Mexico announces record drug seizure one week after Trump threatens tariffs

Soldiers and marines discover drugs in Sinaloa, while separately authorities arrest more than 5,200 migrants

South Western Railway to become first train operator nationalised under Labour

As part of a comprehensive programme of renationalisation, the service will come under public ownership in May

Tell us about the purchases you plan on making ahead of Trump’s proposed tariffs

We would like to hear about the products you may buy ahead of higher tariffs on certain goods

Trump’s tariff threat sets stage for bitter global trade war

Trump intends to hit Canada, Mexico and China with tariffs, which experts say will risk retaliation and a damaging economic war

Ignore the online CV truthers. If anything, Rachel Reeves is overqualified to be UK chancellor

Gordon Brown and George Osborne studied history, but neither faced the questions of suitability levelled at the first woman in the job, says Guardian columnist Gaby Hinsliff

Premier League and Channel 4 to train teenagers in Labour’s £45m work drive

Ministers to announce sweeping changes to welfare and out-of-work support, aiming to get people off benefits

‘We had no alternative’: Reeves defends her budget to the CBI

Chancellor tells business leaders she stands by tax rises and points to Labour’s pro-growth policies

Labour could be knocked off course as it sticks to £40bn mission

The government’s pact with voters relies on it delivering on its promise of growth but the early omens are unsettling

Liz Kendall says young people who won’t take up work will lose benefits

Work and pensions secretary says she will transform opportunities as Starmer bemoans ‘bulging benefits bill’

Voters must learn to accept that Britain’s challenges are too big to solve straight away

Labour has got off to a shaky start in government. It’s time it told the truth about the state we’re in

UK government borrowing in October tops forecasts at £17.4bn

Debt interest payments push public finances deeper into the red in fresh blow to Rachel Reeves

UK inflation rises to 2.3%, increasing pressure to delay interest rate cut

Figure is above Bank of England target after energy bills push up prices

UK’s jump in inflation lays bare the risks ahead for Labour

Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 2.3%

UK retailers warn Reeves of £7bn hit from budget tax rises

Increase in national insurance contributions and national living wage will add to costs, says BRC

Housework to green energy: the new markers of growth in rival metric to GDP

Sustainability-focused inclusive income formula accounts for non-monetary factors overlooked in GDP, says ONS