Theresa May, Britain’s new prime minister, has announced sweeping changes with her first cabinet.
Meanwhile the Bank of England has surprised markets by leaving interest rates on hold. Many had been expecting a cut.
- Philip Hammond (treasury)
- Boris Johnson (foreign office)
- Amber Rudd (home office)
- Justine Greening (education)
- Liz Truss (justice)
- David Davis (Brexit minister)
- Liam Fox (international trade)
- Jeremy Hunt (health)
- Damian Green (work and pensions)
- Michael Fallon (defence)
- Chris Graylling (transport)
- Andrea Leadsom (environment)
- George Osborne (treasury)
- Michael Gove (justice)
- Nicky Morgan (education)
- Stephen Crabb (work and pensions)
- John Whittingdale (culture)
- Oliver Letwin (cabinet office)
- Theresa Villers (Northern Ireland)
Theresa May has taken over as prime minister after David Cameron ended his six-year tenure. She becomes the second female prime minister of the UK 26 years after the first, Margaret Thatcher, resigned.
Mrs May has started to form her cabinet with key appointments announced late on Wedneday.
Key cabinet appointments
Philip Hammond becomes chancellor
David Davis takes on new role as secretary of state for Brexit
Boris Johnson becomes foreign secretary
Amber Rudd takes over as home secretary
Michael Fallon remains defence secretary
Liam Fox is appointed in a new role as international trade secretary
Theresa May, the home secretary, and pro-Brexit campaigner Andrea Leadsom, are through to the final two in the race to be the next Conservative leader.
Michael Gove was eliminated in the final round of voting at Westminster.
The two leading candidates will now be presented to 125,000 party members to make the final choice for their new party leader who will replace David Cameron as prime minister
May won the votes of 199 out of 330 Tory MPs in the second round of voting
Leadsom came second with 84
Gove was eliminated after coming third with 46
The result of the members’ ballot is due by September 9
Boris Johnson will not be running to replace David Cameron, but Michael Gove will. He’ll face new favourite home secretary Theresa May – and a handful of others.
Boris Johnson pulls out of the race for Tory party leadership
Michael Gove launched surprise run
May, Leadsom, Fox and Crabb launch candidacy
Bank of England governor hints at more monetary easing, warning of a “materially slower” growth
FTSE 100 closes at highest since Aug 2015; Gilt yields fall negative for first time ever
Political journalists have become exceedingly wary of pollsters since they called last year’s general election wrongly. Are they right to be? The performance of major polling companies in this referendum could make or break their reputations – get it wrong again and the fury of Fleet Street will be unconstrained.
But there’s good reason to feel that hacks should have learned some lessons too – the first being, properly understand what it is that you are reporting. Here are a handful of key points to bear in mind when in the coming days we consider the pollsters’ performance in this referendum. Read more
Hundreds of trade unionists from across Europe will descend upon Paris on May 28 for a rally in support of Brexit: by doing so, many are defying the wishes of their own leaders. The question is: why? The Remain camp has the support of all but a handful of Labour MPs and the biggest unions such as Unite, Unison and the GMB. They argue that membership of the EU has brought an array of protections for the environment and for workers’ rights. But millions of Labour voters – perhaps a third of the total – are still expected to vote for Britain to leave the EU. They consist of two camps, divided mainly by their outlook on immigration. Many blue collar traditional Labour voters will vote for Brexit in a bid to slow the flow of incomers entering Britain, as I wrote about here last week. Frank Field, a Eurosceptic Labour MP, has warned that the referendum could drive a “swathe” of Labour voters towards Ukip.
“Our open door policy, which began under Tony Blair, has pushed down wages at the bottom of the labour market,” he says. “It has increased the queues for health services and even more so for homes.”
In the dying moments of the Scottish referendum campaign two years ago Gordon Brown electrified the unionist side with a heartfelt plea to Scots to stay in the United Kingdom.
Today saw the former Labour prime minister try to repeat the magic ahead of the referendum on EU membership. Read more
Are you worried about the woes of “generation rent”? Perplexed by measures to dampen the buy-to-let market? Eager to buy a Starter Home? Seeking answers on the housing bill, Right to Buy or Help to Buy?
On Wednesday April 20 2016 between 11am and midday (GMT), Brandon Lewis, housing minister, will answer readers' questions on housing and home ownership in a live webchat.
Moderated by Judith Evans, property correspondent
The housing crisis has reached the top of the political agenda, with even the prime minister, David Cameron, saying he worries about his children being able to afford their own homes.
Brandon Lewis, housing minister, will appear here on the Westminster blog at 11am on Wednesday April 20 to answer your questions on housing and home ownership in a live webchat. Read more
Pollsters should be more transparent about their methodology and more quizzical about people’s intention to vote, a wide-ranging review of last year’s election polling disaster has recommended – as well as suggesting that Britain needs fewer, but better, political polls.
Polling companies were left embarrassed last year by the surprise Conservative election win, which none of them had accurately predicted. Polls showed Labour and the Conservatives neck and neck in the run-up to the vote last May, but on the night the Tories won an outright majority with a lead of 7 percentage points in the popular vote. Read more
Experts pinpoint why online polls and those made by phone show wide discrepancy Read more
George Osborne’s eighth Budget comes at a time of slowing growth and with the government split over Europe. The chancellor needs to show he still has a grip on the public finances, while keeping Conservative backbenchers happy.
Economic outlook – growth forecast cut this year from 2.4 per cent to 2 per cent.
Public finances – debt to GDP forecast revised up from 81.7 per cent to 82.3 per cent for 2016-17.
Government spending – new annual cuts of £3.5bn by 2020.
Corporation tax – to fall from 20 per cent at the start of this parliament to 17 per cent by 2020.
Sugar tax – new levy on sugary drinks to tackle childhood obesity.
Capital gains tax – cut from 28 per cent to 20 per cent.
ISAs – limit to rise from £15,000 to £20,000.
Tax-free persons tax allowance – raised to £11,500, effecting 31m people
Higher rate tax threshold – raised to £45,000
Why is one measure of EU immigration to Britain nearly three times as high as the other?
That is the question Westminster’s Brexiteers are asking this week. The answer could shape the arguments both for and against Britain leaving the EU. Read more
In the next four months Britain will be inundated with opinion polls. As the Leave and Remain camps gear up for Britain’s first referendum on its relationship with Europe for four decades, the stakes are high.
But this time last year the nation also pored over an array of polls during the general election campaign, and yet those polls proved unreliable. Read more
Campaign website 38 Degrees has become the bane of many MPs’ lives for the vast tide of correspondence its 3m members generate. But its founder David Babbs hopes it will come to be seen as a benefit to British democracy. Here he discusses with FT political correspondent Kate Allen how the site came about, its greatest victories to date – and how he’s now turning his members’ fire on the corporate world …
More than 26,000 British farmers have not yet received annual European subsidy payments and many are facing financial difficulties as a result, a committee of MPs has been told.
Britain is facing £180m fines a year over the failure by the Rural Payments Agency to distribute the cash because of overruns on a big IT project. Read more
Junior doctors on the picket line outside the Royal London Hospital in east London, as a doctors go on strike for 24 hours in a dispute with the government over new contracts. PRESS ASSOCIATION
Today’s junior doctor’s strike differs from other industrial disputes for a simple reason: people like doctors. In recent times, the government has managed to paint Tube drivers as dinosaurs who are standing in the way of technological progress. But it’s much harder to do that with doctors, so the public is firmly behind the strikers. Read more
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
Recent appointments by Jeremy Corbyn have shown a Labour leader in no mood to compromise with his internal critics: they include John McDonnell, Seumas Milne and Andrew Fisher.
The latest possible name in the frame to join the leader’s office is equally controversial: Karie Murphy. Read more
Chancellor George Osborne has been freed from the shackles of coalition government to deliver his seventh Budget but the first purely Conservative Budget in almost two decades.
Although dark clouds are gathering in the eurozone, Britain’s economic recovery continues at a steady pace and the public finances are slowly improving, giving him the opportunity to shape the economy, public finances and tax system for the next five years.
Mark Odell, Elizabeth Paton, Jonathan Eley and Ferdinando Giugliano