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The Latest Breaking News from IPPR

Bank of England urged to slow bond-selling plan to help cut record UK borrowing costs

Ex-MPC members say ‘quantitative tightening’ should be scaled back or halted entirely, saving the Treasury up to £10bn a year

The Guardian - UK

What's The Bank Windfall Tax: UK Major Banks' Shares Tumble Following Calls to Tax Bank Profits

UK bank shares fell after IPPR proposed a 'QE reserves income levy' that could raise about £8bn a year by taxing windfalls from Bank of England reserves, reviving a Thatcher-era idea and sparking warnings from lenders about growth and competitiveness.

International Business Times UK

UK bank shares tumble as sector fears new tax

British banks Barclays, Lloyds and NatWest saw their share price fall following news that the UK government could implement new taxes on the sector to fill a sizeable gap in the budget.

Euronews

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UK bank shares tumble after call for windfall tax on lenders in budget

Investor jitters follow report by IPPR and lead to more than £6bn being wiped off the sector’s market value

The Guardian - UK

UK bank shares fall as fears raised in City over budget tax raid

City traders were reacting to a report from the IPPR which said Rachel Reeves should impose a new bank tax.

Evening Standard

Police warn protesters not to travel to Epping after asylum hotel ruling – as it happened

Home Office and Bell hotel owner challenged injunction granted to council that would have stopped dozens of asylum seekers being housed there

The Guardian - UK

Windfall tax on banks could recoup QE losses and raise £8bn a year, IPPR says

Hiking a levy on the profits of major firms could raise up to £8 billion a year for public services, the IPPR said.

The Independent UK

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Windfall tax on banks could raise £8bn a year, Rachel Reeves told as she seeks to plug Budget black hole

This money is then partly being funnelled to bank shareholders due to a ‘flawed’ policy design, a new report says

The Independent UK

Treasury should tax big banks on quantitative easing windfalls, argues thinktank

IPPR says Rachel Reeves should also urge Bank to halt bond sales to reduce government losses of £22bn a year

The Guardian - UK

UK’s richest set to produce 13 times more transport emissions than poorest by 2035

Thinktank predicts wider inequality gap and calls for revised policies to tackle flying and excess private car use

The Guardian - UK

UK hasn’t seen poverty like this for 60 years, says Gordon Brown in call to scrap two-child benefit cap

The former prime minister backed reforms to gambling taxes in order to generate the £3.2bn needed to scrap the cap

The Independent UK

Tax gambling industry more to lift 500,000 children out of poverty, government urged

The gambling industry should pay a ‘fairer share,’ former PM Gordon Brown said

The Independent UK

Gordon Brown backs gambling tax reform to tackle child poverty

The IPPR said it feels ‘fair’ to ask the ‘highly profitable’ industry to contribute more.

Evening Standard

OPINION - Only one thing can heal this country after the riots: community spaces

Around late 2012 or early 2013, just as the impact of austerity was truly starting to be felt, social media platforms reached a symbolic milestone. At that point, half of UK adults had become active social media users.

Evening Standard

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The Independent UK

How ‘Amazon tax’ could save your local pub and community

IN FULL

The Guardian - UK

With Cleverly centre stage, the Tories have a new look – but that isn’t the same as a plan

Does Kemi Badenoch’s reshuffle mean the Reform-lite strategy is over? I don’t know and I’m not sure she does either, says Guardian columnist Martin Kettle

The Independent UK

Voices: Starmer’s authority isn’t the only thing badly dented by his benefits climbdown

INSIDE WESTMINSTER: For Labour backbenchers, the welfare rebellion was a triumph: with the growing possibility of this being a one-term government, and with little prospect of ministerial advancement, MPs have concluded they have nothing to lose by standing up for what they believe in, says Andrew Grice

The Independent UK

Calls to give 65-year-olds automatic Japanese-style health checks

Japan has half the number of people in care homes as the UK, despite a much older population

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The Independent UK

Adult social care reforms could see health MOTs for 65-year-olds

The state of adult social care in England is under review by the Casey Commission, which aims to set out a plan for how to implement a national care service

The Independent UK

North missed £140bn of transport investment during last government – research

Independent analysis by think tank the Institute for Public Policy Research looked at Treasury figures between 2009/10 and 2022/23.

The Guardian - UK

Labour MPs poised to rebel over planning bill amid concerns for nature

Ministers understood to be drawing up amendments to bill to try to head off threatened rebellion by two dozen MPs

Evening Standard

‘Young people and black workers at highest risk of workplace surveillance’

The Institute for Public Policy Research said there is an urgent need for legal reform so workers can have a say over how they are monitored.

The Independent UK

Labour ‘should not aim to copy right-wing populism but offer new solutions’

“When parties don’t have new ideas, they reach back for old ones, or imitate others,” a new report says

Evening Standard

Labour ‘should not aim to copy right-wing populism but offer alternatives’

The IPPR also said Labour cannot rely on rehashing the ideas of ‘yesterday’s men’ to maintain public trust.

The Guardian - UK

Poor mental health as child limits capacity to work in later life, study finds

Children in Great Britain with serious conditions 68% more likely to have limited ability to work as adults, report says

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