12 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

2 w. ago Ministers set out plans to spend £725bn on UK infrastructure over 10 years

Government strategy includes spending £9bn a year on fixing schools, hospitals, courts and prisonsMinisters have pledged to spend £9bn a year on fixing crumbling schools, hospitals, courts and prisons over the next decade as part of the government’s infrastructure strategy.Darren Jones, the chief secretary to the Treasury, set out plans on Thursday to spend a minimum of £725bn over 10 years to boost UK-wide infrastructure and achieve a “national renewal”. Continue reading...

Politics

3 w. ago There may be trouble ahead, but Labour should stick to the plan for national renewal

Editorial: With the Brexit reset, new trade deals and planning reforms, the chancellor’s spending review could result in a stronger economy with a better long-term growth rate. But it will take time

Events

3 w. ago Labour promised people we would rebuild Britain – and that’s what we’re doing | Keir Starmer

This week’s spending review marks a new stage in the mission of national renewal, built on the foundations laid last yearKeir Starmer is the prime minister of the United KingdomThe mandate we received from the British people could not have been clearer. First, we had to stop the chaos and return Britain to economic stability. Second, we had to turn the page on Tory decline with clear Labour choices. Third, we were instructed to rebuild our country.Wednesday’s spending review turbocharged that rebuilding. It is an investment in Britain’s renewal, so working people have more money in their pocket, more pride in their community and more hope for their children’s future. It’s what people voted for. An NHS cutting waiting lists, with care closer to the community. Wealth and opportunity no longer hoarded by only a few towns and cities. Continue reading...

Politics

4 w. ago Keir Starmer's muddled politics are reaching their limit. It's time for him to make a choice | Andy Beckett

Veer left or double down on the right? Either way, the prime minister needs to commit and sell it to an impatient electorateAfter less than a year in power, Labour has reached a familiar place. Keir Starmer’s troubled government is at a fork in the road, wondering which direction to follow. With the delivery of its spending review next week after several acrimonious delays, and a Commons vote on its divisive welfare cuts expected later this month, the government’s unity and morale are fragile. The public finances are severely strained, with ever more competing demands, such as for extra defence spending. Though much more energetic than its Tory predecessor, this government often seems opaque, unable to explain its purpose in a compelling way.Many voters and journalists – even more impatient than usual after years of manic politics – are already considering what might replace Starmer’s administration. At barely 20% in the polls, Labour is as unpopular as in its most disliked days und...

Politics

4 w. ago Valtteri Bottas on Cadillac F1 talks and his 'plan B' which would involve shock switch

He returned to Mercedes after losing his Formula 1 race seat but Valtteri Bottas doesn't plan to stick around for long, eyeing a 2026 seat elsewhere – or possibly an F1 exit altogether

Events