The UK chancellor’s new plan

Leading US AI labs are releasing cheaper models to compete with cut-price alternatives from Chinese rivals. Venezuela’s government and opposition unite to demand $4bn in gold reserves back from the Bank of England. A flood of foreign currency bond issuance by Big Tech groups is s ...  Show more

Anthropic investors expect the AI start-up to be the largest ever initial public offering, and US inflation edged lower to 3.4 per cent in July as petrol prices declined. Plus, Iranian businesses are increasingly resorting to “buy now, pay later” schemes as the cost of living spi ...  Show more

What's happening in the UK right now has heads spinning around the globe. New Prime Minister Liz Truss is already scrambling to survive. Her new chancellor Jeremy Hunt today brought down the axe on nearly all of her tax-cutting plan after it sent the markets spiraling. To make se ...  Show more

From the BBC World Service:  The world’s largest economies have been meeting over the weekend. High up on the agenda, and supported by the IMF and the US, was the regulation of crypto assets. The BBC’s Will Bain has been speaking to industry insiders about what is needed. Plus, a ...  Show more

The chancellor unveiled a £55bn plan for fiscal tightening this week, with the biggest drop in living standards for 70 years. We unpack all of the fiscal forecasts, tax rises, spending cuts and how Rishi Sunak can navigate the tricky politics. Plus, we also examine whethe ...

UK chancellor Rachel Reeves has had an action-packed week. She made a U-turn on winter fuel payments, announced plans to spend billions of pounds on new transport schemes and, following the prime minister’s latest announcement, she now has to find yet more money to fund a rise in ...  Show more