US economy grows faster than expected in report out just ahead of elections

People are facing a "painful" and "depressing" few years ahead, economic think tanks have warned, after forecasts showed growth in living standards grinding almost to a halt. Typical working-age households would see their disposable income fall by £1,050, or 3%, between now and 2029, according to the Resolution Foundation, while the Institute for Fiscal Studies (IFS) said the current decade would be the worst for household income growth on record. Chancellor John Healey said his Budget offered "breathing space", but said the government could "never remove completely" cost of living pressures.

The future of Poundland hangs in the balance as the discount chain edges towards collapse, the BBC understands. The retailer's bosses filed a notice of intention to appoint administrators, which if approved by the High Court, will give the business 10 days breathing space to find a rescue deal. The move comes after Poundland's managing director Barry Williams wrote a memo to his 12,000 staff across its 600 stores in the UK and Ireland saying the chains' US owner had limited Poundland's access to funding.

People on a range of incomes from £4,062 to £150,000 a year tell the BBC what they made of this year's Budget.

Eli Lilly reported that sales of obesity drug Zepbound and diabetes treatment Mounjaro surged again in the third quarter.