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.

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© Photograph: Phil Lewis/SOPA Images/Shutterstock

© Photograph: Phil Lewis/SOPA Images/Shutterstock

© Photograph: Phil Lewis/SOPA Images/Shutterstock

France and Germany have teamed up to press the EU to relax its looming combustion car ban. It’s the latest sign the EU's climate agenda is running on empty, says Ben Pile – and the UK isn't far behind.

The post The EU’s Climate Agenda is Running on Empty – and the UK isn’t Far Behind appeared first on The Daily Sceptic.

Andy Burnham advertises for policy experts in technology, economic growth and cost-of-living challenges

Andy Burnham is to recruit a number of advisers to plug gaps in No 10, including an expert on how AI will affect society.

The roles advertised by Downing Street give a glimpse into the biggest challenges facing the prime minister – and what he has decided to prioritise.

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© Photograph: Zeynep Demir/Anadolu/Getty Images

© Photograph: Zeynep Demir/Anadolu/Getty Images

© Photograph: Zeynep Demir/Anadolu/Getty Images

Some in UK’s security services questioned why Welsh Labour firebrand was of interest

Aneurin “Nye” Bevan, the Welsh Labour firebrand who spearheaded the creation of the NHS, was monitored by security services for more than two decades, though his personal file was “remarkably tame”, according to official files released to the public.

Bevan came to MI5’s attention in the 1930s over concerns about his links with known communists, papers released to the National Archives show. Monitoring continued even after he became a minister in the postwar Labour government that created the NHS.

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© Photograph: PA

© Photograph: PA

© Photograph: PA

Kemi Badenoch has said a "red warning light" is flashing on the economy as Britain's debt tops £3 trillion for the first time and inflation surges to 3.5% ahead of the Budget next week.

The post Badenoch Warns of “Red Warning Light” on Economy as UK Debt Tops £3 Trillion and Inflation Surges to 3.5% Ahead of Budget appeared first on The Daily Sceptic.

Exclusive: Officials say Miatta Fahnbulleh minded not to give approval in victory for climate campaigners

Miatta Fahnbulleh is minded to reject the giant Rosebank oilfield, sources have told the Guardian, in what would be a blow for the North Sea energy industry and a major victory for climate campaigners.

After approving the smaller Jackdaw gasfield on Wednesday, officials say the energy secretary is leaning towards refusing approval for what would be one of the biggest oilfields in the North Sea.

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© Photograph: Paul Reid/PA

© Photograph: Paul Reid/PA

© Photograph: Paul Reid/PA

No 10 declines to rule out watering down plans to extend waiting period for indefinite leave to remain as cabinet split widens

Shabana Mahmood has been urged to “read the room” on Labour opposition to her immigration policy, as No 10 declined to rule out watering down her plans to make foreign workers wait 15 years to get permanent residency.

Mahmood, the home secretary, is consulting on plans to increase the period before foreign workers can claim indefinite leave to remain from five to 15 years, backdated to apply to anyone arriving from 2021 onwards.

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© Photograph: Wiktor Szymanowicz/Future Publishing/Getty Images

© Photograph: Wiktor Szymanowicz/Future Publishing/Getty Images

© Photograph: Wiktor Szymanowicz/Future Publishing/Getty Images

Labour has finally approved new drilling for gas in the North Sea, despite the project already receiving the go ahead over two years ago under the Tories, after energy prices hit a four-year high.

The post Labour Finally Approves New North Sea Drilling appeared first on The Daily Sceptic.

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.

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© Photograph: Guy Corbishley/Alamy Stock Photo/Alamy Live News.

© Photograph: Guy Corbishley/Alamy Stock Photo/Alamy Live News.

© Photograph: Guy Corbishley/Alamy Stock Photo/Alamy Live News.

Decision was widely expected after lobbying by Shell but will dismay environmental campaigners

• What does the UK’s approval of the Jackdaw gasfield mean?

• UK politics live – latest updates

• Business live – latest updates

The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs.

While Labour’s 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences.

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© Photograph: Murdo MacLeod/The Guardian

© Photograph: Murdo MacLeod/The Guardian

© Photograph: Murdo MacLeod/The Guardian

Jackdaw gasfield announcement signals UK’s commitment to North Sea industry but undermines green credentials

• What does the approval of the Jackdaw gasfield mean?

The Jackdaw gasfield will be given the go-ahead on Wednesday, signalling Andy Burnham’s commitment to the North Sea fossil fuel industry and threatening to trigger a row with climate campaigners and Labour MPs.

Miatta Fahnbulleh and John Healey, the energy secretary and chancellor respectively, will make the announcement from Aberdeen on Wednesday morning after more than a year of deliberations over whether doing so would violate the UK’s climate commitments.

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© Photograph: Andy Buchanan/AFP/Getty Images

© Photograph: Andy Buchanan/AFP/Getty Images

© Photograph: Andy Buchanan/AFP/Getty Images

Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes ahead

The group of Thames Water creditors pursuing a £10bn rescue deal for Britain’s largest water supplier has lined up a former senior Labour minister to chair the company, as it tries to win over the government.

The creditor consortium, called London & Valley Water, said on Tuesday that Lord John Hutton had been selected as independent chair designate of the Thames Water board, if the consortium’s deal is approved.

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© Photograph: Matt Dunham/AP

© Photograph: Matt Dunham/AP

© Photograph: Matt Dunham/AP

Labour has cut £2 billion from front-line Army equipment as John Healey tries to fill a defence spending black hole in his first Budget.

The post Labour Cuts £2 Billion From Army Front Line appeared first on The Daily Sceptic.

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.

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© Photograph: Anadolu/Getty Images

© Photograph: Anadolu/Getty Images

© Photograph: Anadolu/Getty Images

Cabinet colleagues have previously called for an increase but chancellor feels it might ultimately cost the Treasury

• UK politics live – latest updates

John Healey will not raise capital gains tax in next week’s budget, despite previous calls to do so from cabinet colleagues including Louise Haigh and Wes Streeting.

The chancellor has decided that any increase might ultimately cost the Treasury if wealthy individuals defer the sale of assets or move them out of the country, according to Treasury sources.

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© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

© Photograph: Christopher Thomond/The Guardian

In today’s newsletter: The prime minister’s campaign against noisy passengers has struck a chord with commuters. Whether anyone hears him remains to be seen.

Good morning.

Me again, back from the October school holiday (a week in glorious Wales, thanks for asking) and ready to hear your commuter woes. For our prime minister, it’s “one of the most annoying things on public transport”: maybe you’re trying to work, or read, or you’ve finally got your kid to sleep, when someone starts blasting sound from their phone at full volume.

France | The prime minister has said he has asked regional authorities to impose partial curfews in some cities after the government admitted police had “lost control” in several places during violent weekend protests around the country.

UK politics | Andy Burnham has told officials to rip up their plans for how to fix Thames Water and present him with more radical options for what to do with the stricken company.

Yemen | At least 53 people have been killed in a Houthi ballistic missile attack on a training camp for Yemeni government forces in the largest single loss of life since the country’s civil war reignited in September.

Israel | Israeli police have detained 10 people in a rare raid against settlers, after a weekend of extreme violence in the occupied West Bank including an attack on US photojournalist Heidi Levine.

Reform | Nigel Farage undermined his own claims that a £5m gift was for security when he referred to the money as a reward for Brexit, according to one of his closest aides.

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© Photograph: Daniel Leal/AFP/Getty Images

© Photograph: Daniel Leal/AFP/Getty Images

© Photograph: Daniel Leal/AFP/Getty Images

EU ministers have discussed how to make labour standards compatible with modern technological conditions and workplace culture, such as telework and AI-led staff oversight, without losing competitiveness.

The law in question, called the Quality Jobs Act, covers a wide range of work protection measures, such as common standards for being able to ‘go home’ and disconnect from remote work, and limits to AI role in recruitment or its scrutiny of workers’ performance.

Technological innovation should “benefit both workers and businesses,” said Portuguese labour minister Maria do Rosário Palma Ramalho, addressing the ministers’ council on Monday (19 October) in Luxembourg.

Human oversight is essential, especially where AI systems decide on recruitment or workers’ assessment, she said.

Next to innovation, labour rules needed to ensure “fair and transparent practices, respect for human workers’ rights … and effective social dialog,” said Roxana Mînzatu, the EU commissioner for employment.

“This revolutionary technology has to be regulated” so that it “delivers for all,” Isabelle Schömann, the European Trade Union Confederation (ETUC) deputy general secretary had also said during a conference organised by the centre-left S&D group in the European Parliament on 14 October, commenting on the need for the Quality Jobs Act to curb AI.

The draft Quality Jobs Act that the European Commission plans to present in December aims to update the long out of date 1989 and 1990 health and safety workplace rules.

It would also protect subcontractors and create standards for working in heatwaves, becoming more frequent with climate change.

EU legislators need to ensure minimum standards so that “neither jobs nor businesses are jeopardised” with extreme weather, Yolanda Díaz Pérez, the Spanish labour minister, said ahead of Monday’s debate.

This article continues, but the full version is available only to EUobserver.com subscribers. Visit account.euobserver.com/membership

Energy Secretary Miatta Fahnbulleh has attacked Shabana Mahmood's migrant crackdown, saying making foreign nationals wait threatens "integration", deepening the split within Andy Burnham’s Cabinet about border controls.

The post Energy Secretary Miatta Fahnbulleh Attacks Mahmood’s Migrant Crackdown appeared first on The Daily Sceptic.

Andy Burnham has announced "big changes" to welfare to get one million NEETs back into work – but only once he's "rebuilt the education system". Sounds expensive, says Mary Gilleece. It’s clearly never going to happen.

The post Andy Burnham Will Never Cut Welfare appeared first on The Daily Sceptic.

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.

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© Photograph: Manuel Balce Ceneta/AP

© Photograph: Manuel Balce Ceneta/AP

© Photograph: Manuel Balce Ceneta/AP