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Figure of £7.8bn marks boost for chancellor Jeremy Hunt’s efforts to cut taxes ahead of general election

Better than expected data on budget deficit raises pressure on chancellor Jeremy Hunt to outline tax cuts

Gap between gilt and Treasury yields rises to highest level in nearly a year

Blow to chancellor Rachel Reeves ahead of October Budget

Transport secretary Louise Haigh says she is ‘listening mode’ about manufacturers’ challenges

Sale of part of state’s holding in high street bank to follow selection of permanent chief executive

Labour minister had warned of the ‘economy crashing’ without immediate cuts

US defence contractor failed to meet delivery timescale for key phase of Morpheus communications programme, says MoD