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35 headlines found — Page 2 of 3

Guido Fawkes13 Mar 2026

US Treasury Secretary Says Starmer Put American Lives at Risk With Base Denial

US Treasury Secretary Scott Bessent has told Sky News’ Wilfred Frost that Starmer’s decision to block US forces’ ability to launch strikes from Diego Garcia risked the lives of American servicemen. Team Trump is still fuming with the PM… Starmer obviously reversed that decision in 24 hours but the damage was done. Frost asked Bessent…

Economy
Guido Fawkes13 Mar 2026

Labour Boasts About “A Growing Economy” Twelve Hours Before Achieving 0% Growth

There is a whole section in the latest ‘The Labour Rosette’ newsletter to party members, published at 6.31pm last night, dedicated to the government’s ‘right economic plan’. Apparently Labour has “restored stability to our public finances” and the economy is “resilient”.  It even reheats the closer to Reeves’ snooze-fest of a Spring Statement: “My plan is…

EconomyHousing
Guido Fawkes13 Mar 2026

Economy Flatlines at 0.0% Growth in January

New figures released by the Office for National Statistics shows that the economy flatlined in January. Your pre-Iran War growth is… zero. GDP grew by 0.1% in December and economists expected it to grow by 0.2% in January. Instead it posted 0% growth… Services showed no growth, production fell by 0.1%, and construction grew by…

EconomyDefence
Guido Fawkes12 Mar 2026

British Borrowing Costs Rise to Six-Month Highs

UK gilt yields are rising at a rapid rate again. Throwing Reeves’ fiscal plans into disarray… The yield on 30-year gilts has climbed by 12 basis points to 5.47%. 10-year yields reached 4.754% just now. These are the highest since October…

Economy
Guido Fawkes12 Mar 2026

Downing Street Insists Mandelson’s £75,000 Payout Does Not Contradict Official Guidance

Downing Street is insisting Mandelson’s £75,000 severance payout did not contradict the government’s own official guidance on public sector exit payouts, which makes clear payouts should not be used to soften reputational damage. Speaking at the Lobby briefing of press hacks this afternoon: “[Mandelson’s payout was] Treasury-approved severance in line with standard HMT guidance and…

PoliticsEconomy
Guido Fawkes11 Mar 2026

WATCH: Starmer Opens Door to Reversing Reeves’ Fuel Duty Hike

Starmer has suggested that the rise in fuel duty could be reversed before it is defrosted in September. In PMQs he said: “We will keep the situation under review in light of what’s happening in Iran.” Reeves told the Treasury Committee about 20 minutes before that she was ‘loath’ to climb down from the tax…

Economy
Guido Fawkes11 Mar 2026

Reeves: ‘It is Valid’ to Say Labour Shouldn’t Have Raised National Insurance

During Reeves’ Treasury Committee appearance this morning in which the Chancellor said she supports releasing strategic oil reserves, she also said there is a ‘valid’ argument to be made that she shouldn’t have raised National Insurance: “Yeah, we did make the decision to increase national insurance in my first Budget and that’s because we needed…

Economy
Guido Fawkes10 Mar 2026

OBR: Oil Price Rise Could Hike Inflation by 1%

The OBR has said inflation could be 1% higher by the end of the year thanks to a long spike in energy prices. Just Reeves’s luck… David Miles, member of the OBR’s budget responsibility committee, told MPs in the Commons: “If there’s no change in the picture on prices from now on forward, we estimate…

PoliticsEconomyDefence
Guido Fawkes10 Mar 2026

Corbyn’s Your Party Calls for End to Iranian Sanctions

Approved unanimously by Your Party’s Central Executive Committee: “Ordinary Iranians now being bombed are already suffering from economic sanctions, which should be lifted to provide relief.” Magic grandpa still hasn’t lost his touch…

Economy
Guido Fawkes10 Mar 2026

WATCH: Reeves Insists Fuel Prices Are Low Enough to Proceed With 5p Hike

Reeves has insisted just now in the House of Commons that the 5p fuel duty rise remains “under review” but poured cold water on calls to scrap the tax hike. She blamed the Tories and said oil prices are falling: “Well, the price today of of petrol is 8p per litre lower than if I…

PoliticsEconomy
Guido Fawkes9 Mar 2026

LIVE: Reeves Gives Commons ‘Economic Update’

The Chancellor is speaking in the Commons on the Middle East.

PoliticsEconomy
Guido Fawkes5 Mar 2026

Victory for British Taxpayers as Collapse of Chagos Deal Stops £165 Million Payment to Mauritius

There’s been a notable change of tone in Port Louis since the eruption of the Iran conflict. Mauritian commentators are starting to admit Starmer’s Chagos deal is fully dead… According to media outlet DeFi: “While the process was progressing very well, with the adoption of the Diego Garcia Military Base and British Indian Ocean Territory…

EconomyDefence