Increase wealth taxes to stop rise of Reform UK, says ex-Labour minister Liam Byrne has warned the chancellor that extra levies on the rich are needed to halt the rise of the populist right
Less haste more speed will win Labour the race to fix 21st-century Britain Rebuilding existing infrastructure is key for the government rather than rushed policymaking for new projects
Labour MP defends chancellor’s refusal to bring in wealth tax Swansea West MP Torsten Bell says such a tax would not raise ‘significant revenues’
Dollar strengthens after US beats forecasts with 254,000 new jobs in September – as it happened Rolling coverage of the latest economic and financial news
Bank of England chief economist urges caution over interest rate cuts Huw Pill’s comments come a day after governor Andrew Bailey raised prospect of ‘more aggressive’ cuts
US adds over 250,000 jobs in September, defying fears of slowdown Job creation unexpectedly accelerated in September as unemployment rate slipped to 4.1%
Pound heads for biggest fall in 18 months after Bank of England governor hints at ‘more activist’ rate cuts; Oil hits $77 per barrel – as it happened Andrew Bailey tells the Guardian the Bank could become a ‘bit more aggressive’ in cutting interest rates if news on inflation continued to be good
Sterling drops after Bank of England boss hints at ‘aggressive’ rate cuts Pound reacts as Andrew Bailey tells Guardian borrowing costs could fall if inflationary pressures continue to ease
Global supply chains are under pressure again. Will inflation start rising? Conflict in the Middle East, a strike at US ports, problems at the Panama Canal … a rush of problems could create a crisis for exporters
Financial markets could still avoid panic amid oil price risk in Middle East crisis Oil prices rose by more than 4% as Israeli troops moved into Lebanon and Iran launched missiles on Israel
Biggest drop in UK manufacturing confidence since March 2020; eurozone inflation hits three-year low – as it happened Rolling coverage of the latest economic and financial news, as UK factory growth slows and eurozone inflation dips below 2%
Cleverly says it was a mistake for Sunak to say he would ‘stop the boats’ because that was ‘unachievable target’ – as it happened Former home secretary says the phrase ‘stop the boats’ was ‘an error’ and it was too complicated a problem to distil into a soundbite
News Corp applauds Australia’s REA Group for abandoning attempted takeover of Rightmove – as it happened Rolling coverage of the latest economic and financial news
In Las Vegas, housing could make or break the battle for the White House Nevada, once known for its low living costs, has seen house prices soar and rents climb – can Trump take advantage?
Kamala Harris’s economic policy slate more popular than Trump’s – poll Exclusive: Harris Poll for Guardian finds Democrat put forward four of top five most popular economic proposals