UK Prime minister Theresa May unveiled the Conservative manifesto on Thursday morning, ahead of the general election next month. The Tories have a commanding lead over Labour in the opinion polls with three weeks to go.
- Promise to freeze income tax, national insurance and VAT rates scrapped
- Pensions triple lock to go
- Planned cap on limit people have to spend on social care to go
- Brexit: Britain will leave the EU single market and customs union
- Restatement to bring net immigration down to tens of thousands
- Budget deficit to be eliminated by “middle” of 2020s
- Share buybacks to be reviewed to ensure they don’t inflate executive pay
- New rules on takeovers with greater scrutiny of foreign investments in telecoms, defence and energy
Eleven years ago Geoffrey Wheatcroft buried the Conservative party.
His book “The Strange Death of Tory England” marked the party’s nadir – but it was out of date shortly after it came off the presses. Just months later the Conservatives elected David Cameron. The rest is history. Read more
I’ve spent some time looking into the business background of Britain’s new chancellor, Philip Hammond. It tells us a lot about his approach to politics. Here’s what I think the public, the City, and the rest of government can expect from the new broom at 11 Downing Street. Read more
David Cameron is facing MPs for the first time since securing a package of reforms in Brussels to present his case for the UK remaining in the European Union. The prime minister’s appearance in the House of Commons follows a tumultuous weekend after his return from talks with European leaders on Friday, which has seen six of his cabinet ministers and Boris Johnson, the London mayor, back the “out” campaign.
Cameron presents what he calls a “new settlement” for Britain after almost two days of talks in Brussels
The reforms cover migration, protections for the City of London and an exemption for Britain from “ever closer union”
A quarter of the cabinet is at odds with the PM over Europe, including his close friend Michael Gove, the justice secretary.
The Conservatives are facing a damaging split with as many as 150 MPs, almost half the parliamentary party, expected to back Brexit
The opposition Labour Party is backing the campaign to remain in the EU, along with business leaders and trade unions
By Mark Odell and Jim Pickard
UK Chancellor George Osborne has delivered his Autumn statement to the House of Commons.
Tax credits: Controversial changes ditched altogether. Extra borrowing will make up the shortfall in the first few years of the parliament
Housing: Stamp duty increased 3% for buy-to-let and second home buyers; 400,000 new affordable homes in England by 2020; new Help to Buy scheme just for London
Police: no cuts to budget
New tax to pay for social care, to be levied by local authorities as a 2% council tax precept
Departmental spending cuts: Transport -37%, Business -17%, Defra -15%, Energy -22%, Culture, Media and Sport -22% (but free museum entry will stay)
Budget surplus: target of £10bn by 2020 maintained
Local governments will be allowed to keep all cash generated from asset sales
Apprenticeship levy set at 0.5% of payroll, with £15,000 allowance to exempt small businesses
OBR forecasts: UK growth outlook remains broadly unchanged from July
Small business rate relief extended for 12 months to April 2017
Science funding protected in real terms for rest of Parliament
By Ferdinando Giugliano, Jonathan Eley and Mark Odell
Welcome to our live election coverage, bringing you the latest reaction to the Tories winning an unexpected majority – taking 331 of the 650 seats in the House of Commons.
Labour’s Ed Miliband, the Liberal Democrats’ Nick Clegg and the UK Independence party’s Nigel Farage have all resigned as leaders of their respective parties. Clegg, deputy PM for the last five years, hung on to his seat but his party lost all but eight of its MPs. Farage failed to win the seat he was contesting.
The Scottish National party also had a triumphant night, trouncing Labour north of the border. (Photo FT/Charlie Bibby)
Mr Cameron made four Cabinet announcements, reappointing George Osborne chancellor of the exchequer – and promoting him to first secretary of state; Theresa May home secretary; Philip Hammond foreign secretary and Michael Fallon defence secretary. The rest of the Cabinet is expected on Monday.
A summary of today’s events
Polling day. Follow our live coverage of the results from 9pm here.
Welcome to the FT’s Live Q and A on the general election. With the polls too close to call and leaders going to unusual lengths to push the vote in their direction, deputy political editor Elizabeth Rigby takes your questions.
Ask away in the comment box to the right. We will start the live Q and A on Wednesday at 12.30 London time.
In the last of four televised events, the leaders of the three main political parties are appearing in a special edition of Question Time on BBC1, just a week ahead of what the polls say will be the closest fought election in modern times.
Each will separately face 30 minutes of questions from a studio audience starting with Conservative prime minister David Cameron, followed by Labour leader Ed Miliband and rounded off by Nick Clegg, the Liberal Democrat deputy prime minister.
By George Parker and Kiran Stacey
This UK election was meant to be about the economy, where the government enjoys a hefty lead over its opponents. All it needs in the last 10 days is for the voters to turn their attention towards jobs and growth and government should be returned.
That, at least, was the plan – and today’s GDP figures ought not to overturn it. Growth of just 0.3 per cent compared to the 0.6 per cent expected is inconvenient for the spin doctors, but hardly heralds a return to recession. Moreover, it is normal for these preliminary figures to be badly out of whack. Many still remember the third quarter of 2009, when the ONS announced continued recession, and Goldman Sachs’ response was “Unbelievable. Literally”. Within a few years, this quarter of supposed stagnation was revised towards growth. Read more
I highly recommend this post by Carl Gardner, a barrister and former government lawyer, about the legal basis for what happens when there is a hung parliament.
In it, Gardner makes a critical point: Read more
UK voters will elect a new parliament in a general election on May 7. Our poll-of-polls tracks all national-level voting intention polling figures going back to the 2010 election – the dots on our chart – and then calculates a rolling score for each party adjusted for recency and different pollsters. Read more
The pre-election poster battle intensified on Tuesday as Labour launched a new image parodying Saatchi & Saatchi’s famous 1979 dole queue montage for Margaret Thatcher, a key moment in the history of visual campaigning. Read more
Leaders of seven of the parties standing in next month’s UK general election are appearing in a one-off TV debate on Thursday night.
This is the only occasion that Conservative prime minister David Cameron will appear on a podium at the same time as any of the others, including his main rival for Number 10 Downing Street, Labour leader Ed Miliband. But in what is predicted to be the closest election in modern times there is as much interest in the smaller parties who could hold the balance of power.
By Mark Odell and Jim Pickard
This week’s data are a timely reminder that with less than seven weeks to go until polling day and Labour and the Tories neck and neck when recently published polls are averaged, the relationship between poll leads and who might become prime minister is not straightforward. Read more
On Wednesday, December 3, the chancellor will deliver the final Autumn Statement before the 2015 general election.
There will be extensive coverage of the chancellor’s speech live on ft.com. And from 3pm on December 3, a panel of personal finance experts will be on hand to answer your questions about its contents. Submit your questions in the live reader comments field or email the Money team at email@example.com at any time up to and during the live Q&A. We will choose a selection for our panel to answer.
On the panel are:
The discussion will be moderated by James Pickford, FT Money deputy editor, and Jonathan Eley, FT Money editor
UKIP candidate Douglas Carswell won 21,113 votes, or 59.7% of the total, in Thursday’s by-election. This was 12,404 more than Conservative candidate Giles Watline, who came in second with 8,709 votes, or 24.6%. Read more
The Romans used to predict the future by examining the entrails of dead animals. These days we use opinion polls, often with similarly haphazard results.
Even some of the most robust Westminster commentators are refusing to make firm bets about how the landscape will look after next May’s general election. It will be the closest fought, most unpredictable, most exciting battle for a generation. Read more