UK politics: Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – as it happened Institute for Fiscal Studies says Treasury figures for projected efficiency savings are not credible
UK economy shrinks by 0.3% as firms hit by tax rises and Trump trade war Worse than forecast April GDP data shows challenge facing Rachel Reeves to kickstart growth to fund spending review
UK politics: Police chiefs say funding ‘falls far short’ of what is needed to meet government’s ambitions – as it happened NPCC’s Gavin Stephens says settlement in spending review will cover little more than inflationary pay rises
Spending review 2025: who are the winners and losers? Rachel Reeves has announced big boosts to capital spending, but is squeezing the budgets of most government departments. How happy will ministers be?
Trump says China will face 55% tariffs under trade deal; US inflation rises to 2.4% – as it happened Rolling coverage of the latest economic and financial news
Trump says China will face 55% tariffs as he endorses trade deal Agreement struck in London will increase supply of rare earth minerals and magnets for US car industry
Has Rachel Reeves made the right choices? Our panel responds to the spending review The chancellor announced spending on health, housing, defence, and infrastructure. But will it be felt by ordinary voters? Polly Toynbee, Kirsty Major, Sahil Dutta, Dhananjayan Sriskandarajah, Jonny Roberts and Hannah White respond
US prices continued to rise in May amid Trump tariffs Annualized inflation hit 2.4% in May, up from 2.3% in April, as Trump pushes ahead with controversial trade plans
Spending review 2025: key points at a glance Rachel Reeves has delivered her spending update – here are the main points
Labour’s spending review: five charts underpinning Rachel Reeves’s decisions What the chancellor has considered when setting out investment to improve services and security through to the next election
Britons ‘hoarding cash amid economic uncertainty and fear of outages’ Households seeking safety net in time of global volatility, according to Bank of England’s chief cashier
FTSE 100 falls short of record closing high; US-China trade talks ‘going well’ as meeting resumes – as it happened Rolling coverage of the latest economic and financial news, including latest UK labour market report
2020s on course to be weakest decade for global economy since 1960s, says World Bank Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs
Reeves will hope weaker wage growth enables more interest rate cuts Bank of England governor has said he sees pay as crucial in determining pace of rate reductions
US hoping for ‘handshake’ from China at London trade talks; takeover flurry in the City – as it happened US hoping to get handshake from China over access to rare earths, at meeting in London today