Reeves mulls deeper cuts to public services as borrowing costs soar Chancellor could slash departmental spending in spring after ruling out tax increase, officials reveal
Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option
Big retail will cope – but Reeves’ NICs raid is too much, too soon for part-timers In the hospitality sector, where labour costs are a bigger proportion of the overall base, employers have fewer options
What the bond market turmoil means for your mortgage, pension and savings While age is a factor in how people are affected, the turbulence is not all bad news, experts suggest
Starmer to keep saying Truss crashed economy despite legal letter, No 10 suggests – as it happened PM’s spokesperson asks whether Truss ‘will write to millions of people who felt her economic record pushed their mortgage bills up’
Rachel Reeves must handle bond sell-off with care, but this is not a Truss-level event Unlike 2022, bond markets have not been shocked, but the chancellor will know threat of a doom loop is not far away
‘Stop saying I crashed the economy,’ says Liz Truss. Is it possible to gaslight an entire country? The former PM has sent a cease and desist letter to the current one. Will everyone who thinks she was useless get one next, asks Guardian writer Hugh Muir
Pound dips to 14-month low as bond sell-off piles pressure on Rachel Reeves Sterling extends losses against US dollar before easing to half a cent down after Treasury calms market jitters
Liz Truss sends legal letter ordering Starmer to stop saying she crashed economy ‘Cease and desist’ letter accuses PM of harming her reputation and contributing to her losing her seat
Treasury minister moves to reassure markets after UK borrowing costs soar Treasury chief secretary responds to urgent question in Commons as market turmoil hits pound
Rachel Reeves heads to China to build bridges, but new golden era of relations is impossible Seeking business partners is sound policy, but even in these darker geopolitical times the UK will still side with the US
Permanent job vacancies in UK shrink at fastest pace for four years Job market data deepens sense of gloom enveloping UK plc as analysts plan close look at effects of NICs rise on hiring
Retailers warn of higher prices in 2025 and urge ministers to ease tax burden Companies grappling with higher employment costs say price of food may rise by 4.2% in latter half of year
Don’t panic – despite the headlines, the Aussie dollar isn’t crashing While our currency is lower than it’s been for a while, there is no sense of a crash. The RBA’s focus should be on the domestic economy and rate cuts
Fed fears Trump policies could hinder effort to cut US inflation, minutes show Officials concerned by possible impact of ‘potential changes in trade and immigration policy’ from incoming president