24 h. ago Keir Starmer says buses 'shouldn't cost the earth' in new £3 cap message

The Prime Minister has issued a fresh message on public transport costs this morning

Economics

28 h. ago What will be the cost of Keir Starmer’s new medicines deal with Donald Trump? British lives | Aditya Chakrabortty

More than £3bn that could have been used for UK patients will go to big pharma for its branded products – money for care siphoned off for profitOf Arthur Scargill it was said that he began each day with two newspapers. The miners’ leader read the Morning Star of course, but only after consulting the Financial Times. Why did a class warrior from Yorkshire accord such importance to the house journal of pinstriped Londoners? Before imbibing views, he told a journalist, he wanted “to get the facts”.In that spirit, let us parse a deal just struck by the governments of Donald Trump and Keir Starmer. You may not have heard much about this agreement on medicine, but it is huge in both financial and political significance – and Downing Street could not be more proud. A “world-beating deal,” boasts the science minister, Patrick Vallance. It “paves the way for the UK to become a global hub for life sciences,” claims the business secretary, Peter Kyle, with the government press release adding: ...

Economics

1 week ago The most misleading thing about Rachel Reeves’s budget? Who it was really for | Aditya Chakrabortty

Labour backbenchers have been cheering it as a win for the most vulnerable in socety. In fact it was aimed at the bond marketsThe charge is a grave one: that Rachel Reeves has just lied to Britons, spooking them into paying billions in extra taxes that she can splash out on higher benefits. However hyperbolic, this isn’t the usual Westminster sparring; this time, someone might get hurt. A week ago, critics of Reeves and Keir Starmer were, rightly, calling their budget “chaotic”. Today, it’s denounced as lies, and Kemi Badenoch is demanding the chancellor quit. It’s an accusation that demands straightforward answers, so let me give mine. Did the chancellor tell lies? On the available evidence, no. There were no whoppers, no falsehoods, no porkies. But despite Starmer’s comments yesterday, that doesn’t mean there’s nothing to see here and we can all move along. Reeves did mislead the public about the factors shaping her decisions. Was it all to funnel cash to “benefits street”, as the...

Politics

1 week ago Brits face paying £3bn MORE for medicines in deal to escape Donald Trump's tariffs on pharmaceutical exports

Under the terms of the agreement, the UK will get a preferential tariff rate of 0 per cent for all medicines exported to the US for at least three years.

Economics

3 w. ago What does the left want? A wealth tax. What will that accomplish? Very little | Aditya Chakrabortty

Imposing a 1% levy on the super-rich isn’t a policy, it’s pantomime. Tackling inequality in Britain will require much more far-reaching changesBy this time next week you will be digesting the budget, you lucky thing. Yet even before Rachel Reeves has commended a single damn thing to the house, her efforts have been written off as a “shambles”, from a “chaotic” government that is Labour in name alone. Which begs the question: what is the leftwing alternative?Because there is one, on which agreement stretches from Labour backbenchers to many of their opponent MPs and far beyond. Whether you listen to Zack Polanski or Zarah Sultana, the TUC or the YouTubers, they all call for a wealth tax – stinging the rich to pay for schools and hospitals. Who could be against such a thing?Aditya Chakrabortty is a Guardian columnist Continue reading...

Economics

3 w. ago Sir Keir Starmer Personal tax thresholds £12,570 HMRC update as fears of change 'next week'

Prime Minister was asked about a potential freeze for another two years

Economics

4 w. ago The real Reform voters have been revealed – it’s a slapdash coalition Farage will struggle to hold together | Aditya Chakrabortty

This is no single bloc marching under one ideology, or even a mass of ‘red-wall’ voters. What unites them is a desire for something differentWho are Nigel Farage’s army, the voters who want him as our next prime minister? Few questions are as important in British politics. Were an election called tomorrow, the favourite for No 10 would be Farage, whose immigration policies are in some ways more extreme than those of the BNP were. His party’s role model for government would be Donald Trump’s US: Elon Musk-style cuts to our public services and masked agents snatching families off the streets.A few months ago, many in Westminster and across the country would have considered this a cautionary nightmare, a catastrophe that would unfold if Keir Starmer failed. But in the week of another red-on-red assault and after 150 opinion polls in a row topped by Farage’s Reform UK, it’s no longer a scare story. It’s the most likely prospect. Continue reading...

Politics