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?