Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended periodBusiness live – latest updatesOil prices rose sharply and European stock markets fell on Monday, after the US seizure of an Iranian vessel hit hopes for a peace deal.Brent crude, the international benchmark for oil prices, rose by as much as 5% on Monday to $95.50 (£70.75) a barrel. Continue reading...

Downing Street takes unusual step of releasing document ahead of PM’s Commons showdown over Mandelson scandalJudgment day for PM over Mandelson scandalGood morning. There are occasions when a prime minister wakes up knowing that how they perform in the Commons that day will decide whether or not they keep their job – but they are very, very rare. The best example in modern times is Margaret Thatcher on the day of the Westland debate, when she told staff she would still be in post that evening. Boris Johnson had multiple tricky encounters with MPs, but the most difficult – and the most important for his reputation- was the one before the privileges committee about claims that he lied about Partygate, and that came after he had resigned as PM. For James Callaghan, the confidence debate in 1979 was a terminal moment for his premiership, but that vote was not decided by what he said.There seems to be little chance that Keir Starmer may be finished off by what happens in the Commons today. Since the revelations in the Guardian last week about Peter Mandelson in effect failing security vetting for his appointment as ambassador to the US, despite Starmer repeatedly everyone that he was cleared, Labour MPs have not been calling his resignation. It seems unlikely that by 6pm tonight that will have changed. But many or most of them were already of the view that he is not the right person to lead them into the next general election, and the events of the past few days have firmed up that view.The Constitutional Reform and Governance Act 2010 (CRAG) does not prevent civil servants from informing ministers of UK Security Vetting recommendations. What CRAG says is that civil servants make decisions on vetting and clearance. But no law stops civil servants sensibly flagging UK security vetting recommendations, while rightly protecting detailed sensitive vetting information, to allow ministers to make judgments on appointments or on explaining matters to parliament. Continue reading...

Boy, 17, and man, 19, detained as Met says it is investigating claims a series of antisemitic attacks are linked to IranTwo teenagers have been arrested over an arson attack at a synagogue in north-west London over the weekend, the Met police have said.Matt Jukes, the deputy commissioner of the Metropolitan police, said a 17-year-old boy and 19-year-old man had been detained, as he confirmed officers were investigating claims a series of antisemitic attacks in the UK were linked to Iranian-backed proxies. Continue reading...

Wilson denies allegations made by Charlotte MacInnes, who she claims told her about uncomfortable situation with producerFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRebel Wilson has been accused in court of hiring a private investigator and having false information published online in order to paint another actor as a “money grabbing opportunist” who withdrew a sexual harassment allegation for financial gain.But lawyers for Wilson insist that the harassment complaint was only withdrawn when Charlotte MacInnes – the star of her film, The Deb – decided to support the woman who had allegedly harassed her. Continue reading...

Reviews website features pages praising unlicensed sites’ supposed qualities as if they were legitimate businessesTrustpilot, the reviews website that offers to “find a company you can trust”, is hosting ratings of illegal casinos, raising concerns in Westminster about the potential risks posed to consumers.Unlicensed casino operators linked to financial harm, addiction and even suicide have flooded the UK market in recent years, often targeting people who are trying to limit their gambling by “self-excluding” from licensed operators. Continue reading...

Douglas Alexander says lessons need to be learned but he expects Keir Starmer will continue as PMIt was a mistake to announce Peter Mandelson as the UK’s ambassador to the US before he was security vetted for the role, one of Keir Starmer’s senior ministers has said before the prime minister’s statement to MPs about the scandal.With Starmer aiming to explain to the Commons on Monday afternoon why he did not know the Foreign Office had overruled a decision to refuse Mandelson vetting, some senior government figures believe the coming week could decide whether or not he remains in No 10. Continue reading...

Former president looks likely to take power following eighth election in five yearsBulgarian ex-president Rumen Radev – an EU critic who has called for renewing ties with Russia – on Sunday hailed a “victory of hope” after his formation topped the eighth parliamentary elections in five years.Projections from polling agencies put his Progressive Bulgaria (PB) grouping at 44%, which would give him an absolute majority of at least 129 seats in the 240-seat parliament. Continue reading...

Office for Students plans new complaints system as Bridget Phillipson says academics too often are being silencedUniversities in England that fail to protect free speech could face fines of £500,000 or 2% of their income, and in some cases risk losing public funding, under a new complaints system, the government has said.The Office for Students (OfS) will run a “first-of-its-kind” scheme from the new academic year allowing university staff, external speakers, and non-student members to raise concerns about providers, the Department for Education (DfE) said. Continue reading...

Heavily indebted UK-listed gambling company says it is discussing possible offer from US group at 50p a shareBusiness live – latest updatesEvoke, the London-listed gambling company that owns William Hill and the 888 online casino brand, is in takeover talks with the US casino operator Bally’s Intralot.The heavily indebted company said in a statement to the stock market that it is in discussions with Bally’s “regarding a possible offer” for the business at 50p a share, almost a third higher than its closing price on Friday and valuing the group at £225m. Continue reading...

In today’s newsletter: As questions mount over transparency and accountability in the ambassadorial appointment process, the political fallout continues to spread across ​Keir Starmer’s government Good morning. Today the prime minister will face parliament in the wake of the Guardian’s exclusive revelation that during the process of appointing Peter Mandelson as ambassador to the US, the former New Labour “prince of darkness” failed UK security vetting – something Keir Starmer says he was not told about.On Friday, Starmer said he was “absolutely furious” and described the situation as “totally unacceptable”. But the episode has once again raised questions about his political judgment, with opposition parties – and some of his own MPs – calling for his resignation.Iran | Tehran is not planning to take part in new talks with the US in Islamabad, Iranian state media reported, as its military accused America of violating a fragile ceasefire by attacking a cargo ship.US news | At least eight children were killed and two adults wounded in a mass shooting in Shreveport, Louisiana. Police said the suspect, who died after a police pursuit, killed seven of his own children and wounded their mother, as well as killing another child.UK politics | Keir Starmer will deliver a high-stakes statement to MPs on Monday setting out how Peter Mandelson was able to take up his role as UK ambassador without the Foreign Office revealing it had overruled the decision to fail his vetting.Protest | Seven people from an activist group calling for higher taxes on the super-rich have been arrested by police on suspicion of conspiracy to steal after a plot to steal from high-end stores was uncovered.Crime | A woman has been arrested on suspicion of attempted murder after a car hit pedestrians in central London in the early hours of yesterday morning. A woman in her 30s was in hospital in a critical condition and a man in his 50s suffered life-changing injuries. Continue reading...

Band shows montage of leaders whose death or ousting the CIA has been proven or suspected to have been part ofUS band the Strokes have used their Coachella set to make a stark political statement against America’s history of foreign intervention and war in other countries, including Iran and Palestine.At the end of their set at the second weekend of the California music festival, the band performed their 2016 song Oblivius in front of giant LED screens that showed a montage of world leaders whose death or ousting the CIA has either been a proven or suspected party in, as lead singer Julian Casablancas sang the lyrics: “What side you standing on?” Continue reading...

Newspaper broke embargo on confidential briefing note about the royal couple’s movements five days before they arrived in Melbourne for their Australia visitThe Daily Mail’s “aggressive” approach to reporting on Prince Harry and Meghan’s Australian visit has “irreparably damaged” the Sussexes’ ability to brief press ahead of trips, Guardian Australia has been told.The Daily Mail broke the embargo by publishing the royal couple’s movements five days before they landed in Melbourne, despite that information being strictly non-publishable until they arrived. Continue reading...