As dark financial clouds gather, Labour has to heed its past: when it chooses austerity, it loses elections

Those who insist on spending cuts are those who are never hurt by them. Time to be brave – and take a new tack, says Guardian columnist Andy Beckett

Reeves and Starmer to prepare ground for tax rises in a difficult autumn budget

Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levy

Bank’s base rate gift signals wage rise conflict is on the way

In their economic outlook the rate setters see a threat from rising prices of food, energy and business services

Bank of England cuts interest rates as it warns food costs could push inflation to 4%

Policymakers cut base rate by quarter-point to 4% amid concern about strength of UK economy

The Guardian view on the London Stock Exchange: its struggles are symptoms of a broken growth model

Editorial: The chancellor and the CBI have plans for reviving the institution. Neither will tackle Britain’s pitifully low levels of business investment

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

UK services sector has biggest fall in orders for nearly three years

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

Truss accuses Badenoch of not telling truth about Tory failures

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

Bank of England forecast to cut interest rates amid rising unemployment and Trump tariffs

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

Deal or no deal? World leaders walk tightrope in tariff negotiations with Trump

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

Starmer and Reeves should consider wealth tax, says former shadow chancellor

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

Tax rises in autumn would force our prices up, retailers tell Reeves

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

The Guardian view on Trump’s crypto push: Britain is right to say no to digital currency politics

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

Dollar strengthens against euro as US-EU trade deal limits uncertainty – as it happened

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