
Peter Mutton
475 posts



One Labour MP close to Reeves said: “I am concerned that we may lose everything if a new leader sacrifices the chancellor for promises and new alliances they are currently forging with MPs who fancy the job for themselves. The biggest fear for the bond markets and the unions is Ed Miliband” Story: theguardian.com/politics/2026/…













Inflation is down today, in part thanks to action we've taken on energy bills. But the price of electricity is still set by global gas rates, despite half of our electricity coming from renewables. So we're taking steps to fix that too. Let me explain 👇








NEW Inflation eases from 3.3% to 2.8% in year to April, with falls in domestic energy and other bills (water, VED) last month counteracted by a rise in petrol prices… Core inflation 2.5% vs 3.1%… services 3.2% vs 4.5% … Lowest services inflation since January 2022 - key indicator for Bank of England… Lowest core inflation since July 2021 Good set of figures before the inevitable upwards turn from full impact of Iran war, especially on domestic bills.

















