Live updates

'No compensating hit' for tax credit U-turn, sources say

Sources at the Department for Work and Pensions have told ITV News that despite George Osborne' U-turn on his controversial tax credit plan, there will be no "compensating hit" elsewhere in its budget.

The Chancellor is instead simply "forgoing the savings", they added.


No cuts to police budget 'at all', Osborne says

There will be no cuts to police budget 'at all', George Osborne announced.

Now is not the time for further police cuts.

Now is the time to back our police and give them the tools do the job.

I am today announcing there will be no cuts in the police budget at all.

There will be real terms protection for police funding. The police protect us, and we’re going to protect the police.

– George Osborne

London Help to Buy launched as Right to Buy extended

Tenants of five housing associations will be able to start applying to buy their own home as part of a pilot scheme extending Right to Buy from midnight, George Osborne announced.

A new scheme called London Help to Buy will also be launched, meaning Londoners with a five per cent deposit will be able to get an interest-free loan worth up to 40 per cent of the value of a newly-built home.

Public land suitable for 160,000 homes will be released, he added, to help stimulate the building industry as well as tackling the housing crisis.

Meanwhile, a three per cent higher Stamp Duty will be imposed on those buying second homes or buy-to-let properties from April next year.

That will raise almost a billion pounds by 2021, helping to fund some of the other changes, he said.


Old prison sell-off to fund nine new prisons

A sell-off of "old, Victorian" prisons will help fund the construction of nine new prisons, George Osborne has announced.

Old Victorian prisons in our cities that are not suitable for rehabilitating prisoners will be sold.

This will also bring long term savings and means we can spend over a billion pounds in this Parliament building nine new modern prisons.

Today, the transformation gets underway with the announcement the Justice Secretary has just made.

I can tell the House that Holloway Prison – the biggest women’s jail in Western Europe – will close.

In the future, women prisoners will serve their sentences in more humane conditions better designed to keep them away from crime.

– George Osborne
  1. Calendar

Caroline Everest death: Police arrest man on suspicion of rape

Officers investigating the death of 18-year-old Caroline Everest in Sheffield have arrested a 31-year-old man on suspicion of rape.

They say tests into the cause of the student's death have proved ‘inconclusive’ and that more are to be carried out to determine how she died.

Caroline was reported missing after leaving the Corporation nightclub in the city centre in the early hours of Sunday. Officers today confirmed a body found yesterday in a river in Summerfield Street is that of the missing teenager.

Detectives are continuing their investigation to piece together the exact circumstances that led to her death.

Caroline Everest

At this time, we are treating Caroline’s death as unexplained. There have been a number of developments throughout the late evening and overnight as part of this complex investigation. Officers have trawled through hours of CCTV footage to trace Caroline’s last steps to begin to understand what happened that night. CCTV tells us that Caroline left the Corporation nightclub on Milton Street at around 2.40am on Sunday.

A minute later, she is seen with a man outside the Devonshire Cat pub. At 3.35am, CCTV shows them parting company on Napier Street in Sharrow. Approximately ten minutes later, Caroline is seen alone on Summerfield Street, walking in the direction of the river. This is the last we see of her.

We have carried out extensive enquiries in a bid to identify and locate the man in the earlier CCTV footage. As a result, we arrested a 31-year-old on suspicion of rape. He remains in custody. The investigation is ongoing and we continue to review CCTV footage from the information received from the public. If you saw Caroline that night, or have any information, I urge you to come forward. Any information, no matter how small, could be vital to piece together her final steps and to provide answers for her family.”

– Detective Chief Inspector Victoria Short

Levy to raise £3bn a year for 3m new apprenticeships

A new levy on businesses will help raise £3bn a year for three million new apprenticeships, George Osborne has said.

The rate is set at 0.5 per cent of the employer's paybill - but will only apply to companies with paybills of more than £3m a year.

Load more updates Back to top

From our journalists