Business live blog, Thursday June 12 — as it happened
Fact check: Labour claims the UK economy is ‘in a better place’ — is it? Read in full: Labour claims the UK economy is ‘in a better place’ — is it? Trump tariffs hit UK exports in AprilUK exports to the US recorded their largest monthly fall on record in April after President Trump announced his “liberation day” tariffs, Mehreen Khan writes. Enable cookies Allow cookies onceNational insurance rises an ‘attack on businesses’The chancellor has started a “war on the private sector”, Kemi Badenoch has said. While the recently announced trade deals offer businesses a degree of policy certainty, tariffs on UK exports to the US are higher than their pre-April levels.
Source:The Times
June 12, 2025 09:58 UTC
Class action lawsuits could cost UK economy up to £18bn
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Source:The Times
June 12, 2025 09:43 UTC
Times letters: Labour’s need for the Tories to recover
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Source:The Times
June 12, 2025 08:58 UTC
Brian Wilson, the musical genius behind the Beach Boys, dies at 82
Beach Boys singer Brian Wilson has died at age 82, his family announced Wednesday. “Brian Wilson wasn’t just the heart of The Beach Boys — he was the soul of our sound. Brian Wilson, second to right, performs with the Beach Boys in California circa 1964. When they went into the studio to record, a producer changed the group’s name to the Beach Boys and never bothered to tell them. Wilson is survived by six children, including daughters Carnie and Wendy, who made up two-thirds of the Grammy-nominated pop vocal group Wilson Philips.
Source:The Times
June 12, 2025 08:25 UTC
Politics latest: 'Sting in the tail' tax rise in chancellor's plans revealed
You're right that benefit cuts weren't part of the chancellor's spending review yesterday, but they are still going ahead as things stand despite mounting criticism from backbench MPs. As our political correspondent Tamara Cohen reported last night, the work and pensions secretary has said she won't back down. Liz Kendall says restricting personal independence payments (PIP) and the health top-up to universal credit will save £5bn. The government's benefit cuts explainedThe government says the PIP caseload has more than doubled from 15,000 new claims per month in 2019 to 34,000. PIP is a benefit to help disabled people with the increased costs of day-to-day living.
Source:The Times
June 11, 2025 22:47 UTC
Amazing XI of Club World Cup signings making debuts from Trent Alexander-Arnold’s controversial move to Chelsea new boys
The goalkeeper could now jump straight into Enzo Maresca's starting line-up at the Club World Cup this summer ahaed of the unconvincing Robert Sanchez. In order to sign Alexander-Arnold before the start of the Club World Cup, Real Madrid have paid Liverpool £10million. Like Real Madrid, Bayern were able to reach an agreement with Leverkusen to allow the defender to sign ahead of the Club World Cup. The 19-year-old completed a £26.9m move to the Bundesliga side ahead of the Club World Cup. However, he ultimately chose Chelsea and is now set to make his debut at the Club World Cup.
Source:The Times
June 11, 2025 21:09 UTC
Fact check: how accurate are Rachel Reeves’s spending figures?
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Source:The Times
June 11, 2025 21:08 UTC
Government can hit NHS waiting times targets despite scepticism, says Reeves
Read our Privacy noticeThe Chancellor has insisted the Government can hit its NHS waiting times targets despite scepticism from some leaders. Speaking after her spending review, Rachel Reeves said the Government was confident it could hit pledges set down by the Prime Minister last year. Sir Keir Starmer said in December the NHS will carry out 92% of routine operations within 18 weeks by March 2029. However, in March this year, the NHS waiting list for hospital treatment in England rose for the first time in seven months. She added: “Against a backdrop of other cuts, nursing staff will see the NHS being protected but not transformed by today’s spending plans.
Source:The Times
June 11, 2025 21:06 UTC
NHS leaders say extra £29bn a year is not enough to cut waiting times and modernise services
Matthew Limb LondonGovernment spending on the NHS will rise by 3% a year after inflation over the next three years, slightly above what many in the health service were expecting. This compares with an average annual increase of 1.2% in 2010-20 but 6.2% over the decade 2000-10.1In her spending review statement to the House of Commons on 11 June the chancellor, Rachel Reeves, said that the £29bn a year real terms increase for the financial years 2023-24 to 2028-29 would “get the NHS back on its feet” and “fit for the future.”2She said that the investment would enable the NHS to cut waiting lists, improve patient care and modernise services, and support Labour’s plans to move care back to the community. It includes up to £10bn on technology and digital transformation, GP training “to deliver millions more appointments,” and …
Source:The Times
June 11, 2025 18:21 UTC
The New York Times is changing the recipe behind its iconic Dining brand
The New York Times on Wednesday announced major changes to its iconic Dining beat: the appointment of two co-chief restaurant critics and an expansion into video reviews. Since Wells’ departure, Priya Krishna and Melissa Clark — known to many as stalwarts of the Times’ Cooking app — have operated as interim critics. As co-chief critics, Rao and Mishan will be deployed to review restaurants nationwide, allowing the Times to review more restaurants outside the five boroughs. But stars, previously exclusive to New York dining, will now also be awarded to restaurants across the country. Traditionally, the Times maintained its critics’ anonymity to avoid special treatment and more honestly assess the average dining experience.
Source:The Times
June 11, 2025 18:20 UTC
UK weather: yellow heat health alert with Friday tipped to hit 30C
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Source:The Times
June 11, 2025 18:00 UTC
Luhmühlen Horse Trials dressage times released for 2025
The 2025 Longines Luhmühlen Horse Trials dressage times have been released – with 11 British riders in action in the five-star competition on day one. There is also a CCI4*-S class that runs alongside the five-star competition, but there are no British entrants taking part this year. The CCI4*-S gets underway tomorrow (12 June) with the first rider, Ireland’s Patrick Whelan, entering the arena at 9.15am (8.15am British time). The five-star action gets underway at 1.15pm (12.15 pm British time). The first rider into the arena in the five-star class will be Britain’s Aimee Penny on the first of her two rides, PSH Encore.
Source:The Times
June 11, 2025 17:36 UTC
How Tejal Rao and Ligaya Mishan Will Review Restaurants
“I’m Ligaya Mishan, and I’m your new chief restaurant critic at The New York Times. I’m Tejal Rao, and I’m also your new chief restaurant critic at The New York Times. This is the first time that The Times has national critics and this is the first time that we’re revealing ourselves. I think it is unrealistic in this day and age to maintain anonymity short of being a CIA agent. I used to think that part of the fun of being a restaurant critic was that you got to dress up and pretend to be someone else.
Source:The Times
June 11, 2025 17:31 UTC
How the UK Plans to Boost Its Economy
The British government announced on Wednesday hundreds of billions of pounds in spending on defense, health care and investment in infrastructure and housing, as it laid out its economic priorities for the next few years. Rachel Reeves, the chancellor of the Exchequer, presented a breakdown of the public finances in Parliament, detailing how much money each government department will have to spend until 2029, around the time of the next general election. It brings to an end months of tense negotiations between Ms. Reeves and other ministers as she seeks to balance competing priorities and navigate economic challenges at home and abroad. “We are renewing Britain,” Ms. Reeves told lawmakers. “But I know that too many people in too many parts of our country are yet to feel it.”
Source:The Times
June 11, 2025 15:55 UTC
Marc Guehi: Arsenal ready to swoop for Crystal Palace and England centre-back - Paper Talk
Kostas Tsimikas is likely to leave Liverpool this summer, with interest from the Premier League and abroad. Manchester United have set a price of £70m for Alejandro Garnacho as they court interest from a series of clubs. DAILY MAILTwo-time Premier League winner Kolo Toure is joining Manchester City's backroom staff for the Club World Cup. From next season, Sky Sports' Premier League coverage will increase from 128 matches to at least 215 games exclusively live. And 80 per cent of all televised Premier League games next season are on Sky Sports.
Source:The Times
June 11, 2025 14:44 UTC