Healey urged to be bold on borrowing in first test of Burnham’s growth pledge

Some want the chancellor to exploit newly flexible fiscal rules – others want a more creative approach, such as borrowing from markets

US refunds $100bn of Donald Trump’s ‘liberation day’ tariffs

More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal

As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households

Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic steward

Brent crude drops by 5% after US president claimed talks on Middle East peace deal would resume

Factories in upbeat mood despite fears over economic impact of US war on Iran, poll finds

US and Japanese governments confirm they carried out a rare joint intervention late last week

Exclusive: As wildfires rage across Europe, Frank Elderson tells the Guardian nature loss poses a growing risk to the global economy

Split vote comes as Iran war is rekindled and oil price climbs close to $90 a barrel

Live, rolling coverage of business, economics and financial markets as three members of monetary policy committee vote to raise rates

Consumer spending remained resilient even as policymakers kept interest rates on hold

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%

Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’

Consumer goods group reports strong sales growth, owing in part to World Cup marketing campaigns