Evoke considers sale or break-up after budget tax hikes; SpaceX aims for $1.7tn valuation – as it happened

Rolling coverage of the latest economic and financial news…

Reeves criticises budget leaks and says income tax decision taken ‘in partnership’ with PM

Chancellor defends budget but tells MPs there were ‘too many leaks’ and that and much of them were inaccurate

Data from World Inequality Report also showed top 10% of income-earners earn more than the other 90%

UK gilt yields may have dropped a bit relative to other major countries, but it’s not at all clear that the fall with continue

In a boost for Rachel Reeves, deputy governor says analysis shows chancellor’s policies will lower annual rate next year

Rolling coverage of the latest economic and financial news, as Bank of England policymakers testify to MPs on the Treasury committee

‘Age of diagnosis’ of ‘low-level mental health issues’ such as ADHD making system too costly, Conservative leader says

Booming Chinese exports have driven trade surplus past $1tn but also reveal the extent of country’s reliance on foreign markets

Bank reports 1.1% drop in card spending despite Black Friday boost for retailers

Paramount says its hostile offer “provides superior value, and a more certain and quicker path to completion to WBD shareholders”

Bank under budget pressure as it responds to former Fed chair’s report into slow response to surging inflation

Markets expect final rate cut amid pressure from Trump as Jay Powell urges central bank to proceed with caution

Other lives: Leader of water supply and sanitation projects for the World Bank

Mark Carney is considering lifting a tanker ban that has protected coastal communities for 53 years

High street banks dodged a windfall tax – now they should invest in growth of local lenders