16 h. ago Spending review 2025 – live: Reeves criticised for ‘fantasy’ plan as economists warn tax hikes ‘very likely’

Chancellor Rachel Reeves insists she will never have to repeat last year’s Autumn Budget, when tax rises were announced

Events

6 d. ago Trump attacks Musk saying ‘first buddy’ was ‘wearing thin and asked to leave’ after Musk takes credit for 2024 win

‘Elon was ‘wearing thin,’ I asked him to leave,’ the president wrote on Truth Social on Thursday

Politics

6 d. ago Musk goes scorched earth and says he is the reason why Trump won in 2024

The world’s richest man fired back at comments made by the president on Thursday

Politics

6 d. ago Trump says he’s ‘very disappointed in Elon’ and unsure if they will have good relationship after Musk’s criticism of his tax bill – live

US president says he’d rather have Elon Musk criticize him than the tax legislation because ‘the bill is incredible’President Vladimir Putin told US president Donald Trump that he was ready to use Russia’s close partnership with Iran to help with negotiations over Iran’s nuclear programme, the Kremlin said on Thursday.Trump said after a phone call with Putin on Wednesday that time was running out for Iran to make a decision on its nuclear programme and that he believed Putin agreed that the Islamic Republic should not have nuclear weapons. Continue reading...

Politics

9 d. ago Trump’s tax bill helps the rich, hurts the poor and adds trillions to the deficit | Katrina vanden Heuvel

The ‘big, beautiful bill’ has reaffirmed that a pledged golden age is really just a windfall for the uber-wealthyThe blush is off the rose, or, rather, the orange. The erstwhile “First Buddy” and born-again fiscal hawk Elon Musk recently said he was “disappointed” by Donald Trump’s spendthrift budget currently under debate in the US Senate. Squeaking through the House of Representatives thanks to the capitulation of several Republican deficit hardliners, this “big, beautiful bill” certainly increases the federal debt bigly – by nearly $4tn over the next decade.Equally disappointed are those who have been busy burnishing Trump’s populist veneer. Steve Bannon had repeatedly promised higher taxes for millionaires, but he has confessed he’s “very upset”. That’s because the bill would cut taxes by over $600bn for the top 1% of wage-earners, also known as millionaires. It amounts to the largest upward transfer of wealth in American history. Continue reading...

Politics

2 w. ago Trump says he will be negotiating the ‘big, beautiful’ tax bill after Musk criticizes it – live

Trump says the bill ‘needs to get a lot of support’ in Congress, adding ‘we have to get a lot of votes’Musk says Trump tax bill weakens Doge cost-cutting measuresThe vice-president, JD Vance, is scheduled to deliver the keynote address at the Bitcoin 2025 Conference in Vegas, which will set out the Trump administration’s turbocharged approach to the US crypto industry.If you cast your minds back, it’s the same conference Trump spoke at last year in Nashville calling for America to become a “bitcoin superpower” and the “crypto capital of the planet” under his leadership.At 4:30pm ET, Trump’s sons Eric and Donald Trump Jr will speak at the very same conference in Vegas. It’s presumably an industry they feel invested in, given they back a major Bitcoin venture themselves, per Reuters. And it comes just a day after a separate family-linked business, the Trump Media & Technology Group, announced its intention to raise $2.5bn to invest in bitcoin, as the Wall Street Journal reports. A...

Politics