HMRC department raised £1.5bn in 2023-24 tax year

Party closes ranks after billionaire’s attacks on legislation prompt dramatic fall out with president

Rules to release surpluses will only extract 5% of £160bn in excess assets, according to departmental assessment

Executives prioritising break-ups or continuation funds as trade war kills off potential floats

Transatlantic gap in stock performance this year is particularly wide in smaller stocks

Beijing has attempted to improve relations with Brussels since Donald Trump returned to the White House

As British supermarkets struggle to fend off hackers, Misha Glenny explains why ransomware attacks are on the rise — and about to accelerate

Decision by the fintech to move primary listing to New York is latest blow to LSE

Judged on its practical impact, the US right has been a flop

Internal tensions have beset rightwing grouping even as it leads national opinion polls

Dozens of Palestinians have been shot dead trying to reach a US and Israeli-backed aid distribution scheme

Bank was close to lining up $5bn for artificial intelligence group when US president and billionaire attacked each other

Announcement follows phone call between American president and Chinese leader Xi Jinping

Ex-New York US Attorney Damian Williams joins rival that defeated White House in courtroom challenge

Two women remain in running to be chief of Secret Intelligence Service, with decision expected within a fortnight

Vice-president JD Vance pushed for rightwing media star’s inclusion in a deal for video app

New vice-chair for supervision Michelle Bowman says she will seek changes to crucial rule over capital holding levels

Democrats and Republicans alike have presided over an unsustainable growth in the debt and deficit

Tech industry fears commercial and political damage from breakdown in relationship between Tesla boss and US president

But pollsters argue that Reform’s gain of vote share is main story of night

Breaking down the barriers to aspiration is not impossible — here’s one way to do it

Renewed attack on Federal Reserve comes after official data shows weakening employment growth

‘Too big to fail’ reforms come after bank’s rescue of main rival Credit Suisse

The real cause of their falling out has little to do with the US fiscal deficit

Countries finally settle on timeframe for compensation after 12 years of negotiations

The moves lowers borrowing costs to 20 per cent and follows a reduction in inflation

Assault comes days after raid by Kyiv destroyed more than a dozen of Moscow’s bombers

For the first time in almost a generation, governments are starting to face regular resistance from investors when they try to sell long-term debt

Science, civic life and commerce all rely on safeguarding government statistics from Trump’s assault

Europe doesn’t need more spending to transform its moribund armed forces — it needs more co-operation across borders

Hedge fund tightens flexible working after period of poor performance for its systematic investing arm AHL

How global companies have fared since the US president’s inauguration

University argues president’s proclamation is a ‘government vendetta’ against the school

Letter sent to new recruits is latest escalation of US bank’s battle with private equity over junior talent

Hamilton result gives momentum to Scottish Labour leader Anas Sarwar

Brendan Nelson to take over as head of the UK-headquartered bank’s board

Consulting group says work by employees on contentious US-backed effort was ‘unauthorised’

Conservative leader will harden her immigration stance, but her party is no longer trusted by voters on the right

Government proposes changes to tax treatment of carried interest that will make the regime less onerous

Chief operating officer John Waldron anticipates period of ‘slowflation’ with rising prices outpacing growth