Business News

Sir Keir Starmer and Rachel Reeves have scrapped plans to break their manifesto pledge and raise income tax rates in a massive U-turn less than two weeks from the budget.

The number of domestic UK flights has more than halved over the past 20 years, even as global air travel continues to grow.

An influential coalition of leaders from Britain's professional services sector has warned Rachel Reeves that a Budget tax raid on the sector would "stunt growth" in the UK's faltering economy.

The electric vehicle-leasing business which forms part of the same group as Britain's biggest household energy supplier will on Friday announce a £500m extension to its financing war chest.

The UK's economic slowdown gathered further momentum during the third quarter of the year with growth of just 0.1%, according to an early official estimate that makes horrific reading for the chancellor.

Drivers of electric vehicles (EVs) will have to pay congestion charges in central London early next year - a move described by the AA as a "backward" step.

We'll get to the actual economics in a moment - to the questions of why the economy is flatlining and what it means for Rachel Reeves' forthcoming budget. But before that, let's take a moment to ponder something rather extraordinary.

The British Medical Association (BMA) has defended a new round of resident doctor walkouts starting on Friday, insisting medics' pay is still "way down" compared with 2008 and that the government has failed to finish "a journey" towards restoring it.

The announcement of plans to issue Scottish government bonds is a "very proud day for Scotland", First Minister John Swinney has said.

Wylfa, on Anglesey, also known as Ynys Mon, has been chosen as the site for the UK's first small modular reactor nuclear power station, the UK government has confirmed.