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Even Berlin and Brussels are bending fiscal rules in the face of Russia’s threat. Will the chancellor still stick to hers?As the Nobel laureate Robert Lucas quipped during the 2008 financial crisis: “I guess everyone is a Keynesian in a foxhole.” Donal…
Ministers say ‘unsustainable’ rise in spending must be tackled but many backbenchers fear changes will not workDozens of backbench Labour MPs are unhappy with plans to cut billions from the rising welfare bill, with ministers holding meetings to convin…
Chancellor is eyeing welfare system for potential cuts but pensions secretary says more support for jobseekers is keyThe work and pensions secretary, Liz Kendall, has said helping more people back into a job is the best way to cut the benefits bill, as…
Retailer had hoped to open more stores in Britain in coming year but will do so in Ireland and Belgium insteadHMV has put its UK expansion on hold and is to open stores in Ireland and Belgium instead, because of rising wage costs announced in last autu…
This live blog is now closed, you can read more of our UK political coverage hereLucy Powell, the leader of the Commons, defended the government’s position on the new Sentencing Council guidelines (see 9.46am) during business questions in the Commons a…
Interventions follow US vice president’s comments about ‘20,000 troops from some random country that has not fought a war in 40 years’. This live blog is closedIn response to a question about intelligence cooperation with the US, Sir David Manning, a f…
Chancellor says increased military spending should support ‘British jobs and British industries’Rachel Reeves has said UK companies and jobs will be prioritised under the government’s plans for a significant increase in defence spending, with an aim to…
A weak economy, higher borrowing costs and increased defence spending will mean tough decisionsRachel Reeves is rapidly running out of wriggle room amid higher borrowing costs, stubborn inflation, a sluggish economy and a promise to find billions of po…
A weak economy, higher borrowing costs and increased defence spending will mean tough decisionsRachel Reeves is rapidly running out of wriggle room amid higher borrowing costs, stubborn inflation, a sluggish economy and a promise to find billions of po…
European reconstruction bank will help rebuild country if peace is agreed but a lasting end to conflict is neededThe war-torn Ukrainian economy could expand by 5% next year if a ceasefire is agreed, the European Bank for Reconstruction and Development …