Nick Clegg takes role at London-based venture capitalists Hiro Capital Former deputy prime minister, who left Meta this year, to be joined by Facebook-owner’s chief AI scientist
Reeves criticises budget leaks and says income tax decision taken ‘in partnership’ with PM Chancellor defends budget but tells MPs there were ‘too many leaks’ and that and much of them were inaccurate
Bank of England expects budget will cut inflation by up to half a percentage point In a boost for Rachel Reeves, deputy governor says analysis shows chancellor’s policies will lower annual rate next year
Davey claims ‘historic victory’ for Lib Dems after tokenistic vote in favour of customs union with EU – as it happened The vote will have no practical impact, despite Davey’s ‘historic’ claim
Badenoch announces Tory review of which conditions qualify for benefits ‘Age of diagnosis’ of ‘low-level mental health issues’ such as ADHD making system too costly, Conservative leader says
‘Bring it on!’: growing support in England for four-day week in schools Why proposals for a shorter working week are winning over teachers and parents – despite the logistical headaches
Extracting hangovers from beer: inside Budweiser owner’s ‘nolo’ brewery in south Wales AB InBev unveils its ‘de-alcoholisation’ annex at Magor site as demand for once ‘lousy’ low- or no-alcohol beer rises
Local authorities in England and Wales warn finances at ‘breaking point’ More councils expected to fall into bankruptcy in near future as they face nervous wait over government funding
‘Zombie’ electricity projects in Britain face axe to ease quicker grid connections Backlog delaying ‘shovel-ready’ ventures will be cleared with aim of building virtually zero-carbon power system by 2030
Keir Starmer to make Iceland boss Richard Walker a Labour peer Appointment marks a rapid political transformation for a former Tory donor and potential candidate for MP
Forcing UK banks to support credit unions would help keep loan sharks at bay High street banks dodged a windfall tax – now they should invest in growth of local lenders
Friday briefing: After constant leaks and a resignation, is the OBR still fit for purpose? In today’s newsletter: Critics say the OBR’s growing influence has outpaced its accountability, raising questions about whether it serves the public, the Treasury, or the markets
Explaining UK debt with biscuits: Labour MPs get the hang of viral content Gordon McKee, whose explainer has racked up 3m views, leads way as party tries to harness power of social media
Rachel Reeves will not be investigated over pre-budget briefing, FCA says Regulator leaves door open for follow-up as it rejects calls for formal inquiry into claims against Treasury officials
Crypto investor gives £9m to Reform UK as donations exceed those to Tories Christopher Harborne’s record gift revealed in Electoral Commission figures prompts renewed calls for cap on political donations