UK gas plants in line for large windfall payments to keep lights on this winter Gas companies can be sent multimillion pound fees to generate electricity when wind and solar power is in short supply
Reviews show Tories wasted billions of pounds on HS2, transport secretary to say Exclusive: Heidi Alexander to reveal overspends due to poor management, badly negotiated contracts and design changes
Trump threatens to keep 25% tariff on UK steel imports over Port Talbot concerns Exclusive: Sources say US wants information on when importing of raw materials from abroad at Port Talbot site will stop
Air India cancels eight international flights as crash inquiry continues Flights involving Boeing Dreamliners cancelled on routes including London, Paris, Vienna and Dubai
Tighter immigration rules could hit UK net zero mission, report warns Half of foreign-born workers in green jobs would not have been allowed in under new rules, thinktank says
Trump claims EU is not offering a fair trade deal; Reeves pitches UK as ‘oasis of stability’; oil climbs as shares fall – as it happened Rolling coverage of the latest economic and financial news
Europe will never return to Russian gas, European Commission insists Body unveils plans to ban all gas imports from Russia by January 2028 – but faces backlash from Hungary, Slovakia and Austria
Ed Miliband says Labour will ‘win fight’ against UK net zero critics Energy secretary speaks at launch of £1bn investment scheme to bolster jobs in offshore wind supply chain
Poundland to shut 68 stores in restructuring that puts 2,000 jobs at risk Online sales to end and two distribution centres to close after chain’s sale to Gordon Brothers for £1
‘I have never seen such open corruption’: Trump’s crypto deals and loosening of rules shock observers After courtship with crypto industry, president now profits immensely from a sector he once said ‘seems like a scam’
Reeves considers softening inheritance tax changes amid non-dom backlash Chancellor is keen to mollify wealthy global investors and attract foreign investment into the UK
‘Vital’ that British steel gets Trump tariff deal after UK-US trade pact, say unions Starmer should secure deal as soon as possible to exempt UK steel from US levies, says Community union
UK bank TSB could be sold off by Spanish owner Sabadell Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA
World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds Two-thirds of the biggest 65 banks increased financing by $162bn from 2023 to 2024, walking back climate promises
AI boom means regulator cannot predict future water shortages in England Datacentres, which do not have to report amount of water used to cool servers, leave Environment Agency with no idea of shortfalls