Warning over 'fragile' public finances as borrowing rises
The UK borrowed £23.3bn in May, according to official figures, up almost a third on the same month last year.
Regulation
Hot weather behind rise in retail sales in Great Britain in May
Retail sales bounced back to growth in May as record hot weather spurred sales of fans and paddling pools, while online purchases also soared.
Trump’s Iran deal could place his legacy in the hands of Tehran
Donald Trump’s first recorded foray into politics was sparked by the 1979 takeover of the US embassy in Tehran, which saw 52 American diplomats held incommunicado for 444 days.
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KPMG leaked confidential Optus information and surveilled whistleblower’s laptop, inquiry hears
International firm owns up to breach of ethics after staff leaked confidential Optus information while bidding for telco contract
On the trail of the dotcom queen: how Julie Meyer left a pattern of unpaid bills, missing funds and broken dreams in her wake
Investigation: The entrepreneur was once the toast of London’s tech scene, a ‘global leader of tomorrow’ who starred on Dragons’ Den and promised untold riches for the startups she championed. But people she worked with…
Normal shipping will not resume in strait of Hormuz until 80 mines cleared
Tanker owner trade body says centre of strait will remain closed for ‘some time’, with vessels risking running aground by taking Omani route
UK borrowing surges over forecasts in May as government spending rises – business live
Martin Beck, chief economist at WPI Strategy, has warned that the underlying picture of the UK public finances “remains uncomfortable”, even if the US-Iran deal helps to ease inflation.
This major Makerfield victory has made it inevitable: it’s now time for Keir Starmer to step aside | Neal Lawson
That tingle of emotion you felt when you awoke today? That is the long-lost feeling of progressive hope. That it comes from Makerfield is all the more remarkable. Reform has been defeated in a seat that it should have w…
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MPs urge Fujitsu to make ‘immediate’ payment to Post Office Horizon victims
The Japanese tech company at the centre of the Post Office IT scandal is facing calls from a parliamentary committee to make an “immediate” payment towards the compensation bill for victims.
Telegram questioned by Ofcom after arsonist who targeted Starmer-linked properties recruited on app
Exclusive: Telegram urged to clarify how it detects illegal incitement after attacks were coordinated using app
PRA sets out adjustments to its market risk internal model approach under Basel 3.1
The Prudential Regulation Authority (PRA) has today published a consultation on the internal model approach to market risk (IMA), which represents the final piece of Basel 3.1’s implementation in the UK.
Labour’s Andy Burnham gives victory speech after winning Makerfield byelection – video
In his victory speech, Labour's Andy Burnham said the result 'could be a turning point' and that people had 'voted for change, they have voted for more power for the north and everywhere forgotten by Westminster'. He sa…
Burnham brings in top economists before possible leadership run
Three economic heavyweights have been brought in to advise Andy Burnham as he attempts to reassure the markets before his return to parliament and possible challenge to Keir Starmer .
Think like a billionaire part one – podcast
Glamorous, rich and well-connected, Julie Meyer was a darling of the dotcom boom. But people who worked with the entrepreneur complain about unpaid wages, debts to suppliers and missing money. Journalist Olivia Lee and …
California ‘billionaire tax’ makes ballot despite opposition from tech moguls
Wealth tax criticized by billionaires and Gavin Newsom would levy a one-time 5% tax on residents worth over $1bn
Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator
The punishments of Alexander Mashinsky, the imprisoned former chief of Celsius until its high-profile collapse, continue with a formal banishment from any ability to seek business with the U.S. Commodity Futures Trading…
Federal Reserve Board issues enforcement action with former employee of Bank of Eufaula and S N B Bancshares, Inc.
The Federal Reserve Board on Thursday announced that it had prohibited Thomas Engelbrecht from future participation in the banking industry and fined him $125,000.
SEC, CFTC Seek Public Comment to Further Clarify and Harmonize Derivatives Product Definitions
On June 18, 2026, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC; together with the SEC, the Commissions) issued a joint request for comment (RFC) on “potential opportunities…
Another FTSE 100 firm falls to private equity. Where are the new listings? | Nils Pratley
It would be a stretch to describe the £10bn-ish takeover of Intertek as a landmark event for the London stock market or the FTSE 100 index.
SEC, CFTC Seek Public Input on Data Reporting Frameworks for Security-Based Swap and Swap Markets
On June 18, 2026, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC; together with the SEC, the Commissions) issued a joint request for comment (RFC) on “potential opportunities…
The Guardian view on OnlyFans: revelations of abusive middlemen merit MPs’ attention | Editorial
Since its launch a decade ago, and throughout its journey to becoming one of the UK’s most successful internet startups, OnlyFans – which was valued at more than £3bn in April – has presented itself as a vehicle for con…
The billionaire hidden behind the curtain inside Trump’s Pentagon
The only available video over the last 15 months of the official who really wields power in Donald Trump ’s Pentagon is a cartoon animation. Released in May on X by the US government, it shows a silver haired figure in …
‘Cynical to get power’: Michel Barnier on Boris Johnson, Brexit and the EU’s future
A couple of years ago, Michel Barnier spent a weekend with Boris Johnson’s father, Stanley. It was not some ghoulish Brexit spin-off of The Traitors, but the result of the former EU negotiator’s wife, Isabelle, being a …
UK could keep special pre-Brexit terms if it rejoined EU, Michel Barnier says
Exclusive: Former chief Brexit negotiator says staying out of euro and Schengen area would be ‘perfectly possible’