‘I think the city is falling apart’: Leicester braces for a make-or-break budget In the local authority where people have the least spare cash there are hopes the chancellor will instil change
UK budget watchdog in danger of strangling economic growth, says TUC boss Paul Nowak says OBR should be modernised to ditch ‘hardwired’ support for austerity economics
AI, Covid and taxes: what is behind steep rise in youth unemployment? Last year’s employer NICs increase and a weak economy are adding to tricky conditions for young people
Have Reeves and Starmer missed the chance to ditch stealth taxes? Retreat from plans to increase income tax means Labour is unlikely to make system fairer and more coherent
English councils plan to sell off social clubs and sports centres to balance books Survey finds 60% of key cities councils are planning to sell assets to meet costs of adult and children’s social care
Rachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates up
Reeves’s plan to ditch income tax rise prompts government bond sell-off Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July
Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bn
US markets struggle amid tech sell-off and economic uncertainty Wall Street endured its worst day in a month on Thursday as fears that tech companies are now overvalued loom large
Pound falls and UK borrowing costs rise as Reeves ditches plans for income tax hike – as it happened Jitters over the UK’s autumn budget grow as chancellor Rachel Reeves abandons plans to raise income tax on 26 November
Walmart CEO Doug McMillon to step down after more than a decade in role John Furner, the retail chain’s boss in the US, will succeed McMillion as global CEO after 31 January
Fossil fuel lobbyists outnumber all Cop30 delegations except Brazil, report says One in every 25 participants at 2025 UN climate summit is a fossil fuel lobbyist, according to Kick Big Polluters Out
UK exports to US hit lowest level since January 2022 as tariffs bite, and economy shrinks – as it happened New economic data shows fall in UK exports to the US, as Britain’s economy shrinks slightly in September
Scotland plans to issue £1.5bn of its own bonds – ‘kilts’ rather than gilts Announcement by first minister John Swinney comes after Moody’s and S&P give country same credit rating as UK
Amid disappointing UK growth, how can Rachel Reeves escape the doom loop? Stronger public finances require stronger economy, but large tax rises and spending cuts could squeeze activity further