Reeves considers breaking manifesto pledge with income tax rise to fill £30bn gap

The Commons is set to inquire about the rent-free housing arrangement for Prince Andrew at Royal Lodge, raising questions about the transparency of such deals. This inquiry is significant as it reflects ongoing scrutiny of royal finances and public accountability, especially in light of recent investments in infrastructure and housing in the UK.

French Prime Minister Sébastien Lecornu has decided to suspend the contentious pension reform to seek greater support from lawmakers. This move is crucial as France faces a tight deadline to pass its budget by the year's end. The suspension reflects the government's strategy to navigate political challenges and ensure fiscal stability, making it a significant moment in French politics.

Steady inflation rates and declining bond yields are providing Chancellor Rachel Reeves with a unique opportunity to implement changes that could break the cycle of economic pessimism. This situation is significant as it may allow for more proactive fiscal policies, potentially leading to improved economic conditions and public confidence.

Chancellor Reeves has hinted that upcoming tax increases in next month's Budget may target wealthy individuals, including lawyers and accountants. This approach aims to address income inequality and ensure that those with greater financial resources contribute more to public services. It's a significant move that could reshape the financial landscape for high earners and spark discussions about fairness in taxation.

UK inflation has surprisingly held steady at 3.8% for the third consecutive month, defying predictions of an increase. This stability is particularly significant as it marks the first slowdown in food price growth since March, providing a glimmer of hope for consumers and the economy. For Chancellor Rachel Reeves, this news is a welcome relief, suggesting that the peak of inflation may have been reached, which could pave the way for earlier interest rate cuts by the Bank of England. This development is crucial as it could ease financial pressures on households and stimulate economic growth.

Rachel Reeves is taking a bold step by criticizing Brexit's impact on the UK economy, particularly targeting leave voters who may have changed their minds and younger voters. This approach comes just before a challenging budget, and while it could be seen as risky given the ongoing divisions over Brexit, analysts believe it could resonate with those feeling the economic strain. By addressing these concerns, Reeves aims to bridge the gap between differing voter sentiments and potentially reshape the political landscape.

Chancellor Rachel Reeves is set to address a significant tax loophole that has allowed overseas retailers like Shein and Temu to import low-value goods into the UK without paying customs duties. This move comes in response to concerns from UK retailers about unfair competition. By closing this loophole in her upcoming budget, Reeves aims to create a more level playing field for local businesses, which is crucial for supporting the UK economy and ensuring fair trade practices.

Recent data shows that inflation rates have risen slower than anticipated in the year leading up to September, bringing a sense of relief to many. This development is significant as it may influence the upcoming Budget, with the chancellor hinting at potential support measures. Understanding how these changes will affect the economy and household finances is crucial, making this a key moment for both policymakers and the public.

A Ukrainian drone strike has targeted a residential building in Krasnogorsk, a suburb of Moscow, resulting in injuries to several individuals, according to local governor Andrey Vorobyov. This incident highlights the ongoing tensions and conflict between Ukraine and Russia, raising concerns about civilian safety and the escalation of hostilities in the region.

In a significant political shift, Plaid Cymru has won the Caerphilly byelection, taking the constituency from Labour and successfully fending off a strong challenge from Reform UK. This victory is crucial as it highlights the growing support for Welsh independence and reflects changing political dynamics in the region. Llŷr Powell, the Reform UK candidate, emphasized that his campaign focused on broader government policies rather than just immigration, showcasing the diverse issues at play in this election.

In a recent address to a conservative think tank, Australia's Climate Change Minister Bowen urged true conservatives to prioritize scientific evidence over ideological beliefs in the push for net zero emissions. This call to action highlights the ongoing debate within political circles about climate policy and the importance of bipartisan support in addressing climate change. Meanwhile, two childcare workers in Sydney have been charged with allegedly assaulting a toddler, raising concerns about child safety in care facilities. These events underscore the need for accountability and responsible governance in both environmental and social issues.

Mahnoor Omer, a 25-year-old activist, has taken a bold step by challenging the high taxes on sanitary pads in Pakistan, which can reach up to 40%. Critics argue that these taxes unfairly penalize women for their natural biological needs. This case is significant as it highlights the broader issue of women's rights and access to essential health products, sparking a much-needed conversation about gender equality in the country.

In a significant escalation of tensions, President Donald Trump has declared the termination of all trade negotiations with Canada, following the release of a controversial ad featuring Ronald Reagan that criticizes US tariffs. Trump accused Canada of 'egregious behavior' intended to sway US court decisions. This move could have serious implications for trade relations between the two countries, affecting industries and economies on both sides of the border.

President Trump has announced the termination of trade negotiations with Canada, citing an advertisement that features Ronald Reagan criticizing tariffs. This move highlights the ongoing tensions between the U.S. and Canada regarding trade policies, and it raises concerns about the future of economic relations between the two countries.