Business news live: FTSE 100 latest updates with Bank of England warning of jobs market slowdown

Frozen tax thresholds have seen another half a million taxpayers dragged into the 40% bracket, data has shown.

The income tax total take has increased by more than £20bn in the past year.

AJ Bell say 1.23m people are now paying income tax on incomes above the additional 45% rate threshold – a 115% increase in the past three years alone.

Here are the main stories from yesterday before we look at the overnight markets and more:

Good morning and welcome to our daily rolling coverage of business and stock market news.

Ahead of the weekend we’ll be looking at further tariff-related news as the 90-day pause approaches its end, how the global stock markets fare and whether there’s further movement in oil prices.