OBR challenges claims Reeves dropped income tax rise due to rosier forecasts

Official forecaster’s chair says chancellor knew about revised predictions well before her budget change of heart

Germany to urge EU to soften 2035 ban on sale of new petrol and diesel cars

Friedrich Merz to ask for series of exemptions in attempt to protect crisis-hit automotive industry

Airline says 55,000 people signed up to Prime, making €4.4m, but passengers benefited by more than €6m

Decision by US bank’s CEO Jamie Dimon followed trip to New York by top adviser to Keir Starmer

French government-owned company to receive funding for Hinkley Point C and Sizewell C

Group, which also owns restaurant brands including Toby Carvery, feels impact of increase in employer NICs

In addition to rising prices and tariffs, readers cite growing unemployment as a reason not to exchange gifts this year

Exclusive: It follows calls from US senator Elizabeth Warren to investigate bank executives including ex-Barclays boss Jes Staley

As navies seek to counter submarines and protect cables, startups and big defence companies fight to lead market

How will new tax rates and measures affect pensions, savings, car tax and more? We look into some individual queries

Minister Steven Guilbeault says Indigenous nations were not consulted and the pipeline would have ‘major environmental impacts’

Reuters news agency says it obtained document after visiting URL it predicted file would be uploaded to

Labour MPs welcome scrapping of two-child benefit cap but worry about hefty future tax increases on constituents

Flagship Labour plan to be replaced with six-month threshold after Peter Kyle vows to not let businesses ‘lose’ under new law

Businesses grumble about lack of ambition and urgency as Rachel Reeves continues to shy away from meaningful tax reform