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Chancellor plans set-piece new year speech to reboot growth ‘mission’ as invidious fiscal choices loom

UK chancellor says ‘there is a cost to not settling’ even as Treasury grapples with straitened finances

Plus, inflation updates from the US and Germany while the ECB is expected to lower borrowing costs by a quarter-point

UK chancellor’s trip improve ties with China has been overshadowed by sell-off in bond markets

Chancellor welcomes striking official data as allies set out ‘four-pronged response’ to Trump tariffs

Chancellor seeks to save £1bn on external contracts as part of spending review ahead of UK Budget

Chancellor’s civil service efficiency drive comes as government faces pressure from Trump administration over tech tax

Speech at Labour party conference fuels debate over future of chancellor’s borrowing rules

Figure is significantly more than the £22bn hole the government previously identified

Delay from planned spring 2025 Treasury announcement will extend period of uncertainty for government departments