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Greens challenge Burnham over Sainsbury’s youth placements■US seeks stake in Venezuelan oil fields holding 65bn barrels■Workers face risk from AI market bets, Bank chief warns■Burnham excludes more offences from early prison release plan■Israeli militias committed war crimes against Gazans, testimony shows■Burnham drops political donations cap he promised to voters■Greens challenge Burnham over Sainsbury’s youth placements■US seeks stake in Venezuelan oil fields holding 65bn barrels■Workers face risk from AI market bets, Bank chief warns■Burnham excludes more offences from early prison release plan■Israeli militias committed war crimes against Gazans, testimony shows■Burnham drops political donations cap he promised to voters■

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rachel-reeves

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Official cabinet portrait of Rachel Reeves, whose threshold freeze fuels the wealth tax middle class debate, standing in front of a Union Jack flag.

Fiscal drag taxes 920,000 workers

Nearly a million workers were dragged into higher tax bands this year while ministers still refuse to touch untaxed…

The Bank of England headquarters building on Threadneedle Street, London, with pedestrians and a red double-decker bus passing.

Households pay for bank’s capital cuts

The Bank of England is thinning bank safety buffers days after warning that AI-fuelled stock debt could trigger a crash…

April borrowing hits £24.3bn as inflation drives up benefits and pension costs

April borrowing hits £24.3bn as inflation drives up benefits and pension costs

UK government borrowing hit £24.3bn in April, the second highest on record, as inflation drove up state pension costs…