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‘I think the city is falling apart’: Leicester braces for a make-or-break budget

In the local authority where people have the least spare cash there are hopes the chancellor will instil change

UK budget watchdog in danger of strangling economic growth, says TUC boss

Paul Nowak says OBR should be modernised to ditch ‘hardwired’ support for austerity economics

AI, Covid and taxes: what is behind steep rise in youth unemployment?

Last year’s employer NICs increase and a weak economy are adding to tricky conditions for young people

Have Reeves and Starmer missed the chance to ditch stealth taxes?

Retreat from plans to increase income tax means Labour is unlikely to make system fairer and more coherent

English councils plan to sell off social clubs and sports centres to balance books

Survey finds 60% of key cities councils are planning to sell assets to meet costs of adult and children’s social care

Rachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates

Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates up

Reeves’s plan to ditch income tax rise prompts government bond sell-off

Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July

Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bn

US markets struggle amid tech sell-off and economic uncertainty

Wall Street endured its worst day in a month on Thursday as fears that tech companies are now overvalued loom large

Pound falls and UK borrowing costs rise as Reeves ditches plans for income tax hike – as it happened

Jitters over the UK’s autumn budget grow as chancellor Rachel Reeves abandons plans to raise income tax on 26 November

Walmart CEO Doug McMillon to step down after more than a decade in role

John Furner, the retail chain’s boss in the US, will succeed McMillion as global CEO after 31 January

Fossil fuel lobbyists outnumber all Cop30 delegations except Brazil, report says

One in every 25 participants at 2025 UN climate summit is a fossil fuel lobbyist, according to Kick Big Polluters Out

UK exports to US hit lowest level since January 2022 as tariffs bite, and economy shrinks – as it happened

New economic data shows fall in UK exports to the US, as Britain’s economy shrinks slightly in September

Scotland plans to issue £1.5bn of its own bonds – ‘kilts’ rather than gilts

Announcement by first minister John Swinney comes after Moody’s and S&P give country same credit rating as UK

Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?

Stronger public finances require stronger economy, but large tax rises and spending cuts could squeeze activity further

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  • Elon Musk’s massive 2018 Tesla pay package restored by Delaware court
  • Why is Truth Social owner Trump Media merging with a fusion energy firm?
  • FTSE 100 closes near record high as Santa Rally builds, despite weak retail sales – as it happened
  • What will happen when the £100 contactless card limit is scrapped?
  • Independent businesses: have your online sales been affected by the rise of AI?
  • Former Yodel owner probably forged mother’s signature in takeover bid, judge rules
  • UK politics: ‘Not clear’ who was behind FCDO hack, says minister, amid reports of China link – as it happened
  • WH Smith tries to recover bonuses from ex-bosses as watchdog investigates accounting error
  • Sony collars Snoopy in £340m deal to take control of Peanuts franchise
  • Rail accident investigators issue warning over sensors on landslide monitors
  • TikTok signs Trump-backed deal to avoid US ban
  • UK contactless card limit of £100 to be scrapped from 19 March
  • Retail sales unexpectedly fall in Great Britain in run-up to Christmas
  • UK borrowed more than expected in November amid pre-budget pressure
  • Young people will suffer most from UK’s ageing population, Lords say
  • UK’s roads and airports brace for busiest Christmas getaway on record
  • Trump’s $1,776 ‘warrior dividend’ repurposed from military housing aid
  • MPs to question Vodafone on ‘unjust’ treatment of store franchise owners
  • PPE company linked to ex-Tory peer Michelle Mone goes into liquidation
  • Facebook tests charging users to share links in potential blow for news outlets
  • BP opts for culture shock with new CEO appointment, but the timing is odd
  • Megan Davies obituary
  • ‘We’ve future-proofed’: how UK’s biggest car factory upgraded for EV revolution
  • Meg O’Neill: ‘hard-nosed’ outsider who will head BP’s pivot away from green energy
  • More UK interest rate cuts expected in 2026 after Bank of England lowers borrowing costs to near three-year low – as it happened
  • What the UK interest rate cut means for you, from mortgage deals to savings rates
  • German prosecutors bring charges against Greensill officials over role in bank’s collapse
  • Trump Media announces $6bn merger plan with fusion power company
  • Narrow Bank of England vote puts end of interest rate-cutting cycle in sight
  • Leeds £2.5bn tram scheme delayed to late 2030s after government review

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