Politics

HS2 paid consultancies £65mn last year in run-up to project ‘reset’

Higher spending likely to raise questions about taxpayer-funded body’s approach to long-delayed railway

The Labour Party’s four tribes

‘Soft left’ faction backs Andy Burnham for prime minister, while Blairites lend support to Wes Streeting

Financial reforms set to give £1.6bn boost to City of London

Government assessment comes as Rachel Reeves champions district as driver of economic growth

Business

The infantilism of an ‘ungovernable’ Britain

Political stability is needed if the country is ever to solve its problems

Economy

Bank lending to UK businesses falls to lowest level in nearly 30 years

Weak economic growth and tighter regulation hit credit for small and medium-sized companies

UK competition watchdog to examine childcare market

Order by education secretary Bridget Phillipson set to come as ministers seek to tackle rising living costs

Companies

Short sellers reap more than $2.3bn profit betting against gambling companies

Online groups under pressure from jump in prediction markets’ popularity in US and steep tax rises in UK

How the Premier League became a UK economic asset

Top-tier English football is a success story and important cultural export

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