Stock markets and US dollar drop, and bond yields rise, after US credit rating downgrade; EC cuts eurozone growth forecast – business live Long-term US borrowing costs hit 18-month high over 5%, as bond market flashes ‘warning signals’
Eurozone growth forecasts cut amid uncertainty over Trump trade war Impact of tariffs demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European Commission
How has Britain’s economy fared since Brexit? The five charts underpinning the UK-EU summit Almost a decade after the referendum, there are challenges to be tackled at Monday’s gathering hosted by Keir Starmer
UK ‘may need 92,000 extra public workers if fall in productivity continues to 2030’ Report suggests Rachel Reeves could be forced to spend £5.1bn if last year’s downward trend continues
The Guardian view on Labour’s competition policy: don’t let big tech set the agenda Editorial: Ministers seem to think a more conciliatory approach to corporate behemoths is good for growth. The evidence suggests otherwise
US credit rating downgrade could add to pressure on government debt Loss of Moody’s triple-A rating comes amid concerns about fiscal trajectory and widening budget deficit
Bank of England should promise lower interest rates – and see off Nigel Farage Rate-setters would fuel growth by clarifying policy and bringing rates low enough to encourage investment
UK-EU summit will be step on path to better relations, says Rachel Reeves Chancellor tells Guardian that UK will retain red lines such as no free movement but ‘there will be future areas where we can do more’
US consumer sentiment falls as tariffs drive up inflation fears; Number of UK billionaires drops – as it happened Rolling coverage of the latest economic and financial news
UK jobseekers: share you experience of visiting a Jobcentre We’d like to hear from people in the UK looking for work how they have experienced visiting a Jobcentre branch, and whether they’d found it helpful
US recession still possible, Jamie Dimon warns, as UK tops G7 growth table – as it happened UK economy posts its fastest quarterly growth in a year, outpacing rivals, in growth spurt ahead of trade war disruption
Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production President rebukes tech firm after reports it will switch assembly of iPhones for US market from China to India
US reportedly plans to slash bank rules imposed to prevent 2008-style crash Watchdogs could cut capital rules as Trump’s deregulation drive opens door to rollback of post-crisis protections
GDP rise and a less scary outlook offer Rachel Reeves some rare cheer After two sickly quarters, upbeat growth data and UK trade deal with US paint brighter picture
UK economy defies gloomy warnings to grow 0.7% in first quarter of year GDP rise follows stronger levels of business investment as firms rushed to beat Donald Trump’s tariffs