Bryant says there was ‘absolutely nothing’ in Andrew documents to suggest ministers knew of his friendship with Epstein – UK politics live
Chancellor Rachel Reeves is set to announce measures aimed at alleviating the cost of living crisis in the UK. Labour MP Wes Streeting has proposed a new approach to wealth taxation, suggesting alignment of capital gains tax with income tax rates. Meanwhile, Lucy Rigby, the chief secretary to the Treasury, defended the current taxation system, stating that wealth is already being taxed fairly in the country.
- ▪Rachel Reeves will announce measures to help with the cost of living, including free bus travel for children.
- ▪Wes Streeting proposed a 'wealth tax that works' which could raise up to £12bn a year.
- ▪Lucy Rigby stated that the government is already taxing wealth in a progressive manner.
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| Original publisher | World news | The Guardian |
| Canonical URL | https://www.theguardian.com/politics/live/2026/may/21/keir-starmer-labour-leadership-rachel-reeves-cost-of-living-echr-single-sex-spaces-latest-news-updates |
| Publication time | Thu, 21 May 2026 15:14:31 GMT |
| Retrieval time | 2026-05-21T08:10:03.731Z |
| Last seen | 2026-05-21T15:27:38.430Z |
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7m ago04.02 EDTGood morning. It’s a big day for Rachel Reeves, the chancellor. In a Commons statement, she is announcing a series of measures to help people with the cost of living. She wants people to enjoy a “Great British summer”, she says. Reeves’s plan for what makes for a good summer is not quite the same as Samantha Niblett’s; the chancellor is talking about free bus travel for children, as Heather Stewart, Peter Walker and Sarah Butler report in their preview.Reeves to promise free summer bus rides for children and food tariff cuts in living costs packageRead moreReeves is speaking after 11.30am.In the meantime, another Labour MP with ambitions to run the economy has been speaking out.
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