The UK Government has reaffirmed its £200 million funding commitment to the Acorn carbon capture project in Scotland, despite plans to shift future financial backing toward loans and equity stakes.

Chancellor John Healey is in talks with Ottawa for the UK to join a Canada-led multilateral defence bank, despite Treasury resistance over costs.

As the UK government reviews proposals to accelerate the state pension age, experts warn against using personal life expectancy to time retirement claims. Workers are instead encouraged to focus on proactive measures like asset consolidation and adjusting pension contributions.

With a leadership transition expected on 20 July, Chancellor Rachel Reeves is pivoting her economic strategy while facing criticism over policy and welfare.