Rachel Reeves is right to wait
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The chancellor came to the Commons to reassure the nation as the world stands on the brink of an economic crisis induced by the war in the Middle East. She was right to make a statement even if, as David Maddox reports, she didn't say anything. And she was right to wait to see how bad things get – as Sean O'Grady writes, Donald Trump's chaotic negotiating could end the war at any time. But she was wrong to adopt such a partisan tone, as Jeremy Hunt, her predecessor, pointed out. She criticised Kemi Badenoch and Nigel Farage for backing the initial American-Israeli strikes on Iran, and she had a go at Liz Truss for handing out support to everyone, including "the wealthiest of households" during the last oil price rise. She is right to hold the line on targeted support for those most in need, for the moment, even if it was hypocritical, because Keir Starmer at the time criticised the Conservative government for being too slow with universal help for households. |
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Who came second when James Callaghan was elected Labour leader in 1976? |
Answer at the bottom of today's email |
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| Liam Byrne, chair of the Business and Trade Committee, said MPs had been given evidence that people are 'just not getting their post' |
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| Business secretary Peter Kyle dismissed calls from Labour figures including Sadiq Khan that the party should campaign to rejoin the EU |
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| Some British politicians are turning influence into income, blurring the line between public service and private gain, writes Cleo Watson |
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What else you need to know today |
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- Sean O'Grady: Donald Trump's dodgy dealmakers may end this war faster than anyone expects
- Sam Kiley: Trump wants out of this war, Israel doesn't. This is a win for Iran
- I wrote that Angela Rayner's call for Labour to "pick more fights" is bad advice for the government and for her leadership campaign
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Mystery of pop-up 'terror group' who claimed responsibility for Golders Green ambulance attack |
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A group called Harakat Ashab al-Yamin al-Islamiya claims to have carried out the attack, in which four ambulances were torched. Holly Bancroft reports... Read more |
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Latest news headlines from Bulletin: |
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This is not a war that we started, nor is it a war that we joined – notwithstanding the advice of the opposition parties – but it is a war that will have an impact on our country |
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Rachel Reeves, chancellor of the Exchequer |
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Quiz answer: Michael Foot, followed by Roy Jenkins, Tony Benn, Denis Healey and Anthony Crosland |
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