New UK-US trade deal is a relief for Starmer but doubts, and tariffs, remain

The deal definitely puts the UK in a better position, but its impact on the wider economy might be limited

UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war fallout

Class still matters in politics – and until living standards improve, Reform will continue to prosper

Disgruntled and politically footloose voters are impatient for action. Labour has to offer them a lot more than warm words, says Guardian columnist Larry Elliott

Domestic economic woes will wreck Reeves’ budget plans, says thinktank

The forecast said low growth would place the Bank of England in difficult position ahead of next interest rate decision

Cuts leave voters doubting Labour’s ability to deliver change

Many are giving up on the government after the winter fuel allowance cut, on which there may now be a partial U-turn

The Guardian view on Trump’s shock therapy: warehouse and transport workers are the first victims of a class war

Editorial: Behind the slogans and tariffs lies a calculated strategy – fuelled by elite interests, eroding labour rights and stoking global recession

Trump says Biden caused the economic downturn. That’s malarkey

The US president is blaming ‘Biden’s economy’. In fact, there is one key cause of the poor showing – and it’s not his predecessor

Treasury threatens Defra with £4bn bill if Thames Water nationalised

Exclusive: Treasury threat an example of ‘scare tactics’ to help force through private sector deal, sources suggest

Trump tariffs cause fastest slump in British factory export orders in five years

Decline in output and new orders in April allied with rising uncertainty is prompting layoffs, survey finds

Trump ‘makes trade deal with UK second-order priority’ in blow to ministers

US officials have split negotiations with countries into three phases, sources say, with South Korea taking priority

No extra money for NHS staff and teacher pay rises, warns Treasury

Sources say pay increases will not be covered by borrowing and must come from existing budgets, creating possibility of strikes

African diplomats urge UK government to back bill to speed up debt restructurings

Countries are struggling to manage expensive loans, with much of debt transacted through London

US consumer sentiment sees largest drop since 1990 after Trump tariff chaos

Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January

Stunned resignation and foreboding: a week in Trump’s shadow at IMF

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

Reeves holds ‘positive and upbeat’ trade talks with Bessent

Chancellor discusses ‘prosperity deal’ with Treasury secretary Scott Bessent but US calls for reduced tariffs on car imports to UK