A simple solution to Rachel Reeves’ spending cuts? Stop subsidising the banks

A £22bn ‘black hole’ could be filled overnight if Labour stopped paying unnecessarily high interest on balances at Threadneedle Street

The Guardian view on interest rate cuts: helpful for some, but costs are too high for too many

Editorial: Even after the base rate reduction, businesses and households will still be paying record sums to borrow

Bank of England braced for knife-edge interest rate decision

Markets predict quarter-point cut to 5% when policymakers’ decision is announced on Thursday

Greens say Labour should focus more on building council homes and that new housing plan is flawed – as it happened

Rayner says housing target system will raise number of homes planned to 370,000 and confirmed targets will be mandatory

Reeves accuses Hunt of £22bn lie; nonsense, he says. What’s the truth?

Shadow chancellor says successor confected story of ‘black hole’ to distract from tax rises, but things are not clearcut

Tuesday briefing: What Rachel Reeves’ ‘tough choices’ mean for Britain

In today’s newsletter: The new chancellor announced a series of public spending cuts, blaming the previous government while also looking to their playbook

Reeves moves fast to tackle £22bn budget shortfall ‘covered up’ by Tories

Measures include cutting winter fuel payments for wealthier pensioners and shelving cap on social care payments

Rachel Reeves pursues political prize over £22bn financial hole

Carefully honed message of Commons speech is having to make tricky decisions because Tories left us a mess

The Guardian view on Rachel Reeves’ statement: beyond the Tory black hole

Editorial: The chancellor was right to call out her predecessors’ culpability for a disastrous inheritance. But Labour must be bolder

UK politics: Winter fuel payments to be restricted as Reeves says there is £22bn spending shortfall – as it happened

Chancellor suggests budget, on 30 October, will involve tax rises and cuts to spending and benefits

Rachel Reeves is pulling off a transparent political manoeuvre. But she’s not entirely wrong

The Tories really did leave Britain in a fiscal hole. But austerity cannot be the remedy, writes economics and public policy professor Jonathan Portes

Rachel Reeves goes back to the future with her public finances statement

The chancellor’s message was: this is going to hurt, but it’s not my fault. Haven’t we heard that somewhere before?

Reeves scraps social care cap and some winter fuel payments to plug ‘£22bn hole’

Hospital and road projects also targeted as chancellor accuses Tories of covering up scale of fiscal shortfall

McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened

Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customers

‘Smarter money’ is the key that will unlock the promise of Africa and the Caribbean

Regions’ vast potential is being blocked by the need for better investments, key partnerships and reforms to global finance