Carmaker builds on relationship with British armed forces by seeking to cash in on Europe’s rearmament drive Business live – latest updates Jaguar Land Rover is in talks with Nato countries about selling them the newly revamped Defender military vehicle, as the UK-based carmaker seeks to tap into Europe’s defence spending boom. It is also among carmakers bidding for a UK defence ministry contract worth £900m to replace an ageing fleet of Land Rovers that have been out of production since 2016, competing with General Motors and the UK’s Ineos Automotive, which builds the Grenadier 4x4 for the civilian market. Continue reading...

As John Healey drafts his autumn budget, the US president’s policies continue to inflate debt servicing costs Britain is not entirely in control of its own destiny, from the rising cost of the weekly shop, to the vaulting cost of government borrowing. What is said and done in Westminster matters. But the global backdrop is making life tough, not least in the deeds and words of one man: Donald Trump. As John Healey drafts his plan for next month’s autumn budget, the perilous economic conditions the chancellor must navigate can be traced back to the door of the US president. Continue reading...