Middle East war ‘could wipe out 75% of chancellor’s budget headroom’; UK inflation climbs to 3.3% – as it happened

Oil prices rise again above $100 a barrel as strait of Hormuz remains closed; EU energy commissioner warns energy crisis could last months or years even if there is peace

Taxes on UK workers have risen at fastest rate in rich world, says OECD

Economic body found Britain had the biggest increase in ‘tax wedge’ out of 38 member nations last year

Ryanair to close check-in 20 minutes earlier amid concern over Europe border queues

Budget airline says change will take effect from November and will give passengers more time to get through airports

Tui cuts profit forecast as effects of Iran war cost travel group €40m

Firm had to repatriate almost 12,000 guests and staff, including from two cruise ships in Abu Dhabi and Doha

‘Get back to work’: Amazon faces fresh scrutiny over workplace safety record

Workers and labor advocates say the company’s injury rates and how it treats injured staff remain a problem

UK inflation rises to 3.3% amid biggest jump in fuel prices in more than three years

Annual March rate shows impact of Iran war, which also pushed up cost of food and air fares

UK firms to face tougher checks on export licences to bolster sanctions on Russia

News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effort

Why Trump’s pick for Fed chair will not bring home the bank for the president

Kevin Warsh, Trump’s ‘central casting’, has a long road ahead of convincing board members to lower interest rates

Anthropic investigates report of rogue access to hack-enabling Mythos AI

‘Handful’ of people allegedly gain unauthorised access to model adept at detecting cybersecurity vulnerabilities

AI hallucinations found in high-profile Wall Street law firm filing

Sullivan & Cromwell apologises to New York federal judge for string of errors in documents for Prince Group case

Calls for change to rules after stretch of Thames fails to gain bathing water status

Campaigners in Henley say insufficient number of bathers to qualify for status is result of poor water quality

Coles adds 20c to the price of milk as war in the Middle East pushes up Australian grocery costs

Farmers have been calling for higher prices for weeks, amid soaring diesel and fertiliser costs and limited supply

City watchdog faces legal action over £9.1bn compensation scheme for car loan victims

Exclusive: Lawyers for group Consumer Voice notified FCA they are challenging redress scheme as inadequate

Woolworths’ ‘Prices Dropped’ rules intended to prevent ‘gaming’ the promotional system, executive tells court

Senior manager at supermarket giant gives evidence on day two of case brought by the Australian Competition and Consumer Commission

UK could face ‘hacktivist attacks at scale’, says head of security agency

Officials warn a conflict situation could cause disruption similar to recent major ransomware incidents