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Site likely to create 1,000-plus jobs as AESC wins £680m from UK government plus £320m in private finance and equityThe owner of the UK’s only operating gigafactory has secured £1bn in funding for a new electric car battery plant in Sunderland, in a go…
Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war falloutExplainer: what does it mean for mortgages and savings?Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – l…
The forecast said low growth would place the Bank of England in difficult position ahead of next interest rate decisionSlow growth and persistent inflation will wreck Rachel Reeves’ budget plans and increase the likelihood of further tax rises in the a…
In today’s newsletter: Can a partial U-turn on the winter fuel allowance help the party set a new agenda – and keep support for Nigel Farage at bay?Good morning. After Reform UK’s resounding success in last week’s local elections, Keir Starmer has face…
Rachel Reeves concerned that lenders’ restrictions are holding back growth in the SME sectorMinisters will meet bank bosses on Tuesday to discuss how big lenders can support the government’s growth strategy as concerns mount inside Whitehall that small…
Sources say pay increases will not be covered by borrowing and must come from existing budgets, setting up potential for strikesPay rises for NHS staff and teachers must be paid from existing budgets, the Treasury has warned, setting up the potential f…
In Washington, UK chancellor stresses work being done to improve economic links with EuropeBusiness live – latest updatesRachel Reeves has said the UK’s trading relationship with the EU is “arguably even more important” than that with the US, as she pr…
Polling predicts victory for party in Greater Lincolnshire and Hull/East Yorkshire with the Greens possibly taking West of EnglandThere are six mayoral elections next week. Two of them are for single-authority mayors (Doncaster and North Tyneside), but…
The UK is being dragged in opposing directions by international forces in its quest for growthRiding two horses is hard enough, but diplomats are joking in private that Keir Starmer and Rachel Reeves are trying to ride three.At the International Moneta…
In today’s newsletter: The chancellor faces a pivotal moment in the US as she navigates high-stakes negotiations with the Trump administrationGood morning. I’m Annie Kelly, I’ll be bringing you First Edition alongside Archie for the next few weeks.It’…