New first-time buyer ISA on the way

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.

File photo dated 02/03/11 of a general view of the Jaguar Land Rover Halewood Operations Plant, Halewood, Liverpool. The carmaker has announced it will extend its pause in production until October 1 as it recovers from a cyber attack. Issue date: Tuesday September 23, 2025. PA Photo. Photo credit should read: Dave Thompson/PA Wire

‘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 .

EMBARGOED TO 0001 TUESDAY JUNE 15 Undated Jaguar Land Rover handout photo of a prototype hydrogen fuel cell electric vehicle (FCEV) based on New Land Rover Defender, Jaguar Land Rover is developing, with testing scheduled to begin this year. Issue date: Tuesday June 15, 2021.
Vehicles are seen for sale at a Land Rover dealership in Houston, Texas, on April 7, 2025. UK luxury car manufacturer Jaguar Land Rover said on April 5 that it will "pause" shipments to the United States in April as it addressed "the new trading terms" created by Washington's tariffs. (Photo by RONALDO SCHEMIDT / AFP) (Photo by RONALDO SCHEMIDT/AFP via Getty Images)

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).

Aiming to save £1.7bn

  • Job losses will be spread over the coming two years, JLR said, as part of efforts to save about £1.7bn.
  • There will be a voluntary redundancy programme for salaried and management teams.

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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.”

Newly appointed Business Secretary Jonathan Reynolds leaving number 10 Downing Street, London, where new Prime Minister Andy Burnham is appointing his new Cabinet. Picture date: Monday July 20, 2026. PA Photo. Photo credit should read: Yui Mok/PA Wire

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.

Discarded life jackets at Eastney Point, near Eastney Beach, Portsmouth, following a protest last night after people thought to be migrants were brought into the harbour. Picture date: Monday September 7, 2026. PA Photo. Photo credit should read: Joe Sene/PA Wire

What happened?

Police officers at the scene near Eastney Beach, Portsmouth, where hundreds of protesters have gathered, after a small boat thought to be containing asylum seekers and heading towards the coast sparked a major response with a helicopter, aeroplane and lifeboats sent to the scene. Picture date: Sunday September 6, 2026. PA Photo. The boat's occupants have been brought to shore in the maritime city, where it is understood they will be processed as is routine for small boats. Photo credit should read: Jamie Lashmar/PA Wire

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”.

Police officers pass a pile of discarded life jackets at Eastney Point, near Eastney Beach, Portsmouth, following a protest last night after people thought to be migrants were brought into the harbour. Picture date: Monday September 7, 2026. PA Photo. Photo credit should read: Joe Sene/PA Wire
Police officers at Eastney Point, near Eastney Beach, Portsmouth, following a protest last night after people thought to be migrants were brought into the harbour. Picture date: Monday September 7, 2026. PA Photo. Photo credit should read: Joe Sene/PA Wire

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.”

Screen grab taken from video dated 06/09/26 of police speaking to protesters in the water at Eastney near Portsmouth, after the operation to rescue around 140 migrants who were brought into the harbour at Portsmouth in Hampshire. Masked demonstrators blocked the road leading away from the RNLI Portsmouth Lifeboat Station at Eastney Marina. Issue date: Monday September 7, 2026. PA Photo. Photo credit should read: Barry Williams/PA Wire NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
A damaged police car with a smashed windscreen at Eastney Point, near Eastney Beach in Portsmouth, following a protest last night after people thought to be migrants were brought into the harbour. Picture date: Monday September 7, 2026. PA Photo. Photo credit should read: Joe Sene/PA Wire

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.

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  • 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.”

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‘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.

Why Reform are fighting to replace Farage

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?

Reform UK Leader Nigel Farage delivers a speech at the end of the second day of the annual Reform UK party conference at the NEC in Birmingham, central England on September 4, 2026. (Photo by Oli SCARFF / AFP via Getty Images)

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.

Britain's Brexit Party leader Nigel Farage, accompanied by George Cottrell (2R), drinks a beer on the sidelines of a European Parliament plenary session in Brussels on January 29, 2020, as Brexit Day is to be set in stone when the European Parliament casts a vote ratifying the terms of Britain's divorce deal from the EU. (Photo by JOHN THYS / AFP via Getty Images)
(FILES) Reform UK party leader Nigel Farage (C), talks with Dan Jukes (centre L), as he visits the area where two men were stabbed the day before, in the Golders Green neighbourhood of north London, on April 30, 2026. Two senior officials resigned from Nigel Farage's hard-right Reform UK on September 4, 2026, as the scandal-hit party was reported to the police over fresh allegations it flouted donations rules. Farage's long-term aide Dan Jukes and Reform's head of policy James Orr stepped down, the party said, adding that it had launched a probe into the allegations revealed in an undercover investigation by Channel 4 News. (Photo by CARLOS JASSO / AFP via Getty Images)

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.

Britain's Reform UK party leader Nigel Farage gestures during an interview with TV host Jeremy Kyle on the sidelines of the Reform UK's annual party conference in Birmingham, Britain, September 5, 2026. REUTERS/Isabel Infantes

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

LONDON, ENGLAND - FEBRUARY 19: Maryam Moshiri reporting outside Buckingham Palace on February 19, 2026 in London, England. Andrew Mountbatten-Windsor has been arrested on suspicion of misconduct in public office, following police investigation into the recently release Epstein files. The former prince continues to deny any wrongdoing. (Photo by Simon Ackerman/Getty Images)

What happened?

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

EMBARGOED TO 0001 MONDAY DECEMBER 13 Undated handout file photo issued by NHS Blood and Transplant (NHSBT) of a blood bag. Hospitals in Scotland have recorded the smallest yearly number of registered blood donors this century, prompting a call for people to give blood. In the last year, active blood donors in Scotland fell from more than 105,000 to fewer than 92,000, according to figures released by NHS Scotland. Issue date: Monday December 13, 2021. PA Photo. The Scottish National Blood Transfusion Service is calling for new donors, or those who have not given blood for a while, to come forward over the festive period to boost donor numbers. See PA story SCOTLAND Blood. Photo credit should read: NHS Blood and Transplant/PA Wire NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
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What is polycythaemia vera (PV)

Plaque inside an artery

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.

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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.

EMBARGOED TO 0001 WEDNESDAY MAY 1 File photo dated 05/06/2020 of a paramedic holding a test tube containing a blood sample. Methods of screening men for prostate cancer are set to be trialled in a bid to save thousands of lives in the UK each year. The ?42 million project, known as Transform, has been hailed as "a pivotal moment in the history of prostate cancer research" by experts. It is also hoped the research will help men avoid harm from potentially unnecessary biopsies and treatment. Issue date: Wednesday May 1, 2024. PA Photo. See PA story HEALTH Prostate. Photo credit should read: Simon Dawson/PA Wire

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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.

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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.

EMBARGOED TO 0001 WEDNESDAY FEBRUARY 26 File photo dated 12/10/11 of university graduates. At least 10 graduates are owed more than ?15,000 after overpaying their student loans - with one owed nearly ?50,000 by the Student Loans Company. Issue date: Wednesday February 26, 2025. PA Photo. Some former students in England overpaid on their loans more than five years ago and they still have not claimed their refunds, according to Student Loans Company (SLC) data. See PA story EDUCATION Loans. Photo credit should read: Chris Radburn/PA Wire

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’

Students sitting at their desk in classroom at 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.

Young woman studying on laptop in university library with others students - stock photo
A Thames Clipper river boat passes the Old Royal Naval College in Greenwich (Photo: coldsnowstorm/Getty Images)

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.

Education, laptop and typing with student friends in library of university together for learning or study. Computer, development or growth with serious men and women on college campus for scholarship - stock photo

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.

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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.

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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.

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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 booths register fingerprints and facial images (Photo: AFP/Getty)

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.

LONDON, ENGLAND - MARCH 27: An easyJet aeroplane comes in for landing at Gatwick Airport on March 27, 2022 in London, England. Gatwick's South terminal closed in June 2020 to reduce costs during the Coronvirus pandemic when traveller numbers reduced significantly. It has undergone months of refurbishment and re-opens today to meet the expected increased demand for air travel over Easter and the coming summer now that restrictions have been lifted. (Photo by Hollie Adams/Getty Images)
A person uses a EES kiosk during the preview at Kings Cross St Pancras for the Eurostar European Union entry/exit system (EES) before its rollout. From October 12 2025, the new digital border system will change requirements for British citizens travelling to the Schengen area. Picture date: Wednesday September 3, 2025. PA Photo. Photo credit should read: Lucy North/PA Wire

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.

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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.

Original source New first-time buyer ISA on the way

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