Reeves plans to give England’s regional leaders a share of national tax revenues

Rachel Reeves has announced that the Treasury will draw up proposals to hand England’s mayors a share of national tax revenues as part of a radical plan to rebalance the economy.The chancellor promised “a genuine break with the past” that would shift spending power away from Westminster, as she promised to create investment-led growth across the UK.Reeves was delivering the Mais lecture – the second time she has given the high-profile annual address at Bayes Business School in London.It is no coincidence that the UK is “the most politically centralised of advanced democracies, and one of the most geographically unequal”, Reeves said.Treasury officials will bring forward a plan at the autumn budget to allow regional leaders to receive a share of national taxes, starting with income tax, she added

Oil and gas prices rise again after Iran attacks production facilities

Oil and gas prices rose again on Tuesday after Iran carried out attacks on production facilities for the first time since the start of the war with the US and Israel.Brent crude, the international benchmark oil price, climbed 2.3% to almost $103 (£77) a barrel and was up nearly 50% from levels before the war began on 28 February. Wholesale gas prices rose nearly 3% to €52 (£45) a megawatt hour, compared with about €30 before the war.For the first time, Iran successfully targeted oil and gas production facilities rather than just refineries, terminals and storage

Rachel Reeves reveals push for fiscal devolution to English regions, says Brexit caused damage, and admits student loan system is ‘broken’ – as it happened

Time to wrap up…Rachel Reeves has announced that the Treasury will draw up proposals to hand England’s mayors a share of national tax revenues as part of a radical plan to rebalance the economy.The chancellor promised “a genuine break with the past” that would shift spending power away from Westminster, as she promised to create investment-led growth, across the UK.Reeves was delivering the Mais lecture – the second time she has given the high-profile annual address at Bayes Business School in London.It is no coincidence that the UK is “the most politically centralised of advanced democracies, and one of the most geographically unequal”, Reeves said.Treasury officials will bring forward a plan at the autumn budget to allow regional leaders to receive a share of national taxes, starting with income tax, she added

Bentley to cut hundreds of UK jobs amid ‘challenging global market environment’

Bentley is to cut 275 jobs in the UK as the carmaker faces a “challenging global market environment”.The luxury brand, owned by Germany’s Volkswagen, is preparing to launch its first all-electric model but acknowledged it had some work to do to persuade consumers to switch away from internal combustion engine vehicles.The company said on Tuesday it was slashing about 6% of its 4,600-strong workforce by cutting about 150 office-based permanent staff and by not filling vacant positions or replacing employees.The announcement came as the company reported a 42% fall in annual operating profit to €216m (£187m) in 2025, compared with a year earlier.While this marked a seventh consecutive year of profitability at Bentley, which produces cars at its factory in Crewe in Cheshire, the company said its profits had taken a hit from the impact of US tariffs introduced by Donald Trump and foreign exchange changes and weaker sales in China, as well as decisions made by its parent company, VW

Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession

Surging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets as economists warn of recession risks.Consumers are preparing for rates to surpass their recent highs after the Reserve Bank delivered back-to-back hikes ahead of an inflation spike driven by the US war on Iran.Dougal Warby was among the thousands of Australians who bought their first homes when the RBA was expected to cut its target interest rate from 4.1% to 3.1% or lower by today

London bars shun Margot Robbie’s gin over shellfish allergen concerns

Margot Robbie said she “couldn’t wait” to see the artisan gin brand she had created stocked in her London local. But the willingness of the capital’s venues to fulfil her dream has been seriously compromised by three words on the side of the bottle – “warning: contains molluscs”.The Wuthering Heights star has had to change the recipe of her spirit after top London bars and restaurants rejected it due to allergen concerns, the Guardian can reveal.The drink, Papa Salt, uses oyster shells as a botanical, which she hoped would evoke the sandy dunes of Australia where she grew up. It means people with a shellfish allergy are advised not to drink it, because though the distilling process of gin removes most shellfish proteins, some can still remain when it is made with oysters

Close Brothers banking group to cut 600 jobs and roll out AI ‘at pace’

The UK banking group Close Brothers is to cut about 600 jobs and roll out the use of AI “at pace” after posting further losses amid a mounting compensation bill for the UK motor finance scandal.The specialist lender said the cuts – almost a quarter of its 2,600-strong workforce – would be made over the next 18 months across its teams in the UK and Ireland.It aims to reduce costs by £25m in the year to the end of September, up from a previous target of £20m, and by another £60m in the next financial year, a year earlier than planned.It said it would make the cuts through outsourcing and offshoring work and reducing office space. “In parallel, we are progressing the deployment of automation and artificial intelligence at pace, providing further opportunity both to reduce costs and enhance customer experience,” the lender added

Starbucks shareholders push to oust board members over stalled union talks

Starbucks shareholders are pushing to remove two board members at the company who they argue have contributed to stalling the coffee chain’s long-fought-over union drive.The SOC Investment Group, Trillium Asset Management, Merseyside Pension Fund, the non-profit Shareholder Association for Research and Education (Share), and the New York state and New York City comptrollers wrote a letter to Starbucks shareholders to vote “no” on the re-election of board members Jørgen Vig Knudstorp and Beth Ford at Starbucks’s annual shareholders meeting on 25 March.More than 680 Starbucks stores have voted to form unions since the barista-led organizing campaign started in 2021. The union has reached 34 tentative agreements with Starbucks, but the company has not reached a single final agreement.Starbucks workers began an unfair labor practice strike at the coffee chain in November 2025, escalating up to the holidays in December 2025 with several thousand workers on strike

‘Very damaging’: how the Iran war is hitting energy-intensive industries

In its 160-year history, Somers Forge’s furnaces in the Black Country have cast steel columns for the Bank of England, part of the anchor for the Titanic and – more recently – propeller shafts for Britain’s nuclear submarines.The economic fallout from the Iran conflict is the latest of many geopolitical headaches the family-owned forge has endured, but it is already “very damaging”, said Tammy Inglis, the Somers finance director.Energy was about a fifth of manufacturing costs at the forge, which employs 140 people in Halesowen, before the conflict began, but that proportion is now rising. “Everybody just battens down the hatches and spends what they absolutely need to spend,” said Inglis. “You’re in survival mode

Chris Bowen declares rush on jerry cans ‘un-Australian’ as he urges end to panic buying of petrol

Chris Bowen has insisted the country’s fuel supply is yet to be affected by the war in the Middle East while criticising a rush to buy jerry cans to fill up with petrol as “un-Australian”.The energy minister made the comments after an emergency meeting with major fuel suppliers and retailers that was convened by the Australian Competition and Consumer Commission (ACCC) to demand explanations for the recent surge in petrol prices.Australian fuel prices have soared amid a 40% rise in global oil prices in the past fortnight, in response to the Middle East conflict and closure of the strait of Hormuz, a crucial shipping channel largely controlled by Iran.The government has said it was concerned some retailers were price gouging and that panic buying has exacerbated the situation. Some regional retailers have also run out of fuel in recent days

Train delays: compensation claims to be easier under Great British Railways

Rail passengers will be able to claim compensation for delayed trains directly from the website where they bought their ticket, the government has said, as part of a shake-up to make rail travel simpler.Passengers who use third-party retailers such as Trainline to buy tickets currently, have to submit applications for refunds to the relevant train operator for processing.Compensation claim systems for individual train operators will be merged into a single consolidated service under Great British Railways (GBR), the new nationalised rail body.The Department for Transport said the GBR site will also process refunds for customers using private ticketing websites, if the retailer and passenger opt in to share their purchase details.The latest full-year figures from the rail regulator, the Office of Rail and Road, showed that train operators paid out £138m in 2023-24 for delayed journeys

Thames Water rescue deal talks rumble on interminably but its future remains unclear | Nils Pratley

It is two years since the shareholders of Thames Water threw in the towel, declared the company “uninvestible” and accepted their shares were worthless. Yet the water torture goes on and on. We are now in the ninth month of negotiations between Thames’s senior creditors and the regulator, Ofwat, on a rescue deal – and still an outcome is thought to be weeks away.Monday’s updated sketch of the proposal contained a few new details. The amount of fresh equity that would be injected into Thames has increased from £3

Rukmini Iyer’s quick and easy reccipe for crispy baked gnocchi puttanesca | Quick and easy

Puttanesca purists, look away now. This dish takes the classic elements of a puttanesca – that is, anchovies, capers, olives, tomatoes – and combines them into a rich sauce for gnocchi, which are then covered in mozzarella, breadcrumbs and parmesan, and flashed under the grill. It’s exactly what you want on a rainy night. In fact, my sauce-averse toddler thought it smelled so good that she stole half of my plate – a win all round. (Although her pretty decent suggestion was that next time I use it as a pizza sauce, rather than on pasta or gnocchi

How to make Irish stew – recipe | Felicity Cloake's Masterclass

The first time I dared to write a recipe for Irish stew, I was invited on to the national broadcaster, RTÉ, to discuss my choices live on air. And, to my considerable relief, it was eventually decided that I had not dishonoured the memory of my ancestors. It’s tempting for modern cooks to meddle with such resolutely plain classics. Do not! It’s delicious just as it is.Prep 20 min Cook 2 hr Serves 63 large onions 2 tbsp oil, or lamb fat10-12 very floury potatoes, depending on size and hunger1 neck of lamb, or hogget or mutton, cut into thick slices (see steps 1 and 2)2 sprigs fresh thyme Salt and pepper 6 carrots, or, if you like, substitute some for chopped turnip, swede or leekChopped parsley, or chives, to serve (optional)Traditionally, an older, less productive animal would have been used here – and the slow cooking time reflects this – but modern recipes tend to favour lamb

DakaDaka, London W1: ‘Like a 2am lock-in on a Tbilisi back street’ – restaurant review | Grace Dent on restaurants

DakaDaka, a rowdy paean to Georgian cuisine, has arrived on Heddon Street in the West End of London. Heddon Street has always been synonymous with rowdiness, regardless of the fact that the mature, semi-elegant likes of Sabor, Piccolino and Heddon Street Kitchen are quite the opposite. But anyone who ever found themselves staggering out of Strawberry Moons in the 1990s having lost a shoe and with a love bite or from the basement club at Momo will know that this little nook tucked away behind Regent Street is where a good time is meant to be had.And now there’s DakaDaka, which certainly does not market itself as a nightclub, because, well, virtually nowhere does any more. What DakaDaka does do, though, is play Georgian dance music very loudly and with endless enthusiasm right through your badrijani (grilled aubergines), imeruli (cheese-filled flatbread) and kababi (lamb skewers)

Fallouts and financial woes: inside Heston Blumenthal’s sinking empire

Dinner by Heston was once one of the world’s most revered restaurants, known for its decadent and unusual dishes such as the “meat fruit”.But Heston Blumenthal announced this week that he is winding down operations at the two Michelin-star restaurant at the Mandarin Oriental hotel in Knightsbridge, London, saying it was because the tenancy had “finished”.However, current and former workers at Dinner claim the restaurant has been going downhill for years after Blumenthal fell out with his right-hand man, Ashley Palmer-Watts, who created the menu and ran the restaurant day to day before he left the business.“Closing the restaurant was not Heston’s choice whatsoever,” a senior source from the Mandarin Oriental told the Guardian. “The hotel chose not to renew the lease

Mother’s Day UK recipes: three delicious ideas to make for your mum from Ravinder Bhogal

Few things say “I love you” more than an unbidden cup of tea, but if you want to show true appreciation to the maternal figure in your life this Mother’s Day, there’s nothing better than a few indulgent snacks to go with it. I love the British tradition of afternoon tea, but I find finger sandwiches in hotel lobbies a little too fussy. I would much rather a fortifying savoury sandwich, a slab of good, old-fashioned cake and buttery biscuits that crumble into a million sweet crumbs.This very simple cake can be baked in a regular cake tin, but cooking it in a bundt tin makes it much more of a showstopper. If you want to forgo the icing, serve with a dollop of creme fraiche and berries instead

Benjamina Ebuehi’s recipe for caramelised white chocolate and rhubarb cheesecake | The sweet spot

It’s often my own impatience that forces me to make no-bake cheesecakes over baked ones. They’re not at all as faffy, though it’s pretty hard to beat the lighter, silkier texture you get with a baked version plus the extra effort is worth it on a special occasion such as Mother’s Day. I’ve sweetened the filling for this one with caramelised white chocolate – it brings a beautiful, creamy, dulce de leche-type caramel flavour that even the biggest white chocolate haters should enjoy. If making your own caramelised white chocolate feels a step too far, however, just buy bars of blond chocolate instead. Top with gently poached rhubarb for a pop of colour and to cut through the richness

Noma chef resigns amid allegations of physical abuse of staff

René Redzepi, the head chef and co-founder of Noma, has announced his resignation from his internationally acclaimed Copenhagen restaurant following allegations he physically abused his staff.Redzepi had been facing protests in Los Angeles before a four-month pop-up that launched this week. His resignation on Wednesday comes after the New York Times detailed allegations of physical and psychological abuse, including claims that he “punched employees in the face, jabbed them with kitchen implements and slammed them against walls”.He wrote in an Instagram story: “I’ve decided to step away and allow our extraordinary leaders to now guide the restaurant into its next chapter.”Redzepi said the recent weeks had “brought attention and important conversations about our restaurant, industry and my past leadership”, writing: “I have worked to be a better leader and Noma has taken big steps to transform the culture over many years

Light red wines for spring drinking

Can wine ever be good for you? The question has surely occurred to most of us after a night on the chȃteau de migraine, especially if we’ve read the increasingly dire warnings on alcohol consumption. Still, as with chocolate, a lot depends on what type of alcohol you drink. After all, a 90% cocoa solids situation is probably going to do less harm than, say, a family tub of Celebrations, and, while all alcohol is, I hate to break it to you, alcohol, there are definitely better choices you can make.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link

Rachel Roddy’s recipe for risotto in bianco | A kitchen in Rome

Parmigiano reggiano, grana padano, lodigiano, trentingrana and the other members of the grana-type cheese family (there are many, and all are worth seeking out) are far from cheap. Which is why it is important to use every last bit, including the rind with the last few millimetres of cheese still attached. That functions as a sort of highly flavoured and fatty stock cube that can be added to soups and stews. The best place to keep your precious rinds is in a plastic bag or airtight container in the freezer, which also preserves flavour and stops them drying out, until they’re pulled out and added directly to whatever needs a boost, or to make one of the nicest, most delicately flavoured and cheesy broths, which in turn makes a lovely risotto.I have written about risotto many times here, with each version a new favourite, and providing lessons in a dish that, regardless of how much I learn and practise, I am always chasing: the right proportions of rice to broth, as well as a pleasing consistency and texture

‘Highly problematic behavior’: Noma residency in LA starts with PR crisis

It was always going to be an indulgence for René Redzepi, the Danish-Albanian chef of Noma fame, to bring his exacting, innovative vision of haute cuisine to Los Angeles and spend several weeks tickling the palates of well-heeled diners at a hilltop estate once dubbed “the most beautiful home in Hollywood”.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.The timing has certainly been unfortunate, since the US is now fighting a destabilizing war in the Middle East and food prices are climbing so steeply that many ordinary Americans can no longer afford to eat at McDonald’s, much less contemplate the counterintuitive delights of tacinga cactus, bougainvillea petals, mealworms and giant tuna eyes

Before sunrise: while Sydney sleeps, suhoor meals attract a lively social scene during Ramadan

Suhoor – the pre-dawn meal – is typically shared at home. But in Sydney customers also queue outside food trucks, restaurants and cafes with extended trading hoursIt’s just after midnight in an industrial courtyard in Auburn in Sydney’s west and a glow of string lights and the constant sizzle of a grill signal one of Ramadan’s newest late-night rituals. A food truck specialising in halal steak sandwiches has attracted a small crowd and a queue begins to form.The rest of the city is largely asleep but here the courtyard hums with life as young Muslims arrive in waves after evening taraweeh prayers, chatting and checking their phones as the clock edges closer to suhoor – the pre-dawn meal eaten during Ramadan before the day’s fast begins.Inside The Meat Up, a Lebanese husband-and-wife duo move quickly over the grill

How to use up limp herbs in a flavoured butter – recipe | Waste not

Compound butter is simply butter that’s been mixed with flavourings, both sweet and savoury, and is a tasty and easy way to give a small bunch of tired herbs new life. It can be melted over vegetables, stirred through pasta, grains or pulses, basted over meat or fish, spread on toast, or frozen in slices to use a little at a time. Think of this less as a recipe and more as a framework: taste as you go and decide whether you want something bold and explosive or a more gentle experience.Long before the TikTok revival, compound butter was something most home cooks admired on restaurant plates rather than made themselves. But it’s a really simple way to save a few tired herbs and give a meal a welcome boost, adding both serious flavour and visual impact