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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…
Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%The threat of higher taxes in next month’s budget and concerns about slowing economic growth pushed the pound to its lowest level against …
Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffsThe US Federal Reserve cut interest rates on Wednesday, the second rate cut this year amid economic turbulence from the federal government…