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Labour embraced the forecaster’s powerful role, but now finds itself scrambling in the face of gloomy projectionsReeves looks for more headroom in budget to insulate against bond marketFor a crew of 50-odd nerds sharing an uninspiring concrete block in…
Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rulesRachel Reeves v the OBR: chancellor aims to loosen the watchdog’s gripRachel Reeves is aiming to create more “headroom” against her fiscal rules in November…
Deportations are likely to cause employers to let go of US workers, and reduce the labor forceThe government shutdown may have prevented the publication of September’s job report, but we can be reasonably confident that when the numbers are known, they…
US president’s threat to impose 92% tariffs targeting major manufacturers put family-run firms in the firing line as well“It’s a real pity,” laments Antonio Rummo of Donald Trump’s latest target in his ever-evolving tariff war: Italian pasta. Rummo is …
ONS says public borrowing estimates have been out by £200m-£500m a month since JanuaryBusiness live – latest updatesMistakes in recent public finances data mean government borrowing has been overstated by a cumulative £3bn, the Office for National Stat…
Research finds it would take average worker saving all their earnings for 52 years to match wealth of richest 10th of societyIt would take the average earner in the UK 52 years’ worth of earnings to become as wealthy as the richest 10%, according to ne…
Alarm sounds over plan in Brussels to double import tariff to 50% with four-fifths of UK exports heading to EuropeThe EU has announced it will match Donald Trump’s steel tariffs, doubling levies on imports to 50% in a move condemned as “an existential …
Precious metal having biggest rally since 1970s amid political uncertainty in US, France and JapanBusiness live – latest updatesThe price of gold has risen above $4,000 (£2,980) per ounce for the first time as investors continue to seek a safe place to…
Company says more roles will be at risk unless UK government supports tariffs to protect industryBusiness live – latest updatesIneos, the chemicals company owned by the billionaire Sir Jim Ratcliffe, is to cut a fifth of jobs at its East Yorkshire plan…
Markets rattled by resignation of French PM but country is not alone in trying to grapple with political mathsSébastien Lecornu’s abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash betw…