7pm ThinkTankCentral: One-third of all welfare payments go to families with above average incomes

6.30pm LeftWatch: Who was Labour's worst minister?

Screen shot 2010-06-16 at 18.02.096pm WATCH: George Osborne tells Commons that he will put Bank of England back in charge of financial regulation

3.15pm ToryDiary: CCHQ needs a policy unit

1.30pm WATCH: Nigel Farage returns to European Parliament to say that (unlike him) the €uro isn't going to get better

1pm Paul Goodman on CentreRight: The English aren't Irish, and the Irish aren't English, expect when both are

12.45pm Neil O'Brien on CentreRight: Britain is saving £6.6bn on interest payments because the Coalition decided to act NOW on excessive spending

Screen shot 2010-06-16 at 12.14.4912.30pm ToryDiary: Cameron promises to look at early introduction of NHS Cancer Drugs Fund, during PMQs

11.45am Alex Deane on CentreRight: You can't be too careful…

10am Patrick Nolan on CentreRight: Eliminate the deficit in one parliament

ToryDiary: Tebbit wants Brighton bombing inquiry

Lucy Parsons of Reform on ThinkTankCentral: The Coalition is planning to raise harmful taxes in order to cut poorly-targeted taxes

Cameron & Obama Dominic Raab MP on Platform attacks President Obama for taking Britain for granted and calls on David Cameron to pursue other relationships as part of a truly global foreign policy

WATCH: Barack Obama gives TV address to America over BP oil spill

Local government:

Bank tax may be bigger because of pressure on Osborne for modest changes to CGT

"George Osborne will use the chancellor’s annual Mansion House speech to warn big banks that they will have to pay for the damage they inflicted on the British economy and could be broken up. Mr Osborne will confirm his plans to introduce a bank levy and faces pressure from his Liberal Democrat partners in the coalition to raise a substantial amount from the tax in next week’s Budget… When in opposition, Mr Osborne said the levy would raise more than £1bn but if they imposed a tax similar to the one in the US it would raise about £5bn. Mr Cable proposed a levy of £2bn rising to about £3bn." – FT

Allister Heath of City AM on the Chancellor's task: "He needs to convey a positive, pro-growth, pro-enterprise message: he claims that Britain is once again open to business – yet his flagship proposal this evening will be yet another tax, to be followed next week by an even more damaging announcement on capital gains."

George Osborne to outline plans to restore Bank of England as chief regulator

"George Osborne will use his first Mansion House speech as Chancellor tonight to outline the new regulatory framework for the City of London. The Chancellor — who is to address Britain’s leading bankers, brokers and insurers — will outline how the Government intends to restore the Bank of England’s role as chief City regulator." – Times (£)

HAMMOND PHILIP Philip Hammond ready to exempt Crossrail from budget cuts
Times (£)

Tesco has warned against raising VAT, saying it would damage the "fragile" economy – Telegraph

The largest public sector workers' union is calling on its 1.3m members to join resistance to government cuts – BBC

Lord Baker ready to turn failing schools into a new generation of City Technology Colleges

"Plans to take over 20 failing schools and turn them into new technology colleges for 14 to 19-year-olds were unveiled by the former Education Secretary Kenneth Baker yesterday." – Independent

Sir George Young celebrates Coalition's establishment of backbench business committee

Young George "Yesterday, however, the government made good its commitment in the coalition agreement to bring forward the establishment of a backbench business committee, which will give backbenchers the time and the power to schedule debates on the issues that matter to them and their constituents. As the Wright report said, the new committee "will create new opportunities for all members, giving them a greater sense of ownership and responsibility for what goes on in their own house"." – Sir George Young in The Guardian

John Redwood welcomes the reforms to the Commons: Sometimes things DO get better

Lynne Featherstone undermines vetting message of her boss, Theresa MayDaily Mail

Plans to give rape defendants anonymity in chaos after Ken Clarke offers MPs free voteDaily Mail

Lord Young should examine Britain's crazy compensation culture – Ann Widdecombe in The Express

BNP leader invited to Buckingham Palace garden party

"Nick Griffin, the leader of the British National Party, has secured an invitation to a garden party at Buckingham Palace. The far-right politician intends to take three members of his family to the event on 22 July in his capacity as an MEP for the North West. Last year Mr Griffin withdrew from a similar event because he said he did not want to embarrass the Queen." – Independent

Bournemouth Tory councillor under pressure to resign after sending 'racist' jokes by textThisIsDorset

Miliband brothers clash over Iraq war during Newsnight election hustings

MILIBAND DAVID "Ed Miliband told the studio audience of lost Labour voters at BBC2's Newsnight hustings that the broader lesson he drew from Iraq was that war should always be the last resort, to which his brother David Miliband, the shadow foreign secretary, said: "The idea that anyone on this panel doesn't think that war is the last resort doesn't do justice the substance of this issue."" – Guardian

MPs' expenses watchdog agrees to be more flexibleBBC

Rightwing living legends are thin on the ground, and their shared gender makes the Palin-Thatcher meeting a marketing dream – Martin Kettle in The Guardian

And finally… Cameron is the seventh best celebrity dad in Britain…

The Prime Minister is one ahead of Johnny Depp and one behind Chris Martin – Mother & Baby magazine


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