Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises
May figure second highest for month on record amid fears chancellor is struggling to keep within spending rules
UK ministers reopen door to drilling at two North Sea oilfields as new guidance released
Michael Shanks says guidance brings ‘clarity’ to approval process as analysis finds UK will be almost fully dependent on foreign gas by 2050 even if sites get green light
Thames Water renationalisation plans being stepped up, says minister
Environment secretary indicates that calls from creditors for leniency from fines and penalties will be rejected
Ministers set out plans to spend £725bn on UK infrastructure over 10 years
Government strategy includes spending £9bn a year on fixing schools, hospitals, courts and prisons
Bank’s rate decision leaves frustrated Reeves praying for an August cut
Lower interest rates will be a lever for growth but the Middle East conflict and rising food prices will have troubled MPC
Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting
Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hike
The Guardian view on HS2 delays: a chance to break the cycle of costly failure
Editorial: The botched London-Birmingham line is a symbol of malaise in British politics. Getting it done would signal renewal
HS2: 16 years of high hopes, bruising reality and burgeoning costs
As the government announces a further delay, here are key moments in the troubled project’s history so far
HS2 delayed beyond 2033 as minister attacks ‘appalling mess’
Heidi Alexander says billions wasted in ‘litany of failure’ but vows ‘new era of leadership’ will turn project around
HS2 opening to be delayed past planned 2033 date, minister to announce
Transport secretary will also accuse Conservatives of wasting billions on project with poor management
Trump threatens to keep 25% tariff on UK steel imports over Port Talbot concerns
Exclusive: Sources say US wants information on when importing of raw materials from abroad at Port Talbot site will stop
Ed Miliband says Labour will ‘win fight’ against UK net zero critics
Energy secretary speaks at launch of £1bn investment scheme to bolster jobs in offshore wind supply chain
Reeves considers softening inheritance tax changes amid non-dom backlash
Chancellor is keen to mollify wealthy global investors and attract foreign investment into the UK
Oxford Street will be pedestrianised as soon as possible, says London mayor
Sadiq Khan says regeneration plans for central London shopping street have received ‘overwhelming support’
Trump says UK is protected from tariffs ‘because I like them’ as trade deal is signed off
UK aerospace sector will face no tariffs from the US while auto industry lowered to 10% from 25%