Northern Rail Project risks repeating costly HS2 failures, MPs warn The £45bn scheme to link cities across north of England with new or upgraded lines has no convincing or properly costed plan, committee says
1 July changes: minimum wage rises, payday super, parental leave tweaks and everything else coming for 2026–27 New financial year will also see a tax cut, more anti-price-gouging measures and SMS sender ID changes designed to protect against scam texts
NPR retracts ‘inaccurate’ story saying supreme court justice Samuel Alito retiring Story from Nina Totenberg removed and replaced with editor’s note after journalist misheard announcement made by chief justice
Shetland councillors back plans to build tunnels to link some of largest islands Financing options to be investigated for first two subsea projects that would link Mainland with Yell and Unst
US treasury secretary warns oil and gas companies to lower prices: ‘We’re watching’ Scott Bessent says he ‘encourages them to be good actors’ after Trump ranted about prices not dropping fast enough
UK disposable incomes squeezed by price rises and tax changes ONS confirms 0.6% GDP growth in first quarter, with services, production and construction sectors expanding
EU halves duty-free steel quota but UK and other partners given better rate Thirteen countries with a free trade agreement with Brussels have their quota reduced by just one-third
Telegraph’s £575m takeover by German group completed Acquisition by Axel Springer ends three years of uncertainty over ownership of 171-year-old titles
Nigel Farage received £270,000 from gold marketer he promotes Reform UK leader’s Direct Bullion payment is double his fee from 2025
UK government ‘minded to intervene’ in Paramount’s takeover of Warner Bros Discovery – as it happened Lisa Nandy, Secretary of State for Culture, cites need for sufficient plurality of views in news media
UK watchdog plans to break Apple and Google’s ‘effective duopoly’ on mobile app stores CMA says developers should be able to steer users away from app stores for payments to increase competition
Trains disrupted on UK’s busiest intercity line as cows wander on to tracks London to Manchester among routes affected after cows blocked west coast mainline for more than three hours
Number of billionaires globally soars by 13% amid AI shares boom Billionaires’ wealth grew by 25% on average in the year ended in April, research from Swiss bank UBS finds
Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer? Drop to 10% for pubs and eateries would be in line with most of Europe, but critics say it favours multinationals
UK ‘minded’ to intervene in Paramount’s $110bn takeover of Warner Bros Discovery Lisa Nandy to ask regulators to assess mega-merger involving Channel 5, CNN and TNT Sports on grounds of media plurality and competition