Rachel Reeves needs wider headroom against fiscal rules, ex-Bank of England deputy says

Charlie Bean says slim margin of £10bn means chancellor ‘has to neurotically fine-tune taxes to control OBR forecast’

‘An unjust transition’? Teesside locals divided over net zero after deindustrialisation

In the third in a series, the Guardian hears how Reform UK is targeting voters over green policies – which business says are bringing new jobs to the area

US adds 147,000 jobs in June, surpassing expectations amid Trump trade war

Economists anticipated drop, but 8,000 new positions were added in June compared with May, with unemployment rate down to 4.1%

Pound and UK bonds recovering after Starmer backs Reeves; US economy adds 147,000 jobs in June – business live

Rolling coverage of the latest economic and financial news, as economists predict that Wednesday’s sell-off has strengthened Reeves’s position

UK government bond markets rally after Starmer backs Reeves

Bond yields fall, reversing a sharp rise on Wednesday sparked by speculation over the future of the chancellor

‘It’s harsh. It’s mean, brutal’: Trump bill to cause most harm to America’s poorest

President embraces Robin-Hood-in-reverse policies to benefit wealthiest and hurt those earning under $50,000

Nearly 1,000 Britons will keep shorter working week after trial

All 17 businesses in six-month pilot to continue with either four-day week or nine-day fortnight

UK bond yields rise sharply amid speculation over future of Rachel Reeves

Cost of government borrowing leaps as investors take fright from PMQs, before falling back as No 10 says chancellor staying in post

Where does the welfare bill climbdown leave UK public finances?

With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gap

EU may as well be ‘province of China’ due to reliance on imports, says industrialist

Stefan Scherer, boss of AMG Lithium, says Europe must become more self-sufficient in critical raw materials and new technologies

UK’s obesity and overweight epidemic costs £126bn a year, study suggests

Exclusive: Experts say higher figure than past estimates should be wake-up call for ministers to tackle obesity

He was the EU’s great Brexit survivor. Can Maroš Šefčovič now pull off a trade deal with Trump?

EU’s longest-serving commissioner faces arguably his sternest test with the clock ticking before 9 July deadline

Fed chair Jerome Powell blames Trump tariffs for failure to cut US interest rates this year – as it happened

Rolling coverage of the latest economic and financial news

Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reduced

Food prices pushed up by hot weather hitting harvest yields, say UK retailers

Rising fruit and vegetable prices contribute to jump in annual food price inflation in June to 3.7%