23 h. ago How much money Elon Musk lost because of feud with Donald Trump

Musk's government contracts were on the line as he continued to take part in a savage war with words against Trump, with their partnership breaking down over a tax-cut and spending bill.

Politics

45 h. ago Biden dismisses Trump inquiry into his cognitive decline as a ‘distraction’

Former president says investigation of decision-making in office is designed to take focus off ‘disastrous legislation’Joe Biden accused Donald Trump of “distraction” after he launched an investigation into the former Democratic president’s time in office, claiming Biden’s top aides had covered up his cognitive decline and taken decisions on his behalf.Biden said in a statement widely emailed to US media that the move announced late on Wednesday came at a time when Trump was pushing a major piece of legislation that critics had said included massive tax cuts and huge slashes to social spending. Continue reading...

Politics

55 h. ago 'Bromance' is over as Elon Musk launches another scathing attack on Trump's 'big, beautiful bill'

Despite Trump's praises in the Oval Office last week, Elon Musk has continued his tirade against the "big, beautiful bill" of tax breaks and spending cuts, saying no one "should be able to stomach it"

Politics

59 h. ago Elon Musk turns on Donald Trump in scathing tirade against 'big beautiful bill'

Donald Trump's administration is pushing a piece of legislation in the United States which will be central to its agenda and will mean tax breaks as well as spending cuts

Politics

66 h. ago Voices: ‘Raising taxes is political suicide’: Readers tackle uncomfortable truth behind UK’s growth slump

Our community is sharply divided over how Rachel Reeves should fix the country’s finances. While some urged spending cuts over tax rises, others insisted ‘we really can’t afford to support the lifestyles of the mega wealthy’

Politics

3 d. ago Elon Musk brands Donald Trump's big tax break bill a 'disgusting abomination'

Donald Trump's administration is pushing a piece of legislation in the United States which will be central to its agenda and will mean tax breaks as well as spending cuts

Economics

8 d. ago Spending cuts and tax rises loom in ‘challenging period’ for ministers, with welfare bill set to top £9bn

Scottish Government warned by economic experts it faces ‘widening gap on social security’ and will ‘have to find additional resources’

Economics

1 week ago Rachel Reeves 'faces having to hike income tax, NICs or VAT this Autumn' to fill gaping hole in public finances as Cabinet war over spending cuts rages

Rachel Reeves faces having to fill a gap of between £10billion and £30billion in the public finances, with growth slowing and Trump's tariffs hitting global trade.

Economics

2 w. ago Trump’s ‘big, beautiful’ spending bill, from tax cuts to mass deportations

All the key points laid out in the US president’s House-approved sweeping bill as it awaits Senate considerationThe Republican-controlled House of Representatives on Thursday passed the One Big Beautiful Bill act, which would enact Donald Trump’s taxation and spending priorities. The legislation will now be considered in the Senate, where the Republican majority will probably make its own changes.Here is what the version of the bill passed by the House would do: Continue reading...

Economics

2 w. ago Don’t be fooled. Trump’s ‘One Big Beautiful Bill’ is typically ugly and typically misnamed | Arwa Mahdawi

Republicans love to make the most harmful laws sound sensible or even noble. This pretty-sounding package of tax breaks and spending cuts is just the latest exampleWhat’s big, beautiful and kept a lot of Republicans up late on Sunday night? There might be various responses to that question, but the answer I’m looking for is the One Big Beautiful Bill Act. Coming in at 1,116 pages, the bill isn’t quite War and Peace but it’s definitely big. Whether the mega-package of tax breaks and spending cuts is beautiful, however, is up for debate.And there has certainly been a lot of debate. The bill has been in limbo for a while because a few Republicans who consider themselves “fiscally conservative” are happy with the package’s extension of Trump’s 2017 tax cuts and increased spending for the military and immigration enforcement, but don’t think enough social and climate-related programmes have been slashed to pay for it all. In particular, they want deeper cuts to food stamps and Medicaid, ...

Politics

last month Labour warned of 'fight of our lives' against Nigel Farage as Rachel Reeves is battered by MPs over UK's 'economic doom loop'

Cabinet Office minister Pat McFadden appealed for the party to pull together in 'a battle for the very future and the heart and soul of our country'.

Events