Jim Chalmers rules out fuel excise extension and downplays hopes for tax relief in ‘most responsible’ budget yet
The treasurer also says May federal budget will play ‘helpful not harmful role in fight against inflation’
Average price of gas in California edges past $6 a gallon, highest level in four years
Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on Iran
The Guardian view on Britain’s fragile systems: when global shocks hit your shopping bill
Editorial: Energy disruption abroad drives prices at home, showing how few safeguards are built in – which is why a call for resilience must be heeded
ACCC v Woolworths may have exposed the ‘magic’ of supermarket discounts – but will it change how we shop?
The seven-day trial in the watchdog’s case against the supermarket offered a rare glimpse into its internal machinations
NatWest faces £140m hit from Iran war as UK growth slows and inflation rises
Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessment
Tony Blair’s thinktank urges Labour to scrap ‘unaffordable’ pension triple lock
State pension was ‘built for a different era’, says former PM’s organisation amid pressure on government finances
Bank of England warns ‘higher inflation unavoidable’ after holding interest rates
Governor says decision to keep rates at 3.75% reasonable given unpredictability of events unfolding in Middle East
Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shut
US economic growth rebounds 2% as consumer spending slows amid Iran war
First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fears
Eurozone inflation soars to 3% as Iran war drives up energy prices
ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February
Why Bank kept interest rates on hold despite message for UK to brace itself for Trumpflation
The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis
Why is Britain’s economy so stuck? It’s the tension between what voters want and what the bond markets allow
There is no such thing as the Bond Dealers party, but there might as well be – the people who trade in UK debt exert a stranglehold over our politics, says Guardian columnist Larry Elliott
Rising costs forcing 3m UK households to skip meals, Which? report finds
Consumer insight tracker shows 85% are worried about food prices and a majority think the economy will deteriorate
Massive profits already earned by property investors to be shielded from Chalmers’ CGT changes
Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’
Jerome Powell to stay on Fed board after central bank holds rates steady in defiance of Trump
Chair planned to exit after inquiry into building renovations but will now oversee ‘remaining steps in the process’