Private pensions are a publicly subsidised gift to the wealthy John Healey should equalise the tax break on pension savings to stop inequalities from widening
Union calls for robust review of OBR over fears it holds back economic growth TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefits
US unexpectedly lost 23,000 jobs in July as slump in growth continues Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1%
Trump orders new 15% tariff on key material for solar panels and microchips Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer
Most Americans view rising living costs as biggest barrier to a better life, survey finds When asked to detail what would make a better life in three to five years, 60% of US adults said greater financial security
Healey urged to be bold on borrowing in first test of Burnham’s growth pledge Some want the chancellor to exploit newly flexible fiscal rules – others want a more creative approach, such as borrowing from markets
US refunds $100bn of Donald Trump’s ‘liberation day’ tariffs More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal
Bank battle: history suggests Burnham faces fight if he opts for windfall tax As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households
Trump Fed chair’s inflation strategy: leave it to the market Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic steward
Oil prices plunge and Europe’s markets rally after Trump calls off Iran strikes Brent crude drops by 5% after US president claimed talks on Middle East peace deal would resume
UK manufacturing growth picks up as Trump tariff chaos eases Factories in upbeat mood despite fears over economic impact of US war on Iran, poll finds
Yen hits three-month high after Trump helps prop up currency US and Japanese governments confirm they carried out a rare joint intervention late last week
ECB official warns climate crisis poses growing threat to ‘core financial stability’ Exclusive: As wildfires rage across Europe, Frank Elderson tells the Guardian nature loss poses a growing risk to the global economy
Bank of England holds interest rates at 3.75% as inflation fears mount Split vote comes as Iran war is rekindled and oil price climbs close to $90 a barrel
Bank of England holds interest rates despite Iran war inflation threat – as it happened Live, rolling coverage of business, economics and financial markets as three members of monetary policy committee vote to raise rates