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”

Microsoft faces growing unrest over role in Israel’s war on Gaza: ‘Close to a tipping point’

Turmoil spreads at company over Israel’s extensive use of its AI and cloud computing services in Gaza warFor the second time in the last month, Microsoft employees disrupted high-level executives speaking at an event celebrating the company’s 50th anniversary on 4 April, in protest against the company’s role in Israel’s ongoing siege on Gaza.The AI executive Mustafa Suleyman was interrupted by the employees Ibtihal Aboussad and Vaniya Agrawal. The two were fired within days. The Microsoft president, Brad Smith, and the former CEO Steve Ballmer were shouted down at Seattle’s Great Hall on 20 March by a current and former employee.The March event was preceded by a rally outside that also included current and former employees of the tech giant

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

World Snooker Championship: wide-open tournament may herald new era

A record 10 Chinese players are in the main draw at the Crucible, where picking a winner is tougher than everIt has been fairly common in recent years to discuss the winds of change blowing through the World Snooker Championship. But this year, with talk of the Crucible’s future being quieter than usual, it is on the baize where a significant shift might be poised to take place.The usual suspects – for the most part – are still assembling in ­Sheffield for snooker’s most prestigious event. Some of them in quite imperious form, too. But whereas a case can often be made for no more than three or four players to take home the £500,000 top prize and world champion crown, this year there is a much more open field

Premiership’s disjointed sprint finish begins with playoff battle bonanza

The Premiership season is rounding the final bend and entering the home straight. Organisers like to call this point in the campaign “The Run-in” and they could hardly have wished for a better set of fixtures this weekend to begin it with. Sixth host fourth when Saracens entertain Gloucester, fifth go to seventh with Sale travelling to Harlequins and on Sunday, second and third lock horns with Bristol facing Leicester.As was the case last season, the race for the playoffs is shaping up to be a blanket finish. Bath are out in front in first but with five matches remaining, only four points separate Leicester in third and Harlequins in seventh