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Policymakers who think AI can help rescue flagging UK economy should take heed

Healthy scepticism is needed because flaw is that large language models remain prone to casually making things up

Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans

Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rules

There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark

As he steps down after 14 years, Paul Johnson says politicians and voters refuse to accept economic tradeoffs

Does Labour’s spending review signal a return to austerity?

Rachel Reeves is increasing overall budgets after deep Tory cuts, but some departments face bigger spending cuts than others

Demob-happy IFS director tears into Rachel Reeves’s spending review

Blistering analysis by outgoing chief concludes chancellor likely to end up ‘gnat’s whisker’ away from tax rises

UK politics: Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – as it happened

Institute for Fiscal Studies says Treasury figures for projected efficiency savings are not credible

Britain on track to become a ‘National Health State’, says thinktank

Resolution Foundation says half of all public spending will be allocated to the NHS and social care by the end of the decade

Reeves rules out disability benefit cuts U-turn but says rules may be tweaked

Chancellor says criteria for getting personal independence payment are being reviewed

Rachel Reeves seized her moment – whatever the future brings, Labour’s economic course is now set

The chancellor is no mere technocrat: her spending review revealed a visceral commitment to social and economic mobility, says Guardian columnist Martin Kettle

MPs call for inquiry into how RedBird Capital is funding £500m Telegraph deal

Exclusive: Cross-party group including peers warns of risk of ‘potential Chinese state influence’ in private equity firm

Great British Energy’s budget has been nuked

Ed Miliband’s vehicle for investing in renewables lost 30% of its pot to small modular nuclear reactors in the spending review

GB Energy’s promised £8.3bn budget raided to pay for small nuclear reactors

National energy company effectively loses £2.5bn to separate body tasked with spearheading nuclear renaissance

UK politics: Police chiefs say funding ‘falls far short’ of what is needed to meet government’s ambitions – as it happened

NPCC’s Gavin Stephens says settlement in spending review will cover little more than inflationary pay rises

Reeves’s spending review was big on the long term but light on the everyday

Her capital-heavy approach will fuel pressure for commitments that make a more immediate difference to people’s lives

Spending review 2025: who are the winners and losers?

Rachel Reeves has announced big boosts to capital spending, but is squeezing the budgets of most government departments. How happy will ministers be?

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  • Ofwat should have to approve water firms’ bonuses and dividends, say MPs
  • AI could lead to more job cuts at BT, says chief executive
  • Tariff dodgers take big risks to cut small corners
  • Policymakers who think AI can help rescue flagging UK economy should take heed
  • ‘Stay below the radar’: corporate America goes quiet after Trump’s return
  • ‘We’re being attacked all the time’: how UK banks stop hackers
  • Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans
  • Vodafone terminates contracts of 12 franchisees who joined £120m lawsuit
  • Letting banks loose is back on the agenda as UK politicians chase growth at any cost
  • Grilled cheese shop offers Minnesotans a second chance after prison
  • UK broadcasters hail rare win over Netflix in battle for streaming ads
  • There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark
  • ‘Grenfell was caused by corporate greed’: report calls for far stronger penalties over unsafe cladding
  • M&S ‘praying for sun’ but full recovery from cyber-attack unlikely this summer
  • Is the ocean ‘having a moment’? This was the UN summit where the world woke up to the decline of the seas
  • Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran
  • Oil surges after Israel’s attack on Iran, risking ‘stagflationary shock’ – as it happened
  • Boeing experts and UK and US aviation officials join Air India crash investigation
  • Tui says ‘overtourism’ is fault of short-term let companies not hotel industry
  • ‘Transformative’: the UK lab working on a way to halt genetic type of dementia
  • P&O Ferries hires tiny four-person accounting firm to replace KPMG
  • Credit Suisse was ‘warned’ about Greensill three years before firm collapsed
  • Does Labour’s spending review signal a return to austerity?
  • Demob-happy IFS director tears into Rachel Reeves’s spending review
  • Dollar slides to three-year low while FTSE 100 hits record high
  • First crash of Boeing’s 787 model comes weeks after $1.1bn 737 Max payout
  • UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – as it happened
  • Rogue imports of ‘Dubai chocolate’ may threaten Britons with allergies, FSA says
  • UK politics: Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – as it happened
  • Newly formed VodafoneThree vows to create thousands of jobs

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