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‘Department of government efficiency’ head Elon Musk suggested $5,000 checks to US households if targets metDonald Trump has appeared to embrace a proposal to share a portion of the cuts in US government spending made by Elon Musk’s “department of gove…
Annual CPI inflation rate hit 10-month high in January in blow to ministers amid rise in food bills and fuel costsAnalysis: Bank of England faces bumpier road after inflation acceleratesBusiness live – latest updatesUK inflation accelerated faster than…
Retailers warn post-Brexit checks on fresh food due from April could further drive up shopping costsShop prices continued to rise at 4.3% in December as a price rise on non-food items offset easing costs on food.The increase in the price of goods in st…
Army whistleblower David McBride will learn of his fate next March after he pleaded guilty to three charges on Friday. Follow the day’s news liveGet our morning and afternoon news emails, free app or daily news podcastHostage release essential if truce…
Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity Jeremy Hunt announces tax cuts for firms and workersAutumn statement 2023: key points at a glanceWhat it means for people on a range of inco…
Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028Hunt announces sweeping tax cuts for firms and workersUK politics live – latest updatesAutumn statement 2023: key points at a gla…
Rolling coverage of the latest economic and financial news, including the latest UK inflation reportUK inflation expected to slow sharply, easing interest rate pressureThe annual pace of UK price rises is expected to have slowed sharply when the latest…
Zero growth also underlines impact of inflation on consumer spending and business activityThe UK economy flatlined between July and September, compared with the previous three months, as the impact of high interest rates and inflation weighed on consum…
Upbeat comments by Associated British Foods CEO come as grocery price rises fall to single digits for first time in 18 monthsFood inflation could be all but gone by Easter, according to the owner of Kingsmill bread, Twinings tea and Silver Spoon sugar …
Butter, dried pasta and milk among items to show drops as supermarket price rises slowBusiness live – latest updatesFood price inflation has dropped to single digits for the first time in a year and a half, as the cost of living crisis eases slightly.G…