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Bigger-than-forecast decline in annual rate in February is positive news for chancellor in run-up to Commons addressBusiness live – latest updatesUK inflation has fallen back to 2.8%, providing some positive news for Rachel Reeves before she makes her …
Chancellor risks wrath of Labour backbenchers with spring statement set to confirm deeper cutsRachel Reeves will make additional welfare cuts in her spring statement on Wednesday after the Office for Budget Responsibility rejected her estimate of savin…
Heidi Alexander gives green light to controversial £9bn tunnel, Britain’s biggest single planned road-building projectBusiness live – latest updatesThe transport secretary has given formal approval to the controversial and long-delayed £9bn Lower Thame…
This live blog is now closed, you can read more of our UK political coverage hereDowning Street has rejected suggestions that Britain is a “freeloading” country that expects the US to meet its defence needs.At the lobby briefing this morning, the PM’s …
Most feel financial secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statementConsumers are cutting back spending on everyday items amid falling confidence in the UK economy before Rachel Reeves’s spring statement,…
Chancellor will announce plans to fund 18,000 social homes before fraught spring statement on WednesdayRachel Reeves will plough £2bn into affordable housing in a bid to “sweeten the pill” of the spending cuts being announced at this week’s spring stat…
Prominent campaigner says Elon Musk’s platform qualifies for the levy, which is on the block in negotiationsElon Musk’s X stands to benefit financially if the government pulls an £800m tax on US tech firms as part of an economic deal with Donald Trump,…
Tuesday’s budget will show Labor’s back-to-back surpluses giving way to a decade of deficitsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s debt burden will continue to grow i…
Labour MP and Lib Dem leader express concern social media companies could be let off hook just as benefits are cutKeir Starmer has been warned against “appeasing” Donald Trump as he considers reducing a major tax for US tech companies while cutting dis…
UK chancellor ‘not satisfied’ with the current numbers, but promises the economy and living standards will improveRachel Reeves has promised the UK’s economy and living standards will improve, as she pledged to cut running costs of government by 15% an…