UAE quits Opec in ‘pivotal moment’ for oil producing group – as it happened

It’s UAExit as the United Arab Emirates will leave Opec on 1 May, in a blow to the group of oil producers

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre

EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc

China sold goods worth about $148bn to EU in first quarter of year, but imported just $65bn

Goldman raises oil price forecasts as Iran war deadlock continues; Shell buying Canada’s ARC in $13.6bn deal – as it happened

Rolling coverage of the latest economic and financial news

G7 central banks poised to hold borrowing costs amid concerns over prolonged Iran war

Critical week for global economy as banks expected to issue warnings over conflict driving up prices

UK urged to deploy EU-style ‘trade bazooka’ against Trump’s tariffs

‘Inadequate economic security’ is putting growth and jobs at risk, says British Chambers of Commerce

UK faces higher prices for eight months after war in Iran ends, says minister

Darren Jones suggests cost of energy, food and flights will remain high after de-escalation and Hormuz strait reopens

Britain risks undermining the care workers it depends on

Labour’s immigration plans tear up the promise made to 300,000 people recruited for a sector in crisis

Unlucky chancellor? Iran shock hits Reeves just as UK seemed to turn corner

The economy and public finances were on the right path, bond yields were falling, interest rates likely to drop further … then came the US-Israeli attack

Oil hits highest level since US-Iran ceasefire began, as conflict hurts Gulf crude production – as it happened

Brent crude hits highest level since the US and Iran first agreed a ceasefire in early April

Retail sales rise in Great Britain after Iran war prompted ‘panic at the pumps’

Rise of 0.7% in March was spurred by motorists filling their tanks, and the sun helping clothing and footwear

Iran war hurting UK economy as consumer confidence falls; BP’s new chair suffers investor revolt – as it happened

UK consumer optimism drops for third month running, as people grow more worried about the economy and their personal financial situation

UK braces for price rises driven by Iran war as economic confidence plummets

Consumer confidence hit its lowest level since October 2023 this month, with surveys showing the cost pressures companies are facing

UK undershoots annual borrowing target by £700m

Figure hits three-year low but Iran war expected to blow hole in Reeves’s fiscal ‘headroom’

City firms bank on ‘Savvy Squirrel’ advertising campaign to push Britons towards investing

The campaign is part of government initiative to boost financial risk taking, amid fears UK growth is being stymied