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Trump forced to refund billions in tariffs – The Latest
The US government has been forced to pay billions in refunds to companies that were hit by Donald Trump’s ‘liberation day’ tariffs.
The US has paid out $81bn (£61bn) this fiscal.. - source: The Guardian - 14.07.2026
Oil price jumps as US-Iran clashes raise odds of interest rate rises
Energy prices later stabilise after Trump abandons plan for 20% levy on traffic through strait of Hormuz
Oil and gas prices jumped and expectations of interest rate rises in Europe.. - source: The Guardian - 14.07.2026
Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last year
Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran.. - source: The Guardian - 14.07.2026
North Sea oil industry urges Burnham to approve new drilling in UK waters
Lobby appeals to prospective PM’s reindustrialisation agenda as it pushes for Rosebank and Jackdaw approval
The UK’s North Sea oil industry has made a last-ditch attempt to curry favour.. - source: The Guardian - 14.07.2026
World Cup and sunshine prompt UK consumers to splash out on beer and online shopping
Despite spending increase in June, Barclays says most people still pessimistic about economy
Relentless sunshine and the World Cup coaxed consumers to spend more on beer and online shopping.. - source: The Guardian - 14.07.2026
‘Super’ El Niño could cause global food price shock lasting into 2028, analysts say
Weather cycle threatens harvests worldwide, adding to inflation already fuelled by the Iran war
Economists are warning that a “super” El Niño weather cycle this year could cause a.. - source: The Guardian - 12.07.2026
World Cup quarter-final expected to generate £500m sales boost for UK economy
As England prepare to take on Norway on Saturday, sales of pints, takeaways and new TVs continue to surge
From a cosy Norwegian pub to outdoor fan zones packed with hopeful England football.. - source: The Guardian - 11.07.2026
Labour MPs call for Andy Burnham to restore aid spending target set by Brown
Thinktank urges prospective prime minister to reclaim UK’s role as an international leader on development
Influential backbenchers are calling on Andy Burnham to reclaim Labour’s.. - source: The Guardian - 11.07.2026
Developing countries spend more repaying foreign debt than on education, UN reveals
Unesco report shows children lost out to servicing debt in 113 countries, with 18 spending five times more on loans
Most developing countries spent less on education than they did repaying.. - source: The Guardian - 10.07.2026
Oasis reunion helps draw record 25m ‘music tourists’ to UK concerts
Gigs by Gallagher brothers, Coldplay, Lana Del Rey and Beyonce gives £11bn boost to the economy
Big name artists including Oasis with their highly anticipated reunion tour, Coldplay and.. - source: The Guardian - 10.07.2026
Invest in Britain or I’ll force you to, minister tells pension funds
Business secretary Peter Kyle says asset managers should feel a patriotic duty to make the UK a success
The business secretary, Peter Kyle, has told UK pension funds to “get off their.. - source: The Guardian - 09.07.2026
Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul
Economists including Jim O’Neill write an open letter calling for a single levy to replace six major taxes
Prominent economists including Andy Burnham ally Jim O’Neill, are urging him.. - source: The Guardian - 09.07.2026
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