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The K-shaped Christmas: wealthy few drive holiday spending splurge while many struggle to get by

A soaring stock market rewards the already well-off but Trump’s handling of the economy has caused his approval ratings to plunge

Friday briefing: After ​constant leak​s and ​a resignation​, is the OBR ​still ​fit for ​purpose?

In today’s newsletter: ​Critics say the OBR’s growing influence has outpaced its accountability​, raising questions about whether it serves the public, the Treasury, or the markets

EU looks at legally forcing industries to reduce purchases from China

Commission unveils €3bn strategy to de-risk and diversify supply chains for critical rare earth metals and elements

Can you be on a six-figure income and still be considered poor?

A viral essay has caused outrage in the US with its argument that the poverty line for a family of four is now $136,500. But is this so wrong, asks Arwa Mahdawi

OBR chief’s exit may ease pressure on Rachel Reeves but the battle isn’t over

With the row deepening over budget leaks, who is most likely to replace Richard Hughes in the increasingly thankless role of chair?

Bank of England defends OBR’s independence against political attacks; UK banks pass stress tests – as it happened

BoE governor Andrew Bailey says it’s important to remember why Office for Budget Responsibility was created, amid row over budget leaks

OBR complained to Treasury before budget about leaks spreading ‘misconceptions’

Official tells MPs there was lots of information appearing in the press that ‘wasn’t particularly helpful’

Use shop loyalty cards, invest, switch savings accounts: six ways to tackle inflation

Prices are rising on everything from energy to food – but there are ways to cushion the impact

OECD warns Reeves higher taxes and spending restraint will limit consumer expenditure

UK economy will grow faster than France, Germany and Italy but slower than US next year, report predicts

The most misleading thing about Rachel Reeves’s budget? Who it was really for

Labour backbenchers have been cheering it as a win for the most vulnerable in society. In fact it was aimed at the bond markets, says Guardian columnist Aditya Chakrabortty

OBR chair quits after inquiry into early release of budget document

Richard Hughes takes ‘full responsibility’ for watchdog error as Starmer attempts to secure chancellor’s position

The Guardian view on OBR v the Treasury: ministers have embraced the theatre of errors

Editorial: The government is trapped between Labour’s instincts and bond traders’ demands. Sensible fixes exist, but require imagination ministers have yet shown

How the standoff between Rachel Reeves and the OBR unfolded

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

UK politics: OBR chief resigns, saying budget leak was ‘technical but serious’ error – as it happened

Richard Hughes says he is stepping down in order to restore confidence in organisation

UK factory sector grows for first time in a year despite budget uncertainty; Airbus shares slide amid A320 problems – as it happened

Rolling coverage of the latest economic and financial news

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  • Bedtime blues: London ‘killing off nightlife’ as UK city with strictest licensing rules
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  • Boats, bankers and borders: five symbols that sum up Brexit a decade on
  • City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened
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  • Datacenters driving US clean energy growth while still threatening climate
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  • KPMG leaked confidential Optus information and surveilled whistleblower’s laptop, inquiry hears
  • On the trail of the dotcom queen: how Julie Meyer left a pattern of unpaid bills, missing funds and broken dreams in her wake
  • UK borrows more than expected as impact of Iran war takes toll
  • MPs urge Fujitsu to make ‘immediate’ payment to Post Office Horizon victims
  • Burnham brings in top economists before possible leadership run
  • Another FTSE 100 firm falls to private equity. Where are the new listings?
  • Bank of England governor warns UK public to expect higher costs this year
  • City & Guilds scraps mass redundancies and offshoring UK jobs to Greece
  • Fed governor Lisa Cook faced $1.3m in legal and security fees after Trump’s bid to fire her
  • Not so empty nesters: record-high number of US adults under 35 live at home, new data says
  • Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened
  • Australian net overseas migration falls to lowest level since 2022 – but the Coalition says that’s still too high

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