Politics

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie Dimon Business live – latest updates The boss of JP Morgan, Jamie Dimon, has warned Andy Burnham against raising tax charges on banks, suggesting it could threaten plans to build its £3bn headquarters in London and drive investment away from Britain. The chief executive of the world’s biggest bank, who has a track record of criticising the UK’s bank tax surcharge , does not want to see the UK’s new prime minister targeting the banking industry to raise extra revenue. Continue reading...

The Guardian Politics • 4 hours ago

Unemployment holds steady at 4.9%, underlining the challenge facing the new prime minister Business live – latest updates Employers cut the number of job vacancies in May, according to official figures that highlight the UK’s “fragile” economic outlook amid the conflict in the Middle East. Job vacancies fell to 712,000 – almost half the level in 2022 – as employers put off hiring new staff in the three months to May, the Office for National Statistics said. Continue reading...

The Guardian Politics • 5 hours ago

Tories, Reform, fossil fuel industry and some in his party lined up against net zero agenda as energy secretary “Whenever the Labour party feels a bit sad,” according to one close observer of the current government, speaking some months ago, “they wheel out Ed Miliband to talk about rooftop solar .” It might not have been literally true, but it often felt during Keir Starmer’s premiership as if energy secretary Miliband brought the sun. Unfailingly upbeat, with a simple message that was understandable to voters, he had a clear mission – to decarbonise the UK’s power sector by 2030 – that was seen to be progressing fast. Continue reading...

The Guardian Politics • 5 hours ago

Figure of £16bn from ONS comes after new prime minister revealed plans to cut VAT on electricity bills Business live – latest updates The UK government borrowed less than expected in June, in a boost for Andy Burnham as he set out plans to cut VAT on household electricity bills and promised a new direction for the British economy. The Office for National Statistics (ONS) said public sector net borrowing – the difference between government spending and income – was £16bn last month, £7.9bn less than in June 2025. Continue reading...

The Guardian Politics • 5 hours ago

The DOJ is investigating whether Harvard allowed Chinese donors to create scholarships excluding American students, potentially violating the Civil Rights Act.

Fox News Politics • 5 hours ago

Vertical Aerospace says government has given £10m backing, taking its total investment in the project to £48m British flying taxi startup Vertical Aerospace has said the UK government has expressed interest in buying a military variant of its aircraft as it races to gain approval for flights with paying passengers. Vertical also welcomed another £10m grant from the government, taking its total UK state funding to £48m . Continue reading...

The Guardian Politics • 6 hours ago