Here are 5 important things happening in the UK today, 2 September 2025.
- Starmer freezes out Reeves: Keir Starmer has reset his Government in a move which undermines Rachel Reeves’s authority, Labour sources report. The Prime Minister began the first day back in Parliament after summer recess by announcing he had brought in three economic experts to oversee the Chancellor ahead of October’s make-or-break Budget. [Telegraph]
- A quarter of schools in England lack a physics teacher: A quarter of state secondary schools in England will start the new term with no dedicated physics teacher, with schools in poorer areas worst affected, analysis has found. The lack of specialists means more than half (58%) of pupils studying for a science GCSE will have the physics component taught by a teacher who has not studied a physics-related subject beyond the age of 18. [Guardian]
- Nurseries put up fees to cover the cost of free childcare expansion: Parents will struggle to get access to free childcare in parts of Britain as nurseries respond to a funding shortfall by charging higher fees to avoid closure, industry leaders have warned. On Monday, working parents of children aged nine months to four years became eligible for 30 hours a week of government-funded childcare during term time. [Times]
- Reform UK pushes for an end to council pension fund fees: Reform UK has called for the sprawling Local Government Pension Scheme to reduce the “egregious” fees it pays fund managers by moving assets into low-cost global equity index and bond trackers. Richard Tice, deputy leader of the right-wing populist party, claimed on Monday that local authorities in England and Wales were paying at least £1 billion more than they should in fees to fund managers. [Financial Times]
- On Tuesday, Oil was trading lower at $67.83. The pound is trading at $1.35, €1.16, and ¥9.65.
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