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The 'trillion pound' oil fund the government believes Britain could have built
For the first time, the Treasury calculates how much the UK could have raised by investing North Sea proceeds.
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Business
For the first time, the Treasury calculates how much the UK could have raised by investing North Sea proceeds.


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The economic figures released on Wednesday show the constraints for John Healey as he puts the finishing touches to his Budget.
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<p>As a freaky Val Kilmer doppelganger stars in a new western and faux starlet Tilly Norwood is set for her feature debut, experts are split on whether mainstream adoption is a long way down the line – or just around the corner</p><p>‘Don’t fear the dead – …
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Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).
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<p>The meal kit delivery service denies the allegations, saying it found claims to be ‘entirely without merit’</p><p>Workers at a HelloFresh facility in Newark, <a href="https://www.theguardian.com/us-news/new-jersey">New Jersey</a>, have claimed in court d…
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The prime minister provided little detail, and there are questions over shifting the fees onto unit costs.
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<p>Anchor’s departure not thought to be linked to company’s recent acquisition by David Ellison’s Skydance Media</p><p>Christiane Amanpour, one of CNN’s most decorated and venerated journalists, is leaving the network after 43 years, she said in a statement…
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A spokesperson said it was removing inaccurate AI images and pausing the rollout of the tool.
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<p>Voters’ opposition to the state of Trump’s economy is well established – despite his desperate attempts to deflect</p><ul><li><p><a href="https://www.theguardian.com/business/2026/oct/15/what-is-your-personal-recession-indicator">Tell us: what is your pe…
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Chancellor John Healey will set out his plans for UK taxes on 28 October.
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<p>As Americans use apps like DoorDash and Uber Eats more habitually, they confront the guilt of paying extra fees for convenience</p><ul><li><p><a href="https://www.theguardian.com/business/2026/oct/15/what-is-your-personal-recession-indicator">Tell us: wh…
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Kashim Chowdhury was contracted for 183 hours a week, more than the number of hours in seven days.
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<p>The pre-midterm defenestration of ACA enrollees looks like political madness – but the president appears to believe hitting poor people might work for him</p><ul><li><p><a href="https://www.theguardian.com/community/live/2026/oct/14/us-economy-affordabil…
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UK inflation rose in September, pushed up by higher petrol and diesel prices.
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<p>Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday</p><p>India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despi…
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Musk says special committees within both companies have been formed to look at a possible mega-merger.
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<p>Difference between French and German borrowing costs widens after public buildings burned and shops looted</p><p>France has been hit by a fresh wave of selling in its bond and stock markets after <a href="https://www.theguardian.com/world/2026/oct/18/fre…
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Revolut was one of the hardest hit, with banking services going down for many customers.
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<p>Accounts for the Westminster-based company behind ChatGPT show that 110 staff shared £87m in salaries and £168m in shares last year</p><p>OpenAI’s London staff each received £2,318,181 on average last year, as the ChatGPT-maker poured Premier League foot…
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The lawsuit argues the White House exceeded its authority in imposing the latest tariffs on the country and caused "immediate harm to American businesses".
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<p>Brussels uses WTO rules to quickly impose quota, which will halve Chinese market share to 3%</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/oct/12/uk-growth-inflation-pressures-oil-price-sveriges-riksbank-nobel-prize-economic-scien…
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No formal investigation has started, but the regulator is making inquiries into the case.
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<p>A layoff and a leap of faith convinced Katie Teixeira she had what it takes to run her own business</p><p>In 2010, Katie Teixeira adopted a kitten found all alone in an abandoned house. The kitten – so tiny she fit in the palm of Teixeira’s hand – needed…
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The government increased taxes on online casino and sports betting in last year's Budget.
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<p>When partners consider finances, when is it ‘my’ money, and when it is ‘our’ money? Guardian readers shared their experiences </p><ul><li><a href="http://www.theguardian.com/lifeandstyle/2014/aug/08/end-loveless-marriage-financially-dependent">Private li…
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The bank says workers will be required to attend the office at least two days a week from February.
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<p>Will California stand with the working class or the oligarchs in the vote this November?</p><p>The Democratic party has a choice to make. Are we going to be New Deal Democrats or corporate Democrats? Are we standing with the working class or the tech oli…
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Influential Labour figures had been pushing for equalising CGT and income tax, but critics have said this could drive wealthy people out of Britain.
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<p>A citizen referendum, only the second of its kind in Georgia history, seeks to block a zoning amendment</p><p>Ire Gene Grovner stood behind his house on a recent morning, between chicken pens on one side and rows of winter collard greens on the other, ho…
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A US district judge dismissed the case after Ann Altman had refused to attend an independent medical examination.
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Small firms cite labour costs as a key factor in scaling back hiring, the Office for National Statistics says.
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The changes come after concerns that penalties issued by private providers are too harsh and leave motorists unfairly punished.
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The BBC hears from people who think dating events are better value for money than dating apps.
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Ahead of the midterms Trump has boasted about the performance of the US economy. BBC Verify looks at inflation, jobs and economic growth in the country.
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The platform said since the weekend it had "taken immediate action to identify and remove listings linked to looting".
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Investigative genetic genealogy can help hunt down criminals but raises worries over privacy.
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Smells from rubbish dumps and industrial facilities are being more carefully monitored.
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With the festive season on the horizon, we trace toys from factories in China to US shelves.
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AI dominates the translation business, but for high-stakes work, humans are still needed.
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Solar tiles were touted as an attractive alternative to solar panels - why have they not taken off?
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Albertans vote this month on staying in Canada or moving ahead to a binding independence referendum.
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Cloud seeding is gaining attention as countries look to boost rainfall - will drones help?
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Will farmers want AI tools to help judge when to pick fruit, or is their own intuition enough?
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Batteries based on sodium-ion technology could be made in the US with locally sourced materials.
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Where do America's X-plane projects fit in an era of cheap drones?
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Texas is now the country's biggest producer of solar-farmed electricity.
Business
A summer of wildfires and heatwaves underlines the threats to the country's economy.
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Training systems that allow robots to negotiate the real world are getting more sophisticated.
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Nvidia, OpenAI and Anthropic are all now selling their own limited edition fashion lines.