Australians are buying EVs instead of holidaying in Europe – and other things we learned from the national accounts

ABS’s snapshot of Australia’s accounts shows economic growth – albeit low – in the face ‘challenging international circumstances’

Bond market sell-off calms as oil price drops, and Burnham pledges ‘fiscal responsibility’ – as it happened

Rolling coverage of the latest economic and financial news

Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move

Ahead of a crucial budget, four countries’ experiments offer a mixed verdict on how to tax bumper profits

Global bond sell-off intensifies as US-Iran tensions stoke inflation fears

UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget

The Guardian view on the global bond shock: Andy Burnham should take note

Editorial: Japan’s collision with Donald Trump reveals the dilemma facing Britain: economic independence is becoming more necessary – and more tricky to achieve

Burnham says Brexit brought ‘decade of low growth’ in first Commons address as prime minister – as it happened

PM says he has a ‘clear diagnosis of what has gone wrong’ with UK, and pays tribute to Keir Starmer after his predecessor quit parliament

Mark Carney tells US to ‘start being serious’ amid escalating trade war

Canadian PM is set to retaliate against tariffs levied by Donald Trump and criticized US officials over insults

UK long-term borrowing costs could halve chancellor’s budget headroom

Yield on 30-year gilts highest since 1998 as rout triggered by global factors underlines tricky backdrop John Healey faces

Price rises gather pace in UK shops amid higher energy costs

In-store inflation rises to an annual 1.5% in August, according to a survey for the British Retail Consortium

‘A huge learning curve’: apprentices on the benefits and pitfalls of vocational training

While many young people have found jobs and built careers, some have struggled to complete their courses

Iran’s economy in crisis as US launches new sanctions campaign

Trump’s Operation Economic Outcast is expected to push many Iranians into deeper poverty as food inflation soars

As US-Canada tensions flare, who’s calling the shots in Trump’s trade team?

US trade representative Jamieson Greer has a level-headed reputation but commerce secretary Howard Lutnick and White House adviser Peter Navarro also have key roles

AI could cause global economic downturn, Bank of England governor tells G20

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system

OnlyFans and AI training: why gen Z doesn’t care where our money comes from

With traditional goals such as stability and home ownership feeling out of reach, young people are focused on the present

UK households will take £2,400 financial hit from Iran war, analysis shows

Centre for Economics and Business Research calculates effect of inflation and wage stagnation to end of 2027