'Painful' years ahead, think tanks warn, as living standards set to fall

Growth is in sharp contrast to ​households’ assessment, reflected in ‌Trump’s record-low approval ratings The US economy grew faster than expected in the third quarter as resilient consumer spending and AI -driven ⁠business investment more than ⁠offset the impact ​of higher oil prices stemming from the conflict in the Middle East . Gross domestic product (GDP) increased at a 3.4% annualized rate last quarter, the commerce department’s ⁠bureau of economic analysis said in its advance estimate of the third quarter GDP on Thursday. Economists polled by…

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.