
Reeves to set out principles on who might get energy bills support – and who won't
The chancellor must react in real time to the economic shock of the war in Iran, writes the BBC's political editor.
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The chancellor must react in real time to the economic shock of the war in Iran, writes the BBC's political editor.

The chancellor must react in real time to the economic shock of the war in Iran, writes the BBC's political editor.

The Chancellor has been warned her plans could 'decimate' the UK's tourism sector by the end of the decade.

PM indicates he would prefer to focus taxpayer-funded help on poorest households, rather than universal bailout Ministers are looking at providing support for household bills next winter, Keir Starmer said, as he suggested the energy price shock unleashed by the Iran conflict could continue for months to come. The prime minister indicated he would prefer to focus any taxpayer-funded help on the poorest households, rather than an expensive universal bailout, ahead of an emergency meeting on the e

Company will assess whether drop to 186mph from 224mph will save money and help bring forward launch Ministers have told High Speed Two to consider running its trains at lower speeds, in an attempt to rein in the spiralling budget and begin operations as soon as possible. HS2 Ltd will assess whether limiting the speed to 186mph (300km/h) instead of 224mph could save money – potentially billions of pounds – and bring the railway into being earlier in the 2030s. Continue reading...

It had been possible to observe this presidency in abstract terms, but no more. The consequences of the Iran attack will affect our lives and our politics Nothing has changed. Yet. But we stand on the edge of inevitable economic cataclysm, such as not seen in our lifetimes. It’s an odd, hold-your-breath moment, waiting for what the International Energy Agency (IEA) says is now certain to happen: an energy crisis so critical it will be the equivalent of the two oil crises in 1973 and 1979 and Rus

The US president has extended by five days his deadline to ‘hit and obliterate’ Iran’s power stations and energy infrastructure if Tehran does not allow shipping to move freely. Pippa Crerar and Kiran Stacey discuss what is behind this change of tone and the impact the uncertainty will have on the cost of living in the UK. Plus, with just over six weeks until the local elections, they talk through what to watch as the results come in Continue reading...
Policy coordination needs to be improved.The Bank of England must be more accountable and aligned with broader macroeconomic objectives. It needs to do its job better. There is no alternatives. Desperate economic circumstances require hard-edged small state policies. The post Mike Newton: A primer for navigating recent chaos in the Gilt markets and a Conservative response appeared first on Conservative Home.
Keir Starmer is up in front of the Liaison Committee for the next hour. Expect plenty on Iran and the economy…
The Number 10 spokesman in the Lobby briefing of press hacks today: “We doubled our headroom against our fiscal rules. Borrowing is forecast to be lower than the G7 average… we have delivered stability when it comes to the public finances, and we’ve done so in a way that allows us to invest in priorities…

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shock UK politics live – latest updates Middle East crisis – live updates Keir Starmer has promised to look at using “every lever that’s available to the government” to help with the cost of living impacts of the US-Israel war against Iran, ahead of an emergency meeting with senior ministers later on Monday. The prime minister is to chair a meeting of the Cobra committee on Monday afterno
At the time of going to pixel, 10 year-gilts are at 5.069% – and rising. Now hitting 2008 financial crisis levels… and comfortably higher than the 4.42% peak after Liz Truss’s mini-Budget…