Writing the summary…
Five arrested over alleged bomb plot at UK air base used by U.S.; Iran denies link

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UK diesel prices hit record high at 199.18p a litre; housebuilder stocks surge on new homes scheme – business live
Rolling coverage of the latest economic and financial news US and UK government borrowing costs are rising this morning, as Brent crude oil touches $108 a barrel amid uncertainty around the US-Iran war. The yield on the US 10-year treasury is up 5 basis points to 5.23%, while the UK 10-year gilt has followed it up 5 basis points to 5.4%. Even though US-Iran talks could resume this week, there was little sign of a breakthrough over the weekend and bond yields and oil have climbed again this morning. Iran reiterated on Sunday that it would not soften its conditions for reopening the strait of Hormuz, with Foreign Minister Abbas Araghchi insisting that Tehran would not back down from demands including sanctions relief, access to frozen assets and an end to US blockade measures. Meanwhile President Trump said he still expected negotiations to continue but rejected Iran’s latest proposal as i

Healey offers upbeat vision but sheds little light on how it will be paid for
With next month’s budget a month away, chancellor gives little indication in conference speech of where money will come from to reindustrialise Britain Healey vows to stick to fiscal rules in budget UK politics live – latest updates John Healey cheered the Labour faithful with his first conference speech as chancellor, offering an upbeat vision of a reindustrialised Britain with fresh opportunities for young people – but gave little sense of how he intends to pay for Andy Burnham’s radical plans. Healey’s budget next month is widely seen both inside and outside Labour as the moment when the prime minister’s radical rhetoric about ditching 40 years of neoliberal orthodoxy risks colliding with fiscal reality. Continue reading...