James Forsyth James Forsyth

Brown’s golden touch

Gordon Brown ignored the Bank of England’s advice and sold off half this country’s gold reserves between 1999 and 2002 at an average price of $275 an ounce. Last night, gold reached $870 an ounce in after-hours trading in New York.

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Watch: Reeves in tears after Labour’s welfare U-turn

All is not well on the Labour front benches. As Sir Keir Starmer defends his welfare U-turn in the Commons – after last night an eleventh-hour concession saw the government push back Personal Insurance Payment changes – behind him Chancellor Rachel Reeves is struggling to keep it together. Looking both upset and rather sleep deprived,

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