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SHOCKING: 2 - You Need To See This

Friday briefing: After constant leaks and a resignation, is the OBR still fit for purpose?

In today’s newsletter: Critics say the OBR’s growing influence has outpaced its accountability, raising questions about whether it serves the public, the Treasury, or the markets

The Guardian - UK

HSBC has a new chair but the succession process should have been slicker

This is the UK’s second-largest listed company, and the European bank most exposed to declining US-China relations

The Guardian - UK

OBR chief’s exit may ease pressure on Rachel Reeves but the battle isn’t over

With the row deepening over budget leaks, who is most likely to replace Richard Hughes in the increasingly thankless role of chair?

The Guardian - UK

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London Zoo chief resigns amid investigation into ‘unacceptable workplace behaviour’

Matthew Gould stepped down as head of the Zoological Society of London after an internal probe found his conduct fell below expected standards

Evening Standard

London zoo boss quits amid claims of ‘unacceptable workplace behaviour’

Exclusive: Matthew Gould, close friend of George Osborne and former envoy, resigns before investigation concludes

The Guardian - UK

How Rachel Reeves’s budget was leaked 40 minutes early

By the time the chancellor reached the dispatch box, the OBR had accidentally published its verdict in full online

The Guardian - UK

Peter Mandelson faces £300 fine after urinating in Notting Hill street

Kensington and Chelsea council confirmed it was investigating after the Labour peer admitted urinating against a garden wall

Evening Standard

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Former chancellor George Osborne reportedly in running to be chairman of HSBC

The former London Standard editor is said to be a surprising candidate for the position

The Independent UK

Gordon Brown calls for ‘total abolition’ of two-child benefit cap to tackle ‘scar’ of poverty in Britain

The former Labour leader and chancellor issued a stark warning to the current government

The Independent UK

Two-child limit not policy for workshy and must be banished, says Gordon Brown

Campaigners argue that 109 children across the UK are pulled into poverty by the policy every day.

Evening Standard

Budget tax hikes should be coupled with major reform, Osborne says

Tory ex-chancellor George Osborne conceded large reforms to the tax system can be difficult politically as he pointed to his 2012 ‘pasty tax’ budget.

Evening Standard

George Osborne issues stark warning to Reeves over tax hikes

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

The Independent UK

Reeves aims to prepare voters and markets for possible budget tax rises

Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffs

The Guardian - UK

Rachel Reeves ‘eyes tax raid on expensive homes’ in crunch Budget

Mansions and other high value houses in Labour chancellor’s sights as she prepares for crucial Budget later this month

The Independent UK

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The Guardian - UK

Ministers can raise taxes if they come out fighting. But no one in this cowardly Labour government seems able

Ahead of the budget, Rachel Reeves should be out making her arguments. Instead, there is silence – and a huge opportunity for Labour’s opponents, says Guardian columnist Aditya Chakrabortty

Evening Standard

Surprise protests and pink champagne: inside the British Museum Ball

It was an eventful night at the museum for the international glitterati

The Independent UK

With her stamp duty pledge, Kemi Badenoch has rediscovered the Tories’ political mojo

THE INDEPENDENT VIEW: Editorial: In the Manchester conference hall, the Conservative leader showed herself at her combative best – but one good speech with a headline-grabbing policy won’t be enough on its own to close the gap with Nigel Farage’s Reform UK

The Independent UK

Rachel Reeves set to lift two-child benefit cap in Budget

Labour chancellor under pressure to scrap policy, brought in as part of the Tory government’s ‘austerity’ plans

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The Guardian - UK

Overbaked prices? What a Greggs sausage roll and Pret meal deal say about how much Britons will pay

Food inflation pushes consumers to the limits of what they are willing to spend, costing retailers sales

Evening Standard

The monarchy’s slow retreat from political influence

Valentine Low’s Power and the Palace is a study of how sovereigns and politicians have circled one another for two centuries. It is well-researched; flashes of brilliance sit alongside passages that feel well worn. Among the revelations in the book’s serialisation was the late Queen’s aside to George Osborne to…

The Guardian - UK

Who is in the running to replace Peter Mandelson as Britain’s US ambassador?

Keir Starmer may need to move quickly to appoint new envoy given Donald Trump’s imminent state visit

The Guardian - UK

A banya with a billionaire, an undeclared loan and ‘pure poison’: the many scandals of Peter Mandelson

Despite his value to Starmer, the New Labour veteran has been forced into an extraordinary third resignation

The Guardian - UK

George Osborne ‘to miss out on big windfall’ from sale of investment bank

Former chancellor is now partner at Robey Warshaw but is expected to move to part-time role, report says

Evening Standard

Queen Elizabeth II privately opposed Brexit, new book claims

The claims are made in Power and the Palace, a forthcoming book by royal biographer Valentine Low

Evening Standard

OPINION - Landlord woes - how a nightmare tenant turned my lovely flat into a cannabis factory

The beginning of the end came early one Saturday morning. We were sitting in the departures zone at Stansted airport, waiting to board a red-eye flight for a family birthday reunion early last year. But something was wrong with our bank account. One of our tenants had just paid his…

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