Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off?
The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say
Families hardest hit by energy crisis could be given funds dispensed by councils in England
As Iran war continues, ministers debate several options for extending support to households
Pessimism takes root in UK as shoppers struggle to afford essentials
Millions are dipping into savings or borrowing to get by as the Iran war drives up prices, survey shows
Who are the Houthis – explained in 30 seconds
Yemeni militant group is ally of Iran and has previously caused huge disruption to global trade through attacks on Red Sea shipping
Oil on track for record monthly surge as Iran war disrupts markets
Brent crude jumps 51% since start of March and gold suffers fifth-largest monthly fall in 50 years
War in Iran erodes the chancellor’s headroom and exposes the UK’s fragility
Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvre
US treasury department demands retraction of story on increased oversight of Federal Reserve
Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’
Wall Street hits six-month low and Dow falls into correction as Trump ‘appears to lose his grip on markets’ – as it happened
Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since Monday
UK government borrowing costs hit 5% as Iran war fuels bond market sell-off
Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate rises
Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war
President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran
US markets see biggest slump since start of US-Israel war on Iran
Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory
NS&I chief executive replaced in ‘fresh start’ over missing savings crisis; bad day for markets – as it happened
Pension minister says ‘appropriate compensation’ will be paid to the approximately 37,500 people affected
Australian growth forecasts slashed as global economy faces inflation spike
OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflation
Middle East conflict will damage UK’s economy ‘more than any other’
Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this year
UK consumer confidence has ‘collapsed’ during Iran war, retail industry says
BRC survey finds public even more pessimistic about finances as higher energy prices fuel inflation fears