1/ Something strange and unsettling is going on in the financial markets. Investors are selling US government bonds - traditionally considered a safe haven investment whose value rises when stock markets are in turmoil. It suggests that the inflationary impact of.... 2/..unprecedented tariff levels - particulalry the 104% levy applied overnight to US imports from China - is considered to outweigh the safety generally offered by government debt. This poses a major problem for the US central bank which many expected to cut interest rates...

1/ Northumberland County Council has approved a deal with investment giant Blackstone to turn a site in Cambois near the Port of Blyth into a multi billion pound data centre. The proposed £10 billion investment would be one of biggest ever inward investments in UK.. 2/..Original plans for a £4 billion gigafactory were dashed when start up company British Volt went bust. It was bought out of administration by Recharge Industries owned by little known Austrailain financier David Collard who failed to make final payments...

Nigel Farage fell below the financial threshold required to hold an account at Coutts, the prestigious private bank for wealthy customers the BBC has been told.

It also understood that he was offered a normal account at Natwest which owns Coutts.

People familiar.... 2/...with the matter rejected the notion that the decision to close his Coutts account was in any way political. "it was for commercial reasons - the criteria for holding a Coutts account are clear from the bank's website".

Coutts requires customers to borrow or invest...

NEW: Train strikes cost hospitality industry £2.5 billion
The disruption to the travel industry caused by months of rolling strikes will cost the hospitality industry £2.5 billion for the period from June to the end of this week according to Hospitality UK boss Kate Nicholls/1 2/This is £1 billion more than the £1.5 billion it had previously estimated as an expected pre-Christmas bounce back during a period when fewer strikes were called never materialised and factors in the new strike dates called by rail workers this week...

Businesses in dark over energy help. A thread. They were promised "equivalent support" with energy costs by the PM last Thursday. No one has any idea what that means. BEIS have told me that there is no detail to share on how support for business will be calculated yet... 2/and it's unlikely any will be forthcoming this week.

Unlike households - where a unit price for gas and electricity has been used to generate a typical bill of £2500 - there is no such mechanism for business who have a huge variety of different contracts...

The BBC understands the government is planning an intervention in the wholesale energy markets benefitting domestic AND business customers.

It's thought government plans to freeze household bills at their current level through this winter and next – so roughly 18 months....1/ 2/Energy companies would take out government guaranteed loans to bridge the gap between the wholesale price in the market and the fixed price they are charging customers. Those loans would be repaid over the next 10-20 years through supplements to customer bills...

Energy firm’s £100 billion plan to freeze energy bills for 2 years. A thread
The Chief Executive of one of the UK’s largest energy providers presented Kwasi Kwarteng and Jacob Rees-Mogg with a £100 billion plan to stave off an energy price emergency last week...1/ 2/ Keith Anderson, CEO of Scottish Power will present the same plan to Scottish First Minister Nicola Sturgeon later today.
The plan would involve the government guaranteeing loans to the energy companies enabling them to keep bills frozen while buying the gas needed....

Scoop 1/ Chancellor Rishi Sunak's wife, Ashkata Murty has volunteered to pay UK income tax on her worldwide income. Ms Murty owns £700m pounds in shares of the Indian IT giant Infosys founded by her father from which she received £11.6 million in dividend income last year... 2/ As a non-domiciled (non-dom) UK resident she is not required by law to pay UK taxes on her international income but in a statement released to the BBC, she was aware that her tax arrangements did not seem compatible with "the British sense of fairness...

Doubts are emerging that government measures to soften the blow of rising energy prices will be ready by the time prices rocket.

Energy bosses have told the BBC that they have been kept largely in the dark about the government’s plans to mitigate..1/ an expected rise of 50% in average energy bills. While some have described a plan to lend money to energy companies to deduct money from all customer's bills as credible and likely to happen, they worry that the details of the plan have not been thought through..2/