Writing the summary…
UK government borrowing jumps over forecast to £18.3bn in August, in ‘dismal picture’ ahead of the budget – business live

Original reporting
The Guardian: read the full reportRelated stories
Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning
Oil rose Tuesday, amid concerns of growing Iran-U.S. tensions. after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday.
U.S. threatens to 'shut down' Iranian airlines as Houthis tighten pressure on oil route
The Treasury Secretary said that Washington was pressuring Iran "like never before"

Borrowing surge puts pressure on chancellor ahead of Budget
Borrowing was higher than expected in August as inflation piles pressure on the government ahead of the Budget.

Vet prescription fees capped under rule changes
Vets must also tell clients if cheaper medicine is available online as part of the rule updates which surgeries have the coming months to bring in.
India's large caps stuck in 'bygone economic era', says Bernstein, as foreign investors head for the exit
Global brokerage Bernstein said foreign investors had little reason to invest in India as large businesses were struggling to reinvent themselves.
Alibaba shares jump as new AI chip, data center buildout plans unveiled
Alibaba shares jumped 3% in Hong Kong on Tuesday as the tech giant unveiled a new AI chip and plans to sharply expand its global data center capacity