UK banks keep £100 limit for contactless card payments despite FCA scrapping it

Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for now

Ban corporate donations to UK political parties to protect elections, says thinktank

CenTax warns bill under debate in parliament has ‘easily exploitable’ loopholes and will not prevent foreign interference

UK to double steel tariffs to 50% to save plants from collapse

Business secretary announces new measures during visit to Tata’s Port Talbot plant

The Guardian view on Rachel Reeves and the EU: the right ambition is held back by outdated red lines

Editorial: The chancellor makes a compelling case for alignment with the EU, but her strategic analysis isn’t matched with political urgency in Downing Street

What is the £1.3bn MFS mortgage scandal and what is private credit?

A worldwide freezing order has been imposed on Paresh Raja, the owner of a UK mortgage provider

Reeves’s speech had a giant hole: the sky-high cost of energy for industry

Businesses say the chancellor’s response to the problem is too timid and more radical thinking is needed

Rolls-Royce scraps goal to go all-electric by 2030

Company says it will continue to sell cars with V12 internal combustion engines as there is demand from clients

War in Middle East has ‘heightened the risks to the global economy’; markets in ‘panic mode’ as oil jumps and shares fall – as it happened

Rolling coverage of the latest economic and financial news

Starmer says Tory shadow minister should be sacked for criticism of Muslims praying in Trafalgar Square – as it happened

Nick Timothy said an event attended by the mayor of London that included prayers was an ‘act of domination’

Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield

Revolutionary Guards say they will strike infrastructure in Saudi Arabia, UAE and Qatar after South Pars field hit

Polanski positions Greens’ economic policy as radical alternative to Reeves

Offer to reform taxes, tackle ‘rip-off Britain’ and overhaul fiscal rules could tempt exasperated Labour supporters

Trump waives US shipping law for oil and gas in bid to lower prices

Move comes as president attempts to mitigate rising price of oil while carrying out war on Iran

MS Now makes first major programming moves since name change

Cable news network plans for a new morning show hosted by Stephanie Ruhle, taking hour back from Morning Joe

Never waste a fuel crisis: the Albanese government must seize the moment and start taxing gas companies

A failure to respond to soaring energy prices and act in the May budget could make voters turn their anger toward the federal government

Zack Polanski says Greens would ditch GDP targets and focus on wellbeing instead

Leader uses first major economic speech to prioritise public services and reduction of inequality over growth