Trump faces growing backlash over plans to import diesel from Russia

Trump on Friday announced that Russian President Vladimir Putin had agreed to release 300,000 tonnes of diesel immediately "to the American and global marketplace" followed by several other shipments. That is despite…

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Rampant inflation could land Healey with £35bn bill, IFS warns

The Chancellor has been warned that soaring borrowing costs could cause his fiscal headroom to all-but vanish, though the influential think tank has said inflation poses a bigger challenge. The IFS has found that higher…

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Citroen revives the 2CV for an electric age

The new model, unveiled at the Paris Motor Show, is a small city runabout with retro styling which harks back to one of the company's most famous designs. As a "concept car" intended to show Citroen's direction of…

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Volkswagen boss backs EU plan to bolster domestic European industry

The rules are aimed at countering the rapid rise of Chinese brands in Europe in the automotive sector and other important manufacturing industries. Lower-priced Chinese manufacturers have prompted a crisis in several…

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Trump’s deal with Putin will have little impact on US diesel prices, experts say

The US president infuriated Volodymyr Zelenskyy when he announced the deal on Friday, writing on Truth Social that the agreement with his Russia counterpart to supply millions of tonnes of diesel was essential to reduce…

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Healey rules out expanding mansion tax to £1.5m homes

The Chancellor had been considering widening its council tax surcharge to cover homes valued at £1.5m or more, as the Treasury seeks extra revenue to fund cost of living support. Former chancellor Rachel Reeves announced…

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Britain’s biggest bingo chain explores sale despite tax raid threat

Asset manager ICG has appointed bankers to advise on discussions with potential buyers for Buzz Bingo, it is understood. The Nottingham-based chain is looking for a new owner which could provide fresh investment to…

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US’s Reagan-era economic promises return as Trump’s AI-fueled growth fantasy

The promise never really panned out. From the Gipper's day on, the Republicans' tax cuts inevitably increased the budget deficit. Despite its failure, though, the promise is back, coated in a fine new layer of artificial…

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‘Some aren’t going to make it’: how pressure on farmers threatens UK food security

Sitting in his tractor at his arable farm in Norfolk, Burrows is listing the multiple challenges facing him and other food producers. Crop growers such as Burrows are ploughing and cultivating their fields, preparing the…

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Britain ‘becoming incubator nation’ of firms that flee London

The Chancellor has been told to take immediate action to revive the London stock market, as City leaders warned that the exodus of British start-ups is “not business as usual”. The Capital Markets Industry Taskforce…

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