
UK politics live: Rachel Reeves hit by claims she exaggerated Bank of England job on CV
Her LinkedIn profile shows she worked at the Bank of England from September 2000 to December 2006. However, the BBC found she had left by March 2006 when she began working for Halifax Bank of Scotland (HBOS) in West Yorkshire.
Ms Reeves has previously claimed in a 2021 magazine interview she spent a decade working at Threadneedle Street, while she told the Labour Party Business Conference last year she spent 'the best part of a decade' at the Bank.
A spokesman for the chancellor confirmed the LinkedIn profile was inaccurate and said the error was due to an administrative mistake.
It comes as Britain's economy unexpectedly grew in the final three months of last year after recession fears, but Ms Reeves said she was 'still not satisfied'.
Tories say they support government's backing of Ukraine in rare show of cross-party support
Shadow defence secretary James Cartlidge told the Commons: 'We remain 100% steadfast in our support for Ukraine and in our backing for the Government delivering that, as they did when in opposition, and we agree in principle with them – as we also stressed repeatedly in government – it is for the Ukrainians to decide the timing and terms of any negotiations on ending the war.'
He added: 'Negotiations without the direct involvement of Ukraine would be unthinkable.'
Mr Cartlidge noted US President Donald Trump has been right to highlight that some Nato nations spend 'far below what is expected and required' on defence.
He also sought assurances that the UK Government would use 'every lever possible' to remind all Nato members that if Russian President Vladimir Putin is 'seen to somehow win from any settlement that may bring a temporary end to the conflict, but it will not make the world a safer place'.
Mr Cartlidge went on: 'Far from it, this would be an illusion of peace likely to send a very dangerous signal to other potential adversaries.'
Jabed Ahmed13 February 2025 11:49
Explained | What are the fake CV allegations made towards Rachel Reeves?
The BBC reported Rachel Reeves left the Bank of England nine months earlier than she stated in her LinkedIn profile. This means she spent five and a half years working at the bank despite publicly claiming to have spent the 'best part' of a decade there.
Ms Reeves has previously claimed in a 2021 magazine interview she spent a decade working at Threadneedle Street, while she told the Labour Party Business Conference last year she spent 'the best part of a decade' at the Bank.
Her LinkedIn profile shows she worked at the Bank of England from September 2000 to December 2006. However, the BBC found she had left by March 2006 when she began working for Halifax Bank of Scotland (HBOS) in West Yorkshire.
The broadcaster unearthed a photograph of the chancellor in March 2006 alongside other HBOS staff at an annual lunch for the Council of Mortgage Lenders. A former HR lead told the BBC she recalled Ms Reeves' first day at HBOS, and that it was in March 2006.
The LinkedIn profile has since been updated. Her profile states she worked in three areas of the Bank over the six-year period she was employed there: its international economic analysis division, then at the British Embassy in Washington DC in the second secretary economic division, and finally in the structural economic analysis division.
After this it lists her time working for Halifax Bank of Scotland, then her political career following her election in 2010.
Jabed Ahmed13 February 2025 11:33
Rishi Sunak makes rare appearance in Commons to ask question on Ukraine
Former prime minister Rishi Sunak has urged the Government and its European allies to provide Ukraine with a 'military presence across land, air and sea', in the event of a peace deal.
During an urgent question on Ukraine, he said: 'Can I ask the minister if she agrees with me that in this new world, and in the event of any peace deal, that the United Kingdom and its European allies must lead in providing Ukraine military support and potentially military presence across land, air and sea, to give Ukraine confidence that any peace will endure?
'And can I assure the Government that it will have my support, if that's what it decides to do.'
Defence minister Maria Eagle replied: 'I can confirm that we aim to put Ukraine in the strongest possible position to enable it to negotiate, and that involves continuing to supply them with the arms and weapons that they need in order to fight, because fighting is still going on in a very fierce manner in that country.
'So we need to step up and make sure we do that.'
Ms Eagle added that 58% of aid and support received by Ukraine last year was from European nations.
Jabed Ahmed13 February 2025 11:31
Prime minister abandons housing development visit after farmers protest
Sir Keir Starmer was forced to cut short a visit to a housing development after a protest by farmers.
Around a dozen tractors and agricultural vehicles blocked the road near the Eastbrook development in Milton Keynes.
The Prime Minister abandoned planned media interviews due to the protest.
Jabed Ahmed13 February 2025 11:19
Rachel Reeves' spokesperson responds to exaggerated CV allegations
A spokesperson for Rachel Reeves said: 'As Rachel said on Good Morning Britain a couple of weeks ago when she was asked, she worked as an economist at the Bank of England between 2000 and 2006, including over a year at the British Embassy in Washington working in the economics section, and then she worked at HBOS from 2006 to 2009. She's proud of the jobs she did and experience she gained before becoming a Member of Parliament.'
Jabed Ahmed13 February 2025 11:08
Defence minister says she is glad support for Ukraine remains cross-party
Defence minister Maria Eagle, responding to an urgent question on Ukraine, told the Commons: 'Nato's job is to put Ukraine in the strongest possible position for any talks, but there can be no negotiation about Ukraine without Ukraine being involved.
'We want to see a durable peace and no return to conflict and aggression. That's the only way in which this war can end with the kind of security that President Trump and Secretary Hegseth have referred to.'
Jabed Ahmed13 February 2025 10:57
Breaking | Rachel Reeves 'exaggerated Bank of England experience on her CV'
Rachel Reeves 'exaggerated Bank of England experience on her CV'
Rachel Reeves exaggerated on her CV how long she worked at the Bank of England, it has emerged.
Jabed Ahmed13 February 2025 10:49
Pictured | Farming protest distupts Starmer's housing development visit
Jabed Ahmed13 February 2025 10:36
Starmer disrupted by noisy farmer protest
A group of tractor-driving protesters staged a noisy demonstration as Sir Keir Starmer visited a housing development in Buckinghamshire.
The vehicles could be heard sounding musical horns while the Prime Minister spoke to workers at the side.
Farmers have staged a series of protests following the inheritance tax changes in the budget.
Jabed Ahmed13 February 2025 10:24
Urgent question on Ukraine tabled in Commons
There will be an urgent question on Ukraine in the Commons at 10.30am. It has been tabled by shadow defence secretary James Cartlidge, and a defence minister will respond since defence secretary John Healey is at a Nato summit in Brussels.
It comes after Mr Healey warned that 'Russia remains a threat well beyond Ukraine' after Donald Trump claimed that he and Vladimir Putin had agreed to start talks on ending the conflict.
Jabed Ahmed13 February 2025 10:05
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South Wales Guardian
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North Korean and Russian leaders in call to reaffirm alignment over Ukraine
The call came ahead of Mr Putin's planned meeting with US president Donald Trump in Alaska. During the call on Tuesday, Mr Putin praised the 'bravery, heroism and self-sacrificing spirit' displayed by North Korean troops as they fought with Russian forces to repel a Ukrainian incursion into Russia's Kursk border region, North Korea's official Korean Central News Agency (KCNA) said. Mr Putin also shared with Mr Kim information about his upcoming talks with Mr Trump scheduled to take place on Friday, according to Russia's TASS news agency, citing the Kremlin. Mr Kim told Mr Putin that Pyongyang would fully support 'all measures to be taken by the Russian leadership in the future, too', as they discussed advancing ties in 'all fields' under a strategic partnership agreement they signed during a summit last year, KCNA said. Since Russia's invasion of Ukraine, Mr Kim has made Moscow the priority of his foreign policy as he aims to break out of diplomatic isolation and expand relations with countries confronting Washington. His government has dismissed Washington and Seoul's stated desires to restart diplomacy aimed at defusing the North's nuclear programme, which derailed in 2019 following a collapsed summit with Mr Trump during his first term. According to South Korean assessments, North Korea has sent around 15,000 troops to Russia since last autumn and also supplied large quantities of military equipment, including artillery and ballistic missiles, in support of Mr Putin's war efforts against Ukraine. Mr Kim has also agreed to send thousands of military construction workers and deminers to Russia's Kursk region, a deployment South Korean intelligence believes could happen soon.


The Independent
a minute ago
- The Independent
Treasury looks at inheritance tax ahead of autumn budget
The Treasury is reportedly considering tightening inheritance tax rules to address a £50bn shortfall in public finances. Proposed measures include scrapping the 'seven-year rule' for gifts and introducing a potential lifetime cap on gifts to limit pre-death asset transfers. Inheritance tax, which applies to estates worth more than £325,000, generated a record £6.7bn in 2022-2023 and is seen by some as a de facto wealth tax. The move comes amid pressure on Rachel Reeves to find solutions for a projected £41.2bn shortfall by 2029-2030, with calls for a broader wealth tax. Despite suggestions for wealth taxes from some Labour figures, the Treasury's official stance is to focus on economic growth and avoid raising income tax, National Insurance, or VAT.


Daily Mail
2 minutes ago
- Daily Mail
Labour minister opens door to an inheritance tax raid as Rachel Reeves scrambles to plug her £50bn spending hole - and Chancellor 'will also hit households with stealth and sin levies'
A Labour minister today opened the door to an inheritance tax raid as Chancellor Rachel Reeves looks to plug a £50billion spending hole at her next Budget. Dame Diana Johnson, the policing minister, failed to rule out changes to the so-called 'death tax' this autumn amid growing concerns about the state of the public finances. It follows claims that Treasury officials are examining whether tightening rules around the gifting of assets and money could help fill the multi-billion pound shortfall. Under consideration is the prospect of a lifetime cap which would limit the amount a person could gift before their death, the Guardian reported. The Tories warned that the plans revealed Labour's 'politics of envy' and said people should not be punished for passing on their hard-earned money. The National Institute of Economic and Social Research recently judged that Ms Reeves needs to find £50billion in tax rises or spending cuts to balance the books by the end of the decade. The respected think tank said higher-than-expected public sector borrowing and weaker economic growth had left the Chancellor with an 'impossible' choice between the two options. As well as a possible inheritance tax raid, Ms Reeves is also said to be looking at a fresh increase in the capital gains tax rate, as well as further 'stealth' and 'sin' taxes. A new analysis by Pantheon Macroeconomics predicted Ms Reeves will hit households with 'a mix of 'sin' tax and duty hikes, the freezing of income-tax thresholds, and either pension-tax or unspecified spending restrictions in 2029-30 to fill the hole in the public finances'. A sin tax is a tax on goods and services which are deemed harmful to individuals or society, such as tobacco or alcohol, as well as gambling. Freezing income-tax thresholds is often referred to as a 'stealth tax' because more people are pulled into paying higher rates of tax as their wages grow. The Pantheon report added: 'Public finances are in a desperate condition, and the Government appears to be limping from one fiscal event to another with no clear plan to deal with medium-term fiscal pressures and long-term sustainability.' Adam Corlett, principal economist at the Resolution Foundation, told The i Paper: 'With the Chancellor likely to need significant tax revenues in her Budget this autumn, sin taxes are a sensible place to start. 'Specific policies could include raising gambling duties and aviation levies, while motoring taxes are also in need of reform. 'But while sensible, there are limits to how much these reforms can raise, and the Chancellor may need to look to more mainstream taxes if the fiscal hole she needs to fill is particularly large.' Asked by Sky News this morning if Ms Reeves is planning an inheritance tax raid, Dame Diana said: 'I'm not the Chancellor and she's obviously going to announce her Budget in the autumn and we'll make her announcements then. 'But what I'm really clear about is that the decisions that she's already taken have allowed, for example, for me as the policing minister to make sure that we're getting those 3,000 additional police officers this year into our communities to keep people safe. 'So I think the Budget will come in October and we'll hear then what she wants to announce.' Responding to Dame Diana's comments, Tory MP Sir Mel Stride, the shadow chancellor, warned against 'punishing' savers for Labour's fiscal black hole. 'The mask has slipped,' he said. 'Labour is coming for your family's future to fund their failure - and they won't stop at inheritance tax. 'Those who've worked hard, saved responsibly and hope to leave something behind shouldn't be punished to pay for Labour's economic black hole. 'It's the same old Labour: tax first, think later. Nothing is safe under Labour - not your savings, not your pension, not even the gift of helping your children. 'This is the politics of envy and working families will pay the price.' Helen Whately, the shadow work and pensions secretary, told GB News there would 'inevitably' be tax rises in the autumn following Labour's failure to 'get a grip' on welfare spending. New figures, published by the Department for Work and Pensions yesterday, showed the number of people claiming Universal Credit hit 8 million last month. The steep rise in the number of claimants over the past 12 months was driven almost entirely by people who are not required to work. The number of people on Universal Credit with 'no work requirements' reached 3.7 million in July this year - an increase of 39 per cent or 1 million since July 2024. It means 46 per cent of all Universal Credit claimants are not expected to do anything to prepare or to look for work. Sir Keir Starmer last month saw his attempt to cut Britain's ballooning benefits bill derailed by a major rebellion among Labour MPs. The Prime Minister was forced to scrap most of his planned welfare changes in the face of a huge Labour revolt. An earlier U-turn on axing winter fuel payments for millions of pensioners has also left Ms Reeves with billions of pounds to try and find in spending cuts or tax rises in her next Budget. Ms Reeves has already ruled out increasing National Insurance, income tax and VAT for workers leaving her limited options to raise money unless she changes her fiscal rules. Inheritance tax raises around £7billion a year and is paid by around four per cent of estates. It is currently set at a rate of 40per cent of the value of estates above £325,000. Labour officials are said to be concerned about the amount of money being extracted from pension pots and gifted to relatives. They are reportedly looking for a way to tap into the wealth of the 'boomer' generation who have benefited from rising property prices and gold-plated pensions. Gifts made seven years before someone dies are at present not subject to inheritance tax. Those given three to seven years before death are taxed on a sliding scale known as 'taper relief'. The rate reduces each year from 32per cent to 8per cent. A Treasury source told the Guardian: 'With so much wealth stored in assets like houses that have shot up in value, we have to find ways to better tap into the inheritances of those who can afford to contribute more. 'It's hard to make sure these taxes don't end up with loopholes that undermine their purpose. 'But we are trying to work out what revenue might be raised and how to ensure it's a fair approach.' Tory MP Sir Mel Stride, the shadow chancellor, warned Ms Reeves against 'punishing' savers for Labour's fiscal black hole The source added: 'IHT can raise more, and even if we do nothing, it will raise more money as the threshold for paying it stays frozen. 'But we have to look at the levers for taxing wealth if the aim of the government is to avoid hitting earnings from work as much as possible.' At the last Budget, Ms Reeves changed the rules so farmers paid inheritance tax for the first time on estates over £1million. The paper also reported that Ms Reeves is looking at whether to increase capital gains tax rates by a few percentage points. This could be teamed with an allowance for those who put money into British businesses so as not to deter investment into the UK. Ms Reeves has been under pressure from her backbenchers to introduce a form of wealth tax to target the rich. A Treasury spokesman said: 'As set out in the plan for change, the best way to strengthen public finances is by growing the economy - which is our focus. 'Changes to tax and spend policy are not the only ways of doing this, as seen with our planning reforms, which are expected to grow the economy by £6.8bn and cut borrowing by £3.4bn. 'We are committed to keeping taxes for working people as low as possible, which is why at last autumn's budget we protected working people's payslips and kept our promise not to raise the basic, higher or additional rates of income tax, employee national insurance or VAT.' The possible changes to inheritance tax come after Sir Keir's popularity today sunk to its lowest level to date. The Government's approval rating slipped to minus 55, according to pollsters YouGov. Just 13 per cent of the public included in the survey said they approved of the Government's record since returning to power under Sir Keir last summer - the same percentage as the previous week. But those who disapproved slipped by another percentage point, down to 68 per cent. It meant the net approval rating lurched to a record low for this administration. The weekly poll makes grim reading for Labour HQ, and follows a series of blows to Sir Keir's authority, including fresh accusations he has failed to get a hold of the small boats crisis, and claims he has presided over a 'two-tier' justice system. He also had to deal with the resignation of his homelessness minister over a rental home row. The YouGov data came after it was officially confirmed more than 50,000 migrants have arrived in the UK after crossing the English Channel since Labour won the 2024 general election. Analysis claimed the milestone was reached in 401 days of the Starmer government, compared with 603 days for Rishi Sunak's administration, and more than 1,000 days under Boris Johnson's. Liz Truss did not last long enough to reach the landmark, although a total of 10,532 migrants arrived in the UK after crossing the Channel during the 49 days of her premiership.