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Higher interest rates continue to fuel surge in dealmaking, according to new forecast

Government has failed to evaluate industry carbon footprint claims, says NAO

Allies in stand-off on how much EU content can be in vehicles as post-Brexit deal runs out

Nissan, BMW and JLR spending decisions come as output passed 1mn vehicles a year

Auto groups told ministers on Friday they wanted more support for the sector domestically

Also in this newsletter: Altman back at OpenAI, ECB stress warning, tips from bomb disposal expert

Government officials said no decision had been made but Reeves would not press ahead with policy that did not raise any money

Rachel Reeves had hoped to raise £1bn a year by tightening rules on ‘non-doms’

Jeremy Hunt holds open possibility of two Budgets before next national vote