Tiwa Adebayo

The governing party has a working majority of 166 in the House of Commons, almost two years after its landslide election victory.

Meanwhile, Keir Starmer will be forced to publish private exchanges between disgraced former U.S.

Ambassador Peter Mandelson and his government today.

The news comes after a Bloomberg News investigation revealed Mandelson's relationship with paedophile financier Jeffrey Epstein was closer than previously known.

In London, Tiwa Adebayo, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Tiwa Adebayo.

And I'm Caroline Hipker.

There are signs this morning that China is becoming a growing pressure point for European trade.

Sources tell Bloomberg that Beijing has been dragging its feet on approvals for Airbus plane deliveries as EU regulators take time to certify China's domestically made aircraft.

And despite being the world's largest commercial jet maker, Airbus has delivered its fewest jets to China in the first quarter since 2009.

The reporting comes as Brussels prepares possible new measures to counter China's export surge and widening trade imbalance with Europe.

Jens Eskeland is president of the European Union Chamber of Commerce in China.

Escalon's comments come as a new survey from the Chamber shows European firms in China are becoming more optimistic about their business outlook.

But despite signs of improvement, business confidence remains near historic lows by several measures.

68% of respondents said business conditions in their industry became more difficult over the past year.

UK households are set to face the biggest increase in energy bills since 2023.

The country's energy price cap will rise by 13% from July as war in Iran drives up wholesale gas and power costs.

Will Kennedy is our EMEA news director.

Will Kennedy speaking to us as the Bank of England confronts the prospect of prices rising to close to double the BOE's 2% target.