Rachel Reeves urged to break manifesto pledges to avoid ‘pasty tax’ budget

Labour colleagues advise chancellor against string of small money-raising measures, as OBR presents forecast

US ‘flying blind’ at critical moment for economy, experts warn, with no jobs data amid shutdown

Data was collected for closely-watched jobs report before shutdown, but Trump officials so far defy calls to publish it

Rolling coverage of the latest economic and financial news

History suggests that bullying the Fed for political gain can have serious consequences for the rest of us

My generation is struggling for stability in a system that no longer feels fit for purpose. It’s time to take that seriously

Chancellor has ways to cover UK deficit without breaching spirit of Labour manifesto, Morgan Stanley claims

Theresa May, Alok Sharma, business and church leaders say plan would harm UK and not even Margaret Thatcher would have countenanced it

Employees wonder if the shutdown will leave them out of work temporarily or set stage for permanent termination

Donald Trump wanted EJ Antoni to head agency, but critics said he was too partisan and ‘exceedingly unqualified’

Report says changes to occupational mix since release of ChatGPT in 2022 ‘sluggish’ compared with 1940s and 50s

Losses narrow to nearly £16m for 48 weeks to 4 January 2025 but group has not made pre-tax profit since 2019

Survey of bosses shows energy prices also a concern, as Bank policymakers warn inflation may take longer to drop

Insolvency firm running Lindsey oil refinery announces job losses after collapse of parent company Prax Group

Looming funding cuts to the US food assistance program come as food prices continue to rise under Trump’s administration

Researchers say findings show inequality creates toxic environment and reducing it is ‘a public health imperative’