Trump’s 25% car tariff to hurt UK manufacturers; British Steel proposes closing Scunthorpe blast furnaces – business live Rolling coverage of the latest economic and financial news
Reeves says trade wars ‘no good for anyone’ as new Trump tariffs raise further fears for UK economy – UK politics live Reeves also said talks were continuing with the US about securing ‘a better trading relationship’
Carmaker shares fall after Trump 25% tariff move as Reeves warns against trade war Chancellor says UK not planning retaliatory tariffs on US ‘at the moment’
Reeves’s statement will leave poorest £500 a year worse off, finds thinktank Resolution Foundation says ‘outlook for living standards remains bleak’ after chancellor’s cuts to welfare
Aviation watchdog to look at ‘resilience’ rules after Heathrow closure CAA says it will consider whether to take further steps under Heathrow’s licence as part of review
Next reports £1bn in annual profits for first time but warns on UK economy Retailer says big business cannot afford to finance ‘excessive regulation’ and government debt
Ofgem’s energy price cap doesn’t cover our LPG supply We’ve already experienced a big jump in the cost of gas in Mid Wales and are worried it will soon be even higher
School dinner payment app criticised for £10 refund fee After pulling out of the market Squid is charging parents who want to withdraw their remaining funds
Rachel Reeves swears this is not a return to austerity. What matters is that it feels like one The ‘party of change’ says it’s bound by fiscal rules. What voters hear is that all governments are the same, says Guardian columnist Gaby Hinsliff
Surging cost of cocoa leads UK shoppers to shell out more for smaller Easter eggs Prices of some chocolate products have risen by 50% in a year while many have also shrunk in size, Which? reports
Donald Trump announces new 25% tariffs on cars from overseas Canada’s prime minister, Mark Carney, describes the levies as a ‘direct attack’ and vows to defend Canadian workers and companies
Major UK investors join push for retail giants to pay workers ‘real living wage’ Axa and Scottish Widows back ShareAction campaign for chains such as Next to pay at least £12.60 an hour
Labour MPs condemn Rachel Reeves’s ‘unacceptable’ welfare cuts Backbenchers express anger as impact assessment shows 3.2 million households will be worse off
Rachel Reeves accused of balancing books on back of UK’s poorest Labour is braced for a backlash from its MPs over welfare cuts called ‘appalling’ by a food bank charity
Tax avoidance whistleblowers will earn share of HMRC proceeds, says Reeves Chancellor promises ‘compensation’ for information on tax-dodgers, based on US model, in move to close £1bn ‘tax gap’