Analysts say chancellor has wriggle room for limited package of measures in Wednesday’s mini-budget, as US Fed chair signals more aggressive rate rises to tame inflation
Here is our full story on the government borrowing figures.
Energy giant Shell is reconsidering its recent decision to withdraw from a controversial large new UK oil field off the Shetland Islands, the BBC is reporting.
Shell has not yet sold its interests in the field. Sources close to the matter said that, while the company’s official position had not changed, it did acknowledge that the economic, political and regulatory environment had changed enormously since the decision was announced just three months ago.