chancellor
OpenAI's George Osborne says datacentre nimbys holding back Britain
Protests have sprung up across the UK in opposition to the construction of datacentres, including outside the Scottish parliament. Protests have sprung up across the UK in opposition to the construction of datacentres, including outside the Scottish parliament. Former chancellor, now senior figure at OpenAI, says UK needs datacentres to maintain'sovereignty' over AI tech Datacentre nimbys are holding Britain back, George Osborne has said in reaction to nationwide protests about the giant water-and energy-guzzling structures. The former Tory chancellor is now the head of AI for countries at OpenAI, the developer of ChatGPT. His job is to represent the company to governments around the world and he also has a role in enabling the building of datacentres and other infrastructure.
Eight German state premiers back Merz amid speculation over future
The leaders of eight German states have backed the nation's chancellor amid growing speculation about his political future. The premiers - all of whom are part of Friedrich Merz's Christian Democratic Union (CDU) - wrote that restoring trust in their party lay in listening and taking political action, not in debates over personnel. Merz, who has only held the post for 16 months, is facing poor approval ratings while the anti-immigration, far-right Alternative for Germany (AfD) party is surging, prompting questions about whether he is an electoral liability. He has vowed to carry on but two more state elections on Sunday have been seen as a key test of his leadership. Rumours of a Kanzlertausch - or Chancellor swap - have been around for months, but they have increased since the conservative CDU tumbled to a distant second behind the AfD in the eastern state of Saxony-Anhalt at the start of September. The AfD shot up to 43.8% of the vote while the CDU plummeted to 17.2%, marking the first time since World War Two that a far-right party has come close to controlling a German state.
Call to raise tax thresholds among union demands ahead of Budget
Unions who donate to Labour will meet John Healey on Thursday to press home their demands ahead of next month's Budget. Unite, the UK's second biggest union, has called for a reversal of the freezing of tax thresholds, that see the lowest paid drawn into paying tax. The union's leader, Sharon Graham, said she told Andy Burnham that the cut to the winter fuel allowance, carried out under former Prime Minister Sir Keir Starmer, was a disgrace, adding: What to you need to do is winter fuel in reverse - something that says to everyday people I am on your side. The call is one of a number of policy proposals unions are taking to the chancellor, including increased taxes on tech companies. Unions say they believe Healey's first budget will define Andy Burnham's direction of travel as prime minister.
Faisal Islam: Chancellor's attempts to boost vibes may limit tax rises
Faisal Islam: Chancellor's attempts to boost vibes may limit tax rises The chancellor may have thought about shifting the venue of his first major speech this morning. It was an absolute and total coincidence that he chose to make it in the Coventry Manufacturing and Technology Centre (MTC), just a few minute's drive from the city's totemic HQ of Jaguar Land Rover (JLR). In the event, no one was pulling punches. The 4,000 office-based job losses at JLR were confirmed as John Healey answered questions a few miles away. Healey chose to lean into it as an example of the global turbulence against which the UK needs more resilience. The difference between this chancellor and his predecessor was he also feels that stressing fiscal discipline should instil confidence in consumers, businesses and investors, and not sap it away amid rolling fears of tax hikes.
Burnham accuses Blair of ignoring inequality as he hits back at ex-PM
Andy Burnham has accused former Labour Prime Minister Sir Tony Blair of failing to understand what's going on in people's lives and underestimating the impact of inequality. Sir Tony used a 5,600 word essay to argue the Labour government had no coherent plan for the country and had introduced policies that had held back business. He urged Labour not to move to the left and to embrace the radical centre instead. But Burnham, who is widely expected to challenge Sir Keir Starmer for the Labour leadership if he wins a by-election next month, told the Observer Sir Tony doesn't mention inequality once in his critique of where the Labour government has gone wrong. If you don't get how that's driving politics now, if you are not rooting your analysis in the fact that people are unable to live and that things that were taken for granted are no longer affordable, then you are not understanding what's going on, said the mayor of Greater Manchester.
Who is Gerhard Schroeder, Putin's pick for Ukraine peace talks mediation?
What are Russia's gains from the Iran war? 'We are not losers; we are winners' Who is Gerhard Schroeder, Putin's pick for Ukraine peace talks mediation? Russian President Vladimir Putin has suggested that former German Chancellor Gerhard Schroeder could coordinate talks with the European Union to secure a peace deal in Ukraine - a proposal met with scepticism by EU officials. European Council President Antonio Costa said recently he believed there was "potential" for the EU to negotiate with Russia and to discuss the future of Europe's security architecture. A day later, the Russian leader said the four-year-old war may be "coming to an end", adding that he was ready to hold direct talks with his Ukrainian counterpart, Volodymyr Zelenskyy, in Moscow or a neutral country. Speaking after Saturday's celebrations for Victory Day, which marks Russia's victory over Nazi Germany in 1945 at the end of World War II, Putin added he would be willing to meet Zelenskyy only once the terms of a peace agreement had already been settled.
OBR head's resignation leaves potential landmines for Reeves
The shock resignation came for a very specific reason, but the OBR saga will continue with a series of decisions the chancellor will have to make over Richard Hughes' replacement. Firstly the Chancellor will have to find a respected and credible economist to run the OBR. There are several candidates, who might fit the mould of fiercely independent bean counters. The list will be carefully watched by the markets for any departure from the normal model. The problem is that there is some political pressure to do just that.
Budget 2025: What's the best and worst that could happen for Labour?
Budget 2025: What's the best and worst that could happen for Labour? Any big red box moment is risky. Now the chancellor's big choices are out there, what's the best-case scenario for Reeves and Starmer, and what's the worst that could happen next? On the positive side of the ledger, Labour MPs have gone off to their constituencies in a better mood this week. That is in large part down to the chancellor's decision to scrap the limit on bigger families getting some extra benefits.
Chris Mason: Starmer could have scrapped child benefit cap last year - why did he wait?
Starmer could have scrapped child benefit cap last year - why did he wait? I can't remember when I last heard Sir Keir Starmer sounding so passionate. The prime minister's critics regularly lambast him for what they see as robotic or emotion-free communication, but you could not accuse him of that as we spoke on a post-Budget visit to a community centre in Rugby, Warwickshire. I could see it in his eyes and hear it in his tone. I have repeatedly said that I want my government to drive down child poverty.