Summary

  • MPs back George Osborne's fiscal charter by a majority of 62 following a heated Commons debate

  • As many as 20 Labour MPs defy the party leadership by abstaining rather than opposing the plans

  • Speaking in the Commons, shadow chancellor John McDonnell admits his u-turn on the issue was "embarrassing"

  • David Cameron faces Jeremy Corbyn for second time at Prime Minister's Questions

  • The two clash over tax credits and affordable housing

  1. MPs: no special protectionpublished at 10:41

    BBC's Norman Smith adds 

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  2. 'Wilson doctrine' not enforceablepublished at 10:40

    The ruling by the Investigatory Powers Tribunal appears to blow apart the "Wilson doctrine' - a convention set up by Labour PM Harold Wilson nearly 50 years ago to prevent British spies bugging MPs.

    The Tribunal states that the Wilson doctrine “has no legal effect” and is merely “a political statement in a political context, encompassing the ambiguity that is sometimes to be found in political statements”.

    This potentially means that there is no enforceable protection in law for constituents and whistleblowers who want to communicate confidentially with MPs, lawyers say.

    The judgement follows a legal complaint made by Caroline Lucas MP, Green Party MP, and Baroness Jones of Moulsecoomb, a member of the House of Lords, as a result of Edward Snowden's revelations.

  3. Business group hails jobs figurespublished at 10:40

    The Institute of Directors has said today’s jobs and wages figures - showing employment at an all-time high, and unemployment falling to 5.4%, wages rising at 3% year-on-year and youth unemployment also continuing to decline are testament to the way British businesses and employees dealt with the downturn and recovery.

    James Sproule, chief economist at the Institute of Directors, said:

    Quote Message

    Another month of impressive jobs figures and strong wage growth show that the business-led recovery is well on track. Despite uncertainties at home and abroad, employers have continued to create jobs, raise productivity and boost pay in a vote of confidence in the British economy. Employment is up in most sectors and across the country, pay is growing and long-term, short-term, and youth unemployment are all falling. This is a welcome sign of a healthy economy, a strong private sector, and a tightening labour market."

  4. MPs: no special protectionpublished at 10:32

    BBC's Dominic Casciani tweets about the Wilson Doctrine

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  5. Labour's Healey warns of charter 'trap'published at 10:31

    John Healey tells the BBC George Osborne's fiscal charter is a political gimmick and doesn't add up to serious economics.  He says that if Mr Osborne was serious about reducing the deficit he would have done so.  

    The shadow housing minister describes the charter as a political trap.

    He takes the moral high ground, telling a BBC News crew that we expect more of our Chancellor of the Exchequer and promising a serious debate in the Commons, led by Labour.

  6. IDS: 'People feeling better-off'published at 10.10

    Victoria Derbyshire

    Work and Pensions Secretary Iain Duncan Smith hails the latest employment figures, telling BBC News: "People are feeling better-off and more secure in their jobs."

  7. IDS: Charter is not a stuntpublished at 10.10

    Victoria Derbyshire

    Iain Duncan Smith denies George Osborne's fiscal charter is a "political stunt" designed to trip up the Labour Party.

    "There are Labour MPs who know very well this is the right thing to do," he tells BBC News.

  8. Unemployment in Scotlandpublished at 09:55 British Summer Time 14 October 2015

    BBC Scotland's Tim Reid tweets

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  9. Highest employmentpublished at 09:54 British Summer Time 14 October 2015

    BBC home affairs editor tweets...

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  10. Osborne on unemployment figurespublished at 09:54 British Summer Time 14 October 2015

    Chancellor tweets...

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  11. Operation Stackpublished at 09:54 British Summer Time 14 October 2015

    BBC South East political editor tweets

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  12. Operation Stack hearingpublished at 09:47

    The transport select committee is hearing evidence this morning about Operation Stack - the plan to cope with delays and congestion on Kent motorways. BBC Political Editor in the South East, Louise Stewart is following the hearing, here's a taster of the action:

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  13. SNP to vote against fiscal charterpublished at 09:43

    The SNP have restated their position on George Osborne's fiscal charter - they are unequivocally against it.

     Deputy leader Stewart Hosie said Mr Osborne's intention is to "prevent investment in infrastructure projects and it was to make ordinary people in the real world pay the price of these ideological choices".

    Quote Message

    This is austerity of choice not of necessity. It is right-wing Tory ideology and it is wrong.’’

  14. Earnings increasepublished at 09:38

    Average earnings increased by 3% in the year to August, 0.1% up on the previous month. Useful material for David Cameron at Prime Minister's Questions later.

  15. Unemployment fallspublished at 09:35

    Unemployment fell by 79,000 between June and August to 1.7 million, according to official figures.

  16. Channel crossing queues inquirypublished at 09:26

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  17. McDonnell: Policy not in chaospublished at 09:23

    John McDonnell

    Shadow chancellor John McDonnell has admitted he has confused some MPs but insisted Labour's economic policy is not in chaos, He says he will set out where the party stands on George Osborne's fiscal charter later today.  

    He does not believe Labour MPs will follow George Osborne's call to rebel: 

    Quote Message

    That's an Osborne stunt isn't it really, I don't think anyone will rise to it they'll see it for what it's worth - just as another stunt. We're trying to get onto serious economic debate today not those sort of political stunts any more."

    Asked if he had confused his MPs, the shadow chancellor replied:

    Quote Message

    Most probably yes but we'll make it clear today. We've had to change position on a couple of issues but today we'll clarify everything."

  18. Gauke: Labour should support charterpublished at 09:12

    David GaukeImage source, Conservative Party

    David Gauke has rejected suggestions the government's fiscal charter is a political stunt to embarrass Labour. The financial secretary to the Treasury said he would rather the opposition supported the plan:

    Quote Message

    We need to show that in normal years when the economy is growing strongly we can run an overall surplus so we can get debt down, and ensure that we're well prepared for future shocks to our economy."

    He said the charter would "improve accountability" and mean that any chancellor who did not meet the new rules would face "political embarrassment":

    Quote Message

    It's important that we have in place a sound framework for delivering sound public finances and I urge all members of Parliament of whatever party to support this charter so that we can put it in place"

  19. Charter breach penalty?published at 09:10

    BBC assistant political editor tweets...

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  20. Democrat debate verdictpublished at 09:04

    Democrat debateImage source, AP

    Hilllary Clinton was, perhaps not surprisingly, the most polished of the two Democrat frontrunners in last night's TV debate, says the BBC's North America reporter Anthony Zurcher.

    Of Bernie Sanders, he says the "impassioned rhetoric that plays well during his hour-long speeches to tens of thousands of cheering fans seemed somewhat out of place at times in the debate format. His strongest moment may have come in his opening statement, when he laid out the case against Wall Street and the '"billionaire class'."

    Read more.