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UK’s public spending watchdog to investigate Lower Thames Crossing project
Exclusive: Campaigners voice concerns over rising costs of £11bn Essex to Kent road tunnelThe UK’s public spending watchdog has said it plans to investigate the Lower Thames Crossing, as campaigners voice concerns over the rising costs of one of the UK’s largest infrastructure projects.The head of the National Audit Office (NAO) said he anticipated the agency would “examine and report” on the planned £11bn road tunnel between Kent and Essex, and that work to monitor the project had alr
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George and Fiona Cottrell understood to have been interviewed under caution by Met police
Exclusive: Interviews of Farage aide and his mother believed to be part of investigation into donations to Reform UK before 2024 electionNigel Farage’s aide George Cottrell and his mother, Fiona Cottrell, have been interviewed under criminal caution by Scotland Yard detectives, the Guardian understands.The interviews are understood to form part of an ongoing investigation into donations to Reform UK before the general election in July 2024. Continue reading...
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Ministers plan legally binding debt targets for England’s water companies
Exclusive: Move comes as allies of Andy Burnham work on proposals to take water companies into public controlMinisters are drawing up plans to set legally binding debt targets for England’s water companies as they look for ways to avoid another corporate failure such as Thames Water.Sources say Emma Reynolds, the environment secretary, is working on proposals that would force companies to keep their debt below certain levels for the first time or face legal punishment. Continue reading
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Reeves to launch City ‘skills compact’ committing firms to retrain staff in AI
Exclusive: Plan to improve skills of thousands of financial sector workers to keep pace with tech revolutionChancellor Rachel Reeves is to announce a new City “skills compact” that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution.The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves’s final Mansion House speech to City bosses before Andy Burnham’s expected takeover of
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Millions of pounds and many, many questions: the untold story of why Reform figures face NCA scrutiny
Exclusive: The details behind the financial transactions that bankers have flagged up to the National Crime AgencyThe rise in public support for Reform UK – and Nigel Farage’s own prediction that he expects to be the UK’s next prime minister – has put the party and its leader in unfamiliar territory.Their policies and candidates are coming under greater scrutiny, and now, so is their funding. Continue reading...