Japan and Switzerland’s economies contract as US tariffs hit exports; Alphabet shares jump after Warren Buffett reveals stake – as it happened

Rolling coverage of the latest economic and financial news

UK watchdogs need to step in on rip-off bills, which are bad for consumers and the economy

From mobiles to insurance and subscriptions, firms are able to exploit the fact they know more than customers

In the local authority where people have the least spare cash there are hopes the chancellor will instil change

Paul Nowak says OBR should be modernised to ditch ‘hardwired’ support for austerity economics

Last year’s employer NICs increase and a weak economy are adding to tricky conditions for young people

Retreat from plans to increase income tax means Labour is unlikely to make system fairer and more coherent

Survey finds 60% of key cities councils are planning to sell assets to meet costs of adult and children’s social care

Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates up

Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bn

Wall Street endured its worst day in a month on Thursday as fears that tech companies are now overvalued loom large

Jitters over the UK’s autumn budget grow as chancellor Rachel Reeves abandons plans to raise income tax on 26 November

John Furner, the retail chain’s boss in the US, will succeed McMillion as global CEO after 31 January

One in every 25 participants at 2025 UN climate summit is a fossil fuel lobbyist, according to Kick Big Polluters Out

New economic data shows fall in UK exports to the US, as Britain’s economy shrinks slightly in September