Reeves to announce major change to fiscal rules releasing £50bn for spending After weeks of speculation, chancellor will tell IMF in Washington that UK’s debt measure will be redefined to permit borrowing for investment
IMF warns Trump trade tariffs could dent global economy as it upgrades UK outlook New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%
‘Utter ruin’: Gaza economy would take 350 years to return to pre-conflict level, UN says Report says ‘intense military operations in Gaza have left unprecedented humanitarian, environmental and social catastrophe’
IMF warns markets are underestimating geopolitical risks; UK faces a ‘narrow path’ on debt reduction – as it happened IMF predicts UK will grow by 1.1% this year, making it the joint third-fastest G7 country, but debt consolidation will be a challenge
While the IMF is upbeat about global growth it knows where dangers lurk Optimistic forecasts could be upset by high borrowing costs, war in the Middle East – or a Trump election win
Treasury warns of difficult decisions in budget after September borrowing rise ONS data shows higher debt interest payments and pay awards for public sector workers pushed figure to £16.6bn
Cross-party MPs urge Reeves to impose 2% tax on wealth above £10m Move could raise £24bn a year say signatories including Jeremy Corbyn as polls suggest public support
Employment rights bill will cost firms £5bn per year but benefits will justify costs, government says – as it happened Analysis from business and trade department says bill will significantly strengthen workers’ right
UK interest rates to fall to 2.75% by next autumn, Goldman Sachs predicts Economists at investment bank say markets are underestimating likely extent of action by Bank of England
Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – as it happened Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.
Rachel Reeves urged to ringfence NHS funding on illness prevention Exclusive: Health charity and other bodies say carving out new category of spending would save taxpayers money
Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries In Washington, finance ministers will face pressure for action to reduce their own debt and offer more resources to poorer nations
Degrowth needs to solve its image problem for the sake of the planet We need to deal with the climate effects of global capitalism the way we deal with inflation – by applying the brakes
Biden’s economic legacy could decide the presidential race in Scranton The politically split Pennsylvania town shows why the race is so close – and it’s unclear whether the president’s legacy will be enough to carry Harris over the line
Rachel Reeves will tax businesses to plug £9bn black hole in NHS The chancellor is set to announce a revenue-raising budget designed to reset Britain’s public finances