Warning from comes after Rachel Reeves’s record tax-raising budget sent tremors through financial markets

Rachel Reeves has been warned an extra £9bn of tax rises may be required to avoid a fresh austerity drive in key public services as her record tax-raising budget sent tremors through the financial markets.

Threatening to undermine the chancellor’s claim that her budget would restore economic stability to Britain, government borrowing costs rose sharply in the City on Thursday as traders turned on Reeves’s tax and spending measures.

People urged to stay at home as more bad weather forecast, with number of dead expected to rise further

The death toll from devastating floods in eastern Spain has risen to 158, regional authorities and emergency services have said, as the country began three days of mourning and the prime minister, Pedro Sánchez, urged people to stay at home.

With forecasts of more bad weather prompting storm alerts farther north, Sánchez urged residents on Thursday to “please, follow the calls of the emergency services … Right now the most important thing is to save as many lives as possible.”

Democratic nominee addresses supporters in Reno and says: ‘We’re here because we’re fighting for a democracy’

• Don’t miss important US election coverage. Get our free app and sign up for election alerts

A lot of money has been spent on this year’s elections.

Only 150 billionaire families have contributed $1.9bn in support of presidential and congressional candidates, according to a new report from Americans for Tax Fairness.

Of this giant figure 72% went to support Republicans compared with the 22% spent on Democrats.

Ronnie Lessa and Élcio de Queiroz sentenced to 78 and 59 years over 2018 murder of prominent Rio city councillor

Two former police officers who confessed to the murder of Rio city councillor Marielle Franco have been sentenced to decades in prison for their part in a crime that shook Brazil and cast a harsh spotlight on the links between politics and organised crime.

Ronnie Lessa admitted to firing 14 shots in the 2018 drive-by shooting that killed Franco and her driver Anderson Gomes, 39, and was sentenced to 78 years and nine months. Élcio de Queiroz, who confessed to driving the getaway car, was sentenced to 59 years and eight months.

Stepmother’s WhatsApp messages read out at Old Bailey in trial over death of 10-year-old in Surrey last year

The father of Sara Sharif forced his daughter to do sit-ups all night because she hid his keys, a court has heard.

Urfan Sharif was also said to have made the schoolgirl put her hands in the air after beating her so badly her stepmother, Beinash Batool, feared he would break her arms and legs.

David Goldstone to advise chancellor and chief secretary to the Treasury on ways to cut public spending

David Goldstone, the government’s new value for money chair, will receive a daily salary rate of £950, it has been reported.

The position was announced by the chancellor, Rachel Reeves, as part of Wednesday’s budget statement. She said Goldstone, who will be in post for a year, would “help us realise the benefits from every pound of public spending”.

IDF airstrikes kill 45 people while seven die, including four Thai workers, in rocket attack on northern Israel

Senior US officials have held talks in Israel aimed at brokering a ceasefire with Hezbollah in Lebanon, on a day when more civilians in both countries were killed in the year-long war.

Lebanon’s caretaker prime minister, Najib Mikati, who had expressed optimism of a speedy settlement “in hours or days” earlier on Thursday, said that Israel’s “ongoing escalation” in his country “does not inspire optimism”.

Ukrainian president warns that if west fails to respond adequately more North Korean troops will be sent to its border. What we know on day 982

• See all our coverage of the Russia-Ukraine war

Independent Schools Council says its focus is on children and it is concerned about impact on specialist schools

The Independent Schools Council (ISC) has said it will launch legal action against the government’s decision to impose VAT on independent school fees.

The council, which represents more than 1,400 private schools in the UK and abroad, reached its decision after a board meeting held on Thursday.

Wild squirrel that was taken in by Mark Longo seven years ago was confiscated after conservation officials received reports of ‘potentially unsafe housing of wildlife’

A New York man who turned a rescued squirrel into a social media star called Peanut is pleading with state authorities to return his beloved pet after they seized it during a raid that also yielded a raccoon named Fred.

Multiple anonymous complaints about Peanut – also spelled P’Nut or PNUT – brought at least six officers from the state Department of Environmental Conservation (DEC) to Mark Longo’s home on Wednesday, Longo said.