1 week ago UK will not be haven for dirty money, Lammy to say in corruption crackdown

Exclusive: Justice secretary to announce measures aimed at countering illicit finance as well as bribery in public servicesThe UK will no longer be a haven for dirty money and dictators’ laundered assets, David Lammy is to promise as he announces a new anti-corruption strategy also aimed at tackling bribery and other misconduct across government and public services.Setting out the plan in a speech in London on Monday, Lammy, the justice secretary and deputy prime minister, will announce a series of initiatives including extra funding for an elite anti-corruption police unit. Continue reading...

Politics

2 w. ago Reeves ‘very clearly’ misled the public ahead of the Budget – Swinney

Labour ministers have denied any suggestion that Ms Reeves misled voters.

Politics

2 w. ago Rachel Reeves urged to quit over Budget 'lying' as Keir Starmer denies misleading voters

Keir Starmer backed his Chancellor over claims she knew about a rosier economic outlook when she made a gloomy speech about the Budget.

Politics

2 w. ago Rachel Reeves latest: Starmer to back chancellor as she faces growing pressure over Budget black hole row

Downing Street denies claims that Rachel Reeves misled the public about a £20 billion black hole in the public finances

Events

3 w. ago No10 denies Rachel Reeves misled public over the economy in run up to Budget

Rachel Reeves had signalled that she could be forced to hike income tax in the Budget to plug an economic black hole -estimated by experts to be around £20billion

Economics

3 w. ago No 10 denies Reeves misled public over the UK's finances ahead of Budget

Conservative leader Kemi Badenoch claimed the Chancellor had ‘lied to the public’ and should be sacked

Economics

3 w. ago No 10 denies Reeves misled over black hole as OBR letter challenges warnings

The Chancellor was told in October by the Budget watchdog that her spending plans would no longer incur a black hole.

Events

4 w. ago Falling stock markets and high shop prices push US consumer confidence down; bitcoin hits nine

Rolling coverage of the latest economic and financial newsShares are falling faster than wickets in Perth at the start of trading in London, as fears of an AI bubble rip through markets again.Following losses on Wall Street last night, the FTSE 100 share index has dropped by 104 points, or just over 1%, at the start of trading to 9423 points. That’s a one-month low.it’s been a truly remarkable 24 hours, with a sequence of moves that were almost impossible to predict .After the world’s largest company reported spectacular results, the stock was up around +5% by 3pm London time. It closed down -3.15%. The broader market followed a similar pattern: the S&P 500 initially climbed +1.93%, only to fade and close down -1.56% as doubts about AI valuations crept back in. That marked the biggest intra-day swing for the S&P since the six days of extreme market turmoil that followed the Liberation Day tariffs in early April. Adding to the negative backdrop for crypto were lingering quest...

Economics

4 w. ago Markets on track for worst week since April, and bitcoin hits nine

Rolling coverage of the latest economic and financial newsShares are falling faster than wickets in Perth at the start of trading in London, as fears of an AI bubble rip through markets again.Following losses on Wall Street last night, the FTSE 100 share index has dropped by 104 points, or just over 1%, at the start of trading to 9423 points. That’s a one-month low.it’s been a truly remarkable 24 hours, with a sequence of moves that were almost impossible to predict .After the world’s largest company reported spectacular results, the stock was up around +5% by 3pm London time. It closed down -3.15%. The broader market followed a similar pattern: the S&P 500 initially climbed +1.93%, only to fade and close down -1.56% as doubts about AI valuations crept back in. That marked the biggest intra-day swing for the S&P since the six days of extreme market turmoil that followed the Liberation Day tariffs in early April. Adding to the negative backdrop for crypto were lingering quest...

Events

4 w. ago Markets on track for worst week since April as AI bubble fears mount; UK borrowing exceeds forecasts in October – business live

Rolling coverage of the latest economic and financial newsShares are falling faster than wickets in Perth at the start of trading in London, as fears of an AI bubble rip through markets again.Following losses on Wall Street last night, the FTSE 100 share index has dropped by 104 points, or just over 1%, at the start of trading to 9423 points. That’s a one-month low.it’s been a truly remarkable 24 hours, with a sequence of moves that were almost impossible to predict .After the world’s largest company reported spectacular results, the stock was up around +5% by 3pm London time. It closed down -3.15%. The broader market followed a similar pattern: the S&P 500 initially climbed +1.93%, only to fade and close down -1.56% as doubts about AI valuations crept back in. That marked the biggest intra-day swing for the S&P since the six days of extreme market turmoil that followed the Liberation Day tariffs in early April. Adding to the negative backdrop for crypto were lingering quest...

Economics