Why has a US court blocked Donald Trump’s tariffs – and can he get round it?

Challenge to president’s policies raises questions about his trade and economic plans

Starmer to say Reform’s spending plans would cause a Truss-style meltdown

Nigel Farage is ‘using your family finances as a gambling chip on his mad experiment’, prime minister will say

Wall Street up in early trading after US president commends bloc for calling to ‘quickly establish meeting dates’

Rolling coverage of the latest economic and financial news, as IMF releases latest healthcheck on UK economy

The organisation, which has been assessing the UK economy, upgrades its growth forecast this year to 1.2%

Vulnerable countries to pay record $22bn this year, mostly relating to loans issued under Xi Jinping’s belt and road initiative

Annual rate of food price increases hits 2.8% driven by rising cost of fresh produce but price inflation for all goods is falling

European leaders call for ‘lowest possible’ border taxes after levies postponed from 1 June to 9 July

Editorial: The Republican budget proposal is a gift to plutocrats. Democrats should clearly make the case for deficits to work for the people

Threat of 50% tariffs postponed until 9 July so both sides can ‘reach a good deal’ after pressure from European leaders

There is growing unease over the government’s direction – a way to restore confidence would be to scrap the ‘cruel’ two-child limit

Amid apparent rising pay, economists are concerned about the consequences of a possible shift in the balance of power

US president’s One Big Beautiful Bill Act has rattled the bond market and will inevitably have global consequences

Bill will make permanent huge tax cuts to the wealthy and cost the government $4.6tn over the next 10 years

After $14.9bn merger was blocked by Biden, Trump announced on social media Friday that the two companies will form a ‘partnership’