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UK ministers preparing to raise payments to end standoff with pharma industry, cited as reason for firms axing British investmentsMinisters are preparing to raise the amount the NHS pays pharmaceutical firms for medicines by up to 25% after weeks of in…
ONS says public borrowing estimates have been out by £200m-£500m a month since JanuaryBusiness live – latest updatesMistakes in recent public finances data mean government borrowing has been overstated by a cumulative £3bn, the Office for National Stat…
The Social Market Foundation thinktank says council tax reform and a property-based tax would be more sustainable and fairerVoting in the Labour deputy leadership election opens today. Lucy Powell, the former Commons leader, is seen as the favourite an…
Kent becomes latest local authority controlled by Nigel Farage’s party to signal intention to raise council taxA Reform UK-run council where the party sought to pilot drastic cost-cutting plans is going to have to raise council tax, a cabinet member ha…
Half of Tory members also want Kemi Badenoch to be replaced as Conservative leader. This live blog is closedMel Stride, the shadow chancellor, was doing an interview round for the Conservatives this morning, and Miatta Fahnbulleh, the faith and communi…
Mel Stride outlines plans to slash £47bn a year from public spending, including £23bn welfare cutUK politics live – latest updatesOverseas nationals denied benefits under a Conservative plan to limit social security to UK citizens would have the option…
Labour colleagues advise chancellor against string of small money-raising measures, as OBR presents forecastSome of Rachel Reeves’s Labour colleagues have urged her to ditch the party’s manifesto promises rather than risk a “pasty tax” budget that rais…
Women’s average monthly earnings fall by 42% compared with one year before birth, ONS study findsMothers lose an average of £65,618 in pay by the time their first child turns five, as the “motherhood penalty” risks their financial security, official fi…
As Rachel Reeves’s budget looms, Treasury weighs up proposals to make British markets more attractiveBusiness live – latest updatesUK politics live – latest updatesNew share listings on London stock exchanges could be given a stamp duty holiday in the …
Losses narrow to nearly £16m for 48 weeks to 4 January 2025 but group has not made pre-tax profit since 2019Selfridges has blamed a slump in the number of international tourists shopping for luxury goods in the UK and weaker consumer confidence for a f…