Burnham left with £4.7bn bill for Starmer’s new defence investment plan
Ally of PM-in-waiting says four-year boost for the armed forces is an ‘unexploded bomb’
News
‘But we’re just 1% of emissions’: do smaller countries’ climate efforts matter?
On first hearing, it is a position that sounds reasonable. “When our share of global emissions is less than 1%,” Rishi Sunak argued when he was the UK prime minister in 2023, “how can it be right that British citizens a…
Shetland councillors back plans to build tunnels to link some of largest islands
Councillors on Shetland have backed plans to build up to four tunnels to link some of the largest and most populated islands, after years of isolation and decline.
Starmer and Reeves launch delayed defence plan with a sense of resigned relief
New defence secretary goes along with £1.5bn addition to spending plan that led to his predecessor’s resignation and Starmer’s in turn
Nigel Farage received £270,000 from gold marketer he promotes
Nigel Farage received £270,000 from a gold marketer for which he is a brand ambassador, his single biggest payment as an MP.
US treasury secretary warns oil and gas companies to lower prices: ‘we’re watching’
Scott Bessent, the US treasury secretary, issued a veiled warning to oil and gas companies to lower their prices on Tuesday, a day after Donald Trump berated those retailers on social media for not dropping their prices…
Agencies release list of distressed or underserved nonmetropolitan middle-income geographies
Federal bank regulatory agencies today released the 2026 list of certain geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit.
Rocky week for AI as shares slump but no sign of crash – yet
Hello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian, writing to you after fending off sunburns at the beach. Today, we’re discussing a rocky week for the AI industry’s finances and how …
SEC Seeks Public Comment on Novel Exchange-Traded Funds
On 30 June 2026, the US Securities and Exchange Commission (the SEC) issued a Request for Comment on Novel ETFs (the RFC). The RFC follows a statement by SEC Chairman Paul Atkins on 20 May 2026 in which he noted that “[…
FCA and the Bank of England set out approach to joint regulation of systemic stablecoin issuers
Through a co-ordinated approach and regulatory framework, we aim to provide regulatory clarity and certainty to firms issuing stablecoins in the UK whatever the size, aspirations or business model.
China is a clear winner from Trump’s war in Middle East, report concludes
Beijing, whose stockpiles and renewables industry allowed it to withstand energy shock, is now gaining from global solar and EV push
Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?
Nearly a quarter of hospitality businesses are losing money, new data has shown , reigniting calls among chefs, pub owners and restaurateurs for their sector to be handed a reduced rate of VAT.
Doubt that Elon Musk ‘earned’ his trillion? Rightwing media says you’re in an ‘impotent envy cult’ | Arwa Mahdawi
The lovefest from Musk’s conservative fans completely overlooks the unscrupulous tactics behind his immense wealth
UK housebuilders face class action suit over alleged collusion to inflate prices
Britain’s biggest housebuilders, including Barratt Redrow and Taylor Wimpey, face a multibillion-pound class action lawsuit over claims that they colluded over higher prices for homebuyers.
UK ‘minded’ to intervene in Paramount’s $110bn takeover of Warner Bros Discovery
The UK culture secretary, Lisa Nandy, intends to ask Britain’s media and competition watchdogs to examine Paramount’s $110bn (£85bn) acquisition of Warner Bros Discovery.
EY sacks graduate employee after he allegedly accessed Australian PM’s bank account
An employee at one of Australia’s big four accounting firms has been sacked after he and another man allegedly accessed the prime minister Anthony Albanese’s personal banking account.
Nearly 25% of UK pubs and restaurants lose money, research shows
Nearly a quarter of UK pubs, bars and restaurants are losing money, according to new survey data that came as a group of celebrity chefs and business owners stepped up their campaign for a sector-specific VAT cut.
FCA sets landmark crypto rules to cement the UK’s place as a global hub
Firms supporting people to buy, trade and hold crypto will need to meet clear standards under landmark rules set out by the FCA.
Telegraph’s £575m takeover by German group completed
Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year-old titles
Sainsbury’s chief says grocery inflation not as bad as feared so far
Supermarket has lifted sales with Aldi price match, and has benefited from hot weather and World Cup matches
EU halves duty-free steel quota but UK and other partners given better rate
Twelve countries with a free trade agreement with Brussels have their quota reduced by just one-third
ECB publishes indicative operational calendars for 2028
The European Central Bank (ECB) today published the indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2028.
Statistical Notice 2026/06 - Form PL - updates to definitions
The Bank of England will be updating the Form PL (Profit and Loss) definitions to improve consistency and alignment with the ONS UK National Accounts requirements.
ECB publishes indicative operational calendars for 2027
The European Central Bank (ECB) today published the indicative calendars for the Eurosystem’s regular tender operations and reserve maintenance periods in 2027.