Starmer declines to rule out election pledge-breaking tax rises in budget after claim Treasury must fill £40bn deficit – as it happened

Prime minister defends government’s handling of economy but will not give assurances over not raising income tax, employee NI or VAT

Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap

Figures add to pressure on Bank of England to cut interest rates when it meets on Thursday

Ex-PM’s criticism follows Tory leader’s article comparing Labour policy to Truss’s disastrous mini-budget

City predicts quarter-point drop to 4% when MPC meets on Thursday

Trading partners are at a loss as US president imposes and pauses steep duties with seemingly no rhyme or reason

Anneliese Dodds urges government not to duck ‘big decisions’ in autumn budget

Lobby group says shops have already had to put up prices and new increases would leave households struggling

Editorial: As the US president’s family profits from private money, the Bank of England is showing necessary leadership by rejecting the hype

Live, rolling coverage of business, economics and financial markets as European stock market rally fizzles out

Financial crisis of 2008 should not be forgotten as reinflation of banking industry could hurt other priority sectors

Chancellor is advised to give herself more leeway in the next budget before adjusting taxation or spending

Charlie Nunn says higher taxation would be inconsistent with chancellor’s drive for growth

For Britain, this is a much-needed post-Brexit boost, and for India it shows decades of protectionism are in the past

Chancellor under pressure to recruit new experts as John Van Reenen and Anna Valero return to academia