UK borrowed more than expected in November amid pre-budget pressure

ONS figures show public sector net borrowing was £11.7bn – £1.9bn less than in same month last year

Young people will suffer most from UK’s ageing population, Lords say

House of Lords report says tools such as raising pension age and increasing immigration will not be adequate

Bank of England cuts interest rates to 3.75% in pre-Christmas boost for struggling economy

Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained close

UK inflation falls sharply to 3.2% amid slowdown in food price rises

Drop in November annual rate adds to case for Bank of England cut to interest rates on Thursday

Rishi Sunak tells Covid inquiry he was worried about UK’s ability to fund itself

Reflecting on chaos of early pandemic, former chancellor said it was ‘acutely stressful’ to see rising interest bill on government bonds

UK Treasury drawing up new rules to police cryptocurrency markets

Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’

How many more times will the Bank of England rescue Rachel Reeves?

The City expects a cut in interest rates on Thursday but economic prospects for 2026 complicate the picture

UK politics: Trump talks ‘complete nonsense’ about crime in London, says Met police commissioner – as it happened

Mark Rowley says capital is a safe city, and claims of no-go areas are ‘completely false’

There is a fund to create jobs in the poorest areas, and Labour has quietly gutted it. This is what betrayal looks like

It’s a scandal laid bare. A stark new report highlights the price paid in Britain’s former industrial heartlands for this silent piece of ministerial vandalism, says Guardian columnist Larry Elliott

No 10 publishes list of 34 new political peerages including 25 Labour, five Liberal Democrats and three Conservatives – as it happened

Downing Street publishes list including ex-Olympic swimmer Sharron Davies and Iceland supermarket chief Richard Walker

Reeves criticises budget leaks and says income tax decision taken ‘in partnership’ with PM

Chancellor defends budget but tells MPs there were ‘too many leaks’ and that and much of them were inaccurate

Fact check: Trump’s racist and false claims on immigration and cost of living

US president’s speech veered into baseless attacks on inflation, migrants and Ilhan Omar as he revived grievances

Bank of England expects budget will cut inflation by up to half a percentage point

In a boost for Rachel Reeves, deputy governor says analysis shows chancellor’s policies will lower annual rate next year

Davey claims ‘historic victory’ for Lib Dems after tokenistic vote in favour of customs union with EU – as it happened

The vote will have no practical impact, despite Davey’s ‘historic’ claim

Local authorities in England and Wales warn finances at ‘breaking point’

More councils expected to fall into bankruptcy in near future as they face nervous wait over government funding