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From more tax to rewriting budget rules: six alternative ways Rachel Reeves could raise money

The chancellor has been slated by politicians, the public and campaigners for pushing ahead with brutal welfare cuts – but there were other options

Wall Street shrinks in response to price pressures, stoking fears of Trump tariffs

Major indices fell by about 2% as data shows rising prices and the Fed holds off on cutting interest rates

Wall Street slides as US consumer sentiment falls to two-year low amid tariff fears – as it happened

US stocks fall after latest consumer sentiment poll shows Americans are anxious about the state of the economy

‘Down to the wire’: inside the UK’s crunch talks with the US as it bids to avoid Trump tariffs

Ministers seek carve-out from import taxes before 2 April deadline – but critics believe they may have offered too many concessions

Retail sales in Great Britain given lift as shoppers splash out

Sales volumes rise 1% in February after City economists had predicted fall amid weak consumer confidence

‘Good chance’ Reeves will have to raise taxes in autumn budget, thinktank says – as it happened

Institute for Fiscal Studies also warns Reeves over her focus on sticking with fiscal rules regardless of real world events

Reeves could tax pensions and wealth if economy worsens, says IFS

Chancellor may have to reconsider pledge not to raise taxes in light of ‘risky and changing world’, thinktank says

Carmaker shares fall after Trump 25% tariff move as Reeves warns against trade war

Chancellor says UK not planning retaliatory tariffs on US ‘at the moment’ while PM calls move ‘very concerning’

Carmaker shares slide after Trump’s 25% tariff; British Steel proposes closing Scunthorpe blast furnaces – as it happened

Rolling coverage of the latest economic and financial news

Swahili? Mandarin? The UK is increasingly multilingual – yet our politicians won’t talk about it

Even the census ignores them, but multilinguals could hold the key to Britain’s social and economic future, says science journalist Laura Spinney

Rachel Reeves swears this is not a return to austerity. What matters is that it feels like one

The ‘party of change’ says it’s bound by fiscal rules. What voters hear is that all governments are the same, says Guardian columnist Gaby Hinsliff

Surging cost of cocoa leads UK shoppers to shell out more for smaller Easter eggs

Prices of some chocolate products have risen by 50% in a year while many have also shrunk in size, Which? reports

Rachel Reeves accused of balancing books on back of UK’s poorest

Labour is braced for a backlash from its MPs over welfare cuts called ‘appalling’ by a food bank charity

Reeves says poverty figures from spring statement cuts don’t take into account impact of getting people into work – as it happened

More than 3 million families will lose out as a result of sweeping cuts to welfare, official analysis shows

OBR warns of Trump tariff uncertainty as it downgrades UK growth

Treasury watchdog halves growth forecast to 1% for 2025 in report issued alongside spring statement

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  • NPR retracts ‘inaccurate’ story saying supreme court justice Samuel Alito retiring
  • Shetland councillors back plans to build tunnels to link some of largest islands
  • US treasury secretary warns oil and gas companies to lower prices: ‘We’re watching’
  • UK disposable incomes squeezed by price rises and tax changes
  • EU halves duty-free steel quota but UK and other partners given better rate
  • Telegraph’s £575m takeover by German group completed
  • Nigel Farage received £270,000 from gold marketer he promotes
  • UK government ‘minded to intervene’ in Paramount’s takeover of Warner Bros Discovery – as it happened
  • UK watchdog plans to break Apple and Google’s ‘effective duopoly’ on mobile app stores
  • Trains disrupted on UK’s busiest intercity line as cows wander on to tracks
  • Number of billionaires globally soars by 13% amid AI shares boom
  • Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?
  • UK ‘minded’ to intervene in Paramount’s $110bn takeover of Warner Bros Discovery
  • UK housebuilders face class action suit over alleged collusion to inflate prices
  • Doubt that Elon Musk ‘earned’ his trillion? Rightwing media says you’re in an ‘impotent envy cult’
  • Sainsbury’s chief says grocery inflation not as bad as feared so far
  • Nearly 25% of UK pubs and restaurants lose money, research shows
  • Cost to rewire Great Britain’s electricity network could reach £90bn in 2030s
  • I’m paying £450 a month for a Peugeot EV I can’t drive
  • Millions of Britons urged to submit meter readings before energy price cap rises on Wednesday
  • Brompton sells stakes to Decathlon and Chinese Labubu backer
  • ‘Commanding heights of the economy’: the postwar blueprint that inspires Burnham
  • Crypto firms operating in UK to be subject to sweeping new rules
  • 1 July changes: minimum wage rises, payday super, parental leave tweaks and everything else coming for 2026–27
  • High-street slot machines and casinos could face £460m tax rise under Burnham
  • EU sets up three months of talks with China over €360bn trade deficit
  • What is Andy Burnham’s economic and political blueprint for Britain?
  • The Guardian view on Andy Burnham’s speech: Rewiring Britain needs Westminster to give up real power
  • Outcry over supreme court decision to grant Trump power to fire agency chiefs
  • Andy Burnham confirms he will set up ‘No 10 North’ in Manchester in major policy speech – as it happened

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