Volkswagen to shut at least three German factories, union warns; Oil price falls 5% after Israel’s attack on Iran – as it happened

Rolling coverage of the latest economic and financial news

From tax cuts to breaking the economy: five UK budgets that made a difference

As Rachel Reeves prepares to unveil her measures, we look at how five of her predecessors broke the mould

Reeves’s radical change to fiscal rules could go further – New Zealand shows how

Nation follows net worth rules which count liabilities such as debt but also assets, including land, roads, hospitals and schools

Carbon emissions of richest 1% increase hunger, poverty and deaths, says Oxfam

Consumption of the world’s wealthiest people also making it increasingly difficult to limit global heating to 1.5C

OBR to publish breakdown of claimed £22bn ‘black hole’ on budget day

Former chancellor Jeremy Hunt says decision to publish findings of review on Wednesday is ‘significant concern’

Labour should ‘invest big’ in arts and culture projects, says top economist

Andy Haldane says funding ‘social infrastructure’ and cultural institutions is crucial for communities

The long-awaited Labour budget needs to show the party knows what to do with power

A strategy of raising taxes, spending and borrowing all at the same time to fund investment has risks, but it has a logic too

It’s hard to fill a budget black hole if you’ve ruled out raising income tax

Keir Starmer and Rachel Reeves were so desperate to win the election that they deprived themselves of the best tools for fixing their bleak ‘inheritance’

Reeves: ‘My budget will match greatest economic moments in Labour history’

The chancellor says she will invest to reverse Tory decline, but stands accused of breaking party manifesto promises

The sickness trap: how Barnsley has tried to fight back against worklessness

Leaders of the town, which has some of UK’s highest levels of economic inactivity, are hoping for help from Rachel Reeves’s budget

Rachel Reeves basks in IMF backing for UK budget rules overhaul

In one session after another, IMF officials repeated backing for principle of increased borrowing to drive growth

UK consumers ‘despondent’ ahead of the budget; pound heads for worst month in a year; Russia hikes interest rates – as it happened

People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK

Budget will reverse huge cuts in UK’s public investment, Reeves confirms

Chancellor pledges to spend, but says there will be no Truss-style splurge when she changes fiscal rules in budget

Jeremy Hunt claims Labour changing debt definition will ‘punish families with mortgages’ – as it happened

Former chancellor says ‘increasing borrowing means interest rates would be higher for longer’ as Reeves says it will ‘make space for investment’

Global economy faces ‘anxious times’, warns IMF; Reeves says stability fiscal rule will mean higher taxes – as it happened

People don’t feel good about economic prospects, admits IMF chief Kristalina Georgieva