Helsby, after he appeared to threaten a

Brendan O’Neill

When will Sally Rooney boycott Britain?

I have a question for Sally Rooney. Why are you perfectly happy to engage with cultural institutions in the UK, despite the various mad wars us Brits have waged in recent years, but you dodge like the plague cultural institutions in Israel because Israel is fighting a war in Gaza? Rooney, the celebrated Irish author of chick lit for people with PhDs, has reportedly put her name to a letter calling for a boycott of Israeli cultural institutions that are ‘complicit in genocide’. Hundreds of other writers with virtue to advertise have apparently signed too. Arundhati Roy, Percival Everett, Rachel Kushner and others all say they will forswear Israeli ‘publishers,

Katy Balls

Keir Starmer’s Budget reality check

It’s Budget week in Westminster. Over three months after Keir Starmer triumphed in the general election, his Chancellor Rachel Reeves will this week set out the direction of the Labour government for the coming years in her first ever Budget. It’s fair to say that expectations are relatively low – with the Prime Minister himself warning of painful decisions ahead. Meanwhile, Treasury sources are keen to play down talk of any Budget rabbits, suggesting a mix of the measures currently being discussed in the media. Starmer will be trying to offer a narrative as to why tough decisions need to be taken The one confirmed Budget measure is a change

I fear for Georgia’s future

Following this weekend’s fraughtly awaited election ‘results’ in Georgia – as important for the country’s direction as any since the end of the Cold War – a potentially explosive situation is developing. While exit polls suggested the Georgian Dream (the incumbent, pro-Kremlin party) would gain no more than 42 per cent to the collective opposition’s 58 per cent, Sunday morning saw GD leader Bidzina Ivanishvili declaring victory and claiming 54 per cent of the vote. ‘It is rare for any party anywhere in the world to achieve such success in such a difficult situation,’ Ivanishvili crowed.   Yet amidst widespread allegations of rigged ballots, intimidation and voter fraud, opposition parties are refusing to accept

Regime change in Iran is a bad idea

In 2012, as the Islamic Republic showed signs of buckling under the weight of US and EU sanctions, Senator John Kerry spearheaded a series of backchannel meetings with his Iranian counterparts to begin exploring the deal that became the Joint Comprehensive Plan of Action (JCPOA), an arms reduction agreement between Iran and western nations in which Iran would receive sanctions relief in exchange for caps on uranium enrichment. The US and its allies sought to strike a bargain with an Islamic Republic desperate for foreign investment, eager to accept terms. Yet in the years leading up to the JCPOA’s signing in 2014, another strand of thought emerged from within US

Sam Leith

Keir Starmer, Karl Marx and the cant of ‘working people’

Labour has promised that, come what may, they will not be increasing taxes on ‘working people’. Well, jolly good. Those of us who work for a living will tend to welcome such a promise. So will hedge fund managers, who go to work every day, and the CEOs of Fortune 500 companies, and the lawyers and accountants who manage vast offshore tax efficiency schemes. Working people all. ‘Working people’ is a cant phrase, which – as Bridget Phillipson was forced to admit when she struggled to say if small business owners counted – means nothing concrete at all. It has the advantage, as all such cant phrases do, of denoting

Steerpike

Labour MP suspended after CCTV punch

After a miserable few days involving a diplomatic row about reparations at the Commonwealth summit in Samoa, Keir Starmer will have been hoping for a more positive start to this week ahead of the Budget on Wednesday. Alas, it appears not to be.  Tonight the Labour party announced the suspension of Mike Amesbury, after CCTV was published by the Daily Mail, appearing to show the Labour MP punching another man in the street, before continuing to strike him while he was on the ground.  Absolutely shocking footage from any old thug, let alone a sitting MP.https://t.co/m4eb5Jdlas pic.twitter.com/XBRJM9VjZk — Tom Harwood (@tomhfh) October 27, 2024 A Labour spokesperson said:  ‘Mike Amesbury MP

Katy Balls

How did Keir Starmer end up in this reparations bind?

Ahead of the Commonwealth summit in Samoa, Keir Starmer told the travelling press pack that he wanted to look forward rather than have ‘very long endless discussions about reparations on the past.’ Rather than discuss the possibility of payments to Commonwealth countries to apologise for Britain’s historical role in the slave trade, Starmer wanted to talk about areas of collaboration on climate and humanitarian work. By his own metric, the Prime Minister appears to have failed. While government figures repeatedly said reparation talks were not on the table, Starmer leaves Samoa having agreed with Commonwealth countries that Britain will discuss reparations for slavery next year. Despite opposition from the UK

Steerpike

Women’s Equality party to abolish itself

So. Farewell then the Women’s Equality party. Founded to much fanfare by Sandi Toksvig and Catherine Mayer in 2015, the self-proclaimed ‘intersectional feminist organisation’ has decided to push for its own abolition at a special conference next month. It comes after a decade of stunning electoral success that saw them win a single seat in Hampshire in this year’s local elections. At this general, they then fielded four candidates across the country who won a combined total of 1,275 votes. How will Westminster cope with their absence? In a lengthy self-justificatory piece for the Observer today, the co-founders cite financial challenges and a changed political and media context as reasons for why

Israel has exposed America’s cowardice towards Iran

On Saturday, Israel launched a retaliatory strike against Iran which targeted around 20 military sites across the country, using over 100 combat aircraft. This was an unprecedented operation by Israel against Tehran – in both its breadth and depth. Israel’s aim was to degrade and deter. And in the process, it has reminded the world of the weaknesses of America’s current policy towards Iran. So far, Iranian media has been downplaying the Israeli strikes. Even as the bombing campaign was underway, pro-regime Telegram channels were posting videos showing placid scenes of Iranian cityscapes. In April, when Israel launched an attack on Esfahan, Iranian state television broadcast the morning traffic with