Summary

  • David Cameron chairs a meeting on Greece, after the country voted to reject the terms of an international bailout

  • Mr Osborne pledges that the government will do "whatever is necessary" to protect the UK's economy against the fallout

  • It is two days until Mr Osborne unveils his first Budget since the general election

  • Culture Secretary John Whittingdale confirms the BBC is to take on the cost of free TV licences for over-75s

  1. Grexit on the cards?published at 12:53 British Summer Time 6 July 2015

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  2. MPs discuss abortion law devolutionpublished at 12:50

    MPs are to debate whether abortion law should be devolved to the Scottish Parliament.

    The change is one of several being proposed to the legislation which will transfer additional powers to Holyrood.

    It will be discussed on the fourth and final day of line-by-line scrutiny of the  Scotland Bill, external  in the House of Commons later.

    It comes amid a growing row over the refusal of UK ministers to support amendments to the bill.

    Here's our story.

  3. 'Hard response'published at 12:41 British Summer Time 6 July 2015

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  4. Tube strike talks resumepublished at 12:40

    Tube strikeImage source, Reuters

    Talks aimed at averting a strike by London Underground staff have resumed. Almost 20,000 workers are due to strike for 24 hours from Wednesday evening - Budget Day - in a dispute over the new all-night Tube services. The Rail, Maritime and Transport union (RMT), Aslef, Transport Salaried Staffs Association and Unite are unhappy over pay being offered for the new service, due to start at weekends from mid-September, as well as rosters. Talks last week ended without any sign of progress and both sides, with both sides meeting again today.

  5. Deal coming?published at 12:31 British Summer Time 6 July 2015

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  6. 'Pride and dignity'published at 12:24 British Summer Time 6 July 2015

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  7. 'Apprehension' of Greek crisispublished at 12:23

    BBC News Channel

    BBC assistant political editor Norman Smith says the comments by the PM's spokeswoman underlines the "apprehension" in government circles about the potential impact the Greek crisis could have here if it spreads into the Eurozone - pointing out that this is where about half of UK exports go.

  8. Deadline met?published at 12:20

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  9. Strike talks break downpublished at 12:15

    Talks aimed at averting a 48-hour strike by workers on First Great Western from Wednesday evening have broken down, the RMT rail union has said.

  10. Contingency planningpublished at 12:10

    Carole Walker
    Political correspondent

    This morning's contingency meeting chaired by the prime minister was attended by the chancellor, business secretary, work and pensions secretary, Europe minister, chancellor of Duchy of Lancaster and the Bank of England governor, with video links to the British ambassador in Athens and Britain's EU representative in Brussels.

    The prime minister's spokeswoman said they discussed a whole range of issues on how people could be affected now and if the situation were to deteriorate further, including the affects on people living or holidaying in Greece, the consequences for the banking and financial sector and other UK businesses.

    The spokeswoman said the ambassador said the situation in Greece was calm, with ATMs dispensing cash and no significant increase in queues. The government's travel advice has been updated and travellers are being urged to check the latest travel advice before they go. The prime minister has also spoken by phone to the Dutch prime minister.  

  11. 'Sustainable solution' neededpublished at 12:04

    Speaking after David Cameron's contingency planning meeting on Greece, the prime minister's spokeswoman said the question of whether Greece should leave the eurozone was "a matter for Greece and the Eurozone" . Pressed on whether Mr Cameron believed Greece should leave the euro, she said: "Greece and the eurozone need to sit down and talk through the implications of the result and find a sustainable solution."

  12. Greece vote: Market reactionpublished at 12:01

    The BBC's business correspondent Ben Thompson says markets haven't reacted in quite the way many would have expected.

    He says the markets are down, but not the sort of losses some were expecting - perhaps because people have factored it in. 

    But he says "markets want certainty" - and the issue of whether Greece will leave the Eurozone or stay will continue to have an impact.

    More here

  13. CBI: Budget must deliver stabilitypublished at 11.54

    Manufacturing plantImage source, PA

    CBI Director-General John Cridland has called on the chancellor to use his first Budget of the new government to provide "stability for companies of all sectors and sizes".

    Among their demands is making the £250,000 Annual Investment Allowance - which allows businesses to invest in new plant and machinery for maximum tax benefits - permanent from 2016.

    Quote Message

    We’re looking for detail on the fiscal rules the chancellor intends to live by and progress on a comprehensive business tax roadmap, to remove complexities and ensure it doesn’t act as barrier to firms with ambitions to scale up."

  14. Leaked memo complaint upheldpublished at 11.45

    Nicola SturgeonImage source, AFP

    The press regulator has upheld a complaint against the Daily Telegraph over a story about a leaked government memo involving First Minister Nicola Sturgeon.

    The article contained details of a private meeting between Ms Sturgeon and the French ambassador, Sylvie Bermann.

    It suggested that, before the general election, Ms Sturgeon wanted David Cameron to remain as prime minister.

    The Independent Press Standards Organisation ruled against the paper, external.

    More here

  15. 'Showbiz for ugly people'published at 11:41

    The Daily Politics

    Francis Boulle

    A website which allows users to rate their MPs as hot - or not - has become the most popular banned website in Parliament, a freedom of information request has shown. Founder Francis Boulle - of Made in Chelsea reality TV fame - says he was "kind of bored and it was a bit of a joke" when he created it. He says he has “no idea” why it's so popular in Parliament, saying “maybe people are motivated to pursue a career in politics perhaps from a vanity perspective”.

    Daily Politics panel

    Labour MP Jo Cox and Conservative Nusrat Ghani both say they haven't heard about the website - but are pleased not to have been on it. Not for long though, they're told, as Mr Boulle reveals that an updated version will be released tomorrow, which will include the 2015 intake of MPs.

    "They do say that politics is showbiz for ugly people,” adds Ms Ghani.

  16. 'End low pay first'published at 11.37

    The Daily Politics

    Labour MP Jo Cox says the Conservatives are "putting cart before horse".

    Quote Message

    I'm massively in favour of attempts to end the scourge of low pay, but you can't cut tax credits for people who really need it before wages rise."

  17. 'Voters wanted welfare cuts'published at 11.34

    The Daily Politics

    Ghani

    Speaking about the anticipated welfare cuts to be announced in George Osborne's budget on Wednesday, Conservative MP for Wealden Nusrat Ghani says: "This is what people voted for. It's absolutely right that we cap welfare". She says it's unfair that working people are earning less than people on benefits. 

  18. Budget cuts 'to hit lower earners'published at 11.28

    The Daily Politics

    Gemma Tetlow, from the Institute of Fiscal Studies, says that after initially seeing tax measures up front that hit highest earners, now we're seeing "much more in terms of welfare cuts and public services, more likely to hit lowest earners".     

  19. Budget cuts: What's coming?published at 11.27

    The Daily Politics

    George Osborne is due to give his budget on Wednesday. What can we expect?

    Sam Coates, journalist at the Times, says Tory MPs have been told to "brace for an eye-watering set of decisions".

    Announcements are likely on welfare cuts and public sector cuts, he says.

    He says Osborne wants to "get out as much bad news as possible" early on: "Maybe 100,000 public sector jobs, maybe £5-10bn out of tax credits."

    Sam Coates and Gemma Tetlow
  20. 'False promise'published at 11.24

    The Daily Politics

    Daily Politics panel

    Commenting on the Greek crisis, Jo Cox, a Labour MP, predicts that the eurozone project will "win the day". She says she understands the 'No' vote but thinks voters were offered "a false promise" by their prime minister, Alexis Tsipras.

    New Conservative MP Nusrat Ghani says the situation in Greece is an "absolute tragedy" for the Greek people who, she says, have been let down by their politicians. They may be dancing in the street but there’s "more misery to come", she adds.