Rachel Reeves is set to officially delay a series of “unfunded” hospital and road projects, as part of measures to tackle an estimated £20 billion fiscal hole left by schemes championed by the previous Conservative government.

Revolut has obtained a UK banking licence after over three years of negotiations with regulators, enhancing its growth prospects in the domestic market, reports the Financial Times.

US technology stocks have experienced a significant decline due to major companies like Tesla and Alphabet failing to meet market expectations, causing investors to shift their focus towards smaller companies and AI ventures.

Ministers may need to put Britain’s high-speed rail plans on hold as a result of significant cost overruns and delays, highlighting broader economic challenges and budgetary constraints, compounded by warnings about the NHS reaching a critical point and potential future reductions in transport capacity.