- Taiwan eyes defence spending hike to counter China pressure
- US and UK agree zero-tariffs on pharmaceuticals
- Ruben Amorim: Man United ‘steal’ set-piece routines from rivals
- Hong Kong high rise fire 13 arrested for suspected manslaughter as death toll hits 151
- Man City boss Guardiola backs England’s Tuchel on Foden position
- Darren Jones defends Rachel Reeves over claims she misled cabinet on tax rises
- McLaren to hold internal review into Qatar GP strategy mistakes
- Caicedo red card vs Arsenal, Mateta’s penalty retake
Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.
Starmer and von der Leyen to hold talks on resetting UK-EU relations
FT.com Tweet
Car production fell last month, continuing a trend seen across the year, new figures show.
CITY AM Tweet
Rachel Reeves Eyes Fiscal Rule Shuffle To Bring £50bn Investment Boost in Next Budget
Rachel Reeves is looking to unlock over £50 billion for UK investments in next month’s budget by revising how the government measures debt within its fiscal framework.
According to senior government sources cited by The Times, Reeves has requested that officials explore options to allow the government to offset certain assets against national debt. This would enable a more substantial investment in the economy. Potential assets could include the £236 billion in student loans and the government’s stake in banks like NatWest.
At a recent fringe meeting during Labour’s conference, Reeves emphasised the importance of recognising the benefits of public investment alongside its costs. “Other countries look at assets as well as liabilities, and we’re looking at all of those things,” she stated.
If successful, this approach could facilitate significant investments, such as Labour’s proposed £7 billion national wealth fund and the £8 billion earmarked for the new Great British Energy initiative. However, it’s important to note that this strategy wouldn’t extend to increasing daily spending, such as reinstating winter fuel payments, which Reeves insists must be covered by annual tax revenues, not borrowed funds.
Economists suggest that this shift could indeed free up over £50 billion for economic investment. Lindsay James, an investment strategist at Quilter Investors, pointed out that the fiscal rules have been altered six times in the past nine years, making this proposed change quite feasible. Nevertheless, she cautioned that with UK debt now at 100% of GDP, bond investors may closely scrutinise how the government calculates its financial capabilities.
Currently, the government’s fiscal rules stipulate that national debt should decrease as a percentage of GDP over the next five years.
Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.
Banks including Goldman Sachs and Bank of America expect the pound, currently trading about $1.34, to climb in the coming months
FT.com Tweet
Rachel Reeves could shuffle fiscal rules to invest £50bn in UK economy.
CITY AM Tweet
Boris Johnson claims he considered raid into Holland to recover ‘kidnapped’ Covid vaccines – UK politics live
Boris Johnson has claimed he considered sending the British Army on a daring raid to snatch Covid-19 vaccines from an EU warehouse, although he rejected the idea, saying: “The whole thing was nuts.”
The former prime minister demanded of senior military leaders whether he could launch a mission to a warehouse where the EU had stowed five million doses of the AstraZeneca vaccine, with global supplies dwindling in the height of lockdown.
Mr Johnson Johnson’s book, Unleashed, is being serialised in the Daily Mail and as well as defending his actions during “Partygate” and writing about his experiences in hospital with Covid, he discusses his wranglings with the EU after his post-Brexit deal was put in place.
He wrote: “I was angry enough to contemplate this clandestine operation, because after two months of futile negotiation I had come to the conclusion that the EU was treating us with malice and with spite; not because we had done anything wrong – we had not, far from it; but because we were vaccinating our population much faster than they were, and the European electorate had long since noticed.”
Key Points
Boris Johnson claims ‘Brexit saved lives’
Boris Johnson has claimed his Brexit deal allowed a faster rollout of the Covid vaccine saving lives.
Writing in Unleashed, serialised in Mail +, he said: “Under my deal, we came out. We took back control. That meant that when it came to the approval of vaccines, we no longer had to go at the pace of the rest of the European Union.
“We had our own agency – the Medicines & Healthcare products Regulatory Agency – and we could do our own thing.
“It meant, bluntly, that we were able to immunise huge numbers of elderly and vulnerable people who – if they had been living in an EU country, or in pre-Brexit Britain – would unquestionably have been forced to wait for EMA approval for their drugs, and who might therefore have died of Covid.
“It wasn’t long before some graffiti appeared on the wall in Portobello Road, West London.
“‘Brexit saves lives,’ it said.
“It wasn’t the sort of writing you expect on the wall in the largely Remain-backing Kensington and Chelsea, and I know that some of you will still find it a pretty indigestible assertion. But painful as it may be for some people, it’s true.”
Badenoch doubles down on claim she became working class after working in McDonald’s
Kemi Badenoch has doubled down on her claim that she “became working class” when she got a job at McDonald’s.
The Tory leadership hopeful said she came to the UK “with no money, no friends, no parents”.
She told LBC at that point in her life she was working class as she “had to work to eat”.
“I grew up in a middle class family but coming here I became working class – my dad gave me his last £100, he said ‘you know this is all we have’ because all our money was gone and this is one of the things that people don’t understand,” Ms Badenoch said.
Watch her original comments below:
Badenoch says she ‘went from middle class to working class’ after working at McDonald’s
Pension credit claims hit almost 75,000 since winter fuel payment slimdown
Pension credit claims have hit almost 75,000 amid Government efforts to boost benefits take-up.
Department for Work and Pensions figures released on Friday showed the Government received around 74,400 pension credit claims in the eight weeks since 29 July, when Chancellor Rachel Reeves announced means testing for the winter fuel payment.
This is up from 29,500 claims in the eight weeks before the announcement.
But in the seven days beginning on 16 September, the department received 11,800 claims, down from 13,400 the week before.
The vast majority (92 per cent) of claims made in the week beginning 16 September were made online.
Work and Pensions Secretary Liz Kendall has previously urged pensioners to check if they are eligible for the benefit, which would unlock winter fuel payments of up to £300.
Who will be the next leader of the Conservatives?
Boris Johnson has spoken of the moment he handed over Prime Ministerial responsibility to Dominic Raab
Boris Johnson has written of the moment he handed before he went to the ICU suffering with Covid-19.
Writing in Unleashed, serialised in Mail + he said: “With the oximeter on my finger, we could see that my oxygen levels started slowly to creep up again, and I began to feel sleepy. Before I folded, there was one thing I had to do.
“I rang Dominic Raab. ‘First Secretary of State,’ I said.
“‘PM,’ he said. “‘You know I said that you might have to deputise for me,’ I said.
“‘Well, that moment has come.’
“‘No problem, PM,’ he said. ‘Get well soon.’
“He didn’t sound remotely rattled – in fact, he went on to do an outstanding job.”
If Mr Johnson had died, Mr Raab would have taken over as caretaker prime minister while a successor was chosen from a leadership election.
Boris Johnson said he paid the partygate fine because ‘he had a lot on’
Boris Johnson has insisted he didn’t see anything illegal at his Downing Street birthday party writing in his memoir Unleashed, being serialised in Mail +.
Writing about the fallout of the event he said: “I relied upon Sue Gray, who (though I did not know this) had already been approached to be the chief of staff to Ed Miliband, former Labour leader, and who was to go on to be the chief of staff to Keir Starmer, my number one political foe.
“Some of the allegations in her report – vomiting, fights and so on – turned out to be untrue, and had to be withdrawn.
“As for all the other fines that were issued – more than 120 fixed penalty notices – the answer is of course that I don’t know. I wasn’t there, or didn’t see anything that looked illegal. If the fines were like mine, they must have been a bit puzzling.
“But what could I do? I paid the fine and got on with the job. I had a lot on.”
ICYMI: What was announced in Starmer’s Labour conference speech?
Actress Dame Maggie Smith, known for the Harry Potter films and Downton Abbey, has died at the age of 89, her family has said.
She won two Oscars and eight Baftas.
She was a legend of the British stage and screen.
A statement from her sons Toby Stephens and Chris Larkin said: “It is with great sadness we have to announce the death of Dame Maggie Smith.
“She passed away peacefully in hospital early this morning, Friday 27th September.
“An intensely private person, she was with friends and family at the end. She leaves two sons and five loving grandchildren who are devastated by the loss of their extraordinary mother and grandmother.”
They thanked “the wonderful staff at the Chelsea and Westminster Hospital for their care and unstinting kindness during her final days”.
They added: “We thank you for all your kind messages and support and ask that you respect our privacy at this time.”
What to Watch
Amazon prime - TV & Netflix
What to Watch
Love Sports
- Readers Digest
What to Watch
Amazon prime - TV & Netflix
What to Watch
Love Sports
- Readers Digest
Subscribe to Updates
Get the latest creative news from FooBar about art, design and business.

