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Depressing data comes as Rachel Reeves and her team were daring to hope business confidence was recoveringUK economy shrinks unexpectedly in blow to ReevesBusiness live – latest updatesMay’s unexpected 0.1% decline in GDP will make depressing reading …
Chancellor’s Mansion House speech to cite ‘opportunity’ in attempt to shrug off anaemic economic performanceAnalysis: Fall in UK GDP puts focus back on expectations of tax rises in autumn budgetBusiness live – latest updatesRachel Reeves will attempt t…
The direction of travel is clear, we might just take a bit longer to get thereGet our breaking news email, free app or daily news podcastDo not despair, mortgage holders of Australia: we didn’t get a rate cut on Tuesday, but they are still coming.The R…
Decision will come as shock to financial markets and large majority of experts who were sure RBA board would cut for a second straight meetingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podc…
Guardian analysis found no major bank has adopted ACCC recommendations in full – but NAB, CommBank, Westpac and ANZ say they offer in-app alertsGet our breaking news email, free app or daily news podcastAustralia’s big banks have not implemented severa…
Experts say interest rate cuts – past and prospective – are sending buyers to auctions with ‘confidence’ and ‘gusto’Get our breaking news email, free app or daily news podcastAustralian property prices are accelerating again, as falling borrowing costs…
Andrew Bailey warns of ‘significant decline in wage growth in year ahead’ as Bank prepares for interest rates decisionBusiness live – latest updatesThere are growing signs that the UK jobs markets is slowing as employers respond to higher national insu…
US president has clashed with incumbent Jerome Powell, whose term is due to run for 11 more monthsBusiness live – latest updatesThe dollar has fallen to a three-year low following a report that Donald Trump is considering bringing forward the announcem…
Lower interest rates will be a lever for growth but the Middle East conflict and rising food prices will have troubled MPCBank of England keeps interest rates on holdBank of England warns of ‘elevated’ global uncertainty after leaving interest rates on…
Governor says rates still on downward path but hard to predict timing of reductions in ‘highly unpredictable’ worldBusiness live – latest updatesThe Bank of England has left interest rates on hold at 4.25%, though the central bank signalled that furthe…