CEO of Barclays tells reporters: ‘I deeply respect the responsibility that the chancellor has and he has our full support and backing’

The Office for National Statistics has also published a report on the gender pay gap. It says:

The gender pay gap for full-time employees has continued to decline in the UK. It was 6.8% in April 2026, down from 7.2% in April 2025. This compares with 9.4% a decade ago and 16.4% 25 years ago.

Secondly, I asked Healey whether he sees the banks as making excessive profits, which would be the coherent justification for him to increase the surcharge on bank profits – as he is expected to do in the Budget next week.

He said: “You know the banks are the engine of investment in this country. The banks are doing well at the moment and that is good to see.

Zia Yusuf claims undercover investigation broke the law as broadcaster stands by its journalism

Here is an explainer by Jill Ambrose about the Jackdaw decision.

But environmental groups have condemned the decision. Ami McCarthy, head of politics for Greenpeace UK, said:

Approving Jackdaw shows the toxic grip fossil fuel lobbyists still hold over our energy policy. Andy Burnham promised pragmatism [see 8.40am], but there is nothing pragmatic about rubber-stamping a project that won’t lower energy bills, won’t boost energy security and will create just 27 full-time jobs …

True pragmatism means severing our reliance on expensive oil and gas that leaves British households broke, supercharges extreme weather, and leaves our energy security at the mercy of petrostates.

Is the prime minister living in a parallel universe? One where we haven’t just endured our hottest summer on record, with droughts, wildfires and, in all likelihood, the most heat-related deaths on record? And where the UN hasn’t warned that we’re on the brink of breaching the all-important 1.5 degree warming limit?

Shell will be cheering this decision but it won’t knock a penny off our energy bills, which is what’s keeping people up at night, or make a meaningful difference to our gas supply.

Jackdaw will provide around just 2% of our gas demand for roughly ten years. It has been oversold and won’t stop the decline in North Sea jobs, as it will be largely unmanned and operated remotely.

Andy Haldane writes that Conservative economic plans would be best for growth ahead of Healey budget

Badenoch says Britain needs tax cuts.

We need to get out of the way of job creators who make our country richer. We need to encourage risk taking, wealth creation, enterprise.

Britain’s tax burden has never been higher. You are taxed on the heating in your home. You’re taxed at the petrol pump filling up your car. You’re taxed when you insure that car. You’re taxed if you take the family away on holiday. You’re taxed if you stay in the UK thanks to Andy Burnham’s tourist tax. You’re taxed to buy a home, taxed to live in a home, taxed to pass on your home. This is clearly not working. Britain does not feel better off.

Andy Burnham wrote in The Times yesterday about the moral outrage of the current benefit system. But as far as I could work out, his answer is to spend even more on benefits.

Downing Street delivered a rare rebuke to a senior member of Donald Trump’s administration

Asked why the Lib Dems were opposed to a third runway at Heathrow when they professed to be in favour of growth, Cooper said she did not accept that a third runway would produce all the benefits its supporters claimed.

She explained:

On Heathrow, it is clear from looking at all of the economic analysis of airport growth over the last few years that many of the promises made by all sorts of different airport companies simply haven’t come to bear.

The promise of higher wage jobs hasn’t been substantiated. Often it’s lower paid jobs, and often not as many as they’ve claimed.

He argued there was no evidence to suggest the result of the Brexit vote had been swayed as a result of the effort

• Andy Burnham promises ‘serious dialogue’ over UK’s relationship with EU

Zia Yusuf, Reform UK’s home affairs spokesperson, has said he does not agree with his colleague Suella Braverman’s assertion that black people cannot be English.

Asked about her views in an interview on Sky News, Yusuf said:

In my view Ashley Cole is the best English fullback in history, and I won’t take any other position. So in my view, Ashley Cole is English. I think the argument that he’s not English doesn’t hold water with me.

Nasser Hussain, who I grew up watching when I went to the cricket, the idea that those people aren’t English is an alien concept to me.

I would respectfully disagree with people, who make the opposite argument.

To say I’m English is to take a ‘laissez-faire, anything-goes’ attitude to ethnicity, citizenship and identity. It also denies me my Asian heritage. The liberals (many of them in today’s Conservative party) take this cosmopolitan approach to Englishness. They’re terrified of being called racist so they say that anyone, as long as they’re born here, can be English.

I take the conservative approach. Englishness is an ethnicity. There have been English people for centuries and we need to recognise this more if we are to start taking a more muscular approach to citizenship and nationality. And no, it’s not racist to say this.

The prime minister tells MPs the next summit with the EU will be held on 20 November

Burnham to urge MPs to embrace closer ties with EU

Zia Yusuf, Reform UK’s home affairs spokesperson, is speaking now. He started his speech with an account of a 73-year-old woman dying in North Wales after having to wait 23 hours for an ambulance, and he sought to link this to immigration.

He said:

The Royal College of Emergency Medicine estimates that 15,000 people across Britain died last year due to excess wait times for emergency treatment. That’s 300 people a week, 300 lives destroyed, 300 families devastated.

And that number has increased tenfold over the last decade. This is a moral outrage, and it is a direct result of decisions made by Tory and Labour governments.

I don’t think that’s because he wants to have a fight over the European Union. I think that’s because he knows what we’re talking about today impacts hard in what is known as the red wall.