55 h. ago Water rescue units and emergency services descend on River Roch

A man was rescued by specialist fire crews

Events

65 h. ago 'Contemptible' Thames Water accused of 'telling lies to the British public' in dividends row

The scathing criticism came as peers discussed a collapsed rescue deal for the debt-laden firm

Politics

67 h. ago Tories will ‘never again’ put economy at risk like Liz Truss did, Mel Stride says

Shadow chancellor accepts Truss’s mini-budget badly damaged party in clearest repudiation yet of ex-PMUK politics live – latest updatesThe Conservatives will “never again” put the economy at risk with unfunded tax cuts like those in Liz Truss’s mini-budget, the shadow chancellor has said, in the party’s clearest repudiation yet of the former prime minister.In a speech on the economy, Mel Stride went beyond any comments made by the Tory leader, Kemi Badenoch, to accept that Truss’s September 2022 fiscal plans, which involved about £45bn in unfunded tax cuts and quickly unravelled, badly dented the party’s reputation. Continue reading...

Economics

69 h. ago 'Contemptible' Thames Water accused in Parliament of 'telling lies to the British public' in dividends row

The scathing criticism came as peers discussed a collapsed rescue deal for the debt-laden firm

Politics

3 d. ago Tories will ‘never again’ put economy at risk like Liz Truss did, Mel Stride to say

Shadow chancellor to accept Truss’s mini-budget badly damaged party in clearest repudiation yet of ex-PMThe Conservatives will “never again” risk the economy with unfunded tax cuts like those in Liz Truss’s mini-budget, the shadow chancellor is to say in the party’s clearest repudiation yet of the former prime minister.Making a speech on the economy, Mel Stride is expected to go beyond any comments made by the Tory leader, Kemi Badenoch, thus far to accept that Truss’s September 2022 fiscal plans, which involved about £45bn in unfunded tax cuts and quickly unravelled, badly dented the reputation of the party. Continue reading...

Economics

3 d. ago Thames Water creditors warn of "short and closing window" to agree rescue deal

A group of more than 100 creditors holding £13 billion of Thames Water debt said time is running out

Events

4 d. ago Thames Water nationalisation ‘not the answer’ says minister after private equity rescue fails

Future of Britain’s biggest water supplier in question as investor pulls out of turnaround plan

Events

4 d. ago Cops dramatically rescue three men left treading water in darkness after their plane crashed off Florida coast

Officials scoured the waters off of Vero Beach in darkness before eventually spotting ‘three heads bobbing in the water’

Events

4 d. ago KKR cites political risk in withdrawal from Thames Water rescue deal

US private equity firm’s decision throws future of Britain’s largest water utility into doubt

Events

4 d. ago Thames Water rescue takeover collapses after private equity firm KKR drops out

The troubled utility is taking forward talks with ‘certain senior creditors’ on an alternative plan to recapitalise the business.

Events

4 d. ago US private equity firm KKR drops bid to buy troubled British utility Thames Water

British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company

Economics

4 d. ago Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live

Rolling coverage of the latest economic and financial news, as OECD forecasts global growth will slow to 2.9% in 2025 and 2026UK will slump to 1% growth next year as Trump tariffs bite, says OECDUS firms say Trump trade war is hitting production as dollar nears three-year lowUS economic growth is expected to slow markedly to 1.6% in 2025 and 1.5% in 2026, the OECD says.That’s relatively weak growth by recent standard, and slower than the “robust” growth of 2.8% recorded in 2024.Annual headline inflation is set to pick up to 3.9% by end-2025 due to higher import prices but is expected to ease throughout 2026, aided by moderate GDP growth and higher unemployment.Risks to the growth projection are skewed to the downside, including a more substantial slowing of economic activity in the face of policy uncertainty, greater-than-expected upward pressure on prices from tariff increases, and large financial market corrections. Continue reading...

Events

4 d. ago New York private equity giant KKR pulls out of Thames Water rescue

Thames Water boss says he is “disappointed” by KKR’s decision

Events

5 d. ago Do not take risk of importing divisive politics, Swinney tells Hamilton voters

Voters in Hamilton, Larkhall and Stonehouse are set to go to the polls on Thursday.

Politics

9 d. ago UK’s top lawyer attacks Badenoch over call to leave European human rights treaty

Attorney-general Richard Hermer says ‘pseudo-realist’ politicians risk providing ‘succour to Putin’

Events

1 week ago Girl 'falls into water' at Baitings Dam with huge search and rescue mission underway

Emergency crews were called to assist the search at Baitings Dam reservoir

Events

2 w. ago Thames Water: big bonuses due from emergency £3bn loan ‘withdrawn’

Environment secretary makes announcement after company’s chair said he ‘may have misspoken’ to MPsLarge bonuses due to be paid to Thames Water executives from an emergency £3bn loan have been “withdrawn”, the environment secretary, Steve Reed, said, after the Guardian revealed the chair of the company wrongly told parliament creditors had “insisted” on the payments.Reed told the environment, food and rural affairs (Efra) committee on Tuesday that the retention payment plan had been withdrawn by Thames Water. He said: “I am very happy indeed that Thames have now dropped those proposals. It was the wrong thing to do. They have now withdrawn their proposal to make those payments.” Continue reading...

Economics

3 w. ago Arran ferry MV Glen Sannox joins coastguard to help rescue five from boat "taking on water"

Crews from the RNLI in Troon and the MV Glen Sannox came to the aid of a 7m vessel "taking on water" on Wednesday evening.

Events

3 w. ago 150 students and 50 adults are rescued from elementary school after flood waters consume town

Students and staff at Westernport Elementary School in Maryland evacuated the school on rescue boats as flood water reached the ceiling of the first floor.

Events

3 w. ago Air and sea search underway to find 'missing yacht' off Scottish coast

Rescue teams are in the air and the water searching for a missing yacht off of Scotland's coast.

Events