Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget
Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-doms
Energy bills likely to rise by 20% in next four years, says Britain’s biggest supplier
MPs told that even if wholesale prices plummet, consumers face higher bills owing to costs of government policies
Starmer only read China spy witness statements this morning, No 10 says, as Cleverly accuses PM of misquoting him – as it happened
PM says he intends to publish statements in full and blames previous government for failure of the case
English councils to remain poorer than in 2010 despite funding rise, says report
Exclusive: Impact of austerity cannot be undone by end of parliament despite above-inflation funding, analysis finds
UK government borrowing costs fall as Reeves hints at tax rises – as it happened
Rolling coverage of the latest economic and financial news
Competition regulator barking up the right tree on vets’ opaque pricing
Consumers and corporates should welcome CMA proposals to overhaul regulations unchanged since the 1960s
The IMF reckons the global economy remains ‘in flux’, but the Trump effect is real – and Australians aren’t fooled
Even as the government and investors try to treat the Trump situation as ‘normal’, the US has never been less attractive to Australian holidaymakers
Shein warns on Trump tariff uncertainty after profits slip
Fast-fashion retailer records 20% growth in sales and fees to $37bn but big hit is expected from US changes to import tax rules
Global government debt on course to hit 100% of GDP by 2029, IMF warns
Ratio would be highest since aftermath of second world war, with UK among G20 countries forecast to peak above
Banker bonuses to be paid faster after UK regulators loosen rules
Bank of England and Financial Conduct Authority reduce deferral period from eight years to four
Royal Mail fined £21m by Ofcom for missing delivery targets
Communications regulator finds ‘millions of important letters are arriving late’ and ‘persistent failures’
Rachel Reeves says tax rises and spending cuts on budget agenda, citing Brexit impact
Chancellor also blames austerity and ‘ongoing impact of Liz Truss mini-budget’ for growing shortfall in public finances
Capita fined £14m for data protection failings in 2023 cyber-attack
Hackers stole personal information of 6.6m people but outsourcing firm did not shut device targeted for 58 hours
Trump threatens vulnerable countries before key shipping emissions vote
American officials have threatened supporters of measure to reduce emissions with tariffs and other retaliatory action
Driverless taxis from Waymo will be on London’s roads next year, US firm announces
Cars with human safety drivers set to appear in 2026 but black-cab drivers dismiss service as ‘fairground ride’