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US firm collapses ringing ‘alarm bells’, says Bank of England chief
The collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…
OBR chair Richard Hughes resigns over Budget day publishing error
Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…
NHS, bills, immigration: Towns talking points ahead of election
The countdown is on to the 2026 Scottish elections – voters will be heading to the polls in just six weeks. With a third of MSPs not seeking re-election, it will be a very different parliament to the last. The BBC’s Scotland correspondent Lorna Gordon went to the Hamilton, Larkhall and Stonehouse constituency to find…
EU reaches South America trade deal after 25 years of talks
The EU has reached a free trade agreement with Brazil, Argentina, Paraguay and Uruguay, 25 years after talks began and despite opposition from farmers in several European countries. The deal with the Mercosur trading bloc will require the approval of the European parliament within the next few months Brazil’s President Luiz Inacio Lula da Silva…
Five carmakers go on trial over emissions cheat claims
Emer MoreauBusiness reporter Getty Images A major lawsuit against five leading carmakers accused of cheating on emissions tests is set to begin at the High Court on Monday. The trial is the latest chapter of what has become known as the “dieselgate” scandal, with the companies facing allegations they used software to allow their cars…
