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The UK and South Korea are to launch talks on a new trade deal and sign a diplomatic accord as part of Korean President Yoon Suk Yeol’s state visit. Business and Trade Secretary Kemi Badenoch will begin negotiations with her Korean counterpart Bang Moon Kyu at the UK-Korea Business Forum at Mansion House on Wednesday. They will also announce £21 billion of investments committed by Korean businesses in green energy

Public transport users in London are failing to claim thousands of lost property items handed in every week. Transport for London (TfL) is urging passengers who accidentally leave belongings on trains and buses to check if they have been retrieved. The transport authority moved its lost property office from South Kensington to West Ham last month to accommodate the rising number of objects being stored and to improve processing times.

Government borrowing increased by more than expected last month according to official figures, but left Chancellor Jeremy Hunt with headroom for planned tax cuts in Wednesday’s autumn statement. Economists said the latest borrowing data will mean the Chancellor “won’t be able to resist the temptation to unveil a pre-election splash” of cuts. The Office for National Statistics (ONS) said public sector net borrowing stood at £14.9 billion in October –

A police search has been launched for four young men who have been missing since Sunday morning. Jevon Hirst, Harvey Owen, Wilf Henderson and Hugo Morris are thought to have been travelling in the Harlech and Porthmadog areas of Gwynedd. They were last seen in a silver Ford Fiesta, registration HY14 GVO, North Wales Police said. It is believed they had gone camping in the Snowdonia area. Their worried parents

The company that manages the licence fee for the BBC and runs recruitment for the Army has said it might slash up to 900 jobs in a bid to save costs. Outsourcing giant Capita said it would shortly launch consultations as it looks to save around £60 million per year from the early part of 2024. The business said that the cuts would mainly hit “indirect support function and overhead

Phil Taylor has announced the World Senior Darts Tour in 2024 will be his final year on the circuit. The 16-time world champion initially walked away from the sport in 2018 after making the final of the PDC World Championship, but returned to competitive darts last year. Taylor, known as ‘The Power’, has now confirmed his glittering trophy-laden career on the oche is about to enter its final 12 months,

The King and Queen will officially welcome the president of South Korea to the UK on Tuesday and stage a glittering state banquet in his honour at Buckingham Palace. Charles and Camilla are hosting Yoon Suk Yeol and his wife Kim Keon Hee for the first incoming state visit since the King’s coronation and the second of his reign. The Prince and Princess of Wales will play a key role