Starmer tightens grip on economic policy by strengthening autumn ‘budget board’ Key figures from No 10 and No 11 appointed to group include Torsten Bell, new economic adviser Minouche Shafik and comms chief Tim Allan
CBI boss calls for Reeves to tear up Labour’s pledge not to raise tax Rain Newton-Smith tells chancellor ‘the time for tinkering is over’ and revisit promise not to raise taxes on working people
I’m not running for Labour deputy leader. I want the freedom to fight for an economic reset The failed status quo and the OBR are holding us back from investing in ways that will transform the UK for the better, says Labour MP Louise Haigh
UK politics: Creasy leaves open chance of Labour deputy leadership bid and calls for Palestine Action law change – as it happened The MP said police should be focusing on people who are members of the group, not those who ‘recklessly express support’ for it
Unite’s Sharon Graham: ‘Labour has one year to get it right. Farage is on their tail’ As workers feel the pressure and more people tune in to Reform, Starmer risks losing union members’ support, Graham says
Reeves’s £50bn problem solved: stop splashing it in pension tax relief Older people would save anyway if state support was more limited, and overhaul of council tax would net billions more
Canada’s Mark Carney signals austerity measures as government shifts focus from Trump to economy Prime minister cautions Canadians as Ottawa moves to curb spending to balance near-record military expenditures
UK businesses cut jobs at fastest pace in four years over summer, Bank of England finds Companies say increase in employer national insurance contributions has forced them to cut jobs and raise prices
Hugh Corbet obituary Other lives: Economist who created the London-based Trade Policy Research Centre and was committed to promoting free trade
Scrap two-child benefit cap to help lift 4m people out of poverty, government urged Exclusive: Cross-party Poverty Strategy Commission says abolishing limit would be part of its ‘once in a generation’ plan
Farage a ‘Putin-loving, free speech impostor’ says Democrat before Reform head’s US speech – UK politics as it happened Jamie Raskin says Farage is ‘a Trump sycophant’ before UK politician addresses the House judiciary committee in Washington
The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes Editorial: Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demand
Rachel Reeves’s autumn budget will take place on 26 November As the later-than-usual date is set, chancellor insists the economy ‘isn’t broken’ but ‘isn’t working well enough’
UK hit by fresh sell-off in government bond markets as pound weakens Yield on 30-year gilts hit highest level since 1998, indicating it will cost UK more to borrow from markets
Rising bond yields leave Reeves with no choice but to plan a ‘muddle-through’ budget Despite predictions of a 1970s-style budget crisis, analysts point out similar rises are taking place in other markets