Overview

• A Survation poll of 1,024 Labour members finds 91% support higher taxes on the wealthy, 84% back ending the two-child benefit cap and 74% oppose suspending MPs who dissent.
• The National Institute of Economic and Social Research warns the chancellor faces a £41.2bn shortfall after recent spending commitments and policy reversals.
• Deputy Prime Minister Angela Rayner’s leaked memo proposed eight potential wealth levies as an alternative to further departmental cuts.
• Ministers disagree over the practicality and political fallout of standalone wealth taxes versus deeper spending squeezes.
• Senior party figures caution that failure to deliver a clear progressive tax reset could hand support to Reform UK and Nigel Farage.