George Osborne has long coveted the prize of the Tory leadership.
Social engineering through the tax system is nothing new. Both Tory and Labour chancellors have become excited at the prospect of initiatives to encourage spending in one area and discourage it in another.
David Cameron was being driven back from RAF Northolt early on Friday evening when he was told that Iain Duncan Smith, his predecessor but one as Tory leader, had resigned from the cabinet. The work and pensions secretary quit in a fury, following vicious arguments with the Treasury over cuts to benefits for the disabled, announced in the budget only two days before.
Will the real Iain Duncan Smith please stand up? The self-styled “quiet man” of British politics is a hard subject to paint in broad brush strokes. A former army officer, IDS – as he is known to many – is often seen in the mould of Norman Tebbit, the MP for Chingford, whose seat he inherited in 1992.
David Cameron and George Osborne were struggling to maintain a semblance of unity in the Tory party as allies of Iain Duncan Smith said he had quit the cabinet because he regarded their cuts to welfare as “morally indefensible”.
Simon Danczuk, the Labour MP for Rochdale, has agreed to repay more than £11,000 in expenses after saying he made an error in claiming extra accommodation costs for two children who did not “routinely” live with him.
Iain Duncan Smith has resigned as work and pensions secretary over cuts to disability benefits, in the most dramatic cabinet departure of David Cameron’s leadership.
David Cameron has secured support from all other EU leaders for looser VAT rules that will allow the UK to cancel the tax on women’s sanitary products, British officials have said.
George Osborne risks parliamentary defeat over plans to cut £1.3bn from disability benefits as criticism of the scheme spread across Conservative backbenches.
Theresa May has told eastern European countries that British people have sent a “very clear message” on the need to reduce migration through their vote to leave the EU.
The Labour leadership challenger Owen Smith is facing calls to make sure Jeremy Corbyn is on the ballot if a judge rules on Thursday that the incumbent leader needs to collect nominations from MPs.