Mark Leftly: The tax guns will fall silent when American experts man our defences

Westminster Outlook Kevan Jones was one very unhappy Labour MP last Saturday. The shadow armed forces minister had just read our scoop that the US engineering giants Bechtel and CH2M Hill had won the critically important contracts to manage vast chunks of Defence Equipment & Support (DE&S). This is the Ministry of Defence agency that has a £14bn budget to buy all the military’s kit, from surveillance systems to submarine-hunting helicopters.

Mark Leftly: You hold constructive talks and then you cough up £224m

Westminster Outlook It emerged this week that the Massachusetts-based Raytheon has won a drawn-out legal fight with the Home Office. 

Upmarket British cars are the stars – abroad

Outlook And now for the good news: today’s figures from the Society of Motor Manufacturers and Traders. They reveal that since the start of the decade the UK car industry has exported five million vehicles. That is the best performance for any decade on record.

He who sups with Glencore should have a long spoon

Outlook Glencore is often portrayed as the pantomime villain not just of the grasping, greedy commodities sector but also of the wider financial markets.

Was Balfour Beatty’s rejection of Carillion’s offer a rash decision?

Outlook Balfour Beatty has resoundingly rejected Carillion’s tweaked £2bn all-share takeover offer. There’s little chance of a further rise in the offer or an outbreak of peace talks ahead of the “put up or shut up” deadline at 5pm today.

David Cameron should do some homework before sounding off about immigration and jobs

Economic View: His comments risk stoking the potent fear that immigrants are coming here and taking our jobs

Russell Lynch: In defence of Miles Roberts...

Outlook The superbly named Miles Roberts is in hot water this week over the £201,000 allowance paid to the DS Smith boss following the move of the packaging firm’s head office from Maidenhead to Euston Road – which actually shortened the commute of the Hertfordshire-based Mr Miles.

Russell Lynch: On the wrong track?

Outlook Rail fares will be higher than they should be for millions of commuters next January because of the number produced by a flawed measure of the cost of living, the retail prices index, which stood at 2.5 per cent in July.

Thanks to Help to Buy, builders are the new bankers

Outlook Recognise this story? An industry in difficulties, a hefty dose of public sector support, and then big bonuses for the management. But this time we’re not talking about bankers, but some of the UK’s biggest housebuilders.

Mitch Feierstein: Too little reform, central bank risk and banking fraud - have we not learnt anything?

Midweek View: The Federal Reserve has become a rogue hedge fund, taking massive, wildly speculative positions

Satyajit Das: The ECB’s ‘policy fireworks’ won’t have anyone turning cartwheels

Das Capital: The measures will support  markets but they are unlikely to restore economic activity

Superdry are one of Attraqt’s high-profile customers which has improved its online trading performance

David Prosser: Card payments remain unavailable for small businesses

Billions are lost by smaller firms that can’t offer a feasible mobile-phone payments service

Economists do not predict the future, and can't explain the past

The financial crisis surprised the 'experts'. Now they can't agree on the reasons for the recovery
Mark Carney lamented ‘remarkably weak’ pay growth at last week’s Inflation Report after claiming in May it could hit 2.5 per cent this year

David Blanchflower: The Bank now admits pay growth is going to be poor. They should have listened to me

The unprecedented collapse in real wages under the Coalition is even greater than in the period of the Great Recession from 2008 until the Coalition took office in May 2010

James Ashton: Would it kill Ed Miliband to start  listening to captains of industry?

Big business has plenty of reasons not to like Ed Miliband. His pledges to reform how energy is sold, pounce on unused land and cap banks’ market share if Labour is elected next year would mark a period of unprecedented intervention that has sent a shiver down bosses’ spines. Already there is evidence that such talk is stopping overseas investors in Britain in their tracks.

News
Shoppers are happy with lower prices but Tesco is mulling a dividend cut which could affect our pension funds
Supermarkets have cut prices so hard that we’re actually spending less. But what’s good for shoppers will be bad for shareholders, writes Simon Neville
Student
A report from the Association of Graduate Recruiters predicts a 17% rise in graduate job vacancies this year
Many of the students who graduated this summer are having great difficulty finding work and, as Amy Denman explains, it’s often down to not having the necessary work experience
News
David Cameron is planning to revive the Communications Data Bill
His comments risk stoking the potent fear that immigrants are coming here and taking our jobs, says Ben Chu
News
News
Howls of outrage would normally ensue, but the housebuilders have gotten away with it, says Russell Lynch
News
Janet Yellen, chair of the Federal Reserve Board
The Federal Reserve has become a rogue hedge fund, taking massive, wildly speculative positions
News
The Ummah Welfare Trust called on its supporters to boycott HSBC
Customer with Iranian links are being ditched by HSBC and others. They deny discrimination, but have hefty fines led to some banks being far too cautions? By Maria Tadeo
News
'Political Ravishment - Or the Old Lady of Threadneedle Street in Danger!' from 1797 by James Gillray
Like Caesar’s wife, the Old Lady of Threadneedle Street is supposed to be above suspicion. But some members of Parliament have suspicious minds, writes Ben Chu
News
Detroit’s once glorious and now decrepit Michigan Theater now operates as a car park
They forgot the motor city in the years of American urban renewal, but now JP Morgan is writing a $100m cheque to kickstart Detroit. Some doubt the bank’s motives
News
Gerard Lopez took the wheel at the Lotus team five years ago with his business partner Eric Lux
He has investments ranging from real estate to Charlie Chaplin. But right now Gerard Lopez has Lotus on his mind
News
Mark Carney lamented ‘remarkably weak’ pay growth at last week’s Inflation Report after claiming in May it could hit 2.5 per cent this year
The unprecedented collapse in real wages under the Coalition is even greater than in the period of the Great Recession from 2008 until the Coalition took office in May 2010, writes David Blanchflower
News
Business editor James Ashton shares his top stories of the week
News
Edi Truell wants to emulate the Ontario Teachers’ Pension Plan in boosting pension funds in London
What do rhinos and retirement funds have in common? The investor and deal maker Edi Truell has an interest in both, and many projects besides. Jamie Dunkley tries to keep up
News
Whether King can bounce back depends on what it can pull out of the hat, but there are some worrying implications for the UK tech scene, says Toby Green
News
News
Tidal Lagoon Power see the proposed structure as providing social space as well as producing energy
A seawall and 16 turbines in Swansea Bay could generate electricity for 120,000 homes, writes environment editor Tom Bawden
News
A shopper poses on an enamel throne at the Luxury China exhibition in Beijing. The ‘golden age’ of China’s luxury consumption is over – but brands are recovering
High-end goods are starting to recover from the hangover of China’s assault on business ‘gifting’, says Laura Chesters . But the brands can no longer take their cachet for granted
News
Peter Humphrey, the investigator hired by GlaxoSmith-Kline to investigate bribery allegations in China, has been jailed for two and a half years for breaching privacy laws
The trial of Peter Humphrey is no advert for China as a place for even fully upright foreign firms to do business, says Ben Chu
News
Indian Prime Minister Narendra Modi speaks during the inauguration ceremony at Katra railway station in Katra
Interestingly, Mr Modi's desire for accountability and transparency did not extend to the BJP's coffers, says Satyajit Das
News
Taking the bull by the horns: miners have been buying into beef to cater for a growing appetite in China
In Western Australia, industry giants such as Rio Tinto are turning increasingly to cattle farming as beef prices soar and iron ore goes the other way, Rebecca Keenan reports
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Day In a Page

All this talk of an ‘apocalyptic’ threat is simply childish

Robert Fisk: All this talk of an ‘apocalyptic’ threat is simply childish

Chuck Hagel and Martin Dempsey were pure Hollywood. They only needed Tom Cruise
Mafia Dons: is the Camorra in control of the Granite City?

Mafia Dons: is the Camorra in control of the Granite City?

So claims an EU report which points to the Italian Mob’s alleged grip on everything from public works to property
Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Once the poor relation, the awards show now has the top stars and boasts the best drama
French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

The ugly causeway is being dismantled, an elegant connection erected in its place. So everyone’s happy, right?
Radio 1 to hire 'YouTube-famous' vloggers to broadcast online

Radio 1’s new top ten

The ‘vloggers’ signed up to find twentysomething audience
David Abraham: Big ideas for the small screen

David Abraham: Big ideas for the small screen

A blistering attack on US influence on British television has lifted the savvy head of Channel 4 out of the shadows
Air strikes? Talk of God? Obama is following the jihadists’ script

Air strikes? Talk of God? Obama is following the jihadists’ script

The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
Ebola outbreak: Billy Graham’s son declares righteous war on the virus

Billy Graham’s son declares righteous war on Ebola

A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

Not even Jeremy Clarkson is bigger than the BBC, says TV boss

Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

Nick Clegg the movie

Channel 4 to air Coalition drama showing Lib Dem leader's rise
Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

Philip Larkin: What will survive of him?

Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

Waxing lyrical

Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
Texas forensic astronomer finally pinpoints the exact birth of impressionism

Revealed (to the minute)

The precise time when impressionism was born
From slow-roasted to sugar-cured: how to make the most of the British tomato season

Make the most of British tomatoes

The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
10 best men's skincare products

Face it: 10 best men's skincare products

Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf