Labour confronts £20bn black hole

Angela Rayner heaped scorn on Sir Keir Starmer’s administration this week, fuelling fresh scrutiny of her ambitions. Does she want to return to cabinet or seize the reins? The former deputy prime minister issued a stark warning that the government is running out of time to change ...  Show more

It has been a week of red faces for party leaders. On Thursday, Keir Starmer apologised and took personal responsibility for the appointment of Peter Mandelson as UK ambassador to the US – after a first round of document disclosures suggested the prime minister was largely absent ...  Show more

Elon Musk’s business empire has been hit by a wave of senior departures over the past year, video games maker Electronic Arts is being taken private by a Saudi Arabia-backed consortium, and Downing Street has opened the door for Labour to break its election promises and raise tax ...  Show more

The Autumn Budget was the most significant since George Osborne implemented austerity in 2010. Rachel Reeves announced one hundred billion pounds for infrastructure, forty billion in tax rises and a whole host of policy changes, which she hopes will deliver Labour’s mission of na ...  Show more

With a £22bn ‘black hole’ in the public finances, the new chancellor Rachel Reeves has difficult decisions to make ahead of Labour’s autumn Budget next month. How might this hole be plugged, and where might tax rises land? In this episode, Dan Neidle, founder of think-tank Tax Po ...  Show more

US government shutdown nears an end as House approves funding deal, European carmakers and other industrial companies continue to face “devastating” chip shortages, and Scotland has been handed the same credit rating as the UK, in a boost to Edinburgh as it plans to launch an ina ...  Show more