Where does the welfare bill climbdown leave UK public finances?

With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gap

EU may as well be ‘province of China’ due to reliance on imports, says industrialist

Stefan Scherer, boss of AMG Lithium, says Europe must become more self-sufficient in critical raw materials and new technologies

Exclusive: Experts say higher figure than past estimates should be wake-up call for ministers to tackle obesity

EU’s longest-serving commissioner faces arguably his sternest test with the clock ticking before 9 July deadline

Rolling coverage of the latest economic and financial news

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reduced

Rising fruit and vegetable prices contribute to jump in annual food price inflation in June to 3.7%

Report says concerts attracted record 23.5m fans, leading to unprecedented spend across British economy

Trump officials hail U-turn as Mark Carney says decision to rescind digital services tax means revival of trade talks

UK-US trade deal kicks in today, lowering tariffs for British carmakers and aerospace sector

Concerns over conduct of bosses at Lincolnshire site, with ministers saying workers had been ‘badly let down’

ONS confirms GDP growth at 0.7% between January and March but households saving less of disposable income

Vacancies for graduate jobs, apprenticeships, internships and junior jobs with no degree requirement have dropped 32%, Adzuna finds

Binary rules and twice-yearly OBR forecasts have turned chancellor’s moves into grim spectator sport

In the second in a series, the Guardian looks at how Grangemouth struggles as Reform UK hopes to win votes