PPE company linked to ex-Tory peer Michelle Mone goes into liquidation PPE Medpro owes government £148m for supplying unusable personal protective equipment during Covid-19 pandemic
Megan Davies obituary Other lives: Highly regarded branch secretary of the Prospect union, singer, sports fan and lover of craft beer
Leeds £2.5bn tram scheme delayed to late 2030s after government review Business case must be submitted for mass transit system with lines connecting Leeds and Bradford before work continues
Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained close
Ineos chemicals plant is saved. But what is the strategy for the rest of heavy industry? Argument for ensuring ethylene production at Grangemouth is strong, yet policymaking on deindustrialisation is disjointed
UK inflation falls sharply to 3.2% amid slowdown in food price rises Drop in November annual rate adds to case for Bank of England cut to interest rates on Thursday
Government grants £120m of funding to save UK’s last ethylene plant Cash injection for billionaire Jim Ratcliffe’s Ineos site in central belt of Scotland will help safeguard 500 jobs
George Osborne joins OpenAI: ex-chancellor adds tech post to his CV Former Tory chancellor tasked with helping ChatGPT owner develop ties with governments
Young people hit hard as UK unemployment marches upwards Jobs market slowdown likely to become policy focus and will also have impact on interest rates decision
‘Squeezed from every direction’: pubs voice fury at Reeves’s business rates changes Chancellor’s claim to be helping trade met with disbelief in England and Wales amid soaring staff costs, energy bills and other overheads
US puts £31bn tech ‘prosperity deal’ with Britain on ice Pledge to invest billions in UK paused, with Washington citing lack of progress on trade barriers across pond
UK politics: Polanski claims Green support surging in London as five Labour councillors defect in Brent – as it happened Party leader says Labour ‘has abandoned any sense of progressive politics’
The big quarrels over the workers’ rights bill have barely started Many critical details have been deliberately left to be resolved in secondary legislation – including the introduction of guaranteed hours contracts
Business groups urge Tory peers to stop blocking Labour’s workers’ rights bill Six of Britain’s biggest employer groups fear compromise deal brokered with bosses and union leaders is at risk
UK Treasury drawing up new rules to police cryptocurrency markets Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’