Live RMT blames ‘dead hand’ of Tories as talks fail to avert rail strikes – live updates – The Telegraph

Live RMT blames ‘dead hand’ of Tories as talks fail to avert rail strikes – live updatesThe Telegraph Rail strikes: RMT says ministers prevented dealBBC Rail strikes to disrupt GCSEs and access to medical treatment says Transport SecretarySky News UK Rail Strikes to Proceed After Unions Reject Last-Minute OfferBloomberg ScotRail urges public to only travel … Read more

British tech giant Arm to list in London after sale blocked over national security

Good morning. Britain’s tech sector has been given a welcome boost this morning after it emerged SoftBank is planning to list some of its stake in chip designer Arm in London. The Japanese conglomerate had been preparing an initial public offering in New York after a $ 40bn (£ 30bn) sale to Nvidia was blocked … Read more

Sunak announces 25pc windfall tax on oil and gas profits

Good morning. The IFS has sounded the alarm over Rishi Sunak’s plans to help British households with their energy bills. Paul Johnson, director of the IFS, said further support for the UK’s poorest households was “very much needed” as energy bills continue to rise. But he said a blanket handout – which could cost around … Read more

Pound slides as surging inflation fuels recession fears

With the cost-of-living crunch in focus, motorists will be looking for ways to keep their fuel costs down. After petrol hit a new record high across the UK, new research by the AA has found that supermarket fuels may be your best bet – but it depends where you live. Across the country yesterday, petrol … Read more

Cabinet minister ‘surprised’ by Andrew Bailey’s ‘apocalyptic’ food price warning

Good morning. There are now fewer unemployed people than job vacancies in the UK for the first time ever, highlighting the crisis gripping the labor market as the cost-of-living crisis deepens. The unemployment rate dropped to 3.7pc in the first three months of the year – below economists’ forecasts and its lowest since 1974. But … Read more

Live Grant Shapps refers Sadiq Khan to Electoral Commission over Crossrail opening – live updates – The Telegraph

Live Grant Shapps refers Sadiq Khan to Electoral Commission over Crossrail opening – live updatesThe Telegraph Crossrail: Elizabeth line due to open on 24 MayBBC Crossrail opening date finally announcedEvening Standard Grant Shapps accuses Sadiq Khan of breaking pre-election rules on Elizabeth lineThe Independent Opening date for Crossrail and Elizabeth Line is revealed as May … Read more

Russia swerves default as Putin forced into dollar U-turn – live updates

Good morning. BP has announced plans to make share buybacks of $ 2.5bn this quarter after surging oil prices helped its cash flows surge. The energy giant said booming prices had helped it offset a $ 25.5bn charge incurred after exiting its stake in Russian producer Rosneft. It posted a first-quarter profit of $ 6.2bn, … Read more

UK shuns Moscow Stock Exchange in fresh blow to pariah Putin

Good morning. Russian energy imports are back in focus this morning after France called on other European nations to support fresh sanctions. Bruno Le Maire, France’s finance minister, said it was necessary “more than ever” to implement a ban on Russian oil, cutting off a key source of revenue for the Kremlin. While the US … Read more

Extinction Rebellion protests force Lloyd’s of London staff to work from home

Good morning. There’s yet another reminder of the cost-of-living crisis this morning, with the latest ONS figures showing wage growth is lagging well behind surging inflation. While average earnings excluding bonuses rose 4.1pc in February from a year ago, when adjusted for prices they dropped 1.3pc – the biggest fall since 2013. There were also … Read more