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Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatilityBusiness live – latest updatesThe UK’s public finances are in a “relatively vulnerable position”, with pensions costs, climate change and volatile …
There are just two days of talks left before the US president’s potentially swingeing tariffs are restoredThe EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tar…
US is on the brink of launching a trade assault on dozens of countries as 90-day pause on tariffs is set to end on 9 JulyWhen Donald Trump unveiled his “liberation day” tariffs in the spring, only to pull the plug days later as panic tore through globa…
Charlie Bean says slim margin of £10bn means chancellor ‘has to neurotically fine-tune taxes to control OBR forecast’Business live – latest updatesThe former Bank of England deputy governor Charlie Bean has urged Rachel Reeves to create much wider head…
Economists anticipated drop, but 8,000 new positions were added in June compared with May, with unemployment rate down to 4.1%The US economy added 147,000 jobs in June, a sign of continuing strength in the labor market amid Donald Trump’s trade war.The…
President embraces Robin-Hood-in-reverse policies to benefit wealthiest and hurt those earning under $50,000Last November, Donald Trump made a solemn vow to all Americans: “Every citizen, I will fight for you, your family and your future every single d…
All 17 businesses in six-month pilot to continue with either four-day week or nine-day fortnightNearly 1,000 British workers will keep a shorter working week after the latest trial of a four-day week and similar changes to traditional working patterns….
Welfare bill climbdown fuels biggest one-day hike in government borrowing costs since Liz Truss mini-budget debacleUK government borrowing costs have risen sharply amid speculation over Rachel Reeves’s position as chancellor, as City investors warned L…
With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gapWelfare bill climbdown will have ‘a cost’ at budget, says senior ministerReeves will stay as chancellor, says No 10 after her tears in CommonsKeir Starm…
Stefan Scherer, boss of AMG Lithium, says Europe must become more self-sufficient in critical raw materials and new technologiesThe EU may as well “apply to be a province of China” such is its inability to wean itself off that country’s supply of criti…