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Ed Balls sorry over 'mistake' not regulating banks more

Ed Balls has apologised for not regulating banks enough and conceded it was a "mistake" not to do so, according to ITV News deputy political editor Chris Ship.

Ed Balls signals Labour ready to take 'tough decisions'

Shadow Chancellor Ed Balls has used a speech at the Labour Conference in Manchester to who Labour will take "tough decisions," according to ITV News deputy political editor Chris Ship.

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Ed Balls: Labour We will cap child benefit at 1%

Shadow chancellor Ed Balls has said Labour will cap child benefit at 1% for the first two years of Parliament if the party takes power.

I want to see child benefit rising again in line with inflation in the next parliament, but we will not spend money we cannot afford.

So for the first two years of the next parliament, we will cap the rise in child benefit at 1%.

It will save £400 million in the next Parliament. And all the savings will go towards reducing the deficit.

– Shadow chancellor Ed Balls

Balls: Labour will stop 'creeping' NHS privatisation

Shadow chancellor Ed Balls has told the Labour conference that the party will halt the "creeping privatisation" of the NHS.

Balls: Labour will stop 'creeping' NHS privatisation.

Mr Balls said: "We will repeal the NHS bill and stop the creeping privatisation of the national health service.

"In our first budget, the next Labour government will scrap the bedroom tax."

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Tesco boss: 'I can't speculate exactly what went wrong'

Tesco chief executive Dave Lewis was only appointed three weeks ago.

Tesco boss Dave Lewis has said he will not know exactly what went wrong with their profit misstatement until he gets the results of an independent investigation into the matter.

The chief executive, who was only appointed three weeks ago, was made aware of the issue on Friday and four employees have since been "asked to step aside".

But he would not reveal who the staff members were and said disciplinary action had not been taken against them.

Asked if the deficit could be more than the £250 million the firm reported in their figures, he said: "Early indications suggest it is £250 million.

"But I must stress at this point in time I won't know until we've done the full investigation.

"It's a obviously a very serious issue which is very important for us but until I've finished the investigation I can't speculate exactly what happened."

Downing St: 'No ifs, no buts' on Scottish devolution

Downing St has echoed Ed Miliband's line that there will be "no ifs, no buts" when it comes to delivering further powers to the Scottish Parliament.

ITV News Political Correspondent Libby Wiener has been at a briefing with the Prime Minister's spokesman.

McLaren accuse Red Bull of sending coded messages during Singapore Grand Prix

Boullier has encouraged the FIA to investigate Red Bull's messages. Credit: PA

McLaren team principal Eric Boullier has accused Red Bull of using coded radio messages to help Daniel Ricciardo in Sunday's Singapore Grand Prix.

A complicated week in the build-up to the race for the FIA saw them initially issue a detailed list of messages that would be prohibited from the race in Singapore onwards.

Motor sport's world governing body, however, backtracked on several of the guidelines following complaints from teams.

During the race at the Marina Bay Street Circuit, and with Daniel Ricciardo encountering problems with the battery in his car, at one stage he was told: "Avoiding exit kerbs may help the problem with the car."

Ricciardo finished third in Sunday's race. Credit: PA

Boullier feels such a message contravened the new regulations as he said: "We had no issues (with the new radio rules) on our side.

"It just made us more busy listening to others to make sure they made no mistakes, like Red Bull twice with Ricciardo.

"I think it was coded, but it is up to the FIA to investigate. It is not for me to investigate.

"But it was a strange message. Once was okay, but twice, three times? You can doubt what exactly the car problem was."

Welsh First Minister calls for 'home rule' powers

Wales and Northern Ireland must be granted 'home rule' powers after Westminster leaders' pledge to devolve more power to the Scottish Parliament, the Welsh First Minister has said.

Carwyn Jones told the Labour conference this morning: "The future we promised to Scotland must be delivered - an equal share of resources, a seat at the table, a powerful Parliament - that must be offered to Wales and Northern Ireland too."

Carwyn Jones called for more powers to be devolved to Wales and Northern Ireland. Credit: PA

Mr Jones warned Labour delegates that without a fair settlement for all the countries of the UK, support for parties such as the SNP, Plaid Cymru and Ukip would strengthen.

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