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John Healey faces questions over budget leak that moved bank share prices

Treasury select committee asks FCA to investigate whether tax surcharge leak led to ‘improper release of inside information’

John Healey is facing pressure to clarify whether he permitted a market-sensitive budget leak ahead of his statement, which moved bank share prices.

The chair of the influential Commons Treasury select committe, Meg Hillier, has written to the Treasury and the Financial Conduct Authority watchdog (FCA) to assess whether a story leaked to Bloomberg, and published more than an hour before the budget was revealed, led to an “improper release of inside information”.

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© Photograph: House of Commons/Reuters

© Photograph: House of Commons/Reuters

© Photograph: House of Commons/Reuters

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Sommet Russie-Afrique : la bataille idéologique de Poutine ?

Quarante-huit pays étaient réunis à Moscou pour le sommet Russie - Afrique, Vladimir Poutine souhaitant montrer que la Russie n'est pas isolée. Pour les dirigeants africains, ce sommet est aussi l'occasion de diversifier leurs partenaires et de défendre leurs intérêts. Mais entre coopération sécuritaire, accès aux ressources minières et promesses d'investissements, l'Afrique risque-t-elle de troquer une dépendance contre une autre ?

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Albanese concedes savings needed as he faces internal Labor pressure on cost-of-living crisis

Prime minister vows not to slash health and education funding amid political problem over handling of economy

Anthony Albanese has ruled out major cuts to health, education and essential services in December’s mid-year budget update, but conceded savings are required as Labor struggles to curb accelerating inflation.

Amid growing pressure from within Labor’s own ranks, as well as from the opposition and business, Albanese said the Coalition was hypocritical in not supporting existing savings proposals, including the government’s plan to reduce the private health insurance rebate for people over 65.

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© Photograph: Lukas Coch/AAP

© Photograph: Lukas Coch/AAP

© Photograph: Lukas Coch/AAP

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