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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

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  • Number of cloned number plates on UK roads at record high, data shows
  • France drops opposition to UK being included in ‘Made in Europe’ legislation
  • The water torture goes on at Thames. Sector-wide reform isn’t moving much faster
  • Will Trump’s economy sink Republicans in the US midterm elections? Our reporters answered your questions
  • Thames Water asks for £2.4bn more to avoid going bust this year or early 2027
  • People in the US: what is your personal ‘recession indicator’?
  • Cost of balancing Great Britain’s power grid reaches nearly £50m a day
  • Lisa Nandy ‘minded to intervene’ in Sky’s £1.6bn purchase of ITV
  • Cult venue Prince Charles cinema ‘saved’ after lease renewal signed
  • Wall Street drops after jump in US producer inflation; John Healey says UK banks are part of ‘jewel in the crown’ – as it happened
  • Tech market sell-off deepens amid fears over US inflation and AI debt
  • US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
  • Bad news for Trump ahead of the midterms: it’s still the economy, stupid
  • John Healey vows to give ‘breathing space’ to consumers and businesses in first budget
  • Gen Z wrestle with shame from ordering delivery food: ‘This economy is not for the weak’
  • Key US voters say economy is getting worse ahead of midterms, exclusive poll finds
  • Wallace & Gromit maker Aardman falls short of return to profit
  • ‘I introduce myself to anyone who looks a bit jumpy’: a security guard’s take on anti-shoplifting fixes
  • Poland’s ascent from communist state to top 20 economy reverses the brain drain
  • UK households have paid extra £13,961 on bills since 2021 amid soaring inflation, TUC says
  • The global economy is muddling through against the odds. But a storm is coming
  • Unemployment in Australia reaches 4.7%, its highest in nearly five years
  • ‘Like, really, really shocked’: why are so many people riffing on this sheep’s sex appeal?
  • UK hospitality sector to offer up to 100,000 jobs to young people out of work
  • The UK energy secretary is flirting with a bad idea for bills – the ‘rising block tariff’
  • Sir Trevor Phillips urges CBS News colleagues to give critics blunt riposte
  • Done family took £30m dividend from Betfred before warning of job cuts
  • US inflation rose to 3.7% in September in blow to Republicans before midterms
  • ‘Ugly’ jump in US inflation, driven by gasoline prices, in blow to Trump before midterm elections – as it happened
  • English and Welsh water firms could be forced to return £107m via lower bills

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