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Boris Johnson’s chaotic time in office exposed weaknesses in the UK’s political system that have damaged public trust and the country’s international reputation, a major review has found.

A report by the Institute for Government (IfG) called for urgent reform following a tumultuous period which has seen MPs test or break constitutional principles – including the former prime minister.

It said the UK constitution – which refers to the rules and laws that establish and underpin a political system – was an outlier on the world stage because it lacked “a central, codified source” and rested on the concept of parliamentary sovereignty.

This means there has been a historic reliance on “self-restraint from political actors rather than legal checks”.

However recent events have shown the willingness of MPs to push those boundaries, raising questions about the adequacy of checks and balances to “constrain political power”, the report said.

It cited the “misdemeanours” of Mr Johnson as an example of how the effectiveness of current arrangements are vulnerable to being tested.

The report, co-authored by Cambridge University’s Bennett Institute for Public Policy, said: “Boris Johnson’s attempt to prorogue parliament, disregard for the Ministerial Code, willingness to break the law while in office and misleading of parliament were all examples of a prime minister who, in the words of his cabinet secretary, believed he had ‘a mandate to test established boundaries’.

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“Not all of his misdemeanours were unprecedented; but his premiership shone a light on existing problems within the UK’s governing arrangements, and heightened the concern that there has been a steady erosion of the tacit norms on which government in the UK rests.”

The 18-month review was supported by an advisory board including former Conservative ministers Sir Robert Buckland and Sir David Lidington, shadow leader of the House of Lords Baroness Smith of Basildon and former Labour Mayor of Liverpool Joanna Anderson.

It said that within the wider global context of “deepening public suspicion of governmental institutions and heightened political polarisation”, events over the last decade “have placed the UK’s constitution under immense strain, underlining the urgent need for serious thinking about the nature and trajectory of the UK’s constitution”.

UK ‘facing crisis in institutions’

The report says: “The UK is facing a crisis in trust in politics and political institutions.

“Recent political instability has undermined the UK’s reputation as a stable democracy, damaging its international reputation and, as a consequence, its economic prospects.”

As a key example of the need for change, the report cites ministers’ previous willingness to override international law over the implementation of the Northern Ireland protocol.

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Despite senior civil servants resigning, interventions from former prime ministers and concerns expressed by the international community, the legislation passed the House of Commons in just over a month, with not a single rebellion from the Conservative backbenches.

A series of recommendations for change include establishing a new parliamentary committee on the constitution, which should have the power to delay legislation.

The review also said parliament should have a more extensive scrutiny process for new constitutional bills to ensure proposals are “thoroughly tested and attract cross-party support”, alongside clarification on the role of the civil service and strengthening its capacity to give constitutional advice.

Integrating public engagement through citizens’ juries and assemblies was also recommended.

Director of the IfG Hannah White said: “Our recommendations are intended to ensure that any politician considering changing the UK constitution is supported with robust advice, and to ensure that the UK constitution is changed only with appropriate consideration and public support.”

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UK sanctions Kyrgyz banks, $9.3B crypto network tied to Russia

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UK sanctions Kyrgyz banks, .3B crypto network tied to Russia

UK sanctions Kyrgyz banks, .3B crypto network tied to Russia

The UK sanctioned Kyrgyz banks, crypto exchanges and individuals tied to Russia’s ruble-backed stablecoin.

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Gemini receives MiCA license in Malta after May derivatives approval

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Gemini receives MiCA license in Malta after May derivatives approval

Gemini receives MiCA license in Malta after May derivatives approval

The Winklevoss twins-owned Gemini exchange continues its expansion in Europe, securing a Markets in Crypto-Assets Regulation license in Malta.

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Surprise good news as government borrowing less than forecast

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Surprise good news as government borrowing less than forecast

The government borrowed the least amount of money in three years last month, official figures showed, in a surprise bout of good news for Chancellor Rachel Reeves.

Not since July 2021, in the midst of the COVID-19 pandemic, was state borrowing so low, according to data from the Office for National Statistics (ONS).

Increases in tax and national insurance receipts meant public sector net borrowing was £1.1bn in July, meaning there was a £1.1bn gap between government spending and income.

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That borrowing is less than half the figure (£2.6bn) expected by economists polled by the Reuters news agency, as self-assessed income tax was £600m higher than expected.

But borrowing was still £6bn higher in the first four months of the financial year, which started in April, than the same period in 2024.

Despite a £2.3bn drop in monthly borrowing when July 2025 is compared with July 2024, the state still spent more on the cost of that lending.

The amount of interest paid on government debt was £7.1bn, £200m more than a year earlier.

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The cost of government borrowing has increased in recent months as the interest rate investors demand on loans issued to the UK (bonds) rose.

At the start of the week, the government’s long-term borrowing cost, as measured by the interest rate on 30-year bonds (known as the gilt yield), closed at the highest level since 1998.

What does it mean for the chancellor?

The monthly borrowing data is in line with the predictions made by independent forecasters, the Office for Budget Responsibility (OBR).

It may not be as rosy a picture, however, as research firm Capital Economics point out the cumulative budget deficit, rather than a monthly figure, is £5.7bn above the OBR’s forecast.

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Are taxes going to rise?

This matters for the chancellor’s self-imposed fiscal rules, to bring down government debt and balance the budget by 2030, the firm said.

“The chancellor will probably need to raise taxes by £17bn to £27bn at the budget later this year,” Capital Economics’ UK economist Alex Kerr said.

Elevated self-assessment income tax receipts “may just reflect the timing of tax returns being recorded, and receipts in August may be weaker than expected”, he added.

Responding to the figures, Ms Reeves’s deputy, chief secretary to the Treasury, Darren Jones, said: “Far too much taxpayer money is spent on interest payments for the longstanding national debt.

“That’s why we’re driving down government borrowing over the course of the parliament – so working people don’t have to foot the bill and we can invest in better schools, hospitals, and services for working families.”

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