Reeves’s plan to ditch income tax rise prompts government bond sell-off
Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July
Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live
Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bn
US markets struggle amid tech sell-off and economic uncertainty
Wall Street endured its worst day in a month on Thursday as fears that tech companies are now overvalued loom large
Pound falls and UK borrowing costs rise as Reeves ditches plans for income tax hike – as it happened
Jitters over the UK’s autumn budget grow as chancellor Rachel Reeves abandons plans to raise income tax on 26 November
Walmart CEO Doug McMillon to step down after more than a decade in role
John Furner, the retail chain’s boss in the US, will succeed McMillion as global CEO after 31 January
Fossil fuel lobbyists outnumber all Cop30 delegations except Brazil, report says
One in every 25 participants at 2025 UN climate summit is a fossil fuel lobbyist, according to Kick Big Polluters Out
UK exports to US hit lowest level since January 2022 as tariffs bite, and economy shrinks – as it happened
New economic data shows fall in UK exports to the US, as Britain’s economy shrinks slightly in September
Scotland plans to issue £1.5bn of its own bonds – ‘kilts’ rather than gilts
Announcement by first minister John Swinney comes after Moody’s and S&P give country same credit rating as UK
Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?
Stronger public finances require stronger economy, but large tax rises and spending cuts could squeeze activity further
UK economy grew by just 0.1% in third quarter after hit from JLR cyber-attack
Figure undershoots forecasts, with Jaguar Land Rover hack helping to pull September GDP down by 0.1%
UK gets record demand at government debt auction; FTSE 100 index sets new closing high – as it happened
Sale of index-linked debt sees record demand, while UK bond yields are only marginally higher on the back of ‘political chaos’
Tech shares slide after SoftBank sells Nvidia stake; UK interest rate cut expected in December – as it happened
Rolling coverage of the latest economic and financial news
UK unemployment rises to 5%, the highest level in four years
ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrolls
Rising unemployment could affect budget, interest rates, pay and more
Rachel Reeves will need to avoid depressing economy and hitting jobs while raising billions in extra tax
Nexperia row shows how China is weaponising EU relationship – and winning
Experts say Brussels must stand up against Beijing using supplies of vital chips and minerals as ‘sword of Damocles’