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Close-run vote raises hopes of rates cut in December, with inflation now having peaked at 3.8%Business live – latest updatesThere were reasons to be cheerful contained within the Bank of England’s latest verdict on the outlook for the UK economy, relea…
Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growthAnalysis: Bank of England’s decision to keep interest rates at 4% is not all doom and gloomThe Bank of England has opened the door to a December i…
Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffsReeves avoids ruling out tax rises as autumn budget loomsBusiness live – latest updatesThere were two audiences for Rachel Reeves’s hastily arrange…
This blog is now closed, you can read more on this story hereReeves says welfare needs to be reformed.There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education, or employment. I put our pu…
Nigel Farage promised to set out his fiscal stall in a major speech in the City of London, but what did he actually say? Pippa Crerar and Kiran Stacey discuss Farage’s retreat from its election promise to cut £90bn of taxes, his failure to commit to th…
S&P Global purchasing managers’ index rises to one-year high amid pick-up in consumer spendingBusiness live – latest updatesUK factories staged a recovery in October after the reopening of Jaguar Land Rover operations and a pick-up in consumer spen…
Oxfam warns Trump policies risk driving inequality to new heights – but Democrats have also exacerbated wealth gapThe collective wealth of the top 10 US billionaires has soared by $698bn in the past year, according to a new report from Oxfam America pu…
The US high court will hear arguments on whether Trump’s erratic imposition of global tariffs is legally validDonald Trump thrives on emergencies. He cried havoc on the very first day of his second term, declaring a national emergency caused by an “inv…
Mark Carney warns Asia-Pacific leaders global economy undergoing profound change, as China’s president mounts defence of free tradeThe Canadian prime minister, Mark Carney, has warned that the era of free trade and investment that formed the foundation…
Key deposit rate kept at 2% even as recovery starts to drive up price growth across blocBusiness live – latest updatesThe European Central Bank kept interest rates on hold on Thursday for the third meeting in a row despite concerns that a modest econom…