Andy Burnham and his Chancellor John Healey are committed to offering a new first-time buyer ISA to savers who want to get on the property ladder, The i Paper has been told.
The Treasury is set to press ahead with Rachel Reeves’s plan to introduce a new savings account specifically aimed at helping people to buy their first home.
Officials are still looking at a “new and improved product” to replace the existing Lifetime ISA (LISA) , a Treasury spokesman confirmed.
The new ISA would pay a Government bonus when a buyer purchases their first property, with no withdrawal penalties for using the money for alternative means and no upper age limit for opening or saving into an account.
Currently, the LISA allows people to save up to £4,000 a year and receive a 25 per cent top-up from the Government annually, with savers only able to withdraw the money to buy their first home or for retirement when they reach age 60.

‘No bailout’ for Jaguar Land Rover amid job cut reports
The Government is facing calls to “mitigate” thousands of job losses, but “challenging” business conditions mean manufacturers will continue to struggle.
JLR to cut as many as 4,000 jobs
Business Secretary Jonathan Reynolds will meet with the leadership team of Jaguar Land Rover (JLR) this week after it emerged that Britain’s largest car manufacturer is set to .


The cuts are largely expected to impact office roles, with the majority of job losses affecting its UK operations, where around 34,000 staff in total are based (compared to just under 10,000 overseas employees).
The Government’s response
We understand that this will be an uncertain and concerning time for affected workers, their families and wider communities.
Reynolds said he will aim to “mitigate any job losses” in meetings with JLR leadership. However, when asked by the BBC on Sunday whether there could be financial support to protect jobs, the Business Secretary replied: “Not if it’s to bail people out.”

Hundreds protest Portsmouth ‘mega-dinghy’ – what we know
Hundreds of protesters clashed with police in Portsmouth after migrants from a “mega-dinghy” were brought ashore by lifeboats.
Here’s what we know.

What happened?

Protesters gather
Hundreds gathered in Portsmouth on Sunday night to protest the arrival of migrants from a small boat.
What sparked it?
Around 140 migrants were brought to shore in Hampshire after travelling to the UK on a single “mega-dinghy”.


What did they do?
Crowds tried to stop the migrants being taken to an asylum processing centre in Kent.
Investigation launched
- About 200 demonstrators who gathered were on Monday, police said.
- A handful of police offers were treated for injuries at the scene, Hampshire and Isle of Wight Constabulary said.
- Several police, coastguard and border force vehicles were also damaged.
- An investigation to identify offenders responsible for any officer assaults, criminal damage or other criminal offences has been launched.
‘Closest I’ve been to an insurrection’
Portsmouth resident Sue Dewey, who watched the scenes unfold from her balcony, said: “It was a very surreal night, that was the closest I’ve ever been to an insurrection.”


Asked if she is worried similar incidents will happen again, she replied: “Yes, we are worried it’s going to happen again… the ferry had to be stopped, lots of things had to be stopped because of it yesterday.
Watch: Protesters clash with police
Who is behind the protests?
Some of the demonstrators at Portsmouth were dressed in all black and wore face masks, similar to those who joined an anti-migrant protest which blocked the Port of Dover on Saturday.
Daniel Thomas, a former bodyguard for far-right activist Tommy Robinson, who has claimed credit for the Dover protest, live-streamed himself at the Portsmouth protest.
- Treasury Chief Secretary Emma Reynolds called the protestors’ behaviour in Portsmouth and Dover “thuggish and intimidating”.
- Reform UK leader Nigel Farage said: “This is a serious situation, it’s about to get significantly worse.
- He added: “The government needs to act, I suspect it won’t. But remember, peaceful protests good, uniforms and masks bad.”
‘Significant issue’ to come?
- In the wake of the protests, police warned that ministers will have a “significant issue” if people traffickers shift their routes further west of Dover.
- Places like Portsmouth along the hundreds of miles of England’s south coast are “not set up” for the arrival of migrants, Hampshire and Isle of Wight police and crime commissioner Donna Jones said.
- “My concern, as a police and crime commissioner, is that we don’t have this repeated,” she added.

The political “mood board” at the Reform UK conference over the weekend ranged from gloomiest black to the teal-suited larkiness of Nigel Farage. Yet the UK’s biggest political figure laced his gutsy “I will survive” message with a bleaker one about his family wishing he would quit frontline politics.
What challenges is Farage facing?

The Reform leader has faced heavy scrutiny for an undisclosed £5m “personal gift” he received in 2024.
Farage’s senior adviser, George Cottrell, is a convicted felon.


Now, the party is under the lens again after a documentary appeared to show Reform officials discussing donations from foreign financiers.
Challenges within Reform
- 1 – Farage says his family “begged” him to quit politics following the murder of Reform member Ann Widdecombe.
- 2Lack of professionalism – Farage spoke of Reform’s lack of professionalism after the sting and admitted he “wasn’t listening” carefully.
- 3Party infighting – Reform’s home affairs spokesman, Zia Yusuf, is frequently at odds with treasury spokesperson Robert Jenrick on issues like the details of how migrant deportations would work.
Reform’s future
The most likely outcome is that Farage, still the stardust of Reform, however tainted by the slew of funding scandals, will be the candidate at the next election in a do-or-die moment.
Even so, senior Reform figures can, however, calculate odds – and whether it is Tice, whose friends describe him as “always on standby” if a new leader is needed, Jenrick, whose old Tory frenemies joke he wakes up every day with the mantra “I will become leader…” or Yusuf, the man whose diehard views could pave the way to a rapprochement with Restore Britain, this party is in search mode for what follows the Nigel era.


Go deeper on this topic
Farage rivals begin to circle after Reform’s nightmare week

The i Paper
For now, Farage, who was given a hero’s welcome by activists at this year’s annual conference, remains firmly in control. But the man long viewed as politically untouchable is looking more vulnerable as the vultures begin to circle.
Watch more from The i Paper

What happened?
In an interview with , Moshiri said she has been diagnosed with an incurable type of blood cancer.


What is polycythaemia vera (PV)

PV thickens the blood by causing bone marrow to continuously produce red blood cells.
What are the risks?
This increases the risk of blood clots, which can cause stroke, heart attack or deep vein thrombosis.


The symptoms
Symptoms can include headaches, confusion, dizziness and blurred vision.
What treatment did she receive?
Her treatment involved a procedure called a , where almost a pint of blood is removed through a vein about twice a month to reduce the red blood cell concentration.
Immunotherapy treatment reduced the frequency of Moshiri’s venesections but initially came with “horrendous” side effects including insomnia, headaches and itching.

Working through treatment
I was working 14-hour days, constantly on air, constantly having to think on my feet
Moshiri worked throughout her treatment, including leading the BBC’s coverage of the death of Pope Francis from Rome.

She said that although “adjusting to a different life” is challenging, a future “punctuated by hospital appointments and loads of medication” to deal with the disease is better than the alternative.

How UK’s first ‘super-university’ can tackle Neets crisis
The head of the UK’s first “super-university” has said that merging two universities can help reduce the number of people not in employment, education or training (Neet).
A new ‘super-university’

What is it?
The newly formed London and South East University Group (Lase) is now the third largest university in the UK.
How big is it?
It contains over 50,000 students across four campuses in London, Medway and Kent.


Which universities merged?
The universities of Kent and Greenwich legally merged to form Lase last month.
What is the Neets crisis?
- 1In April to June, an estimated 981,000 people aged 16-24 in the UK were classed as Neets.
- 2This represented a fall of 30,000 compared with the first quarter of the year.
- 3However, the figure is still 30,000 higher than a year ago, according to the Office for National Statistics.
The role of ‘super-unis’
It’s a real opportunity for us address the very people that the Government’s worried about
Lase chief executive Professor Jane Harrington said the merger will help the universities deal with growing operational costs and provide more accessible learning pathways to better address the needs of the regions in a way they could not on their own.

How will Lase work?
- Kent and Greenwich universities will still operate as distinct academic entities within the group.
- They retain their current names and students still apply to and graduate from the institution they choose.
- The group will now be able to offer subjects that they could not before when they were separate entities.
- Students will also be able to use libraries and access wellbeing services across campuses.
What strain are universities facing?
Higher education providers in the UK have been facing increasing financial pressures, with MPs on the Education Committee warning earlier this year that there is a “real risk” a university in England could close due to insolvency for the first time.


The Office for Students told the committee it feared 24 providers were at risk of becoming insolvent and closing in the 12 months from November last year.
More ‘super-universities’ to come?
Lase is writing up a “blueprint” for the Department for Education to work as a “model” for a group structure which other universities would be able to use.
In May, King’s College London and Bedford-based Cranfield University announced plans to merge in August 2027.
Watch more from The i Paper
EES checks resume – three ways to avoid border delays
A loophole allowing countries to pause the EU’s new border checks has ended, sparking concern that the travel chaos reported earlier in the summer may return.

EES border checks set to resume
EU border checks are set to start again in full force from Monday, 7 September, as member states’ rights to waive Entry/Exit System (EES) checks during times of maximum stress comes to an end.


While EES is unavoidable, and there is no way to skip the queue entirely, there are some ways to alleviate the stress of border check delays.
What is the EES?
- EES requires British passport holders and other third-country nationals to register biometric data when entering or exiting the Schengen area.
- Applying to 29 countries across Europe, excluding Ireland and Cyprus, the system caused has widespread delays since its introduction in April.
- Until now, the registration could be temporarily suspended by border officials when queues were too long to manage.
- But despite objections from some member states, this loophole has now expired, leaving holidaymakers facing the possibility of more significant delays.
How can you avoid delays
- 1Travel outside peak times – even the busiest airports, like Palma and Lisbon, were quieter later in the summer.
- 2Skip duty free – going straight to the border control desk will allow you to see how busy it is.
- 3Pre-register for Sweden and Portugal – currently applying only to Sweden and Portugal, the Travel to Europe app allows users to pre-register, reducing the information needed at border control to just fingerprint scans.
Go to passport control ASAP
A spokesperson for Abta, a UK travel agent trade association, recommended passengers go to passport control as soon as possible after getting through security.
It follows reports earlier this summer of long delays and some flights setting off while several passengers were still in the long border control queues.
It has attracted criticism as savers can only open one if they are under 40, must stop paying in at 50, and face a 25 per cent penalty on withdrawals if the money is not used for a first home or retirement.
In one of her last acts as Chancellor at the end of June, Reeves unveiled a consultation on plans for the First Time Buyer ISA, which closed last month.
Asked by The i Paper whether the Government remained committed to creating the new savings account, a Treasury spokesman said: “We recognise that the Lifetime ISA is not working for everyone, particularly when people’s circumstances change.
“That is why we have consulted on a new and improved product, specifically designed to support first-time buyers and without penalty for withdrawals.”
Key aspects of the First Time Buyer ISA remain unclear, such as what the annual savings limit will be and the value of the bonus which the Government will add to savings. The price cap on properties has also not been specified – the LISA has a £450,000 cap, which means that some first time buyers in the most expensive parts of the country are unable to use it.
The consultation said this information would be announced “at a future fiscal event”, meaning it could be revealed at the Budget on 28 October.
Some experts have argued that delaying the bonus, rather than offering the top-up annually, does not create a visible reward that encourages positive saving habits. Savers would also miss out on compounding, meaning they may have to pay into their account for longer to reach the same level of deposit.
Nevertheless, with the Lloyds house price index showing a fall in prices in the 12 months to August, and fixed mortgage rates already on the rise amid turbulence in the bond market, the new ISA could be framed by Healey as a way of both providing a shot in the arm of the property market and helping people who want to get on the housing ladder.
In his first big speech as Chancellor on Monday, Healey tried to send a message of reassurance to the markets, acknowledging that Britain’s “borrowing costs are at historic highs” and promising that he and Burnham “are in lockstep in our commitment to meeting the fiscal rules at the upcoming Budget”.
He also said that it was a “moral” and “fiscal” duty get young people off welfare and into work.
Taking questions from journalists after his speech, Healey refused to rule out tax rises in the Budget. “If I respond to speculation now, that only fuels more speculation,” he said.
It follows warnings from economists that higher inflation and borrowing costs in the wake of the war in the Middle East have slashed Healey’s “headroom” – the spare money which the Government holds against its fiscal rules on borrowing – potentially requiring new tax increases or spending cuts.










