Chancellor to signal cost-cutting steps as she accuses Tories of fiscal 'cover up'

Tories say PM’s speech is a ‘desperate relaunch’

Chris Philp says the prime minister’s ‘plan for change’ speech is a “desperate relaunch in an attempt to rescue the fortunes of a failing government”. The shadow home secretary accuses the government of breaking election promises and imposing “the biggest tax increases in recent history”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

PM accuses Tories of running ‘experiment in open borders’

Sir Keir Starmer has accused the last government of a “one nation experiment in open borders”. In a press conference in Downing Street, the prime minister accused the Conservatives of a “different order of failure” that happened “by design not accident”. Starmer said: “Time and again the Conservative Party promised they would get the numbers down. Time and again they failed, and now the chorus of excuses has begun.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Tories urge govt to ‘stick to their promise’ on defence

Shadow Treasury minister Gareth Davies urges the government to “stick to their promise to meet 2.5% of GDP on defence spending” claiming they “have not actually set out a timetable for the timetable” to do this. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Tories blame Reeves' tax hike for adverse market reaction

Gareth Davies says people will be asking "what is this Budget for if it's not for growth?", after Rachel Reeves raised taxes by £40bn. The shadow exchequer to the Treasury adds the chancellor's tax increases have sparked a hostile market reaction. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Badenoch accuses govt of 'playing politics' with Waspi women

Kemi Badenoch has accused the government of "breaking promises" and "playing politics with the Waspi women". Labour has chosen not to compensate women born in the 1950s, claiming most knew about changes to the state pension age. Prime Minister Sir Keir Starmer responded saying, "the number one job of this government was to put the finances back in order after the last government lost control". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Starmer arrives at Commons for last PMQs of the year

Sir Keir Starmer has arrived at the Houses of Parliament for Prime Minister's Questions, as the Labour leader faces Kemi Badenoch in the Commons for the final PMQs of the year. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Govt: Waspi compensation not good use of taxpayers' money

The homelessness minister says compensating Waspi women over changes to the state pension age "wouldn't be an appropriate use of taxpayers' money". Rushanara Ali adds the government "recognises this is going to be disappointing for women born in the 50s", but that Labour remains committed to the "vital" triple-lock system. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Griffith: Inflation figures show Reeves must change course

The shadow business secretary has called on Chancellor Rachel Reeves to "change course quickly", after new ONS figures show inflation increased to 2.6% in November. Andrew Griffith adds all the major economic metrics, such as inflation and growth, "are going in the wrong direction", and fears what four years of a Labour government will do to the UK economy. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Reeves: I understand why Waspi campaigners are disappointed

Rachel Reeves says she can understand why women affected by changes to the state pension age will feel "disappointed", but adds that paying an "expensive compensation bill" was not the best use of taxpayers' money. Campaigners say the government's decision not to compensate women affected by changes to the state pension age, and their communication of these changes, are "bizarre and totally unjustified". But the chancellor says the ombudsman has reported that around 90 percent of women knew the changes were coming. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Reeves: Inflation remains in line with international peers

Rachel Reeves says the UK's latest inflation figures are "broadly in line with our international peers", despite rising to its highest level since March. The chancellor adds, "I recognise the cost of living crisis continues to bite" but that the government is "taking action" to address its challenges. ONS figures show inflation has risen to 2.6% in November, from 2.3% the previous month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

UK Conservative Party choose Kemi Badenoch as new leader

Britain's Conservative Party has elected Kemi Badenoch as its new leader, becoming the first Black woman to lead a major political party in the UK. Badenoch succeeds former Prime Minister Rishi Sunak, whose tenure was marked by the Conservatives' worst election performance since 1832.