As Labour frustration grows, could OBR forecasts be cut to once a year?

When Labour was riding high in opposition, the Office for Budget Responsibility was a near sacrosanct institution. Its manifesto pledged Labour would “never sideline the OBR for political convenience”.But emerging from a punishing spring statement, inside No 10 the former devotees have turned sceptics. The fiscal rules remain untouchable – despite Labour MPs’ grumbles – but there is intense frustration at the institution that marks the government’s homework.That unhappiness is likely to deepen in June when MPs vote on a £4

ECB cuts rates for third time this year as Europe braces for Trump tariffs

The cost of borrowing has fallen across the 20-member euro area for the third time this year after the European Central Bank cut its main interest rate to 2.25% in response to slowing growth and Donald Trump’s tariffs.The Frankfurt-based bank cut its benchmark deposit rate by a quarter of a percentage point on Thursday, in line with economist expectations, to tackle a slowdown in the bloc and the impact from the border taxes imposed earlier this month on all EU imports into the US.The ECB president, Christine Lagarde, said US tariffs on EU goods, which had increased from an average of 3% to 13%, were already harming the outlook for the European economy.“The major escalation in global trade tensions and the associated uncertainty will likely lower euro area growth by dampening exports,” she said, adding that they may “drag down investment and consumption”

Opt out: how to protect your data and privacy if you own a Tesla

Welcome to Opt Out, a semi-regular column in which we help you navigate your online privacy and show you how to say no to surveillance. The last column covered how to protect your phone and data privacy at the US border. If you’d like to skip to a section about a particular tip, click the “Jump to” menu at the top of this article.At the press of a button, your Tesla pulls itself out of parking spot with no one behind the wheel using a feature called Summon. It drives itself on highways using Autopilot

Apple iPad Air M3 review: the premium tablet to beat

Apple’s iPad Air continues to be the premium tablet to beat, with the latest version featuring a chip upgrade to keep it ahead of the pack.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.The new iPad Air M3 costs from £599 (€699/$599/A$999) – the same as its predecessor – and comes in two sizes with either an 11in or 13in screen

Chess: Carlsen scores in Paris, leads Freestyle Grand Slam after two events

Magnus Carlsen, the world No 1, scored a low-key triumph on Monday when he won the Paris leg of the $3.75m Freestyle Grand Slam by defeating his old rival and world No 2, USA’s Hikaru Nakamura, by 1.5-0.5 in the final. It was patient attrition over the two games, worthy of a place in the Carlsen-David Howell book Grind like a Grandmaster

US Olympic committee sidesteps transgender athlete policy amid LA28 buildup

The United States Olympic and Paralympic Committee (USOPC) has said it will not set any policy on transgender athlete eligibility ahead of the 2028 Los Angeles Games, despite growing political pressure from the Trump administration and increasing scrutiny over access and inclusion in women’s sport.Speaking Thursday after the committee’s first board meeting of 2025, chief executive Sarah Hirshland said the USOPC had no plans to define eligibility criteria, even as US president Donald Trump’s Executive Order 14201 – titled Keeping Men Out of Women’s Sports – threatens to upend international participation protocols.“It wouldn’t be appropriate,” Hirshland said. “It’s not our role to take on that position.”Responsibility for athlete eligibility, she said, falls to international federations in global events and national governing bodies (NGBs) in domestic competitions