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Treasury yet to do due diligence on finding extra money for UK’s Nato spend
How to hit the 3.5% of GDP defence spending promise would be a matter for ‘the next prime minister’, MPs told
The Treasury has as yet carried out no analysis of the trade-offs.. - source: The Guardian - 08.07.2026
IMF upgrades UK growth forecast as fears over impact of Iran war diminish
July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK,.. - source: The Guardian - 08.07.2026
Trump’s policy mayhem is making even the Maga faithful consider walking away
Even voters who identify as foot soldiers of his political army are increasingly willing to blame Trump for their economic troubles
The political consequences of Donald Trump’s policy.. - source: The Guardian - 08.07.2026
Almost no progress made on UK regional household income divide in 30 years, report finds
Despite promises of successive governments, gap between richest and poorest areas consistent since 1997
Britain’s deep regional income divide has barely changed in 30 years despite the.. - source: The Guardian - 08.07.2026
Act soon to change ‘unsustainable’ direction of UK debt, OBR warns
Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’
Policymakers must act to prevent public debt rising unsustainably in.. - source: The Guardian - 07.07.2026
Recession off the cards but Australia faces dreary outlook, economists say
De-escalation of war in the Middle East has lowered oil prices and eased fears of economic downturn but households are still feeling the pinch
Get our breaking news email, free app or daily.. - source: The Guardian - 07.07.2026
Half of Americans struggle to afford groceries and gas, exclusive poll finds
About 57% of polled Americans also believe economy is worsening in grim portrait of cost of living crisis, according to Harris survey for the Guardian
Ninety-five per cent of Americans.. - source: The Guardian - 07.07.2026
Make Ed Miliband chancellor, ex-chief Treasury adviser tells Andy Burnham
Nicholas Stern joins growing number backing Miliband, saying he has vision and experience to revive economy
A former chief economic adviser to the Treasury has called on Andy Burnham to.. - source: The Guardian - 05.07.2026
Oil price ‘may fall to $60 a barrel’ as voyages through the strait of Hormuz jump – business live
Rolling coverage of the latest economic and financial news
Voyages through the Strait of Hormuz have more than quadrupled in the past week amid growing confidence in the US and Iran’s.. - source: The Guardian - 03.07.2026
Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?
Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’
An economy rattled by a global energy shock, jittery bond.. - source: The Guardian - 03.07.2026
US employers added 57,000 new jobs in June – less than what economists predicted
The country’s unemployment rate dropped slightly to 4.2% as US job growth also slowed for the month
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US job growth slowed in June.. - source: The Guardian - 02.07.2026
Rolling coverage of the latest economic and financial news
It’s not just motor fuel prices that are falling.
The average cost of a fixed-rate UK mortgage dipped again yesterday, to.. - source: The Guardian - 02.07.2026
Trump refuses to renew US-Canada-Mexico trade pact he once championed
Trump and US officials opted to keep USMCA alive on short leash of annual reviews rather than longer term renewal
Donald Trump has refused to renew the North American trade pact he once.. - source: The Guardian - 01.07.2026
EU urged to exempt UK from car rules that could be worst Brexit impact yet
Bloc’s ‘made in Europe’ regulations risk shutting out British manufacturers in ‘most spectacular own goal in history’
The EU’s car industry has called for the UK to be fully.. - source: The Guardian - 01.07.2026
A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunch
Of the various dimensions of the affordability crisis weighing on US families,.. - source: The Guardian - 01.07.2026
UK living standards fall despite fastest growth in G7 – business live
GDP quarterly national accounts show people grew worse off in January to March 2026, despite solid growth
Today’s data also shows that the UK economy grew less than previously thought in.. - source: The Guardian - 30.06.2026
‘Commanding heights of the economy’: the postwar blueprint that inspires Burnham
In the second of a series on nationalisation, we look at the lessons from Clement Attlee’s administration
Will Andy Burnham ‘go big’ in expanding the role of the state?
A prime.. - source: The Guardian - 30.06.2026
What is Andy Burnham’s economic and political blueprint for Britain?
Plans include greater regional power, public ownership of utilities and the end of trickle-down economics
Andy Burnham vows to set up No 10 North as ‘nerve centre of rewired.. - source: The Guardian - 29.06.2026
EU sets up three months of talks with China over €360bn trade deficit
Two sides agree to try to make bilateral relationship ‘more balanced’ after weeks of threats
The EU and China have agreed to enter three months of talks to try to avoid a trade war over.. - source: The Guardian - 29.06.2026
Makerfield MP and hopeful prime minister to pledge ‘growth in every postcode’
Journalists have been told that Andy Burnham will not be taking questions after his speech today. Richard.. - source: The Guardian - 29.06.2026