Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence
Millions of Australians will get a $1,000 instant tax deduction under a new law – here’s how it will work Draft legislation for treasurer Jim Chalmers’ new instant tax deduction policy lands just over a year after Labor proposed the change in the run-up to the 2025 election
Ed Miliband to double down on net zero with measures to combat Iran energy shock As fossil fuel prices soar ‘the era of clean energy security must come of age’, energy secretary will say
ABF poised to reveal result of Primark and food business demerger plan Retail analysts say breaking up food and fashion group would make sense in challenging business environment
Bank bosses called to meeting with Reeves over impact of Iran war on UK economy HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict
Falling fertility, debt and AI: is the US headed toward a population crisis? Americans having fewer kids plus an ageing population could be a recipe for disaster that further erodes social stability
Labour’s ‘crabwise’ approach to closer EU ties must address damage of Brexit The damage to the economy dwarfs the upsides from the various non-EU trade deals the UK has struck since 2016
‘I don’t want to waste the gas’: Uber and Lyft drivers reeling as fuel prices soar Drivers face dilemma of driving more or cutting back – and support from ride-share giants decried as ‘slap in the face’
Reeves rightly fears the bond market, but she can afford to ditch one unhelpful rule The chancellor has wisely vowed to drive down the annual deficit, but long-term defence investment must not be delayed
Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on? Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers
‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington Rachel Reeves joins global finance chiefs in highlighting how households and businesses are feeling the pain of higher energy prices
Oil tumbles 10% and stock markets rally as Iran declares strait of Hormuz ‘completely open’ – as it happened Rolling coverage of the latest economic and financial news, as Brent crude tumbles below $90 a barrel
Cuts to overseas aid will worsen shocks to global economy, David Miliband says Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war
Ukraine war briefing: €90bn EU loan for Ukraine to be released in second quarter EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,514
Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh