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UK stuck between weak economic growth and risk of persistently high inflation, says thinktankThe government has no room for unfunded pre-election tax cuts despite having pushed through a “colossal” £52bn a year stealth raid on household incomes on Rish…
Huw Pill raises possibility of fresh interest rate rise, saying war between Israel and Hamas may affect oil priceBusiness live – latest updatesThe Bank of England has more “work to do” to ensure inflation is brought back under control, Threadneedle Str…
Huw Pill raises possibility of fresh interest rate rise, saying war between Israel and Hamas may affect oil priceBusiness live – latest updatesThe Bank of England has more “work to do” to ensure inflation is brought back under control, Threadneedle Str…
Fall from 6.7% in August signals prices are still rising as higher cost of oil feeds throughHeadline inflation eased again in September, official figures are expected to show this week, while pay growth is slowing.Economists polled by Refinitiv expect …
Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit homeUK house prices are rising at the slowest rate for this time of year since the 2008 financial crash, according to new data that h…
Development minister’s comments at World Bank summit in Marrakech acknowledge effect of aid budget cutsBritain has to rebuild its reputation as a global leader in providing assistance to poor countries after the damage caused by the decision to slash t…
Chancellor rules out tax rises and vows to cut spending in autumn statement as borrowing rises up to £30bn more than forecastBusiness live – latest updatesThe chancellor, Jeremy Hunt, has warned that the government will need to take “difficult decision…
Developing nations need equivalent of US Inflation Reduction Act, adds Nobel prize-winning economistPoor countries should be provided with $300bn a year from the International Monetary Fund to finance their fight against the climate crisis, the Nobel p…
In an exclusive interview, Akinwumi Adesina, head of the African Development Bank, says the outlook is good for a continent with the workers of the future and the best investment opportunitiesAfrica holds the future workforce for the ageing economies o…
Swati Dhingra says economy has flatlined and millions of mostly young and poorer people could be affected if rates stay highBusiness live – latest updatesThe economy has flatlined and only a quarter of the impact from the Bank of England’s 14 consecuti…