Politics
Bank of England chief economist warns against ‘complacency’ in fight against inflation – business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
Politics
Politics
Reversing UK employment tax rises ‘would do little to help young people find jobs’
Resolution Foundation calls for extra funding for apprenticeships and increase in number of youth support grants
Politics
New campaign urges public to reduce water use as UK emerges from heatwave
Exclusive: £75m publicity drive will ask people to treat water as precious resource and cut daily use by 28 litres
Politics
Shares in chipmakers underpinning AI boom rocket in first half of 2026
Value of some chip manufacturers have tripled, or more, driving Asia Pacific stock markets sharply higher
Politics
Good for business – or profit at any cost? The controversial side of private equity – a visual explainer
While it can transform firms for better or worse, the use of private equity in essential services is attracting scrutiny. Here we examine some of its more contentious elements in the UK veterinary sector
Politics
‘Meet me at the dancing dogs tent!’ What’s behind Britain’s festival frenzy?
They used to mean crusties, hippies, all-male lineups, near riots and burning toilets. Now, from Dorset to Inverness, there’s a festival – and a costume – for everyone. What caused this boom? And is there a dark side?
Politics
‘We’re up against forces that have all the money in the world’: Erin Brockovich on her battle against AI datacentres
In 1993, she squeezed a $333m settlement from a Californian energy company in a scandal over contaminated water. Three decades later, she has a new target in her sights – and it’s global
Politics
London mayor to override opposition to outdoor dining in Soho next summer
Exclusive: Sadiq Khan plans to use new powers after local council opposes city scheme for seasonal pedestrianisation
Politics
Pause HS2 reset until you are confident it can be delivered, NAO tells ministers
Revised plans for HS2 should not be put into action until the government is confident they can be delivered, according to the public spending watchdog.
Politics
Developers want to build on top of my flat and there’s nothing I can do to stop it | Letter
Mauro Murgia highlights how little safety or security there is for leasehold flat owners if the freeholder wants to monetise roof space
Politics
Sky makes £2bn spending pledge as it prepares takeover of ITV broadcasting arm
Sky has committed to spending £2bn on ITV’s studios business over the next five years as it hammers out a takeover of its broadcasting arm, a move that will safeguard the future of popular programmes such as Coronation …
Politics
Sir Geoffrey Whalen obituary
One of the heroes of the British motor industry in the late 20th century, Sir Geoffrey Whalen, who has died aged 90, was bloodied in the interminable, but ultimately futile, battle to make British Leyland succeed, yet h…
Politics
England players using drink developed by Brownlee to help beat World Cup heat
England’s players are using a sports drink developed by the double Olympic triathlon champion Alistair Brownlee to help control their body temperatures at the World Cup.
Politics
Feeling bored and disconnected for your job? You may be facing workplace 'rust-out' | Gene Marks
The latest work buzzword describes feeling under-stimulated at your job – but you can break free from workplace monotony
Politics
‘Financial pandemic’: £1 in every £11 spent on UK public contractors goes to private equity
‘Treating children like cattle’: what happens when private equity takes over a UK care home?
Politics
‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law
Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loans
Politics
Spirit airlines is dead and a bus travel boom looks likely – but will Greyhounds ever be cool again?
“It’s a grueling experience,” Greyhound bus enthusiast Miles Taylor explains. “You’re not treated very well. Everyone is yelling at you the entire time. When the bus is late, they blame you for it, like somehow you’ve d…
Politics
Ministers urged to curb energy costs as Great British homes face 13% bill surge
Quarterly Ofgem price cap rises to equivalent of £1,862 a year from 1 July amid growing consumer energy debt
Politics
When it comes to taxing the super rich, there’s no need to reinvent the wheel
In this new era of rampaging oligarchs, nothing may seem as satisfying as slapping a tax on Elon Musk ’s new trillion-dollar fortune. What most bothers Americans about federal taxes is that billionaires don’t pay their …
Politics
Ed Miliband as chancellor would benefit every part of the UK – and the bond markets | Josh Ryan-Collins
If Andy Burnham chooses the energy secretary, Labour could fully use the benefits of net zero to promote growth and jobs
Politics
Lost your crypto access code? Be wary, there‘s a scam for that too
A niche type of fraud is lucrative enough for criminals to set up fake websites with dodgy software to harvest your data
Politics
‘British food will disappear’: trade deal after Brexit is hitting UK farmers hard
Home-grown food may become a niche product for wealthy in our supermarkets as British farmers’ incomes plummet
Politics
Will Andy Burnham ‘go big’ in expanding the role of the state?
In the first of a series on nationalisation, we look at the critical tests ahead for the PM-in-waiting, from choosing a chancellor to the future of Thames Water
Politics
Labour has abandoned the missions that brought it to power. Here's how Burnham could revive them. | Mariana Mazzucato
With a new prime minister incoming, Labour faces a fundamental question about its economic vision