James Heale

Gordon Brown may not be every teenager’s political pin-up. But as an Oxford student, Rachel Reeves proudly kept a framed photo of him in her bedroom. It was Brown who introduced the first multi-year spending review in 1998: the kind of big political set-piece speech which he relished. Reeves’s speech on Wednesday showed the level of constraints facing the Treasury this decade vs the 1990s. Chess, not poker, is the Chancellor’s chosen game of recreation. As a player and a politician, she prides herself on making decisions guided by skill, care and thought. Yet this week she staked her government’s future on a series of political bets. Her tax rises and changes to Treasury rules gave her some £300 billion to spend across Whitehall – including £113 billion in capital funding.

This afternoon Rachel Reeves finally completed the longest U-turn in British politics. Ahead of her spending review on Wednesday, the Chancellor confirmed she intends to reverse most of the cuts to winter fuel that she announced last summer. In July, she removed the benefit from ten million pensioners; today she admitted she will restore it to nine million of them. All those with an income of less that £35,000 will have their payments of between £200 to £300 restored this winter. Roughly two million pensioners with an income above £35,000 will lose it via PAYE or self-assessment. Cutting winter fuel was forecast to save £1.25 billion; today’s U-turn whittles that sum saved down to around £450 million.

Well, that was quick. Within 48 hours of his resignation as party chairman, Zia Yusuf has returned to the Reform fold. In a joint Sunday Times interview with Nigel Farage, Yusuf has admitted to making a ‘mistake’. He will now take up a new revised role within the party, focusing on policy formation and leading on the party’s DOGE mission in local government. A new chairman will be named on Tuesday, amid a backroom shake-up focused on sharing the load on Reform’s leadership. ‘Welcome back Zia,’ wrote Richard Tice on one internal Reform WhatsApp group. ‘Hope you enjoyed your holiday!’ What led Yusuf to change his mind? The obvious precedent here is Farage himself in May 2024.

Following last month's local elections disaster, Kemi Badenoch's team promised a 'step change'. So just 24 hours after Shadow Chancellor Mel Stride offered a 'mea culpa' for the mini-Budget, Badenoch has followed up by suggesting that the UK 'will likely need to leave' the European Convention on Human Rights (ECHR). It comes amid a hardening of internal Tory opinion on the subject, following both a number of high-profile rulings by British courts and a surge in illegal migration. 'I do believe that we will likely need to leave', Badenoch said Badenoch's argument is as follows: foreign criminals, convicted of horrific abuse, currently cannot be deported. The ECHR is now being used in ways never intended by its original authors.