Labour cosies up to US tech firms with little thought of downsides

Economic benefits of generative AI, which may take time to show, put ahead of impact of datacentres on energy and water

Boomers think their wealth came from wise choices – this myth needs busting

If Reeves swipes some of the huge gains amassed from property and pensions, the lucky generation cannot argue – but will

Rolling coverage of the latest economic and financial news, as August borrowing hits highest level since 2020

Food inflation pushes consumers to the limits of what they are willing to spend, costing retailers sales

The LFW organiser’s new boss, Laura Weir, wants to embed fashion into government thinking and lure back famous brands

Worsening public finances mean Rachel Reeves will almost certainly announce tax rises in November budget

The Bank of England’s disposal of the bonds it bought after the 2008 financial crisis is being slowed down

Hearing on 5 November sets up major test of the president’s use of executive power to drive his economic agenda

BoE votes to cut its stock of government bonds at a slower pace over the next year

Retailer says economic outlook clouded by fall in job opportunities and government overspending

Decision on government debt holdings could reduce market jitters and Treasury’s borrowing costs

Pensions triple lock should also go, says Ruth Curtice, a former civil servant who says it’s ‘nice to be allowed to say what you think’

Prime minister seeks to make best of difficult state visit by US president with package of commitments by US firms

Rates now stand at a range of 4% to 4.25% as reduction comes amid concern of political pressure on independent central bank from Trump

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald Trump