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Policymakers cut base rate by quarter-point to 4% amid concern about strength of UK economyBase rate gift signals wage rise conflict is on the wayWhat does rate cut mean for mortgages and savings?Business live – latest updatesThe Bank of England has wa…
Collapse in housebuilding underscores challenge for government in meeting its target of building 1.5m new homesBusiness live – latest updatesUK construction activity fell last month at the sharpest rate since the height of the Covid pandemic amid a col…
City predicts quarter-point drop to 4% when MPC meets on ThursdayBank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to global trade from Donald …
Charlie Nunn says higher taxation would be inconsistent with chancellor’s drive for growthBusiness live – updatesThe boss of Britain’s largest mortgage lender has warned Rachel Reeves that increasing taxes on banks in her autumn budget would damage Lab…
Chancellor under pressure to recruit new experts as John Van Reenen and Anna Valero return to academia Business live – latest updatesIn the run-up to her crunch autumn budget, Rachel Reeves will seek to recruit a heavyweight economic adviser after the…
Despite the latest poor data, wage growth remains resilient and there are ‘signs of confidence returning’UK unemployment rises as jobs market ‘weakens’Business live – latest updatesAnaemic economic growth, rising inflation, and a worsening outlook in t…
ONS data shows jobless rate climbing to highest rate since June 2021 with growth in average earnings slowing to 5%.Analysis: the UK jobs market is cooling, not collapsingBusiness live – updatesUnemployment climbed and wage growth slowed in the three mo…
Annual increase in June follows warnings about increase in employment taxes leading to job cuts and higher pricesAnalysis: UK inflation rise makes it clear: the cost of living crisis has not gone awayBusiness live – latest updatesUK inflation unexpecte…
At the Mansion House dinner she will call for regulators to allow more risk to clear the way for economic growthRachel Reeves will say that rules and red tape are acting as a “boot on the neck” of businesses and risk “choking off” innovation across the…
Labour is being pulled one way by a desire to cut debt and the other by slumping poll ratings. With growth nowhere to be seen, tax rises loomDuring the first televised debate in the run-up to last summer’s general election, Keir Starmer used a phrase t…