David Cameron has conducted the most wide-ranging reshuffle of his cabinet since taking office, appointing Philip Hammond as foreign secretary and firing Michael Gove as education secretary. Several women, including Nicky Morgan and Elizabeth Truss, have been appointed to the cabinet.
By John Aglionby and Claer Barrett
Ian Read, chairman and chief executive of US pharmaceuticals company Pfizer; Pascal Soriot, chief executive of its British rival AstraZeneca; and Vince Cable, the UK business secretary, are answering questions from MPs on the business, innovation and skills select committee on Pfizer’s proposed £63bn takeover of AstraZeneca. Union leaders are also appearing.
By John Aglionby and Hannah Kuchler
Steady as she goes is the underlying message George Osborne is presenting in his fifth budget as he stresses there can be no let-up in the government’s austerity drive, despite the accelerating economic recovery.
By John Aglionby, Lina Saigol and Jonathan Eley
George Osborne has presented his Autumn Statement. Its highlights included a large increase in the economic growth forecast, a predicted budget surplus in 2018, a hike in the state pension age and free school meals for all infants.
By John Aglionby and Emily Cadman with contributions from FT colleagues
Bosses from eight energy suppliers and the interim chief executive of the regulator, Ofgem, are appearing before the House of Commons energy select committee amid public and political anger at recent inflation-busting price rises.
By John Aglionby, Emily Cadman and Guy Chazan
George Osborne announces £11.5bn in cuts in the government’s latest spending review that will set the tone for the next general election. Coverage and reaction by John Aglionby and Lina Saigol.