1 hour ago Home secretary rejects Zarah Sultana’s claim Labour failing to improve lives – UK politics live

Sultana announced on Thursday she was quitting Labour to join Jeremy Corbyn’s Independent AllianceMy colleague Lauren Almeida, who is running the Guardian’s business live blog, has shared the following:Rachel Reeves has not given herself enough fiscal headroom to manage public finances, Charlie Bean, the former deputy of the Bank of England has said, and has to “neurotically fine tune taxes”.About £10bn – that’s a very small number in the context of overall public spending. Government spending is about one and a quarter trillion so £10bn is a small number and it is a small number in the context of typical forecasting errors.You can’t forecast the future perfectly both because you can’t forecast the economy and you can’t forecast all the elements of public finances . The forecasts are imprecise and there is no way you can avoid that. That is a fact of life.In light of reports of atrocities committed by the Israeli government in Gaza and reports of the UK’s collaboration with Israeli ...

Society

5 h. ago Can Starmer and Reeves hold the Labour Party together? Ask John Rentoul anything

The Independent’s chief political commentator, John Rentoul, is here to answer your questions as Labour grapples with a welfare reform crisis, mounting pressure on Keir Starmer’s leadership, and growing doubts over Rachel Reeves’s position

Society

6 h. ago Keir Starmer says he understands what ‘anchors’ Donald Trump

The Prime Minister said it was ‘in the national interest’ for him to have a connection with the US president.

Politics

7 h. ago One year of Labour: City's patience fades as bond market signals damning verdict

Keir Starmer and Rachel Reeves launched a City charm offensive in the wake of their victory, hoping to persuade businesses and investors to back their economic strategy.

Politics

8 h. ago Who’s really to blame for Labour’s troubles – Rachel Reeves or the invisible PM? | Gaby Hinsliff

The Treasury focuses on numbers when what’s needed is vision. The party and the country are crying out for leadership, but it’s nowhere to be seenShe is not the first chancellor to cry in public, and may not be the last. But Rachel Reeves is the first whose tears have moved markets. No sooner had the realisation dawned that she was silently weeping – over a personal sorrow she won’t be pushed into revealing, she insisted later, not a political one – as she sat beside Keir Starmer at Wednesday’s prime minister’s questions, than the pound was dropping and the cost of borrowing rising. The bond traders who forced out Liz Truss’s hapless chancellor still clearly rate her judgment and want her to stay, even if (perhaps especially if) some Labour MPs don’t. Yet it is an extraordinary thing to live with the knowledge that a moment’s uncontrolled emotion can drive up the cost of a nation’s mortgages, just as a misjudged stroke of the budget pen can destroy lives.The most striking thing abou...

Events

17 h. ago Rachel Reeves gets a 1 out of 10 for first year in office, says top entrepreneur

Rachel Reeves will mark her first year in office as Chancellor on Saturday

Politics

18 h. ago QUENTIN LETTS: Rachel Reeves resembled a sad, startled owlet. Heaven knows how this can be sustained...

All hail the embalmer's art. Labour spinners, in emergency reconstruction mode, paraded a remodelled Rachel Reeves at a London health-centre event.

Politics

20 h. ago Government still reforming ‘utterly broken’ welfare system – Murray

The Scottish Secretary said the Government is still on a ‘journey’ of welfare reform.

Politics

20 h. ago Rachel Reeves insists she’s ‘cracking on with the job’ as she hugs Starmer after Commons tears

The prime minister and chancellor shared a hug as they moved to calm the markets after a tumultuous week which saw tears in the Commons during PMQs

Politics

20 h. ago RICHARD LITTLEJOHN: Everyone is talking about Rachel Reeves and her tears... but we're all missing the REAL story on the outrageous scam that shames Britain

You're lucky to have me today. I had planned to take my new, taxpayer-subsidised Audi A8 long wheelbase job out for a spin.

Events

21 h. ago What is true on Rachel Reeves's CV as chancellor accused of changing length of time she was at Bank of England

The Chancellor of the Exchequer has been embroiled in a scandal over the editing of her LinkedIn

Politics

21 h. ago Rachel Reeves' first year: Cataclysmic levels of debt, questionable decisions and ominous warnings from the bond market

City confidence in her is rock bottom — and Rachel Reeves’s high wire act is just one misstep away from a full blown financial crisis, says Jonathan Prynn

Events

22 h. ago From Vladimir Putin to Rachel Reeves, which politicians have publicly cried?

Rachel Reeves, the first female chancellor in British history, appeared to cry in Commons on Tuesday night - which others

Politics

22 h. ago Chancellor Rachel Reeves' family life, husband with top government job and famous sister

After Keir Starmer came to Rachel Reeves' defence after a difficult PMQs, we take a look at the Chancellor's life away from politics - including her famous family member

Politics

22 h. ago Voices: For crying out loud: are you ready for the ‘politics of pain’ about to hit us?

I once accused the PM and his chancellor of being too gloomy, writes John Rentoul. Turns out they were not gloomy enough – and they’ll have to lead the nation through another vale of tears

Politics

22 h. ago In Pictures: Tearful politicians showing their sensitive side

Rachel Reeves became tearful during PMQs on Wednesday, but she’s far from the first politician to cry over the years.

Politics

22 h. ago Business news live: Pound and bonds recovering after Reeves gets backing, NS&I issue new Junior ISA rate

Stock markets updates and business news from Thursday

Politics

22 h. ago Rachel Reeves talks about 'tough day' as she speaks about her tears in the Commons

The Chancellor has addressed the issue which sparked a large amount of speculation on Wednesday, July 2

Politics

23 h. ago Voices: The markets have spoken – and it is they, not the prime minister, that saved Rachel Reeves

In its response to the chancellor’s possible resignation, in the face of market jitters, the City has made it clear that she is Labour’s only candidate for No 11, says James Moore – and any attempt to replace her could prove very expensive for the country

Politics

23 h. ago New NHS plan shows ‘future already looks better’ under Labour – Starmer

Patients will be given more control of their health via the NHS app, while there will be less reliance on hospitals, the plan says.

Politics