Economy
The global economy: growth, inflation, jobs, trade, debt and the macro forces shaping every market on the planet.
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Retail sales in Great Britain fall despite heatwave increasing food and drink demand
Volume of goods sold in stores and online dropped 0.5% in July, ONS says Business live – latest updates Retail sales across Great …
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UK inflation rises to 2.9% as Iran war fuels living costs squeeze
Higher energy costs push up CPI but jobs slowdown could deter Bank of England from raising interest rates UK inflation rose to 2.9…
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‘Picky bits’ on the menu as British shoppers snap up picnic food in heatwave
Consumers also turn to supermarket deals to save money, helping slow grocery price inflation Business live – latest updates Shoppi…
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Top economists urge Burnham to sign UK up to UN initiative on global inequality
Open letter signed by 40 academics including Nobel winner Joseph Stiglitz and Kate Pickett, co-author of The Spirit Level Forty pr…
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New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout Br…
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UK economy shows surprising resilience – but that might not last | Richard Partington
Weaker growth, rising energy costs and persistent inflation mean Britain could face tougher times in the autumn UK economic growth…
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Bank of England holds interest rates at 3.75% as inflation fears mount
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrel Business live – latest updates The Bank of …
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Middle East oil shock risks BoE rate hikes despite weak UK demand
A surge in Brent crude above $100 a barrel following renewed conflict between the US and Iran is forcing the Bank of England to re…
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UK consumer confidence jumps, but K-shaped spending persists
A sharp rise in UK consumer confidence following the new prime minister's policy announcements masks a widening wealth divide that…
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Dimon threatens £3bn London HQ over UK bank tax hikes
JP Morgan's chief executive has warned that raising taxes on banks could jeopardise the firm's planned £3bn London headquarters, h…
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UK June borrowing undershoots forecast as Burnham unveils VAT cut
Lower-than-expected UK public borrowing in June provides limited relief for the new Burnham government as it balances market jitte…
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Restoring Britain’s health to 2014 levels could add 2% to GDP, thinktank says
Health Foundation paper argues health is an economic asset and improving it could generate £72bn for public finances Restoring the…
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Burnham inherits tight UK finances despite costly growth agenda
Andy Burnham has become UK prime minister with an ambitious spending programme, but strict fiscal rules and a £100bn annual debt b…
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Pound gains as Mahmood edges ahead for UK chancellor
Shabana Mahmood's likely appointment as UK chancellor has reassured bond markets and manufacturers wary of Ed Miliband's net zero …
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Making Mahmood chancellor shows Burnham ‘subservient to City’, Greens’ Polanski says – UK politics live
Green leader claims expected appointment shows new PM ‘won’t challenge the power of the bankers, or tax their wealth’ Zack Polansk…
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Will the Bank of England Ever Give Venezuela Its Gold Back?
It's already been more than seven years since the UK confiscated Venezuela's gold reserves, which have since more than doubled in …
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North Sea oil lobby urges Burnham to clear Jackdaw gas project
Offshore Energies UK and trade unions are lobbying the incoming prime minister to approve key drilling projects as Britain grapple…
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Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul
Economists including Jim O’Neill write open letter calling for single levy to replace six key taxes to raise money for public serv…
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Invest in Britain or I’ll force you to, minister tells pension funds
Business secretary Peter Kyle says asset managers should feel a patriotic duty to make the UK a success The business secretary, Pe…
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Almost no progress made on UK regional household income divide in 30 years, report finds
Despite promises of successive governments, gap between richest and poorest areas consistent since 1997 Britain’s deep regional in…
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Make Ed Miliband chancellor, ex-chief Treasury adviser tells Andy Burnham
Nicholas Stern joins growing number backing Miliband, saying he has vision and experience to revive economy A former chief economi…
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UK service sector shrinks amid Iran war disruption and heatwave; FTSE 100 hits four-month closing high – business live
Rolling coverage of the latest economic and financial news Today’s UK Service PMI report (which polls purchasing managers from acr…
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Burnham inherits tight UK finances despite easing war shock
Andy Burnham takes the premiership with less fiscal headroom than planned, though a milder-than-expected economic hit from the Ira…