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No 10 backs Rachel Reeves to remain in post for rest of parliament
Rachel Reeves will remain as chancellor until the next general election, Keir Starmer has insisted, as he warned the Treasury would be “ruthless” over public spending cuts to help meet the government’s fiscal rules.
The Treasury is looking for billions of pounds of savings from departmental budgets to balance the …
Saba is not a saviour of UK investment trusts. Look at its own miserable record | Nils Pratley
The great advantage of hostile takeover battles for public companies is that you get a clean punch-up. The records of both parties – bidder and target – are put in the spotlight. Every claim is tested in open argument over many weeks. At the end of the process, shareholders make …
Delayed Scottish ferry finally sets sail to Isle of Arran – almost seven years late
It set sail nearly seven years late but in the event proved its worth. After quelling stormy seas that left two other ferries sheltering in harbour, the Glen Sannox is finally serving islanders on Arran.
As if to prove its durability, some passengers on its first scheduled voyage at dawn …
Water shortage fears as Labour’s first AI growth zone sited next to new reservoir
Key takeaways from Keir Starmer’s action plan for AI
The UK government has unveiled a
to boost the country’s role in developing and deploying artificial intelligence. The 50 recommendations fromthe report
, written by the tech investor Matt Clifford, have been endorsed by Keir Starmer, who says the technology will drive “incredible …GSK to buy US cancer drug firm IDRx for up to $1.15bn
GSK has struck a deal worth up to $1.15bn (£950m) to acquire a Massachusetts-based developer of rare cancer therapies, in an attempt to bolster its expanding oncology business.
behind AstraZeneca, said the acquisition of IDRx, based in Plymouth near Boston, would help it …Liz Truss says UK will fail unless British media outlets are ‘fixed’
Liz Truss, who has positioned herself as a champion of free speech since her short time in Downing Street, has said the country will fail unless British media outlets such as the Guardian, the Times and the BBC are “fixed”.
The former prime minister, who described herself as a “big …
Ryanair calls for limit of two alcoholic drinks at airports in Europe
Ryanair wants a limit of two alcoholic drinks at airports, as the airline released further details of legal action to recover €15,000 (£12,615) in costs related to a diversion it said was caused by an allegedly disruptive passenger.
The airline has called on European authorities to bring in new curbs …
Pound hits 14-month low against dollar as CBI hits out over ‘hole in confidence’
The head of Britain’s biggest lobby group has accused the government of damaging business “confidence and trust”, as the pound hit a new 14-month low against the US dollar.
Rupert Soames, the chair of the Confederation of British Industry (CBI), criticised the measures being introduced by the government.
Sterling fell …