UK government borrowing costs rise as Starmer ‘fails to reassure bond markets’ – as it happened

Yields on 10- and 30-year British government bonds have risen today, as investors digest possibility of leadership challenge

UK borrowing costs rise as Starmer speech fails to dispel investor ‘jitters’

Bond yields creep higher on concerns about potential for political instability and rising inflation

Senator Chris Van Hollen and other Democratic lawmakers are embracing a policy that hardly benefits the middle class

Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’

Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bank

PwC survey reports fast fall in consumer confidence with people worried about Iran war’s impact on economy and personal finances

Banknotes are now so tattered that even buses refuse to accept them, as a dollarised economy and mobile phone payments push up the cost of essentials

The economic warnings are bleak, but full extent of shortages are still not felt for many European countries

Even with the Iran war weighing Trump’s party down, Democrats face a challenge turning the upper chamber blue

Rolling coverage of the latest economic and financial news

Bond yields drop as market fears ease that Labour leader will be replaced by a more leftwing rival

Unemployment remained steady at TK% as the US-Israel war on Iran continues to rattle the American economy

Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementation

Halifax says cost of typical home fell by 0.1% in April, the second consecutive monthly drop, with pace of annual growth down from 0.8%. to 0.4%

Mark Preston, of Grosvenor Group, who owns one of the UK’s leading farms, says knock-on effect of Iran war could arrive next year